The European Union’s decision to ban the import of palm oil from Malaysia is seen as threatening the future of 650,000 smallholders in the industry apart from its negative impact to the country’s economy. Malaysian Palm Oil Board chairman Datuk…
Category: Industry News
Malaysia, Thailand and Indonesia with holding exports of 350,000 tonnes of natural rubber
Malaysia, Thailand and Indonesia have committed to withhold exports of 350,000 tonnes of natural rubber (NR) under the implementation of the Agreed Export Tonnage Scheme (AETS) with immediate effect until March 31, 2018. The International Rubber Consortium Ltd (IRCo), in…
Chinese tyre giant to build a US$580 million plant in North Carolina
Weihai, a China-based maker of tyres for passenger vehicles, trucks and buses and heavy equipment, is set to build a US$580 million tyre plant in North Carolina. The factory is expected to employ 800 and produce six million tyres a…
Linglong to invest in creating a dandelion rubber company
Tyre company Shandong Linglong Tire Co is looking to build a company that will research and produce the dandelion rubber. The company will cost US$450 million and will be called the Linglong Dandelion Science and Technology Development Co. They predict…
Indian shares hit record closing high, automakers benefit
Indian indexes marked record closing highs on Tuesday, driven by automakers as regional markets gained at the prospect of passage of a major U.S. tax bill, while the victory of Prime Minister Modi’s party in key state elections continue to…
Fiat Chrysler in talks over potential diesel emissions settlement
Fiat Chrysler Automobiles NV and owners of the automaker’s diesel-powered vehicles are in settlement talks over allegations of excess diesel emissions, a court-appointed adviser said recently. In May, the U.S. Justice Department sued Fiat Chrysler, accusing the company of illegally using…
Mitsubishi Materials uncovers more products with falsified data
Japan’s Mitsubishi Materials Corp said it has found more cases of products shipped with possible falsified specifications as it investigates a widening data-fabrication scandal that has affected more than 300 of its customers. The revelation is among the latest in…
Natural rubber output up 28.5% in October 2017
Malaysia’s natural rubber (NR) production rose 28.5% to 67,403 tonnes in October 2017 from 52,472 tonnes in September, according to the Department of Statistics. In a statement today, the department said the smallholding sector was the main contributor to the…
20 billion baht loan package among Thailand’s state aid to tackle low rubber prices
Thailand recently approved state measures to tackle low rubber prices, including a new loan package worth 20 billion baht for entrepreneurs who agree to purchase and stockpile rubber. According to Grisada Boonrach, the agriculture and cooperatives minister, the measures were…
The natural rubber industry still an important part of the Malaysian economy – Deputy Chief Minister
The natural rubber industry is still an integral part of the Malaysian economy, given that its contribution to the Gross Domestic Product (GDP), export earnings and employment for a large number of smallholders is significant Deputy Chief Minister Datuk Amar…