Seacera Group Bhd has accepted a Letter of Award from Koridor Padu Sdn Bhd for sub-contract works for the construction and completion of Rubber Research Institute of Malaya’s Centre of Excellence in Sungei Buloh, Selangor for RM216 million. In a…
Category: Industry News
Cambodia’s rubber export increases 33%, earns US$192 million.
Cambodia’s rubber exports has seen an increase of 33 % in the first nine months of 2017, while the average price for the commodity went up 53%, compared with the same period last year. From January to September 2017, Cambodia…
Mesnac to build “Digital Plant Industrial Park” in China
Rubber equipment systems manufacturer Mesnac announced recently that it will build a “Digital Plant Industrial Park” in Qingdao, China. The site will host a variety of technology, including the Internet of Things, FID, automation package solution, MES, big data, and…
Hankook Tire launches first US plant
Hankook Tire recently launched its Tennessee plant, its first in the US. This is to enhance its global production portfolio. The Tennessee plant exemplifies the company’s continuous efforts to create innovative and cutting edge technology for its U.S. customers as…
Bridgestone to invest EUR250 + million at three key production sites
The world’s largest tyre-maker Bridgestone announced recently that it will invest approximately EUR266 million into three key European production sites. The funds will be used to expand plant production capacity, purchase cutting-edge equipment and optimise existing production lines. Bridgestone production…
Dutch ambassador: make use of R&D
Netherlands ambassador to Malaysia Karin Mossenlechner has urged Malaysian investors in the Netherlands, particularly palm oil players, to take advantage of Dutch universities’ strength in research and development (R&D) to help expand their market in Europe. She is hoping to…
Newly-formed committee to drive oil palm trunk industry development
A newly formed national committee has been tasked with driving the development of the oil palm trunk (OPT) industry, Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said. He said the committee, comprising 18 government agencies across ministries,…
Malaysian-made rubber gloves see high sales
Rubber glove makers are recording higher sales, especially Malaysian company Top Glove. CIMB Research in a note upgraded its call on Top Glove Corp Bhd to buy with a substantially higher target price after the world’s biggest glove maker reported…
Malaysian rubber gloves export to reach all-time high
Shares in major rubber glove-producing companies increased as the industry projected a sharp jump in export sales this year following supply cuts from rivals in China. The Malaysian Rubber Glove Manufacturers Association (Margma), in a statement yesterday, said it had…
Top Glove earnings up 51 %; announces M&As
Malaysian company Top Glove Corporation Berhad has announced that its earning has increased by 51% for the fourth quarter ended Aug 31, 2017 at RM98.62mil. It also announced plans to increase production and explore inorganic expansion via mergers and acquisitions.…