Rubber glove makers are recording higher sales, especially Malaysian company Top Glove. CIMB Research in a note upgraded its call on Top Glove Corp Bhd to buy with a substantially higher target price after the world’s biggest glove maker reported…
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Malaysian rubber gloves export to reach all-time high
Shares in major rubber glove-producing companies increased as the industry projected a sharp jump in export sales this year following supply cuts from rivals in China. The Malaysian Rubber Glove Manufacturers Association (Margma), in a statement yesterday, said it had…
Top Glove earnings up 51 %; announces M&As
Malaysian company Top Glove Corporation Berhad has announced that its earning has increased by 51% for the fourth quarter ended Aug 31, 2017 at RM98.62mil. It also announced plans to increase production and explore inorganic expansion via mergers and acquisitions.…
Freudenberg invests in Household gloves
Freudenberg, the global technology company is further expanding its household products business area. Freudenberg Household Products LP, known in the US for its leading floor care brand O-Cedar, has today signed a final agreement to acquire the Playtex Gloves business…
Rubberised roads to boost domestic rubber usage, stabilise price
Malaysia is set to be a leader in the construction of rubberised roads. The technology is expected to be fully commercialised sometime next year, a move that will be welcomed by the 440,000 rubber smallholders in the country as it…
Michelin doubling up the capacity of its Chennai truck tyre plant
Michelin has announced that it is doubling up the capacity of its truck tyre plant which is located in northern Chennai. The company now makes nearly 15,000 tonnes of tyres a year at the plant. “We will double this to…
Carlisle Companies to buy Accella for US$670 million cash
Carlisle Companies Incorporated has entered into a definitive purchase agreement to buy Accella Performance Materials, the premier specialty polyurethane platform, from Arsenal Capital Partners for US$670 million in cash. Accella Performance Materials offers a wide range of polyurethane products and solutions across a broad diversity…
First Malaysian village to get rubberised road
Kampung Sungai Kerawaiin TelukIntan, Perak, has become the first rural village in the country to get a rubberised road. Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said despite the high initial cost for the one-kilometre road, maintenance…
Chief Minister: Felda has improved 1500 poor households in Perlis state
The opening of three Felda settlements in Perlis in 1980s had changed and transformed the socio-economic status of over 1,500 poor households in the state, according to Chief Minister Datuk Seri Azlan Man. He said the Felda settlements, which were…
Saudi Aramco and Petronas team up for better strategic positioning in Johor
Saudi Aramco has entered into a strategic partnership with Petronas Chemicals Group Berhad (PCG) to improve its positioning of its petrochemicals projects within the Petronas Pengerang Integrated Complex (PIC) in the southern Malaysian state of Johor. The partnership marks a…