Malaysia is using more wood from oil palm and rubber trees as raw materials due to their versatility and durability. The move away from hardwood timber was also in line with efforts to conserve the country’s natural forests, said Malaysian…
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Vietnam prosecutes former state rubber firm chairman amid corruption crackdown
A former chairman of state-run Vietnam Rubber Group (VRG) and four other officials from its units have been issued with prosecution and probation orders for alleged violations of state rules, Vietnamese police said. Communist Vietnam is in the middle of…
India’s rubber farmers seek early transfer of aid
The distribution of benefits under the Rubber Production Incentive Scheme of the State government to support farmers during the price fall of the commodity has come to a standstill, affecting hundreds of farmers in the rural areas of Kozhikode. The…
Rubber prices in Thailand slip, ex-Democrat Party leader Chuan Leekpai petitions PM
Former prime minister and ex-Democrat Party leader Chuan Leekpai has appealed to premier Prayut Chan-o-cha to address falling household income in the South. The petition was lodged to Gen Prayut via his deputy Wissanu Krea-ngam. Based on Chuan’s petition, the…
Malaysia, Thailand and Indonesia implements fifth Agreed Export Tonnage Scheme (AETS) which would restrict natural rubber exports
Malaysia, Thailand and Indonesia have agreed to implement the fifth Agreed Export Tonnage Scheme (AETS) beginning tomorrow (Friday). In a statement, the International Tripartite Rubber Council (ITRC) said under the scheme, the three ITRC member countries would restrict exports of…
Shares of Malaysian glove makers take a tumble due to looming gas price hike
Shares in Malaysian rubber glove makers have seen a dip after the government announced it will increase natural gas price by 22.9%. Shares in Supermax Corp Bhd dipped as much as 5.26% or 10 sen to RM1.80, before recouping slightly…
Halcyon Agri Corporation buying four Indonesian crumb rubber factories for US$105.3 million cash.
Natural rubber supplier Halcyon Agri Corporation is buying four Indonesian crumb rubber factories for S$105.3 million in cash. The group said that a memorandum of agreement it entered into on Dec 5 with the vendors – Liauw Chiang Sioe and…
Quang Tri inks rubber plantation contract with Laos
Quang Tri Rubber Company under the Vietnam Rubber Group (VRG) has inked a land leasing contract with the Lao Government for a rubber plantation and a rubber processing plant in Laos’ southern province of Salavan. Speaking at the signing ceremony…
India’s natural rubber sees “grim” outlook
Tyre makers in India have termed as “grim” the continuing shortfall of natural rubber in the domestic market. They said the industry is being forced to import natural rubber, which is driving up costs amid the ongoing peak season in…
Orion Engineered Carbons introduces new specialty carbon black production line in Korea
Orion Engineered Carbons, a worldwide supplier of specialty and high-performance Carbon Black, announced today that it has completed construction of a new Carbon Black production line at its plant in Yeosu, South Korea, to produce specialty products. The line started…