Glove prices to go up; Margma expects record revenue

Malaysian Rubber Glove Manufacturers Association (Margma) president Denis Low Jau Foo said that the members would tweak their prices to match up with rising cost and this could see the price rising by about US$1 to US$1.50 per 1,000 pieces of gloves, a news report on...

GRI opens new specialty tyre factory in Badalgama, Sri Lanka

Global Rubber Industries Private Ltd(GRI), a leading solid tyre manufacturing company in Sri Lanka, has ventured into the manufacture of Pneumatic Specialty Tyres (Agriculture -radial and Industrial and OTR-bias) for the export market. GRI has invested $ 40 million in...

LANXESS expects record earnings in 2017

Specialty chemicals company LANXESS expects highest earnings in its history following an excellent third quarter of 2017. Global sales increased by 25.1% to EUR 2.4 billion from EUR 1.9 billion during the same period last year. EBITDA pre exceptionals improved by 35%...

BKT sets up new R&D centre at Bhuj, India

BKT has opened its new Research & Development Centre at Bhuj in Gujarat, India. The Center has been named ‘Suresh Poddar Innovation Hub’ in honour of Suresh, the eldest of the Poddar brothers. It is situated within an area of 25 acres called the ‘Mahabirprasad...

LANXESS expands its CSR outreach in Nagda, India

LANXESS India Private Limited, the leading speciality chemicals company, has taken another major step towards creating a sustainable environment in and around Nagda, Madhya Pradesh, India by undertaking three projects as part of its Corporate Social Responsibility...

Semperit Group expands facility in Odry, Czech Republic

Speciality rubber products firm Semperit Group has further expanded the Semperflex Optimit in Odry, Czech Republic. The company invested 20 million euros in the latest expansion of the hydraulic hose production, enhancing the capacities in Europe’s largest hose...