KUALA LUMPUR (Oct 3): The price of Standard Malaysian Rubber 20 (SMR 20) is projected to exceed RM6.50 per kilogramme (kg) in a few months, mainly driven by the shortage of natural rubber production due to the monsoon season, Malaysian Rubber Board (MRB) director-general (DG) Datuk Dr Zairossani Mohd Nor said.
However, he said there is no disruption anticipated in the demand for natural rubber for the time being.
KUALA LUMPUR (Oct 31): 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.
"The group has also been working on building its production capacity to capture greater top-line and bottom-line growth. However, the many versions of movement control orders that had been implemented to stem the worsening of the Covid-19 pandemic had hampered the group’s efforts to fast-track its expansion plans in Malaysia.