A JOINT venture between Indian firm Reliance Industries and Russian petrochemical company Sibur has started its operations in Mumbai, India, focusing on constructing a 100,000-tonne/year butyl rubber facility in Jamnagar. Sibur owns 25.1% and Reliance 74.9% of the new business…
Category: Investments
Gajah Tunggal to produce TBR tyres
INDONESIAN tyre maker PT Gajah Tunggal (GT) has acquired 100 ha of land for US$108 million to build a tyre proving ground (testing track) and to allow possible future expansion of its manufacturing facility. Located at a new industrial estate…
Purchases of rubber moulders and tyre firms
Titan International has bought 56% shares of Planet Corporation Group while QSR has purchased Lexington Precision
Indonesian-Indian rubber tie up
INDONESIA, the second largest rubber producer in the world, has invited the Indian rubber industry to invest in the country and benefit from ample natural rubber resources. In a meeting with All India Rubber Industries Association (AIRIA), Dickey Fabrian, Consul-General…
China reviews imports of CR
CHINA is reviewing its anti-dumping policies on chlorophene rubber in lieu of complaints against the influx of the imported rubber from a Japanese company. Chloroprene rubber is commonly used in electrical cables and other types of cables as well as…
Keyuan starts up second SBS line
CHINA-based petrochemical supplier Keyuan Petrochemicals has commenced production of its second 70,000-tonne/year line for styrene-butadiene styrene (SBS). The new facility, which was completed in September 2011, had undergone trial productions, including various technique tests spanning several months for its first…
Petronas and Versalis form elastomers VJ
The joint venture will produce and market synthetic rubbers using Versalis’ technology licence and technical know-how
Parker acquires hose and fittings business of PIX Transmissions of India
Parker Hannifin has acquired the hydraulics manufacturing division of PIX Transmissions Ltd. based in Nagpur, India. PIX is a manufacturer of a broad range of hydraulic and industrial hose, hose assemblies and fittings primarily used in general engineering, marine, agriculture,…
Hankook Indonesian plant operational in fourth quarter
The new plant is part of Hankook’s five-stage development plan, in which the company plans to invest US$1.1 billion ahead of 2018
Gevo to build plant in Malaysia
American renewable chemicals and biofuels firmGevohas inked a collaborative agreement with the Malaysian government’s East Coast Economic Region Development Council, Malaysian Biotechnology Corp (BiotechCorp) and the Terengganu state government to build the world’s first bio-isobutanol plant in Kerteh, Terengganu. It…