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KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) and Italian oil company Eni’s chemical unit say they have inked a joint-venture agreement to make synthetic rubber in Malaysia.
BEIJING (Reuters) - China's Ministry of Commerce said on Friday it would levy anti-dumping duties ranging from 23.1 percent to 75.5 percent on halogenated butyl rubber from the United States, the European Union and Singapore starting from Aug 20.
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.
The price of rubber has managed to remain relatively steady despite a steep correction in prices of other commodities due to burgeoning demand. An increase in the consumption of rubber as well as high prices of crude oil, which is used to make synthetic rubber, had pushed up natural rubber prices in recent months, experts said.
LONDON: Lanxess AG and Saudi Arabian Oil Co said they will form a 2.75 billion-euro (US$3.1bil) venture to draw on the Middle East company’s access to raw materials and make a struggling synthetic-rubber division more competitive.