Latest news with #Oon
7NEWS
07-05-2025
- Automotive
- 7NEWS
‘Perfect' weekend for Ferrari in Sydney
The Prancing Horse bolted out of the gates at Sydney Motorsport Park last weekend and couldn't be caught. Arise Racing GT dominated the second round of the GT World Challenge Australia, with Jaxon Evans and Elliott Schutte combining to claim both pole positions and both race wins in their CarExpert-backed Ferrari 296 GT3. With the team now entering its second season in GT racing, it has begun strongly, as the Evans/Schutte combination look to claim back-to-back titles for the team, following Chaz Mostert and Liam Talbot's successful 2024 season. Team Principal Jordan Oon was understandably ecstatic with the performance of his drivers and team. 'It was a perfect weekend – a clean sweep with double pole and double wins – and I couldn't be prouder of the team,' he said. 'The amount of preparation and attention to detail that goes into everything they do is huge, and they earned every bit of this result. It was calm, methodical, and totally faultless from start to finish. 'Elliott and Jaxon are really hitting their stride. They looked confident from the first session, nailed qualifying, and controlled both races with maturity and precision. It's the kind of performance we've come to expect from them – and it's great to be giving them a package that allows them to deliver at that level.' The first win came under lights on Saturday night, when the Ferrari pair greeted the chequered flag 15 seconds clear of the rest of the field. The podium was completed by the Tigani Motorsport pair of Mercedes-AMG GT3 EVOs, with Supercars ace Tom Randle and his co-driver Marcel Zalloua claiming second, with Jayden Ojeda and Paul Lucchitti right behind in third place. In Sunday's race things were slightly closer, with the Evans/Schutte Ferrari only 10 seconds ahead at the finish. This time, instead of a pair of Mercedes-AMGs, it was an Audi duo that completed the podium. The Melbourne Performance Centre R8 LMS EVO II of Ryan Wood and Steve Brooks claimed second ahead of their teammates Brad Schumacher and Broc Feeney. The second Arise Racing GT 296 GT3 shared by Jordan Love and Steven Wyatt didn't enjoy the same success as their teammates, but Oon was still very happy with the progress the pair made in only their second event with the team. 'Steven and Jordan had a strong weekend,' Oon said. 'They adapted quickly to tricky conditions on Friday and built a solid foundation early on. By Sunday, they found their rhythm, delivering consistent pace and growing confidence in the car. Car 77's progress is great, and it's exciting to see the development.'
Perth Now
07-05-2025
- Automotive
- Perth Now
‘Perfect' weekend for Ferrari in Sydney
The Prancing Horse bolted out of the gates at Sydney Motorsport Park last weekend and couldn't be caught. Arise Racing GT dominated the second round of the GT World Challenge Australia, with Jaxon Evans and Elliott Schutte combining to claim both pole positions and both race wins in their CarExpert-backed Ferrari 296 GT3. With the team now entering its second season in GT racing, it has begun strongly, as the Evans/Schutte combination look to claim back-to-back titles for the team, following Chaz Mostert and Liam Talbot's successful 2024 season. Team Principal Jordan Oon was understandably ecstatic with the performance of his drivers and team. Supplied Credit: CarExpert 'It was a perfect weekend – a clean sweep with double pole and double wins – and I couldn't be prouder of the team,' he said. 'The amount of preparation and attention to detail that goes into everything they do is huge, and they earned every bit of this result. It was calm, methodical, and totally faultless from start to finish. 'Elliott and Jaxon are really hitting their stride. They looked confident from the first session, nailed qualifying, and controlled both races with maturity and precision. It's the kind of performance we've come to expect from them – and it's great to be giving them a package that allows them to deliver at that level.' Supplied Credit: CarExpert The first win came under lights on Saturday night, when the Ferrari pair greeted the chequered flag 15 seconds clear of the rest of the field. The podium was completed by the Tigani Motorsport pair of Mercedes-AMG GT3 EVOs, with Supercars ace Tom Randle and his co-driver Marcel Zalloua claiming second, with Jayden Ojeda and Paul Lucchitti right behind in third place. In Sunday's race things were slightly closer, with the Evans/Schutte Ferrari only 10 seconds ahead at the finish. This time, instead of a pair of Mercedes-AMGs, it was an Audi duo that completed the podium. Supplied Credit: CarExpert The Melbourne Performance Centre R8 LMS EVO II of Ryan Wood and Steve Brooks claimed second ahead of their teammates Brad Schumacher and Broc Feeney. The second Arise Racing GT 296 GT3 shared by Jordan Love and Steven Wyatt didn't enjoy the same success as their teammates, but Oon was still very happy with the progress the pair made in only their second event with the team. 'Steven and Jordan had a strong weekend,' Oon said. 'They adapted quickly to tricky conditions on Friday and built a solid foundation early on. By Sunday, they found their rhythm, delivering consistent pace and growing confidence in the car. Car 77's progress is great, and it's exciting to see the development.'
