Rapid boost for tyre makers


KUALA LUMPUR: Malaysia’s tyre manufacturers are unable at the moment to meet the demands of the national automotive industry because of non-competitive raw material prices.

However, with the opening of a new synthetic rubber plant at the Refinery and Petrochemical Integrated Development (Rapid) corridor in Pengerang, Johor, they can expect to do so in five years. At the same time, the country can be optimistic of producing its own Malaysian brand tyres, said Malaysian Consortium of Rubber Products (Malcorp) chief executive officer Serajudin Ismail.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Business , Rubber , Malcorp , Serajudin Ismail

   

Next In Business News

Step back and watch
Bull waits for liquidity to return
Magnum can strike it big again
All sails set for MISC-Bumi Armada merger
Dicey days for chip makers
After a homeowner passes
A stinky nuisance: When septic tanks burst
Decarbonising cement: Are we ready?
Ringgit to trade in tight range of 4.46-4.48 versus US dollar next week
Shedding light on power sector prospects

Others Also Read