Affin Hwang Capital Research is maintaining its Hold call for glove maker Hartalega and raised the target price to RM8.72. It said on Friday that after taking into account the group’s accelerated expansion plans, it raised its FY16-18E earnings by…
Category: Industry News
Rubber prices in India slip further despite govt intervention
The announcement of a rubber price stabilisation fund is yet to bring the desired cheer to plantations. The price of RSS-4 grade, which buoyed up to Rs 132 per kg from Rs 128 per kg initially, has slipped down this…
Ford to move production of Focus, C-Max cars from Michigan
Ford Motor Co (F.N) will move production of its Focus small cars and C-Max hybrids from its Michigan Assembly Plant near Detroit in 2018, it said on Thursday, highlighting difficulties U.S. automakers are having building fuel-efficient vehicles profitably at home.…
GM recalls 780,000 SUVs for possible lift gate issue
General Motors Co (GM.N) said it was recalling nearly 780,000 crossover SUVs, mainly in North America, because their rear power lift gates could suddenly fall and hit people. The recall covers the Buick Enclave from model years 2008-2012, the Chevrolet…
Rubber production down 11.3% in May
Malaysia’s natural rubber (NR) production in May 2015 dropped 11.3% to 38,923 tonnes compared with the same period last year, the Statistics Department said. Month-on-month, however, saw an increase in rubber production by 8.6%. The department, in a statement today,…
Ivory Coast’s Sifca 2014 profit plunges 75 % on rubber, cedi
Ivory Coast agro-industrial group Sifca’s 2014 net profit plunged to 6 billion CFA francs (US$10.1 million), from 24 billion the previous year, the company said in a statement. Sifca, part-owned by Singapore’s Olam International and Wilmar International, said turnover slid…
Tyre collection effort battles Waco mosquitoes, litter
In an effort to combat mosquitoes, as well as littering, the city of Waco held a rare midsummer Waco scrap tyre collection day Saturday. “The height of summer is the prime breeding season for mosquitoes, and one of their favorite…
China market rout, slowing economy sap demand for luxury cars
Prices for German luxury cars in China are tumbling as the country’s stock market sell-off and worries about broader economic growth chill demand for auto brands that once commanded price premiums from affluent Chinese consumers. At Mercedes-Benz stores operated by…
Coastal States Automotive Group Purchases Volkswagen Dealership in Savannah
Coastal States Automotive Group President and CEO Warner Peacock has announced another new acquisition. The company purchased the Volkswagen franchise in Savannah, Ga., on July 7, 2015. The new Savannah Volkswagen is located on Abercorn and Eisenhower Drive, at the…
California to study health effects of ‘crumb rubber’ in artificial turf
SACRAMENTO — California officials have authorized spending US$2.9 million to study the health effects of using recycled tyre pieces on artificial turf fields, hoping to put to rest a simmering debate over their safety. But even as the health effects…