Malaysian rubber glove manufacturer Top Glove is expanding into the condom business with a RM75-million investment, according to the company’s founder Tan Sri Lim Wee Chai, adding that it’s a flourishing business to expand into since price-earnings valuations for the…
Category: Investments
Freudenberg plans new site in India; EUR15 million investment
Diversified technology company that produces seals and nonwovens to household products and lubricants, Freudenberg, continues to expand its activities in Asia. The group will start with the construction of a new production facility in autumn 2017 in Chennai, India, producing…
Dow to proceed with coatings and silicones investments in Saudi Arabia
US-based chemicals firm Dow Chemical has signed an agreement to construct a manufacturing facility to produce a range of polymers for coatings and water-treatment applications, and a MOU for a feasibility study related to a proposed investment in the company’s…
Malaysia rubber glove exports hit RM4 bn in Q1 2017
Malaysia exported more than RM4 billion worth of rubber gloves in the first quarter of 2017, showing a 26% increase compared to the first quarter of 2016, which recorded RM3.2billion in sales. The country’s rubber products are currently exported to…
Sri Trang to invest 2bn Baht to expand annual rubber production capacity
Thailand-based Sri Trang Agro-Industry PCL, the world’s largest fully integrated natural rubber company, will be investing around 2 billion Baht to increase its annual rubber production capacity from last year’s 2.4 million tonnes to 2.9 million tonnes this year. “The…
Finnish tyre maker Nokian to boost growth with new US$360 mn US plant
Finnish tyre manufacturer Nokian Tyres will be building its third factory in the US in order to boost growth outside of European market as its shares slid more than 6% as quarterly profit missed expectations. The new greenfield factory will…
Indian rubber companies investing in synthetic rubber as demand rises
Rubber companies in India are starting to invest in synthetic rubber, building on the recently added capacity of about 270,000 tonnes a year, as demand for the commodity rises. Tyre manufacturers are also calling on them to start producing Solutions…
Lanxess invests EUR100 million for aromatic compounds/rubber chemicals
Speciality chemicals company Lanxess is continuing to target growth. During the next three years, its business unit Advanced Industrial Intermediates will be investing some EUR100 million in expanding production facilities for chemical intermediates. Around EUR40 million each will be invested…
Indorama invests US$25 mn to expand rubber glove capacity, production
Polyester powerhouse Indorama has invested US$25 million to expand the capacity of its subsidiary, PT Medisafe Technologies, which produces rubber gloves. The investment will allow Medisafe to build its sixth plant at its North Sumatra complex, which has existed since…
Synthomer invests EUR20 mn in dispersion plant, capacity expansions
UK-based chemicals business Synthomer, one of the world’s leading suppliers of waterborne dispersions and specialty polymers, is investing EUR20 million for the expansion and improvement of its dispersion plant located in Worms, Germany. This will strengthen the company’s continuous growth…