Investments

Marangoni GRP adds Chennai Ringtread franchisee

April 17, 2019
Marangoni GRP adds Chennai Ringtread franchisee

Indo-Italian JV Marangoni GRP (MGPL) has introduced a new entrant into the commercialtyre retreading business with Ringtread franchise eXtramiles in Chennai, India. Giuseppe Marangoni, Vice President of Marangoni Group, and Harsh Gandhi, Joint Managing Director of GRP inaugurated the franchisee…

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Forestry equipment tyre market on a roll

April 9, 2019
Forestry equipment tyre market on a roll

Increasing demand for wood and wood products, coupled with the shift towards automation in forestry operation to increase efficiency and output, is expected to lead a robust growth for the market in the coming forecast period. It is expected to…

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Cimcorp establishes new operating base in Chennai

March 29, 2019
Cimcorp establishes new operating base in Chennai

Finnish manufacturer and integrator of robotic handling solutions, Cimcorp will open its new location in Chennai, India, this June, in response to growing demand for local tyre industry automation; the decision to establish a base in Chennai strengthens the company’s…

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Goodyear to upgrade plants in Germany; laying off 1,000 jobs

March 21, 2019
Goodyear to upgrade plants in Germany; laying off 1,000 jobs

American Goodyear Tire & Rubber Co. has approved of plans to upgrade and automate two of its tyre manufacturing facilities in Hanau and Fulda, Germany, to increase production of premium tyres 17 inches in diameter and larger. The plan was…

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Trelleborg acquires Italy’s Provana in new market strategy

March 20, 2019
Trelleborg acquires Italy’s Provana in new market strategy

Swedish group Trelleborg has – through its Trelleborg Wheel Systems subsidiary -signed agreements and finalised the acquisitions of Provana Solutions and Provana Quality Center. Provana Solutions specialises in the distribution and service of tyres and wheels to tractor dealers and…

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Singapore’s Olam International to sell off rubber business and others to reel in US$1.6 billion

March 18, 2019
Singapore’s Olam International to sell off rubber business and others to reel in US$1.6 billion

Singapore-based agriculture and food major Olam International plans to sell off four of its businesses, including rubber, over the next six years to yield an income of US1.6 billion; and to invest a further US$3.5 billion in its agriculture and…

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Faurecia/Michelin join forces to develop hydrogen fuel cells

March 15, 2019
Faurecia/Michelin join forces to develop hydrogen fuel cells

French tyre maker Michelin and automotive parts supplier Faurecia have set up a joint venture bringing together all of Michelin’s fuel cell related activities – including its subsidiary Symbio – with those of Faurecia. Both Michelin and Faurecia will have…

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Ravago buys rubber chemicals supplier HB Chemical

March 13, 2019
Ravago buys rubber chemicals supplier HB Chemical

TPE supplier Ravago Holdings America has acquired HB Chemical, a distributor for the North American rubber industry representing categories of synthetic rubber, accelerators, plasticizers, antioxidants, waxes and other specialty chemicals required by manufacturers of rubber and elastomer products.  The acquisition…

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European JV to set up ELT plant in Danish port

February 7, 2019
European JV to set up ELT plant in Danish port

The prospective joint venture (jv) Elysium Nordic Apof  Denmark’s WindSpace A/Sand Sweden’s Enviro has signed a lease agreement with Associated Danish Ports (ADP) for a site in Nyborgharbour on Funen, Denmark for material recovery of end-of-life tyres (ELT). The lease…

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Phillips Carbon Black to set up 1,50k-tonne unit in South India

January 24, 2019
Phillips Carbon Black to set up 1,50k-tonne unit in South India

Phillips Carbon Black (PCBL), India’s largest carbon black producer and exporter has shortlisted three locations, Tamil Nadu, Andhra Pradesh and Telangana for its 1,50,000-tonne carbon plant. The new plant will have an investment of Rs 600-620 crore. There have been…

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Rubber Prices
(Last Updated: 22 April 2019)

Monthly The prices shown above do not include VAT @4% on purchase and expenses towards packing, transportation, warehousing  and other incidentals


Source: Latex India
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