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ContiTech buys Metso’s conveyor belt unit

Hanover-based ContiTech Conveyor Belt Group is strengthening its conveyor belts business for industrial applications with the acquisition of Metso´s industrial conveyor belt operations based in Helsinki, Finland. Relating documents have been signed by both parties today. The transaction scope includes…

Hankook to build its first US facility

SOUTH KOREA’s Hankook Tire is setting up its first US plant, in bid to boost its presence in the country, the firm’s third largest market after China and Europe. The new plant will have an annual production capacity of 5m-10m…

Lanxess completes relocation to Cologne

Lanxess has completed the move of its Group headquarters from Leverkusen to Cologne. With its approximately 1,000 employees, the German speciality chemicals firm now occupies the Lanxess Tower at Kennedyplatz 1 in the district of Deutz. It will now manage…

USC names Continental as official tyre

THE University of Southern California (USC) Athletics Department and Continental Tire has closed a multi-year agreement that names Continental Tire the “Official Tyre of USC Athletics.” The agreement was facilitated by USC Sports Properties, the FOX-owned sales entity that manages…