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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.
IT is easy to understand why Tan Sri Abdul Khalid Ibrahim spends a lot of time thinking about the plantation business. He joined a select group of the industry's most influential figures when he became group chief executive of Kumpulan Guthrie Bhd in 1994.
The National Union of Plantation Workers (NUPW) has achieved one of its long cherished goals: to secure a minimum monthly pay for its members. But the woes of rubber tappers go beyond minimum wage, writes Wong Sulong.
SIME Darby Bhd reported yesterday an 11.3% higher pre-tax profit, helped mainly by a strong surge in palm oil products prices, which had boosted earnings from the group's plantation sector.
Malaysia, Thailand and Indonesia have formally set up the Tripartite International Rubber Corporation after discussing the viability of establishing the consortium for over a year.
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.
TITAN Petrochemicals and Polymers Bhd, which has invested a total of RM5.5bil in its petrochemical facilities in Johor to date, plans to spend a further US$70mil (RM266mil) in the next two to three years to increase capacity and product range.
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.
SEAL Polymer Industries Bhd (SPIB), a manufacturer of premium quality examination gloves, is not really affected by the increasing price of natural rubber, said managing director Cheang Phoy Ken.
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.