KUALA LUMPUR – Glove manufacturer Supermax Corp Bhd is projecting between 20 per cent and 30 per cent sales growth this year, boosted by stabilised rubber prices and manufacturing expansion plans. For the financial year ended December 31, 2011, the…
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Thailand approves US$472 million plan to support rubber prices: reports
THAILAND has approved a plan worth Baht 15 billion ($472 million) to buy 200,000 mt of natural rubber from local growers, news reports said Tuesday. The plan is aimed at supporting local natural rubber prices at Baht 120/kg. On Tuesday,…
M’sian rubber mart expected to see better performance
KUALA LUMPUR – The Malaysian rubber market is expected to see a better performance in anticipation of limited supply in the commodity, dealers said. A dealer said the wet weather in rubber producing countries, particularly in Southern Thailand, would cause…
Top Glove eyes 30% global market
PETALING JAYA – Glove maker Top Glove Corp Bhd expects to grow its global market share to 30% from 26.7% by the end of the year. “The global market volume consists of 150 billion pieces of gloves per year. Top…
Cabinet authorizes BAAC to lend THB17Bil to prop up rubber prices
THAILAND – The Cabinet has green-lighted a special project to prop up local rubber price. Deputy government spokesman Anusorn Eiamsaard said that, at its weekly meeting, the Cabinet has resolved to approve a rubber-price support measure, as proposed by the…
Chiangrai farmers starting to grow rubber trees
THAILAND – Many farmers, lured by hearty annual returns of 800,000 baht per 20 rai, have abandoned rice for rubber farming across the North, Northeast and East. Some formerly debt-ridden landowners have been able to pay off their loans after…
Ford recalls 450,426 Minivans and SUVs
MICH., U.S. – Ford Motor Co. said recently that it’s recalling nearly half a million minivans and SUVs because of a pair of mechanical issues. The Dearborn, Mich.-based automaker is recalling 205,896 Freestar and Mercury Monterey minivans made during the…
Pirelli targeting even more entertainment with 2012 tyres
AHEAD of their second season as Formula One’s sole supplier, Pirelli have presented the new tyres that will be used in 2012. The key characteristics of the new rubber – developed together with the teams in response to the latest…
Surplus production to put pressure on natural rubber prices in 2012
JAKARTA – Natural Rubber is expected to move from deficit to surplus in 2012, which would put downward pressure on prices. The global surplus rubber is estimated at 413,000 tonnes in 2012 from 87,000 tonne shortage in 2011, slowing growth…
Rubber Research Group, Limited announces LoI to purchase Hi-Tek Rubber
MN, U.S. – Rubber Research, Inc., a wholly owned subsidiary of Rubber Research Group, Limited (RRG) is pleased to announce the signing of a Letter of Intent with Hi-Tek Rubber, Inc. This letter confirms the intent of RRG to purchase…