Category: Industry News

Hankook opens tyre plant in Indonesia

South Korean tyre company Hankook has officially opened its seventh global plant in Indonesia. Located in Lippo Cikarang, Bekasi, West Java, the company’s newest plant will act as an export base for the US and Middle East markets as well…

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…

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…

ZF to sell rubber and plastics unit

ZF Friedrichshafen, Germany’s third largest automotive supplier and among the top ten worldwide, has confirmed reports that it is in the early stages of discussions to sell its rubber and plastics (R&P) unit. ZF says it has been approached by…

Sibur starts up its Voronezh TPE facility

Russian petrochemicals supplier Sibur has launched production of styrene-butadiene thermoplastic elastomers (TPE), to be used for the road building industry and roof coatings, at its Voronezh-based facility. The  production facility reached its full design capacity of 50,000 tonnes/year. The process…

Mesnac buys US testing equipment supplier

Chinese tyre equipment manufacturer Mesnac has purchased a majority interest in US-based Test Measurement Systems (TMSI) for an undisclosed amount. The TMSI brand and identity will be retained. TMSI CEO Dr. Jerry Potts and other senior management staff will remain…