Glove maker Kossan Rubber Industries Bhd’s share price rose to nearly RM4 on Friday – the highest in a month — as investors remained upbeat about its prospects. At 3.12pm, it was up 15 sen to RM3.96. Turnover was 895,700…
Category: Industry News
Tokyo rubber could lengthen losses due to worries on China demand
Tokyo rubber futures could extend losses this week on persistent worries about demand from top consumer China, dealers said on Monday, while Thai raw sugar was being offered at discounts for the first time since 2009. Among other soft commodities,…
Flint Group reports price increase on silicones used for heatset web applications
Flint Group North America has announced a 15% price increase on silicones used in heatset web applications. New prices take effect on silicones ordered in the United States and Canada on or after July 1, 2014, subject to existing contracts.…
Malaysian glove sector looks less attractive to observers
With the “big four” Malaysian glove makers clamouring for market share in an increasingly crowded space, observers say the sector is looking less attractive in the near term. AllianceDBS Research contends that “alpha returns” may be elusive for glove stocks.…
Ceat to build up stronger presence in European tyre market
Indian tyre maker Ceat Ltd. aims to build up a stronger presence in the European passenger car and commercial vehicle tyre markets in the coming years. As the company explained during Reifen 2014, its plan is to work together with…
ContiTech earns Cadna Rubber
ContiTech, a subsidiary of German automotive supplier Continental, has acquired 100% of the shares of Cadna Rubber Company – American automotive parts distributor, a move which strengthens its position in the automotive aftermarket in the US. ContiTech, based in Memphis,…
MRB promotes chemically induced rubber to Indian tyre makers
The Malaysian Rubber Board (MRB) has started promoting chemically induced natural rubber to Indian tyre manufacturers. According to sources, Apollo Tyres has already shown interest in this kind of rubber and MRB has been approaching other rubber companies here. When…
Bridgestone gains Masthead Industries
Bridgestone Corporation (“Bridgestone”) announced today that its wholly owned U.S. subsidiary, Bridgestone Hose America Inc., reached an agreement to acquire U.S.-based Masthead Industries, LLC., operator of one of the largest networks specialized in hose sales and service in the U.S.…
Continental adds new sizes on Altimax range
Continental Tire the Americas LLC has added 37 sizes to the Altimax RT43, the General tyre brand’s newest all-season touring tyre. The Altimax RT43 is available in sizes ranging from 13- inch to 18-inch wheels with a UTQG wear rating…
Thai RSS3 price lowered, Indonesian sellers pretends less interested
Thai RSS3 grade changed hands at lower prices this week after Tokyo futures slipped from two-month highs, dealers said on Wednesday, while some Indonesian sellers turned their backs on consumers.Tyre grade prices in Southeast Asia have tracked the fortunes of…