Supermax Corp Bhd, which has earmarked around RM3.9 billion for the rubber glove maker's expansion, said on Monday (Oct 31) about RM1.3 billion has been set aside for the group’s expansion plans in Malaysia and a further US$550 million (RM2.6 billion) allocated for phase one and phase two of its manufacturing project in the US.
Bursa Malaysia's Health Care index rose more than 3% past 1,600 points to its highest in over two months, helped mainly by the rise in share prices of rubber glove manufacturers, including Top Glove Corp Bhd, Hartalega Holdings Bhd, Supermax Corp Bhd and Kossan Rubber Industries Bhd.
Hartalega Holdings Bhd has formed a non-exclusive partnership with US-based United Global Trading Corp (UGTC) which will import and distribute Hartalega’s nitrile or synthetic rubber gloves tested for use with chemotherapy drugs and fentanyl, to meeok sygt the demands of the North American market, according to UGTC.
Malaysia’s Green Space Industries Ltd has signed a memorandum of understanding (MOU) with the United Kingdom’s Cranfield University and Levidian Nanosystem Ltd to collaborate on the advancement of rubber technology, said the Malaysian Rubber Council (MRC).
The Northern Corridor Implementation Authority (NCIA) has signed a memorandum of understanding (MoU) with the Ministry of Industry Indonesia (MOI) and the Rubber Authority of Thailand (RAOT) to firm up the commitment to jointly develop rubber cities at the 28th Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) Ministerial Meeting today.
Malaysia is focusing on the ASEAN developing countries to support Malaysia's rubber sector as there is global demand for local rubber, said Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin.
Total exports of rubber products in the first half of 2022 was RM15.626 billion compared to RM39.826 billion in the first half of 2021. Meanwhile, the export of rubber in 2021 was RM4.563 billion and with the increase of 1.01% for year 2022, this totaled the numbers to RM4.609 billion.
The Malaysian Rubber Council (MRC) was awarded with The BrandLaureate BestBrands Awards 2021–2022 – Nation’s Pride in Promotion of Rubber & Rubber Products, recognised for its leadership and commitment in building MRC’s branding to be a greater and more successful brand alongside other prominent names under the same award category such as Bank Islam, UMW, KL Tower Malaysia, Bonia and Institut Jantung Negara, to name a few.
Malaysian Rubber Council (MRC) was selected as the Council of the Year for the Sustainability & CSR Malaysia Awards 2022 under the Excellence in Sustainability Reporting & CSR Initiatives category, organised by CSR Malaysia.
Making the remarks in an interview conducted by the Tehran Times on the sidelines of a ceremony to celebrate ASEAN Day 2022 in Tehran on Tuesday, Malaysia’s Charge D’affaires ad intrim in Tehran, Mohd Nizam Halimi said: “At the moment trade relations between Malaysia and Iran is very good; last year the total amount of trade was about six hundred million USD.”
The price of rubber is projected to exceed RM3.50 per kilogram (kg) at the end of this year and continues to be in an upward trend due to very high demand from importing countries, Minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin said.
The Malaysian Rubber Council (MRC) has collaborated with the International Labour Organisation (ILO) to launch a new employers’ guide to prevent and eliminate forced labour in the Malaysian rubber industry.
Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin wants the Malaysian Rubber Glove Manufacturers Association (MARGMA) to develop a certification for the rubber gloves industry to combat forced labour in the industry.
The invention of the aerospace balloon, the first of its kind, through the combination of graphene extract and natural rubber will bring Malaysia’s rubber industry to the next level on the world stage, said the Malaysian Rubber Council (MRC).
The Malaysian rubber market extended its uptrend yesterday, supported by gains in the Shanghai rubber futures exchange and a weakening ringgit, amid renewed fears of Covid-19 lockdowns in China, said a trader.
Over the next ten years, global food consumption is expected to increase by 1.4% annually, mainly driven by the rising population. Meanwhile, low and middle-income countries are projected to strongly contribute to the demand growth, given the rapid expansion and intensification of their production.
Now calling for agricommodity exhibitors across the region, the Malaysia International Agricommodity Expo & Summit 2022 (MIACES), hosted by the Ministry of Plantation Industries and Commodities (MPIC), expects to create over USD 68 billion export value for the sector in a global marketplace event with the participation of over 20 countries.
Medical device market regulators participating in the Medical Device Single Audit Program (MDSAP) plan to end COVID-19-era policies allowing remote audits of quality management systems in September 2022.
Over the past months, the UK Medicines and Healthcare products Regulatory Agency (MHRA) opened a consultation on the current UK Medical Devices Regulations 2002. For those familiar with the UK MDR 2002, it is very similar to the old EU directives. Thus for medical device manufacturers less familiar with the UK MDR 2002, the current regulation is equivalent to the European Union’s Medical Devices Directive (MDD 93/42/EEC) and In-vitro Diagnostic Medical Devices Directive (IVDD 98/79/EC). So market entrance in the UK would require you to pull up your old MDD or IVDD Technical File again.
