The Malaysian state of Kedah is expected to generate a revenue of about RM520 million via three large scale development projects currently in the pipeline, the State Legislative Assembly sitting was told today. State Industry and Investment, Domestic Trade, Cooperatives…
Category: Industry News
Supermax Q1 PBT rises 53.5 % to RM40.66 million
Supermax Corporation Bhd’s pre-tax profit for the first quarter ended Sept 30, 2017 jumped 53.5 % to RM40.66 million compared with RM26.49 million recorded in corresponding quarter last year. Revenue increased 16 % to RM312.02 million from RM269.0 million registered,…
Halcyon Agri to purchase RCMA Group Pte Ltd‘sPolymer Division for US$33.8 million
Halcyon Agri Corporation Limited, one of the world’s largest natural rubber supply chain managers, has entered into an agreement with RCMA Group Pte Ltd to acquire the assets and entities of its Polymer Division for up to US$33.8 million. The…
Driverless cars set for UK budget boost: finance ministry
British finance minister Philip Hammond’s budget statement this week will include measures to encourage the development of driverless and electric cars, artificial intelligence and telecommunications, the finance ministry said. Hammond is under pressure to turn around the fortunes of Prime…
Continental starts construction of “Taraxagum Lab Anklam” research and test laboratory
Continental Reifen Deutschland GmbH today marked the start of construction of its “Taraxagum Lab Anklam” research and test laboratory in Mecklenburg-Western Pomerania with a traditional ground-breaking ceremony. Among those present were the Minister of Economics of the State of Mecklenburg-Western Pomerania, Harry…
Semperit and Shaw Almex to end cooperation agreement for the North American conveyor belt market
Sempertrans USA LLC and Shaw Almex Industries Ltd. Has agreed to end their cooperation agreement for the North American conveyor belt market which was started in 2016. Sempertrans USA has set up a sales and distribution organization for conveyor belts…
Goodyear completes purchase of Ventech Systems
The Goodyear Tire & Rubber Company has successfully completed the previously announced acquisition of Ventech Systems GmbH, a leader in automated tyre inspection technology, from Grenzebach Maschinenbau GmbH to support its fleet services in Europe and other geographies of the…
Bridgestone creates new mining solution business base in Australia
Bridgestone Earth mover Tyres Pty. Ltd. (BSEM), a subsidiary in Australia that sells and provides services related to tyres for mining vehicles and conveyor belts, has established a new mining solution base in the Pilbara region of Western Australia. The…
U.S. rejects Ford petition to delay recall of three million vehicles
The U.S. National Highway Traffic Safety Administration has rejected a petition by Ford Motor Co to delay recalling about 3 million vehicles with potentially defective air bag inflators to conduct additional testing. The agency said it did not find the…
Volkswagen taps Brazil growth; releases Virtus model
Volkswagen launched its new Virtus model on Thursday to tap Brazil’s highest-volume segment. The launch is part of a recovery plan that analysts said will help it regain ground on rivals General Motors and Fiat in South America’s largest car…