Top Glove Corp Bhd rose as much as 3% to RM8.10, its highest so far today At 11:50am, the shares were traded at RM8.04 for a market capitalisation of RM4.97 billion. The fourth-largest gainer on Bursa Malaysia saw 759,400 shares…
Category: Industry News
Lanxess launches new mega plant in Singapore
Lanxess has launched its new 200 millio euro plant in Singapore. The plant is their biggest investment to date. The neodymium butadiene rubber facility, which produces synthetic rubber that can increase fuel efficiency and performance in tires, is the German…
GM optimistic that India business will be profitable in 5 years
General Motor is optimistic that its business in India will be profitable by the next 5 years. This is because they are cutting costs and moving towards producing their content locally. After two decades in India, GM’s sales are falling…
World Footwear Market 2015 – 2020: report
The revenue of the global footwear market is predicted to reach US$371.8 billion by 2020, registering a CAGR of 5.5% during 2015-2020. The Asia Pacific region is a major exporter of leather footwear to the United States and United Kingdom…
Hartalega aims to sell 16 billion gloves
Hartalega Holdings Bhd is aiming to sell 16 billion gloves this year. They sold 12 billion gloves last year. Group executive chairman Kuan Kam Hon said on Tuesday the higher sales would be underpinned by the commissioning of its two…
AIRIA wants a council to promote Indian rubber for export
The All Indian Rubber Industries Association (AIRIA) wants to form a dedicated council to increase rubber product exports. Around 30% of rubber products produced by Micro, Small, and Medium Enterprises (MSME) are exported. The sector has 5,000 MSME rubber units…
Auto Recalls Expected to Rise through 2016
While many auto executives (42.3 %) expect more industry recalls in 2015 and 2016, just 8 % use advanced predictive analytics to help prevent, prepare for, and manage recalls, according to a recent online poll from Deloitte. Nearly one-quarter (23…
Four farm tyres by Michelin hit shelves
MICHELIN Agricultural tires is unveiling four new tires for tractors, sprayers, harvesting equipment and large implements in North America. It will also introduce as well a new mobile app that calculates the proper air pressure for tractor tires. Also on…
Production of Jeep Cherokee by Fiat to move out of Toledo
The Production of Jeep Cherokee by Fiat will be moved out of Toledo, Ohio. Toledo will now serve as the plant where Fiat’s Jeep Wrangler will be made. Fiat Chrysler had said in October last year that it was planning…
Continental Corporation welcomes future employees at Careers Week
Continental Corporation is joining the IAA 2015 Careers Week at Frankfurt, Germany on September 21 to 25. Continental’s executive members will be giving talks about different topics. Some focus on the achieving zero road accidents and clean air through fewer…