MINNESOTA-based Royal Tire has announced that it will acquire Midstates Tire and Retreading. The acquisition will include a 15,000-sq ft building, an additional 20 workers who will begin working under the Royal Tire group, and the only Bandag commercial tyre…
Category: Investments
Biesterfeld acquires Küttner
GERMANY-based Biesterfeld Plastic has acquired all shares of Küttner, thus allowing it to expand its business for thermoplastic elastomers, rubber and rubber chemicals. In 2010, Biesterfeld Plastic purchased the French trading house SMPC, a distributor of rubber and additives, and…
Epic Polymer Systems acquires BC Rubber Supply
CANADIAN custom polymers company , Epic Polymer Systems, has purchased BC Rubber Supply . The merger of the two key manufacturers of engineered elastomers, rubber, and cast polyurethane, servicing Western Canada and the USA, is expected to deliver complementary services…
Singer Equities acquires Summers Rubber stakes
MARYLAND-based Singer equities Inc. has acquired the operating assets of Cleveland, Ohio-based Summers Rubber Company. The latter, which is operating through eight locations in Ohio and Pennsylvania is recognised as one of the premier industrial rubber distributors in the US.…
Rubber Research buys a Minnesota plant
HONG KONG-headquartered Rubber Research, Inc. has purchased a manufacturing plant in Ogilvie, Minnesota, USA. The three-building plant, spanning 2.4 acres was the former home of Hi-Tek Rubber, Inc.’s manufacturing operations. RRI recently signed an agreement to purchase Hi-Tek. The facility…
Bridgestone set for expansions in US plant
A DEMAND rush for off-road mining tyres is boosting the two expansion projects at the Bridgestone Americas Tyre Operations Bloomington-Normal plant. The estimated US$ 47 million project will allow the manufacturing plant on Fort Jesse Road to hire more workers…
Evonik to expand capacity of US silica site
EVONIK’s Philadelphia, US site is expanding its precipitated silica capacity by 22,000 metric tonnes by 2014. This multi-million dollar expansion is part of Evonik’s initiative to achieve a worldwide capacity increase for precipitated silica by 30% between 2010 and 2014.…
Trelleborg AB acquires Maine Industrial
SWISS firm Trelleborg AB has announced its acquisition of US-based Maine Industrial Tire. As a result, the company will be integrated into Trelleborg Wheel Systems business area. A press release on the agreement regarding the acquisition was published on December…
Pirelli in Rosneft deal to sell tyres in Russia
ITALY’s Pirelli has signed a deal with Moscow-based oil producer, Rosneft, allowing it to sell the Italian-made tyres at Rosneft’s gas station chain in Russia. According to Pirelli, Rosneft will create a working group to develop the product mix, supply…
Ivory Coast to produce more rubber in 2013
IVORY COAST in the African continent expects to produce 300,000 tonnes of rubber in 2013 as it plans to raise funds for developing new production zones of the crop. Output this year was lower than expected, at 230,000 tonnes from…