Category: Investments

Sabic and ExxonMobil proceed joint venture

Sabic and US chemical firm ExxonMobil’s joint venture,Al-Jubail Petrochemical Company (Kemya), which is constructing a world-scale speciality elastomers facility, has approved the next stage of project development, including engineering, procurement and construction (EPC). The facility will be integrated with the…

AXA invests in Italian rubber firm

AXA Private Equity has bought a 82.4% stake in Italian rubber component manufacturer Novotema from private equity firm 3i Group that bought Novotema in 2003 for EUR24 million. As part of the transaction, Novotema’s management team acquired the 17.6% of…

Apollo inaugurates training centre

Apollo Tyres inaugurated its first formal training centre for Heavy and Light Commercial Vehicles (CV) drivers. The training centre is located in the busy transportation hub of Ujjain City, in the central Indian state of Madhya Pradesh. In partnership with…