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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.
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.
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.