Malaysian Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong recently said that the Government’s Monsoon Season Aid (BMT) of RM200 per month in November 2017 to January 2018 has benefitted 440,000 small farmers and rubber tappers. Mah said…
Category: Industry News
HLT Global buys55% stake in HL Rubber Industries
Fabricator of factory equipment HLT Global Bhd is planning to acquire a majority stake in a rubber glove maker to diversify its income stream. The company told Bursa Malaysia recently that it had entered into a head of agreement (HOA)…
Apollo Tyres begins to invest in the first phase of new manufacturing plant in Andhra Pradesh, India
Apollo Tyres said it will be investing close toRs 1800 crores to set up a new manufacturing facility in Chittoor district of Andhra Pradesh. The resources earmarked are for developing the first phase of the unit, for which the company…
Continental, Bosch each buys 5 % stakes in digital map firm HERE
Germany’s Continental and Bosch, the world’s largest automotive suppliers, have each bought a 5 % stake in digital mapping firm HERE, as the industry pools resources with major carmakers to develop self-driving cars. Germany’s premium automakers BMW, Daimler and Volkswagen’s…
Price of rubber in Cambodia expected to rise
The price of rubber produced in the kingdom is expected to rise after a pledge recently by its neighbouring countries Thailand, Indonesia and Malaysia to withhold exports of 350,000 tonnes of natural rubber until March. According to a recently issued…
Halcyon Agri completes acquisition of RCMA Group’s Polymer Division
Halcyon Agri Corporation Limited, of the world’s largest natural rubber supply chain managers, has completed its acquisition of the assets and entities under the Polymer Division of RCMA Group Pte Ltd for US$31.8m. The acquisition has led to the establishment…
China’s plan to invest in rubber plantations in Thailand must be carefully considered– minister
Grisada Boonrach, minister to the Ministry of Agriculture and Cooperatives, recently said that China’s plan to invest in rubber plantations in Thailand must be carefully considered and that such projects must not impact local farmers. His comment was made in…
Malaysian ministry allocates RM37.2 million to Risda to implement Kelantan’s development programmes
The Rural and Regional Development Ministry has allocated RM37.2 million to the Rubber Industry Smallholders Development Authority (Risda) to implement the first phase of development programmes in Kelantan this year. Deputy Minister Datuk Ahmad Jazlan Yaakub said among the development…
Delek Auto mulls buying Veridis for US$305 mln from Oaktree
Israel’s Delek Automotive Systems is in advanced talks to buy control of environmental and infrastructure firm Veridis from investment manager Oaktree Capital Management for 1.05 billion shekels (US$305 million). Veridis operates in the collection, treatment and recycling of municipal waste…
Hainan Rubber inks MoU to start natural rubber investment in Africa
China’s Hainan Rubber Group signed a memorandum recently to set up an investment vehicle to develop projects in natural rubber and other related sectors in Africa. Such investment will have a special focus on the Community of Portuguese Language Countries in Africa, Hainan Rubber said.…