As with the other member ASEAN states, Malaysia expects its economy to rebound in 2022 along with the recovery of the world economy. Economic and fiscal stimulus to support Malaysia’s economic expansion is among the country’s recovery strategies. Malaysia’s GDP…
Category: Industry News
Continental business up; Ukraine war may have lasting effect
Russia’s invasion of Ukraine has led German technology firm Continental to suspend its Russian tyre operations in Kaluga, and cut all imports to and exports from Russia. It said it could face “lasting consequences” to supply chains, production and demand from what it described as instability in Eastern Europe. Revenue…
New glove alliance to focus on rights of Malaysian glove workers
Newly-formed Responsible Glove Alliance (RGA) has been launched to help ensure the rights and dignity of workers vulnerable to forced labour in Malaysia’s rubber glove industry are consistently respected and promoted through responsible recruitment and employment practices. Currently, there are seven members in…
Top Glove profit plunges 53% in 2nd quarter
The world’s largest glove manufacturer, Malaysia-based Top Glove Corp Bhd’s net profit for the second quarter ended Feb 28, 2022 dropped by almost 53% to RM87 million from RM185 million in the previous quarter, while its revenue declined by 8%…
Timber from Russia and Belarus considered ‘conflict timber’
All timber originating from Russia and Belarus is ‘conflict timber’ and therefore cannot be used in PEFC-certified products, the Board of the Programme for the Endorsement of Forest Certification (PEFC) announced 4 March 2022. ‘Conflict timber’ is defined as “Timber that…
India’s RCPSDC to aid Tripura rubber tappers to improve skills
Delhi-based RCPSDC (Rubber, Chemical & Petrochemical Skill Development Council) has tied up with the Tripura state government, in north eastern India, to improve the livelihoods of rubber growers belonging to OBC Cooperative Development Corporation community through a project involving skills training in rubber tapping…
US tyre market expected to rebound
The US Tire Manufacturers Association (USTMA) says that total US tyre shipments will increase to 336 million units in 2021, compared to 303 million units in 2020 and 332 million units in 2019. Original Equipment (OE) tyre shipments for passenger, light truck and truck tyres are expected to increase by 1%, 4.6% and 23.3%, respectively, with a total…
Cabot completes acquisition of Tokai carbon black plant in China
Carbon black supplier Cabot Corporation says that it has completed its previously announced acquisition of Tokai Carbon (Tianjin) Co., Ltd from Tokai Carbon Group. The acquisition expands Cabot’s manufacturing capacity to support the growth of its battery materials product line,…
Pirelli adjusting costs against Ukraine/Russia conflict
Against the back of the Ukraine/Russia conflict, Italian tyre maker Pirelli has reassured it is taking steps to offset higher costs as well as the impact of the crisis, and had a contingency plan ready were the situation to worsen. Pirelli…
Cabot expands elastomer composites to retreading of OTR tyres
Carbon black manufacturer Cabot Corporation has expanded its Engineered Elastomer Composites (E2C) product line for use in retreading applications for off-the-road (OTR) tyres. Enabled by propriety process technology that mixes reinforcing carbons into elastomers, E2C solutions for the OTR tyre retreading application are…