Natural rubber (NR) is an important raw material for the European tyre and rubber industry and a key enabler for several industries – especially automotive. The tyre industry alone absorbs about 76% of all the natural rubber produced globally. Today, there is…
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Tyre plant closures: Continental in Germany; Bridgestone in France
Against the back of tough times in the automotive industry as a result of the Covid-19 pandemic, two tyre majors have announced plant closures recently. Germany-based Continental plans to close a tyre plant in the city of Aachen in northwestern Germany…
Avon Rubber buys US helmet maker for US$130 mn
UK-based Avon Rubber, under its subsidiary Avon Protection, is to acquire Team Wendy, a US-based supplier of helmets and helmet liner and retention systems for military and first responder markets, for US$130 million on a cash-free and debt-free basis, subject…
TPMS and ESC to be mandatory in India according to new rules
The Central Government of India is planning to implement a new set of rules, similar to international automotive standards, for its own automotive industry. To be managed by the Ministry of Road, Transport, and Highways (MoRTH), the regulations will include…
Nynas changes ownership; Neste sells stake to Bitumina
Finnish oil and engineering services company Neste has sold its entire shareholding in Nynas to Bitumina, a global bitumen company active in more than 100 countries. This is an important step in the ongoing company reorganisation of Nynas. Sweden-based Nynas is a…
Proposal to set up US$300 mil tyre factory in Sri Lanka
Sri Lankan Minister of Industries Wimal Weerawansha and Hambantota International Port Group Pvt. Ltd. (HIPG) recently met up to decide on the building of a US$300 million tyre factory in the southern port city of Hambantota. The factory will be…
IRR’s pyrolysis system offers waste rubber solution for the UK
Carlton Forest Group’s IRR Manufacturing, responsible for UK’s only continuous pyrolysis plant, has stated that repurposed waste rubber could deliver substantial energy savings and ample business opportunities to manufacturers from the production of by-products such as pyrolysis oil and pyrolysis…
Yokohama plans OTR tyre plant in India
Continued rise in demand for off-road tyre (OTR) products has spurred the Yokohama Rubber Co. Ltd. (Yokohama) to build another tyre manufacturing plant, this time in Visakhapatnam, southeast Andhra Pradesh, India. Construction on the US$165 million manufacturing plant is set…
Thailand designates “Rubber Valley” hub to boost general rubber consumption
Thailand’s Ministry of Agriculture and Cooperatives is planning new, creative was to develop its rubber products, including research grants, funds for startups and the creation of a “Rubber Valley” hub for innovative rubber projects. The “Rubber Valley” proposal will be…
Renewed interest in pyrolysis oil could spark revenue increase, says Enviro
The recent heightened interest in pyrolysis oil – extracted from end-of-life tyres (ELT) – and indications relating to prices and demand by consumers has led Scandinavian Enviro Systems (Enviro) to believe a recycling plant using Enviro’s proprietary technology could strongly…