New Straits Times
07-05-2025
- Business
- New Straits Times
Malaysia eyes larger share in US glove market
KUALA LUMPUR: Malaysia is poised to expand its foothold in the US rubber glove market despite recent trade challenges, including a 10 per cent tariff hike and reciprocal measures by the United States. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said Malaysia's glove exports to the US are expected to grow, with market share projected to rise from the current 47 per cent to 55 per cent. Speaking during the Ministry's first-quarter 2025 performance briefing, Tengku Zafrul highlighted that Malaysia remains competitively positioned, particularly as producers from competing countries like China face steeper tariffs. Rubber products are among Malaysia's top five exports to the US, contributing RM7.41 billion or 3.7 per cent of total exports to the country. MITI's latest report estimates that the US rubber glove market will grow to US$4.17 billion by 2030, presenting significant opportunities for Malaysian manufacturers. Meanwhile, the Malaysian Rubber Glove Manufacturers Association (MARGMA) has expressed strong support for the government's new directive mandating that only rubber gloves fully manufactured and processed in Malaysia will qualify for export under the country's certificate of origin. The policy, announced by Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani, requires glove exporters to ensure that the entire manufacturing process takes place domestically to be eligible for certification from the Ministry of Investment, Trade and Industry (MITI). Only products that are fully processed and produced domestically are permitted for export in line with Malaysia's commitment to international trade partners such as the US. Johari said the government will not allow gloves produced abroad to be brought into Malaysia solely for repackaging or relabelling before being re-exported. MARGMA president Oon Kim Hung welcomed the decision, calling it both "timely and necessary" to safeguard the integrity of Malaysia's world-renowned glove industry. He said that re-exporting finished gloves that are merely trans-shipped through Malaysian ports threatens to erode years of trust built with international buyers. "By ensuring every critical manufacturing step takes place on Malaysian soil, we safeguard product quality, traceability and the stringent ESG standards demanded by global buyers," Oon said in a statement. Oon added that the directive reinforces Malaysia's reputation for transparency and excellence, levels the playing field for domestic manufacturers, and encourages continued investment in technology, research, and innovation. "It cements Malaysia's reputation for uncompromising quality and transparent supply chains, giving importers and healthcare providers clear assurance that gloves labelled as "Made in Malaysia" truly originate here. "It also creates fair competition by preventing trans-shipment practices that disadvantage manufacturers who invest heavily in domestic facilities, technology and skilled Malaysian employees," Onn said. Onn also welcomed the minister's clarification that importing raw latex—particularly from Thailand—remains permitted, given that domestic supply only covers about one-third of the industry's needs. "Importing latex for processing here is entirely different from importing finished gloves. This policy strikes the right balance between safeguarding quality and ensuring supply security," Oon explained. To support the directive's rollout, MARGMA said it will work closely with the Malaysian Rubber Board (MRB) to assist member companies with compliance, documentation, and audit readiness. It will also collaborate with enforcement bodies to prevent trade diversion and maintain the industry's international credibility. "We urge every licensed exporter to observe both the spirit of this directive. Together with the Ministry and MRB, MARGMA is committed to preserving Malaysia's position as the trusted global source of high-quality, responsibly manufactured rubber gloves," Oon said.
New Straits Times
06-05-2025
- Business
- New Straits Times
MARGMA backs directive requiring full local manufacturing for glove exports
KUALA LUMPUR: The Malaysian Rubber Glove Manufacturers Association (MARGMA) has expressed strong support for the government's new directive mandating that only rubber gloves fully manufactured and processed in Malaysia will qualify for export under the country's certificate of origin. The policy, announced by Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani, requires glove exporters to ensure that the entire manufacturing process takes place domestically to be eligible for certification from the Ministry of Investment, Trade and Industry (MITI). Only products that are fully processed and produced domestically are permitted for export in line with Malaysia's commitment to international trade partners such as the United States. Johari said the government will not allow gloves produced abroad to be brought into Malaysia solely for repackaging or relabelling before being re-exported. MARGMA president Oon Kim Hung welcomed the decision, calling it both "timely and necessary" to safeguard the integrity of Malaysia's world-renowned glove industry. Onn stressed that re-exporting finished gloves that are merely trans-shipped through Malaysian ports threatens to erode years of trust built with international buyers. "By ensuring every critical manufacturing step takes place on Malaysian soil, we safeguard product quality, traceability and the stringent ESG standards demanded by global buyers," Oon said in a statement. Rubber gloves remain a key pillar of the national economy. In 2024, Malaysia exported RM15.41 billion worth of rubber gloves—nearly half of the country's total rubber and rubber-based product exports. Onn said the new directive is seen as a strategic move that delivers multiple benefits. "First and foremost, it cements Malaysia's reputation for uncompromising quality and transparent supply chains, giving importers and healthcare providers clear assurance that gloves labelled as "Made in Malaysia" truly originate here. "It also creates fair competition by preventing trans-shipment practices that disadvantage manufacturers who invest heavily in domestic facilities, technology and skilled Malaysian employees," Onn said. "Thirdly, it underpins long-term industry sustainability by encouraging continued capital expenditure, R&D and technological upgrades that will keep Malaysia at the forefront of hand-protection innovation." MARGMA also welcomed the minister's clarification that importing raw latex—especially from neighbouring Thailand—remains permissible. With local latex production meeting only about one-third of industry needs, imports are vital to ensuring uninterrupted glove production. "Importing latex for processing here is entirely different from importing finished gloves. This policy strikes the right balance between safeguarding quality and ensuring supply security," Oon explained. To support the directive's rollout, MARGMA said it will work closely with the Malaysian Rubber Board (MRB) to assist member companies with compliance, documentation, and audit readiness. It will also collaborate with enforcement bodies to prevent trade diversion and maintain the industry's international credibility. "We urge every licensed exporter to observe both the spirit of this directive. Together with the Ministry and MRB, MARGMA is committed to preserving Malaysia's position as the trusted global source of high-quality, responsibly manufactured rubber gloves," Oon said.
