AmResearch has maintained its Buy rating on Kossan Rubber Industries Bhd at RM4.09 with a higher fair value of RM5.05 (from RM3.80), and said although Kossan’s share price had performed exceedingly well in the last year, the stock had further…
Category: Investments
Vajra Rubber Products, an investment of Core International, achieves rare API Q certification in India
HOUSTON -Vajra Rubber Products (P) Limited (“Vajra”), an investment of Houston-based Core International, LLC (“Core”), earned the rare ISO/TS 29001:2010 Total Quality Management Systems certification (“API Q”) at the end of December 2013. Core and its subsidiaries provide engineered rubber…
Rubber imports by India climbing to record as supply shrinks
Natural rubber imports by India, the world’s third-biggest consumer, will surge to a record this year after monsoon rains cut production and as tiremakers increased purchases because of a decline in global costs. Shipments will probably climb 38 percent to…
Wacker opens expanded Kolkata technical centre for silicones
THE MUNICH-based chemical company, Wacker, recently opened its expanded technical centre for silicone products, located at Amtala near Kolkata. Operated by the joint venture Wacker Metroark Chemicals, the regional centre now comprises state-of-the-art applications technology and test equipment for silicone…
Rubber separator maker Microporous goes independent
TENNESSEE-headquartered Microporous, a manufacturer and supplier of high performance rubber, polyethylene (PE) and hybrid battery separators, has been completely acquired by Seven Mile Capital Partners, making Microporous a fully independent company and will compete directly with the Daramic division of…
Indonesian palm oil producer expands into rubber
THIS YEAR< Indonesian palm oil producer PT Sampoerna Agro plans to cultivate up to 3,000 hectares of rubber, aside from planting up to 10,000 hectares of land for palm and 2,000 hectares for sago, according to a report by Reuters,…
Alaska Rubber acquires new sites in Washington
US hose and fittings supplier, Alaska Rubber Group has acquired five additional locations in Washington state. The Group, which consists of three locations within Alaska, namely, Anchorage, Fairbanks, and Wasilla, has bought the five additional locations that used to be…
Cooper moves on and away from merger deal with Apollo Tyres
US tyre maker Cooper Tire & Rubber Co recently announced that it has dropped out from the merger agreement it waxed in early June of 2013 with Indian tyre maker, Apollo. After a series of disputes over the US$2.5 billion…
Freudenberg clinches Ansell’s Marigold rubber gloves
GERMAN-owned Freudenberg Home and Cleaning Solutions (FHCS), has acquired glove maker Ansell’s Marigold household glove and cleaning products business, which reportedly posts annual sales of around EUR17 million. The deal entitles FHCS to own the global trademark rights for Marigold…
Rubberex quits glove business deal with Alliance Rubber
MALAYSIA-based Rubberex Corporation has recently cancelled a proposed corporate exercise involving the purchase of glove business for RM113mil from Alliance Rubber Products Sdn Bhd. Rubberex announced that the deal involving the acquisition of the glove business and all the production…