PUTRAJAYA, May 15 — The establishment of a working committee between Malaysia and the United States to address the issue of alleged forced labour is an equitable move to resolve palm oil and rubber issues, said Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin.
KUALA LUMPUR, April 22 — The Ministry of Plantation Industries and Commodities PUTRAJAYA: Rubber glove manufacturers in the country should no longer focus solely on the healthcare sector, but also tap the non-medical industries to drive future demands.
TAIPING: Latexx Manufacturing Sdn Bhd’s decision to implement the construction of an additional factory coincides with the demand for rubber gloves which is expected to be higher than pre-Covid-19 pandemic.
KUALA LUMPUR, April 22 — The Ministry of Plantation Industries and Commodities is committed to encouraging participation from companies, as well as investors from Egypt and Qatar to take advantage of the Kedah Rubber City facilities and tap the potential markets in Asean.
PETALING JAYA: While the new minimum wage will weigh on glove makers’ earnings, the impact will likely be minimal as they have already been paying workers around the same rate as the revised statutory amount.
KUALA LUMPUR: The Malaysian rubber market, supported by China’s better-than-expected gross domestic product (GDP) data and firmer crude oil prices, closed higher yesterday amid mixed advice from its regional peers, according to a dealer.
Malaysia aims to strengthen agricultural commodities trade relations with Pakistan through a recent three-day working visit to the republic by Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin.
Malaysia's producer price index (PPI) for local production, which measures the costs of goods at the factory gate, rose 9.7% year-on-year in February 2022, “led by higher prices of the primary commodity”, said the Department of Statistics Malaysia (DOSM).
The Malaysia External Trade Development Corporation (Matrade), in collaboration with Malaysia Airports Holding Bhd (MAHB), is building bridges between Malaysian and Turkish companies by launching an e-Gallery at Istanbul Sabiha Gökcen Airport, Turkey.
About 400,000ha, or 40%, of the total rubber plantations operated by smallholders nationwide have been found to be inactive or not consistently producing rubber, says Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin.
The US Food and Drug Administration has finalized guidance on recommended steps medical device, drug and other manufacturers and distributors for initiating and managing voluntary recalls of products falling under the agency’s jurisdiction.
The Rubber Industry Smallholders Development Authority, or Risda, wants member countries of the International Tripartite Rubber Council (ITRC) — Thailand, Indonesia, and Malaysia — to come to an agreement on fixing the price of the commodity.
Ansell, a world leader in personal protective equipment, continues to play a leading role in ensuring the protection of workers vulnerable to forced labor in supply chains within the medical supplies industry. On March 1, 2022, the newly-formed Responsible Glove Alliance (RGA) announced its launch, with Ansell one of seven founding members.
Bursa Malaysia-listed glove makers such as Supermax Corp Bhd, Careplus Group Bhd and Rubberex Corp (M) Bhd — which are due to release their October-December 2021 results this month — are set to suffer the same fate as their peers, which saw earnings fall during the latest quarter on lower average selling prices (ASPs) and sales volumes, no thanks to increased supplies from new glove entrants.
PERAK-based Wellcall Holdings Bhd — the largest rubber hose manufacturer in the country — has adopted a high-mix, low-volume (HMLV) strategy, which gives the company a significant competitive edge in producing customised merchandise for its clients.
The US Food and Drug Administration has published new guidance on reporting and notification requirements to better mitigate supply disruptions when medical device manufacturers cease or suspend production during public health emergencies.
The Minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin is launching the Malaysia Rubber Product Virtual Showcase (MaRViS) at Expo 2020 Dubai. The launch is in conjunction with the Malaysian Rubber Council’s (MRC) participation during week 17 of Expo 2020 Dubai themed “Energising Today-Exploring Sustainable Agricommodity”.
The National Agricommodity Policy (DAKN) 2021-2030 will drive the development of the agricommodity sector in a more sustainable, competitive and market-oriented manner in line with new norms and increased digital technology use post-Covid-19, Prime Minister Datuk Seri Ismail Sabri Yaakob said.
New guidance from the US Food and Drug Administration explains a phased transition plan for medical devices currently covered by agency enforcement policies devised to address the COVID-19 public health emergency.
For electric vehicles (EVs) to become mainstream, they need cost-effective, safer, longer-lasting batteries that won’t explode during use or harm the environment. Researchers at the Georgia Institute of Technology may have found a promising alternative to conventional lithium-ion batteries made from a common material: rubber.
The rubber glove industry will have to contend with normalising profitability this year due to heightened competition and global vaccination progress since demand has come off its peak seen in the first quarter of 2021 due to the Covid-19 pandemic.
The US Food and Drug Administration (FDA) is proposing to give medical device makers 180-days’ notice before terminating emergency use authorizations (EUAs) and phasing out its enforcement policies for medical devices issued during the COVID-19 public health emergency (PHE).