Hankook & Company Co., Ltd., the holding company of Hankook Tire & Technology Co has established a fund with an aim to secure a new growth engine in the future. The first investment is Mobiltech, an Artificial Intelligent (AI)-based spatial…
Category: Investments
Trelleborg to repurchase own shares
Swedish firm Trelleborg has presented new financial targets and proposes a programme for the repurchase of its own shares. It says that “the conditions are better than ever, both operationally, and thanks to trends such as increased electrification, digitisation, and…
Bridgestone consolidates its manufacturing footprints of bus, truck radial tyres in China
Bridgestone is considering restructuring its global manufacturing footprint – the group’s core business , and which includes tyre, diversified product, and material manufacturing sites, over the mid-long medium term to secure its earning power, and is looking to strengthen its…
Vittoria invests US$20 mn to double bicycle tyre capacity in Thailand
Italian bicycle tyre maker Vittoria Group says it is constructing a new factory in Thailand. The US$20 million investment will see its local subsidiary Lion Tyres Thailand (LTT)’s factory premises grow from 36.000 to 52.000 sq m in the Bangpoo…
DL Chemical to acquire Kraton for US$2.5 bn
South Korea’s DL Chemical, a subsidiary of DL Holdings Co (formerly Daelim Industrial Co), will acquire 100% of US-based Kraton Corporation, a producer of specialty polymers and bio-based products derived from pine wood pulping co-products. The all-cash transaction has an…
Polytek snags Specialty Resin & Chemical
Polytek Development Corp. a US manufacturer of specialty polymers for coating, mould making, and casting applications and portfolio company of Arsenal Capital Partners, has acquired Specialty Resin & Chemical. Related: Arsenal Capital Partners scores Polytek The acquisition of Specialty Resin & Chemical…
Goodyear shifts to renewable energy in Euro, Turkish plants
In the first of a multi-phase plan to procure 100% renewable energy in all of its facilities across Europe, Middle East and Africa by the end of 2022, Goodyear Tire & Rubber Company stated it will adopt 100%rcent renewable energy at its Goodyear factories across…
Bridgestone Americas to push mobility solutions business with Azuga acquisition
Bridgestone Americas is securing Azuga Holdings and the Azuga fleet management platform for US$391 million. The acquisition is anticipated to accelerate Bridgestone’s efforts in sustainable mobility solutions as a key aspect of the company’s advanced mobility strategy. The transaction is…
Altaris acquires 51% of Michelin healthcare subsidiary Solesis
Investment firm Altaris Capital Partners has completed the acquisition of a 51% stake in US biomaterials company Solesis from Michelin. The deal retains 49% of Michelin’s stake in Solesis, which now operates as an independent company. Solesis operates through three…
Shin-Etsu Chemical’s Silicone Division invests on carbon neutrality goals
Tokyo-headquartered Shin-Etsu Chemical’s Silicone Division will be ploughing an investment totalling JPY20 billion to curb greenhouse gas emissions (GHG). Shin-Etsu expounded that the Silicone Division’s main manufacturing plant, the Gunma Complex, will reduce the volume of GHG by 14% against…