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LAUNCESTON, Australia: Pop quiz. Of the major commodities where China is the world's biggest buyer, which has seen the largest increase in imports so far this year? The answer is rubber, both natural and synthetic.
Despite strong Chinese demand, rubber prices are likely to struggle, with demand-led gains an extremely slow process, until the major producers can convince the market that they are serious about lowering output.
From PROFESSOR DATUK DR AHMAD IBRAHIM, Fellow Academy of Sciences Malaysia, UCSI University.
TOKYO: Rubber plantations from Indonesia to Ivory Coast will tap a global crop this year that will create the biggest glut since at least 2004, cutting costs for Bridgestone Corp, Michelin & Cie. and other tyre makers.
GLOVE makers faced a triple whammy last year in the form of higher latex price and an upward revision in gas and power rates. To offset the rising production cost, they raised the prices of their products three times.
AFTER a one-year delay caused by land issues, industrial hose manufacturer Wellcall Holdings Bhd’s third factory, its largest investment to-date, is going full steam ahead.
Latex gloves are now everywhere, including homes and restaurants.
PETALING JAYA: Top world rubber producers at the current International Tripartite Rubber Council (ITRC) meeting in Bandung, Indonesia, will need to reach full agreement on the “alert, trigger and defence” pricing mechanism to ensure natural rubber stays stable and curb the current downtrend in prices.
AKN Technology Bhd (AKN Tech), formerly an electronics lead frame manufacturer, successfully changed its core business to the production of coating chemicals for glove makers, enabling it to post markedly higher earnings.
EVERGREEN Fibreboard Bhd is controlled by the Kuo family who were originally from Taiwan but who have since become Singaporeans.