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Leading rubber glove manufacturer Top Glove Sdn Bhd believes that prices could go up as much as 10% for gloves in view of the rising price trends for latex concentrate and crude oil, both of which are key components in natural rubber and synthetic rubber gloves.
KUALA LUMPUR: Petronas, Malaysia’s national oil and gas company, and Versalis, Eni’s chemical subsidiary and a global leader in the elastomers industry, have signed a shareholders’ agreement to set up a joint venture company that will manufacture, sell and market elastomers produced within Petronas’ proposed Refinery and Petrochemical Integrated Development (Rapid) complex in Pengerang, Johor, Malaysia.
Rubber glove manufacturers are expected to deliver a fairly bouncy growth for the June quarter in spite of record latex and synthetic rubber prices.
KUALA LUMPUR: KNM Group Bhd has secured a US$43mil (RM175mil) contract to build a plant at Tanjung Langsat Port, Johor to produce carcinogen-free (green) rubber process oils for synthetic rubber and tyre industries.
BEIJING: China said yesterday it would extend for five years existing anti-dumping duties on a type of synthetic rubber imported from Japan, the European Union and the United States.
PETALING JAYA: Petronas Chemicals Group Bhd (PetChem) has slashed its investment in the Refinery and Petrochemicals Integrated Development (Rapid) project by one-third over concerns on the future prospects of the synthetic rubber segment.
RESEARCHERS at Flinders University in Adelaide, Australia have received government funding to test a new neoprene -- a synthetic rubber commonly used in wetsuits -- against the force of a bite from several species, including the great white shark.
Being a novice did not stop this young Malaysian from plunging into the business world with a swimwear line for children.
THE war in Iraq is certainly taking a toll on the rubber glove industry. Whereas rising latex prices were pretty much the main concern over the last five quarters, the recent standoff followed by the outbreak of war in the Middle East has led to further increases in production costs.
KUALA LUMPUR: The market and demand for gloves is still very strong and the industry is expecting a better third and fourth quarter, according to Malaysian Rubber Glove Manufacturers Association (Margma)