Investments

Arlanxeo invests in SR facilities in Brazil and France; to modernise and produce more grades

July 4, 2018
Arlanxeo invests in SR facilities in Brazil and France; to modernise and produce more grades

German speciality chemicals firm Arlanxeo says it is strengthening its position as the world’s leading manufacturer of synthetic rubber (SR). Over the next three years, it will invest EUR mid double-digit million to modernise its production sites in Triunfo, Brazil,…

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Pirelli announces EUR250 million investment for its 2017-2020 industrial plan in Latin America

March 28, 2018
Pirelli announces EUR250 million investment for its 2017-2020 industrial plan in Latin America

Pirelli’s Executive Vice Chairman and CEO Marco Tronchetti Provera recently announced that the tyre manufacturer has invested EUR250 million into its Latin American market. He said this is part of an industrial plan from 2017 to 2020. The investments will…

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Demand for rubber mechanical goods to grow 6.3% annually through 2022

March 14, 2018
Demand for rubber mechanical goods to grow 6.3% annually through 2022

Global demand for rubber mechanical goods is forecast to advance 6.3% per year to US$76.7 billion in 2021. It is in line with the anticipated gains for the market as a whole, although this rate of growth is a major…

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Continental invests in EUR10 million distribution centre in Germany

January 4, 2018
Continental invests in EUR10 million distribution centre in Germany

Technology company Continental wants to commission a new, cutting-edge distribution center near to the Hanover-Langenhagen airport at the end of 2018. It will invest more than EUR10 million in equipment and machinery. The aim is for drive belts and surface…

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Volkswagen to invest US$27 billion in core brand until 2022

November 20, 2017
Volkswagen to invest US$27 billion in core brand until 2022

German automaker Volkswagen will invest EUR22.8 billion (US$26.9 billion) in its main car brand over the next five years. Most of that sum, around EUR14 billion, will be spent in Germany, Volkswagen said, adding that one of the key measures…

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Motion Industries acquires US hose and belting company

October 23, 2017
Motion Industries acquires US hose and belting company

Motion Industries has entered into a definitive agreement to acquire Apache Hose & Belting Company, with an effective close date of November 1. Iowa-headquartered Apache, specialises in value-added fabrication of belts, hoses and cut and moulded products used in a…

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Evonik invests in fumed silica capacity expansion in Belgium

July 28, 2017
Evonik invests in fumed silica capacity expansion in Belgium

Germany-based leading global specialty chemicals company Evonik Industries is expanding its fumed silica capacities in Antwerp, Belgium with an investment amount in the upper double-digit million euro range. The company sees the move as a good fit for its strategy…

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Top Glove venturing into condom business with RM75 mn investment

June 28, 2017
Top Glove venturing into condom business with RM75 mn investment

Malaysian rubber glove manufacturer Top Glove is expanding into the condom business with a RM75-million investment, according to the company’s founder Tan Sri Lim Wee Chai, adding that it’s a flourishing business to expand into since price-earnings valuations for the…

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Freudenberg plans new site in India; EUR15 million investment

May 24, 2017
Freudenberg plans new site in India; EUR15 million investment

Diversified technology company that produces seals and nonwovens to household products and lubricants, Freudenberg, continues to expand its activities in Asia. The group will start with the construction of a new production facility in autumn 2017 in Chennai, India, producing…

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Dow to proceed with coatings and silicones investments in Saudi Arabia

May 24, 2017
Dow to proceed with coatings and silicones investments in Saudi Arabia

US-based chemicals firm Dow Chemical has signed an agreement to construct a manufacturing facility to produce a range of polymers for coatings and water-treatment applications, and a MOU for a feasibility study related to a proposed investment in the company’s…

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Rubber Prices
(Last Updated: 16 Jul 2018)

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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PRA 2018 June/July

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