Category: Investments

Koppers’s Chinese carbon plant

US-based carbon compound and treated wood products maker Koppers is setting up three coal-tar based carbon product plants in Jiangsu, China, with Nippon Steel Chemical, Sojitz JECT, Yizhou Group and the Pizhou government. The facilities will comprise a 250,000 tonne…

Baosteel starting up wire rod facility

CHINESE steel wire maker Jiangsu Baosteel is marking its entry into the high-grade wire rod product field with the set up of precision steel wire facility in Jiangsu Haimen Haibao Industrial Park. The project will be constructed in two phases…

Kobe/L&T tyre machine facility running

JAPANESE company Kobe Steel’s joint venture with India’s Larsen & Toubro has started up production of rubber processing machinery in India. Called L&T Kobelco Machinery, the joint venture manufactures rubber mixers and twin-screw rollerhead extruders used in making tyres. The…

Sibur opts out of tyre business

PETROCHEMICAL firm Sibur has completed the sale of 100% of Sibur-Russian Tyres (SRT) to a group of investors including the management of SRT and Vadim Gurinov, former CEO of Russia’s largest tyre manufacturer. The disposal follows the restructuring of SRT…

Tie-up for automotive solutions

SWEDISH company Trelleborg and Freudenberg have formed a 50:50 joint venture to produce antivibration solutions for light and heavy vehicles. The new joint venture will comprise Trelleborg Automotive’s operations in anti-vibration solutions and Freudenberg’s corresponding unit known as Vibracoustic. At…

Cooper seals business deal

US-based supplier of systems and components for the automotive industry Cooper Standard has acquired the automotive sealing business of Italian supplier Sigit, which operates in Italy and Poland. Sigit sealing has supplied the automotive industry since 1966 and currently supplies…

MHI subsidiary to focus on rubber machines

MITSUBISHI Heavy Industries (MHI) will establish a new subsidiary to handle the industrial machinery business, including material handling systems and rubber and tyre machinery, effective April 2012. The new company, to be wholly-owned by MHI, will be created by integrating…

Asahi en route to second SSBR plant

ANOTHER Japanese supplier Asahi Kasei Chemicals will construct a second plant in Singapore to produce solution-polymerised styrene-butadiene rubber (S-SBR), with capacity of 50,000 tonnes/year. The new plant will be located adjacent to an S-SBR plant of the same capacity which…