Datuk Dr Salmiah Ahmad and Dr Mohamed Nazeeb P. Alithambi have been appointed as independent non-executive directors of Felda Global Ventures Holdings Bhd. In a statement, FGV chairman Datuk Wira Azhar Abdul Hamid said the company was confident the appointments would…
Category: Industry News
Malaysian PM: govt approved RM200m to assist smallholders, rubber tappers
The government approved a RM200 million allocation for several initiatives specifically for smallholders and rubber tappers in Malaysia, said it’s Prime Minister Datuk Seri Najib Tun Razak. He said the rubber smallholdings sector would be given a new lease of…
Thai rubber growers from the South plan rally over price drop
Rubber growers from southern Thailand are planning to gather in the capital to pressure the military regime into propping up falling prices in all central rubber markets in the South, according to an informed source. They are mulling a protest…
ResQ-Grip Glove Testing adds heroin resistance
PH&S Products had its ResQ-Grip premium nitrile examination grade gloves tested for a combination of heroin/fentanyl resistance. Successful heroin/fentanyl-resistance testing provides gloves that can ensure the safety of first responders and healthcare personnel who come in contact with these substances.…
Mining hose manufacturers diversifying products to up competition
Increasing competition in the global mining hoses market is leading manufacturers to diversify their products, says a recent market study by Transparency Market Research (TMR). Some of the prominent companies operating in the global mining hoses market are Trelleborg Group,…
Toyota marks 60 years anniversary in the U.S.
When Toyota launched its North American headquarters in a Hollywood, Calif., dealership on October 31, 1957, it was, no doubt, a frightening affair. But since those humble beginnings in a 3,000-square-foot, one-time Rambler dealership, Toyota has woven itself into the cultural fabric…
Cabot Corporation to buy Tech Blend
Cabot Corporation has entered into an agreement to purchase Tech Blend, a leading North American producer of black masterbatches, for approximately US$64 million. The acquisition extends Cabot’s global footprint in black masterbatch and compounds; provides a platform to serve global…
Cooper Tire & Rubber Company reports third quarter 2017 net income of US$62 million
Cooper Tire & Rubber Company reported third quarter 2017 net income of US$62 million, or diluted earnings per share of US$1.18, compared with US$49 million, or US$0.90 per share, last year. The quarter included a US$39 million benefit from lower…
Budget 2018 augurs well for glove industry
The 2018 Budget which focused on four key areas, namely automation and Industry 4.0, high value-added products on Market Development Grant, incentives for rubber industry smallholders and special economic zones, augurs well for the continued growth of the glove industry.…
Malaysian PM: Budget 2018 a windfall for Felda settlers
More than 112,000 Federal Land Development Authority (Felda) settlers received a windfall through six main incentives announced by Prime Minister Datuk Seri Najib Tun Razak when tabling Budget 2018 at the Dewan Rakyat. Najib, who is also Finance Minister, said…