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GROWING from strength to strength over the past 12 years, Top Glove Corp Bhd is fondly dubbed by analysts as the 'Latex Jewel' group purely for its solid foundation, as well as consistent revenue and earnings growth.
Upgrading to high-tech manufacturingof medical devices on Thai’s mind
KUALA LUMPUR: Malaysia continues to dominate the world rubber gloves market by capturing about 60.8% of total world exports last year and is clearly ahead of its closest competitors. It is followed by Thailand at 16.8%, China 6.7% and Indonesia 5.1%, a conference was told yesterday.
MUHIBBAH Engineering has received a contract from Tecnicas Reunidas SA Group to design and build temporary construction facilities and accommodation camp for Package 3 at the Refinery and Petrochemicals Integrated Development (Rapid) project for US$32mil (RM116mil).
THE profit margins of major glove makers have been under intense pressure for a few months now due to the rising cost of raw materials, in particular, natural rubber or latex. The situation, however, is not expected to last much longer.
Malaysian rubber prices are expected to ease below RM5 a kg this week should the downtrend in the rubber markets in Tokyo and Singapore as well as the weak crude oil prices prolong.
World rubber prices closed firmer yesterday in line with the rally in crude oil price, which hit above US$81 a barrel on the New York Mercantile Exchange.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) is in talks with several global oil majors including Shell and Exxon Mobil to develop petrochemical plants within its US$20bil refinery complex in Johor, two sources with direct knowledge of the matter said.
Natural rubber futures in Tokyo climbed to a 28-year high yesterday as crude oil surged to a record above US$141 per barrel.
MARDEC Bhd will increase it annual production of natural rubber to 250,000 tonnes by next year in view of the rising trend in the commodity#8217;s price, group chief executive Datuk Dr Mahmood Abdul Kadir said.