August 2012

Lead Feature

Company News

Materials News

Injection Moulding

Rubber Journal Asia

E-Magazine for the Rubber Industry
Rubber industry on a fast track

THROUGH upstream R&D activities, Malaysiaís rubber industry will continue to expand its production with a target of reaching an output of 2 million tonnes of natural rubber and contributing RM52.9 billion to the countryís coffers by 2020. The introduction of an automatic rubber tapping system, roll out of mobile service applications and rubber yield programmes are all expected to help upgrade the sector, said Malaysian Rubber Board (MRB) Director-General Datuk Dr Salmiah Ahmad, in an interview with PRA recently.

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Electronic Issue

September-October 2012 Issue Now Available!

Auxiliary and automation equipment company Azo is enjoying a healthy growth of its Mixomat mixer in Asia

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L&T sold to Toshiba

Indian conglomerate Larsen & Toubro is selling its entire stake in injection moulding machine maker L&T Plastics Machinery to Japan-based Toshiba Machine. Terms were not disclosed. The divesture is in line with L&Tís strategy to exit non-core businesses and to rationalise its portfolio.

Injection moulding machine maker Toshiba Machine says the deal forms part of its strategy to expand globally with a focus on developing countries. The firm has units in Japan and China and is opening a facility in Thailand.

L&T was originally formed as a joint venture with Demag Ergotech in 2000, acquiring its partnerís stake in 2009. The machinery unit had sales of 206 crore with profit after tax of 11 crore in the fiscal year that ended in March.