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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.
PETALING JAYA: Commodity prices surged yesterday, with crude palm oil (CPO) price on Bursa Derivatives up by almost 5% in a day, as rising speculative momentum pushed prices of basic raw materials from crude oil to copper to new multiple-months' highs.
KLANG-BASED Kossan Rubber Industries Bhd is gearing up for full production, including from its new glove lines; it is confident it has found buyers for the increased output.
PETALING JAYA: The worlds largest glovemaker, Top Glove Corp Bhd, will spend about RM40mil this year to upgrade its production lines as part of a strategy to mitigate the effects arising from the minimum wage to be implemented in the beginning of next year.
Although tyres still look pretty much the same - black and round - as when John Dunlop invented the pneumatic tyre in 1888, much has changed, and continues to change.
Conditions are ripe in the plantations industry for surprisingly strong earnings in the first quarter as high palm oil prices are enhanced by a large increase in the output of palm oil fruits.