OVERCAPACITY is a term used very much in the glove industry these days. That and rising costs of production. In fact, the industry has been wrought by more negativity than “positivity” in the past couple of years, a different scenario…
Category: Industry News
Public unrest against another Hayleys factory
Just under seven months to the incident which led to the closure of the Weliweriya glove manufacturing plant, another Hayleys group factory, Hanwella Rubber Products Ltd located in Hanwella has taken public to the streets, interestingly for the same contamination…
Top Glove not giving up on China
Top Glove Corp Bhd, the world’s largest rubber glove manufacturer by capacity, has no plans to exit the Chinese market, despite the group incurring an operating loss of RM5.23 million in China during the first quarter ended Nov 30, 2013…
Tokyo rubber faces tough resistance, sugar premiums may rise
High rubber inventories will weigh on Tokyo rubber futures this week, but sugar premiums could edge up after New York futures fell on easing day weather concerns in main producer Brazil, dealers said on Monday. In the coffee market, higher…
Imports to remain as peak season rubber output falls
Serious drop in the production of natural rubber (NR) during the peak season (Sept– Feb) of the current financial year has raised concern over its domestic availability. While the the peak season production dropped to 518,000 tonne as against 546,500…
Lanxess said to hire Macquarie to explore rubber options
Lanxess AG (LXS) has hired Macquarie Bank Ltd. to advise on the potential sale of a rubber-chemicals business, according to people with knowledge of the matter. The process to explore options for the asset is still in the early stages,…
Research firm projects increase in SBR demand
A study by Grand View Research Inc. says the global market for styrene butadiene rubber (SBR) is expected to reach approximately $23.2 billion by 2020. The study cites increased demand for SBR in tire manufacturing as a primary factor in…
RHB Research upbeat on rubber gloves, Kossan top pick
RHB Research maintained its positive stance on the rubber glove sector given the favorable operating environment. It said on Thursday the factors were the resilient demand for overall rubber gloves, increased awareness of health in developing countries, softening latex and…
Yokohama to release new winter tyre for Europe
Yokohama Rubber Co. Ltd. said it will begin selling a new winter passenger car tire across Europe ahead of the 2014 autumn/winter season. The W*drive V905 is, according to Yokohama, a successor to the W*drive V902A/B and will be available…
Bluestar expanding for long-term medical applications
Bluestar Silicones is expanding its health-care presence as a silicone supplier for select long-term implant applications, the company announced Feb. 11 at the MD&M West trade show in Anaheim. East Brunswick, N.J.-based Bluestar Silicones USA Corp. opened a plant in…