Malaysian glove maker Rubberex Corporation (M) Bhd (RCB) is acquiring Reszon Diagnostics International Sdn Bhd (RDI) for RM180 million. It is acquiring 500,000 shares in RDI, which will be satisfied via a combination of cash and shares of RCB, subjected…
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Malaysian glove sector committed to ILO standards
The Malaysian Rubber Gloves Manufacturers Association (MARGMA) says it is committed to total compliance regarding labour issues in the sector, especially in meeting the International Labour Organisation’s (ILO) requirements. This was stated by MARGMA President Dr Supramaniam Shamugan who also added that…
Recycled tyres use in bitumen helps lifespan of roads
In new research conducted by RMIT University in Australia it was found that rubber from used tyres in the composition of asphalt, halves the rate of sun damage. Researchers say that this mix acts like sunscreen for roads and reduces the…
Birla to expand carbon black capacity by 200 kt
Indian carbon black supplier Birla Carbon has announced an additional 200 kilotonnes/year capacity expansion across key markets. Based on customer demand and feedback, the expansion will cover strategic markets in Europe, India, and China in support of both rubber and specialty applications. The expansions…
Orion to increase gas black capacity in Germany by 2023
US-based carbon black supplier Orion Engineered Carbons says that it will complete its gas black expansion in Germany at plants in Dortmund and Cologne by early 2023. Orion is the only carbon black producer in the industry with gas black…
Wacker to expand silicon metal production in Norway
German chemical firm Wacker Chemie AG is preparing to expand its production capacity for silicon metal at Holla, Norway. The Munich-based chemical company has already started a feasibility study to this effect. The construction of a new furnace is planned,…
Seng Fong to be listed on Malaysian market
Malaysian rubber processor Seng Fong Holdings Berhad, which is also trading Standard Malaysia Rubber (SMR) and premium grade block rubber, says that it has entered into an underwriting agreement with Hong Leong Investment Bank Berhad (HLIB) for its upcoming initial…
Wacker earmarks EUR100 mn for capacity increase of silicone rubber
To meet growing demand for silicone rubber, German firm Wacker Chemie AG is accelerating the expansion of its production capacities. Investment projects to this end are either in the planning stage or are nearing completion. Significant capacity expansions for liquid silicone rubber (LSR)…
Nynas to focus on European markets
Chemical firm Nynas says it is now taking strategic steps to strengthen its competitiveness in core markets. It will create a business footprint focusing on customers in the naphthenics and bitumen market in Europe, and significantly improve efficiency to deliver a competitive customer experience. Furthermore,…
Tatneft sells tyre business
Russian petchem giant PJSC Tatneft says it has sold the tyre business of Tatneft Group, which it has owned for 20 years, to AO Tatneftekhiminvest-holding, which is not a member of Tatneft Group, due to the current situation. Terms were not disclosed The transaction…