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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.
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.
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.