The Malaysian Rubber Glove Manufacturers Association (Margma) predicts that the rubber glove industry’s performance this year will perform well, with revenue expected to grow by 16 % year-on-year to RM18.8 billion. Margma Committee Member, Datuk Lee Kim Meow, said the…
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Omsk Carbon Group to launch first stage of its plant in Belarus soon
The Omsk Carbon Group is expected to launch its first stage of its plant in Belarus soon. A working meeting between OCG management and the Vice Premier Minister of Belarus Vladimir Semashko had initially taken place on February 3 in…
Malaysia’s natural rubber production falls
The Malaysian Department of Statistics announced recently that natural rubber production fell 2.0 % in January 2018 to 65,792 tonnes from 67,101 tonnes produced in the previous month. Stocks rose 10.5 % to 254,525 tonnes at the end of January…
Industrial rubber market worth US$33.82 billion by 2022 – report
The report “Industrial Rubber Market by Application (Automotive, Building & Construction, Industrial Manufacturing, Polymer Modification, Wire & Cable, Electrical & Electronics, Bitumen Modification), Type, Product, and Region – Global Forecast to 2022” has recently been published by MarketsandMarkets. The report states that the industrial…
Top Glove’s Q2 net profit soars 32% to reach RM110 million
Malaysian company Top Glove Corporation Berhad’s net profit for the second quarter ended February 28, 2018, rose by 32.2 % year-on-year to a soaring RM109.99 million. Revenue increased to RM958.44 million from RM851.54 million a year earlier, as sales volume…
Third quarter earnings of BAuto rise more than 60%; its shares jumped too
BAuto saw its shares ended 14 sen higher to RM2.16. This was after the company’s third quarter earnings soared more than 60%. BAuto is the official distributor of Mazda cars in Malaysia. RHB Research attributed this to robust Mazda sales…
Domestic rubber market is positive as demand for rubber gloves rise – Affin Hwang Capital Research
Strong demand for rubber gloves is driving the domestic rubber products market, Affin Hwang Capital Research said. The firm has told its clients to buy Supermax Corp Bhd. It also said that the vinyl supply disruption in China would drive long-term…
Kossan Rubber to buy two plots of land in Mukim Bidor, Perak
Kossan Rubber Industries Bhd has entered into a sale and purchase agreement with Perbadanan Kemajuan Negeri Perak. The agreement is to purchase two plots of land for a total of RM82.4 million The land stretches for 824.1 acres and is…
Pirelli introduces its cyber car
After 20 years of pursuing the creation of intelligent tyres and working with organisations such as Milan Polytechnic Foundation for Smart Mobility and Berkeley Wireless Research Center, tyre-maker Pirelli has gathered its knowledge and technology to create a cyber car.…
Maxxis launches first manufacturing factory in India
Taiwanese tyre-maker Maxxis has launched its first manufacturing plant in India, increasing the competition in the tyre industry. This came after four years the company entered the Indian market. Maxxis is a unit of Taipei-listed Cheng Shin Rubber Industry. It…