Bridgestone India has invested in a tyre management services start-up Fleeca India, which will strengthen its operations in digital mobility solutions. Bridgestone and Fleeca India – which works to increase efficiency of tyre management for fleet owners or operators –…
Category: Investments
TVS Srichakra invests US$135mn to two-/three-wheeler capacity expansions
India’s TVS Srichakra Ltd. is planning to expand capacity for two- and three-wheeler and off-the-road (OTR) tyres at its plants in Madurai and Pantnagar, to meet growing demand for its products. The tyre maker is committing US$135 million to the…
Vietnam Rubber to invest in M&As for tyre production
The Vietnam Rubber Group (VRG) is turning to mergers and acquisitions (M&As) to help close the value chain of rubber tyre and tube products. VRG said, in a recent meeting with the Committee for Management of State Capital (CMSC), that…
Pyrolyx delists from Australian/German stock markets
Due to the closure of its facilities in the US and Germany, against the backdrop of tighter market conditions, German tyre pyrolysis company Pyrolyx has delisted from the Australian Securities Exchange (ASX) and the Dusseldorf and Frankfurt stock markets in Germany. Pyrolyx had in May 2020 confirmed…
Birla Carbon invests in US nano-materials firm Chasm
Indian carbon black supplier Birla Carbon says it has progressed from a joint development agreement to a strategic investment in US Chasm Advanced Materials Inc., a manufacturer of nanoscale materials, to commercialise nanomaterials to benefit various market segments including high-performance tyres, conductive plastics, novel…
BASF invests in pyrolysis oil firm Pyrum
German chemical firm BASF SE is to invest EUR16 million into Pyrum Innovations AG, a technology company specialised in the pyrolysis of waste tyres, headquartered in Dillingen/Saar, Germany. With the investment, BASF will support the expansion of Pyrum’s pyrolysis plant…
Renewed interest in pyrolysis oil could spark revenue increase, says Enviro
The recent heightened interest in pyrolysis oil – extracted from end-of-life tyres (ELT) – and indications relating to prices and demand by consumers has led Scandinavian Enviro Systems (Enviro) to believe a recycling plant using Enviro’s proprietary technology could strongly…
Malaysian companies jumping on the glove market bandwagon
With the Malaysian rubber glove market at a boom at the moment, given the virus pandemic and rising need for gloves globally, a host of companies have laid out plans to enter the industry. The recent additions include companies that…
Yokohama India doubles capacity at Haryana plant after expansion
Yokohama India, a wholly-owned subsidiary of The Yokohama Rubber Co., Ltd. is to double capacity at one of its plants located in Bahadurgarh, Haryana, to 1.6 million tyres per year; the initial capacity was 0.7 million tyres manufactured per year.…
Michelin lowballs 2020 free cash flow at less than initial US$1.7 billion
Cautious of the economic impact following COVID-19, French tyremaker Michelin has opted to cut their earnings targets – the company now expects its 2020 free cash flow will come in at more than 500 million euros (US$588 million), down from…