Japan’s Shibaura Machine has entered into an MoU to acquire an 80% stake in LWB Steinl GmbH to expand its market to Europe. LWB Steinl’s facility in Altdorf, Germany, will serve as Shibaura’s European headquarters and production hub following the acquisition. Terms of the…
Category: Industry News
Continental first to apply Lanxess’s sustainable rubber additive in tyres
German tyre maker Continental is the first tyre manufacturer to use the new Vulkanox HS Scopeblue rubber additive from German speciality chemicals firm Lanxess. This is the more sustainable, ISCC Plus-certified version of the proven additive Vulkanox HS (TMQ). The product is said…
Nexen Tire expands footprint; new hubs in Europe, Latin America and Middle East
South Korea’s Nexen Tire announced the establishment of new branch office/subsidiaries in major markets, including Europe, Latin America, and the Middle East. This expansion is a strategic move to strengthen competitiveness in markets with growing tyre demand. With about 85% of…
Ceat to invest US$170 mn in tyre plant in Sri Lanka
Tyre maker Ceat OHT Lanka (Private) Limited has signed an agreement with the Board of Investment of Sri Lanka (BOI) to formalise a US$171 million investment, in a landmark development for Sri Lanka’s manufacturing and export sector. According to the…
Klean/Viva Energy Australia breakthrough in tyre-to-fuel project
Provider of pyrolysis technologies Klean Industries has announced a major breakthrough for sustainable fuel with Australia’s Viva Energy that has successfully co-processed 10?tonnes of tyre pyrolysis oil produced from Klean’s reference plant alongside conventional crude at its Geelong refinery. This…
Carbios/Indorama/Michelin in r-PET tie-up for tyre textile filaments
French biotechnology firm Carbios has announced the signing of a multi-year commercial agreement with Thai integrated chemical firm Indorama Ventures. This agreement covers the supply of biorecycled monomers from its Longlaville plant, which will be transformed into r-PET filaments by…
US to slap 93% anti-dumping levy on graphite from China
The US Commerce Department has stated it will impose preliminary anti-dumping duties on imports of Chinese graphite, a key battery component, after concluding that the materials had been unfairly subsidised, according to a Bloomberg report. A trade association representing US…
Zeon develops new hydrophilic polymer for winter tyres
Japan’s Zeon Corporation has developed Nipol BR1300, a new hydrophilic polymer for winter tyres. This polymer is synthesised using polybutadiene rubber as its structural base, resulting in what it says is “an unprecedented level” of hydrophilicity as a material for…
Bridgestone to sell China TBR plant to Sailun for US$37 mn
Japan’s Bridgestone Corporation is officially exiting the commercial tyre manufacturing business in China, with a deal to transfer all shares of its previously closed truck and bus radial (TBR) tyre plant in Shenyang to Sailun Group for 265 million CNY…
Freudenberg develops improved seals from simulation process
The first pressure seal resulting from entirely simulation-based product development is the outcome of a collaboration between Freudenberg Sealing Technologies and the central corporate research department Freudenberg Technology Innovation. Compared to previous, conventionally developed versions, this new method has enabled…