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AKN Technology Bhd (AKN Tech), which yesterday posted a net loss of RM14.2mil or a loss of 12.25 sen a share for its second quarter ended Sept 30, announced it was planning to buy a chemical coating supplier to the rubber glove industry to diversify its business away from the volatile semiconductor industry.
TOP Glove Corp Bhd plans to rapidly ramp up capacity at its relatively new synthetic rubber glove manufacturing division in China to replicate the group's achievement in the natural rubber glove sector. 'We have just bought 30 acres in China for the expansion,' executive chairman Datuk Dr Lim Wee Chai told I>StarBiz/Iat a meeting in his office in Klang.
As the haze thickened in Port Klang, which has been declared a haze emergency area, factories in the industrial belt of Klang are expected to remain in production as it has not come under an emergency yet.
WHILE most rubber industry players are struggling to survive the impact of rising costs, given escalating prices of basic raw materials like SMR 20 and bulk latex, several listed rubber product companies contacted by I>StarBiz/Ihave expressed optimism they would maintain their net profit margins going forward.