Japan-based automotive parts manufacturer Toyoda Gosei (TG) will reorganise its production subsidiaries in India for “TG One India” – the company is looking to optimise its production network in the country and also intends to develop a more flexible supply…
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MRB’s transgenic rubber trees may hold anti-dengue capabilities in its latex
Instead of just limiting rubber trees’ use to manufacture latex surgical gloves – a necessity during the COVID-19 pandemic – or tyres, the Malaysian Rubber Board (MRB) has ventured to create a latex serum from locally-cloned transgenic rubber trees that…
Brembo acquires minority stake in Pirelli
Italian maker of braking systems Brembo has acquired an interest in tyre maker Pirelli. Through its parent company Nuova FourB, which is an investment company, Brembo now holds a 2.43% stake in Pirelli. Terms were not disclosed. By adopting a…
Covid-19: Pirelli implements measures to cut investments, costs and revenue
Italian tyre maker Pirelli says it has taken stock of the deterioration of the global economic growth outlook because of the Covid-19 health emergency and therefore decided to: . reformulate the 2020 targets, while reserving the recalculation of the 2022…
Covid-19: Continental stops activity at 40% of facilities globally; withdraws forecast for year
German technology/automotive company Continental has withdrawn its 2020 outlook withdrawn due to ongoing uncertainty regarding market development. Previously, Continental had anticipated consolidated sales for the current year of around EUR42.5 to EUR44.5 billion and an adjusted EBIT margin of around…
Momentive wins patent suit against China’s Ecopower
Momentive Performance Materials Inc says that a Chinese court has ruled that Ecopower (Yongxiu) New Materials Co. Limited’s and Ecopower (Guangzhou) New Materials Co. Limited’s manufacture and sale of a product was in violation of a Momentive patent for NXT…
Linglong announces fifth China plant in Changchun and new “6+6” corporate strategy
Chinese tyre manufacturer Shandong Linglong Tire (Linglong) has decided to build its fifth tyre plant at Changchun Automobile Economic & Technological Development Zonein Jilin province, which houses a range of automakers including FAW-Volkswagen and FAW Jiefang. Linglong plans to invest…
Trinseo evaluates sale of SM/PBR assets in Germany
Trinseo, a manufacturer of plastics, latex binders, and synthetic rubber, says that it is looking at disposing its styrene monomer assets in Boehlen, Germany, and its polybutadiene rubber (nickel and neodymium-PBR) assets in Schkopau, Germany. The combined Adjusted EBITDA of…
Synthomer completes acquisition of Omnova
UK polymer company Synthomer says that it has completed its acquisition of Omnova Solutions Inc, a US-based specialty chemical company that manufactures emulsion polymers, speciality chemicals and decorative products. Synthomer had made an offer to buy Omnova for an enterprise…
Michelin ends tyre production after 50-year run at Scottish site
Michelin has officially stopped tyre production at its factory in Dundee, eastern Scotland, after half a century. The French tyre maker decided that continued production at the factory would be “unviable and unwise” in light of the growing challenges caused…