Malaysian glovemaker Hartalega’s net profit for the third quarter ended Dec 31, 2017 jumped 70% to RM113.02mil compared to the previous corresponding quarter, driven by higher sales and improvement in production capacity. The company said in a filing with Bursa…
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Bridgestone launches an ethical guideline called the Global Sustainable Procurement Policy
Bridgestone Corporation, the world’s largest tyre and rubber company, today announced a new Global Sustainable Procurement Policy to help identify and evaluate qualified suppliers, promote best practices, and serve as a communication and improvement tool for the industry. The policy…
Goodyear cuts 2020 forecast as raw material costs rise
Goodyear Tire & Rubber Co recently cut its 2020 forecast for combined earnings of its three units amid higher prices for raw materials, overshadowing better-than-expected quarterly profit and revenue. About two-thirds of Goodyear’s raw materials are oil-based derivatives and the…
Malaysia’s rubber industry shone in 2017 with export up 30.2 % to RM32.3 billion – minister
Minister of Plantation Industries and Commodities Datuk Seri Mah Siew Keong said recently that Malaysia’s natural rubber and rubber-based products were the ‘stars’ in 2017, with export up 30.2 % to RM32.3 billion. He said the other commodities, such as…
More than 500,000 vehicles by Ford’s China joint venture to be recalled for brake-related issues
Ford Motor’s China joint venture will recall more than half a million vehicles due to brake-related issues. The recall, which will start from Feb. 25, is linked to issues with materials used for brake hoses that could affect braking distances,…
Daimler, Bosch to test self-driving cars soon
Daimler and automotive supplier Robert Bosch will start testing self-driving so-called robo-taxis in the next few months, its senior executives said. Mercedes-Benz owner Daimler and Bosch teamed up last year to develop self-driving cars in an alliance aimed at accelerating…
Showa Holdings completes MOU regarding business tie-up for rubber lining in Vietnam
In November 2017, Showa Brain Navi Vietnam Co., Ltd, the subsidiary of Showa Holdings engaging in rubber and entertainment contents business completed a memorandum of understanding (MOU) on collaboration in the provision of rubber lining business in Vietnam with PetroVietnam…
Fiat Chrysler to slash Mirafiori plant production by 60 % until July – union
Fiat Chrysler will cut working hours at its Mirafiori plant in Turin, Italy by almost 60 % until July, the FIOM union said The plant mainly produces the luxury Maserati Levante sport utility vehicle. FCA already halted production of the…
Aurora to supply self-driving system to China’s electric vehicle start-up Byton
U.S. autonomous driving start-up Aurora has added Chinese electric vehicle maker Byton to its growing list of clients for self-driving systems, Byton recently. This marks the latest partnership between automakers and tech companies. China’s Byton – a newcomer co-founded by…
Arlanxeo launches Keltan KSA – EPDM rubbers produced in Saudi Arabia
Arlanxeo, a leading synthetic elastomers company has signed an agreement with Saudi Aramco Products Trading company, headquartered in Dhahran, the Kingdom of Saudi Arabia, pertaining to the marketing and sales of EPDM (Ethylene Propylene Diene Monomer) rubber. By entering into…