The Sabah government will introduce the use of rubber in paving roads and ‘green tyres’ as a long-term strategy to address the issue of low rubber prices, said Deputy Chief Minister Datuk Seri Yahya Hussin. Yahya, who is also Sabah…
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Hainan sets up R&D center for crude rubber
A global research and development center for natural rubber has been established in south China’s Hainan Province. The center, set up Saturday by Chinese and global organizations in Hainan’s Boao, aims to develop a new market for China’s crude rubber…
Michelin to sell stake in Double Coin jv
French tyre-maker Michelin has reached an agreement to sell 40% of its shares in the Chinese joint venture Double Coin (Anhui) Warrior Tire Co. Michelin said it would sell 30% of its stake to Shanghai Huayi Group Corp. Ltd. while…
Honda China JVs to recall 254,650 vehicles starting in January
Honda Motor Co’s joint-venture companies in China will recall a total of 254,650 Honda-brand vehicles starting on Jan. 8, 2018, the Japanese automaker said. The recall is to repair faulty rear-view mirrors on the doors of Honda car models sold…
Three large scale projects to generate RM520 Million in revenue for Kedah, Malaysia
The Malaysian state of Kedah is expected to generate a revenue of about RM520 million via three large scale development projects currently in the pipeline, the State Legislative Assembly sitting was told today. State Industry and Investment, Domestic Trade, Cooperatives…
Supermax Q1 PBT rises 53.5 % to RM40.66 million
Supermax Corporation Bhd’s pre-tax profit for the first quarter ended Sept 30, 2017 jumped 53.5 % to RM40.66 million compared with RM26.49 million recorded in corresponding quarter last year. Revenue increased 16 % to RM312.02 million from RM269.0 million registered,…
Halcyon Agri to purchase RCMA Group Pte Ltd‘sPolymer Division for US$33.8 million
Halcyon Agri Corporation Limited, one of the world’s largest natural rubber supply chain managers, has entered into an agreement with RCMA Group Pte Ltd to acquire the assets and entities of its Polymer Division for up to US$33.8 million. The…
Driverless cars set for UK budget boost: finance ministry
British finance minister Philip Hammond’s budget statement this week will include measures to encourage the development of driverless and electric cars, artificial intelligence and telecommunications, the finance ministry said. Hammond is under pressure to turn around the fortunes of Prime…
Continental starts construction of “Taraxagum Lab Anklam” research and test laboratory
Continental Reifen Deutschland GmbH today marked the start of construction of its “Taraxagum Lab Anklam” research and test laboratory in Mecklenburg-Western Pomerania with a traditional ground-breaking ceremony. Among those present were the Minister of Economics of the State of Mecklenburg-Western Pomerania, Harry…
Semperit and Shaw Almex to end cooperation agreement for the North American conveyor belt market
Sempertrans USA LLC and Shaw Almex Industries Ltd. Has agreed to end their cooperation agreement for the North American conveyor belt market which was started in 2016. Sempertrans USA has set up a sales and distribution organization for conveyor belts…