Michelin has announced that it is doubling up the capacity of its truck tyre plant which is located in northern Chennai. The company now makes nearly 15,000 tonnes of tyres a year at the plant. “We will double this to…
Category: Industry News
Carlisle Companies to buy Accella for US$670 million cash
Carlisle Companies Incorporated has entered into a definitive purchase agreement to buy Accella Performance Materials, the premier specialty polyurethane platform, from Arsenal Capital Partners for US$670 million in cash. Accella Performance Materials offers a wide range of polyurethane products and solutions across a broad diversity…
First Malaysian village to get rubberised road
Kampung Sungai Kerawaiin TelukIntan, Perak, has become the first rural village in the country to get a rubberised road. Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said despite the high initial cost for the one-kilometre road, maintenance…
Chief Minister: Felda has improved 1500 poor households in Perlis state
The opening of three Felda settlements in Perlis in 1980s had changed and transformed the socio-economic status of over 1,500 poor households in the state, according to Chief Minister Datuk Seri Azlan Man. He said the Felda settlements, which were…
Saudi Aramco and Petronas team up for better strategic positioning in Johor
Saudi Aramco has entered into a strategic partnership with Petronas Chemicals Group Berhad (PCG) to improve its positioning of its petrochemicals projects within the Petronas Pengerang Integrated Complex (PIC) in the southern Malaysian state of Johor. The partnership marks a…
Sabah rubber board: cess has nothing to do with exported low rubber price
The Sabah Rubber Industry Board (LIGS) today denied Warisan Sabah’s allegation that the raw rubber cess imposed on raw unprocessed rubber taken out of the state as why the rubber prices in Sabah has been low. It said in a…
Giti Tire launches its first US plant; more than 1,700 jobs to be created
Tyre giant company Giti Tire Group recently unveiled its first US tyre factory. The new 1.7 million square-foot facility, located in Richburg, South Carolina, is expected to create 1,700 local jobs as part of Walmart’s commitment to purchase an additional…
Priest develops new high-yielding rubber
A priest in India has developed a new high-yielding rubber variety which provides double the yield. Father Thomas who hails from Cheenikkuzhi at Udumbannoor in Thodupuzha developed it after more than three decades of continuous experiment. This is great news…
Mudajaya clinches multi-million deal to build tower
Malaysian company Mudajaya Group Bhd has successfully snapped up a contract to build the 16-storey Hevea Tower in Sungai Buloh. The tower is expected to be the headquarter of the Malaysian Rubber Board. The amount of the contract is RM118.6…
MIDA wants more companies to set up R&D centres
The Malaysian Investment Development Authority (MIDA) is urging Malaysian companies to set up research and development (R&D) centres to produce high-value products, which in turn would lead to high-value investments. Chief Executive Officer, Datuk Azman Mahmud said, the centres would…