Category: Investments

Evonik flushed with funds after divestment

THE successful divestment of its carbon black business means that Germany-based chemicals company Evonik has added on EUR900 million to its coffers. The new owners are investors Rhône Capital and Triton Partners and the business has been renamed as Orion…

Russian plant for Continental

GERMAN tyre maker Continental plans to invest EUR220 million to build a tyre plant in Kaluga, Moscow. The plant will have annual capacity of about four million tires, and production is set to start at the end of 2012. The…

US firm moves from China to its home base

WHILE most companies seek low-cost production bases, US-based tyre recycling company Tire International is moving its operations out of China and investing US$25 million to set up a recycling and manufacturing facility in Berkeley County. It has set up a…

Kraton looks for Asian site for facility

US company, Kraton Performance Polymers, will soon decide where it will locate its Asian facility for HSBCs (hydrogenated styrenic block copolymers). Expected to start up by 2013, the facility will have a capacity of 30 kilotonnes. Though it planned for…

Hose plant in China

JAPAN-based Yokohama Rubber will construct a plant specialising in the production of highpressure hydraulic hoses in Hangzhou Construction is expected to start this year and the plant will start-up with a volume of 400,000 m/month in 2013. Yokohama Rubber is…

ColorMatrix buys LSR specialist

US-based additive, colourant and dosing equipment supplier ColorMatrix has bought Gayson Silicone Dispersions, a dispersion specialist in high consistency rubber (HCR), liquid silicone rubber (LSR) and room temperature vulcanisation (RTV) silicone. It caters to automotive/aerospace parts,airbag coatings, healthcare, cosmetics, household…

Formosa invests in Chinese rubber industry

Taiwan-based Formosa Plastics will invest US$300 million to set up a synthetic rubber plant in Ningbo, Zhejiang province. Construction of the plant will begin this year with production to start in two years. Initially the plant will produce 50,000 tonnes/year…