The acquisition directly enhances the company’s transmission product portfolio and advance its leading position as a global, vertically integrated sealing solutions provider
Category: Investments
Sumitomo bolsters rubber output at Saudi Arabia plant
Sumitomo Chemical announced that its Rabigh II Project in Saudi Arabia has been approved. The company will move ahead by finalizing various project elements, such as agreements for engineering, procurement and construction (EPC) and other project contracts, as well as…
Pirelli buys Swedish tyre retail chain Däckia
According to Pirelli, the move is in line with its strategy of reinforcement on markets with strong growth in high-end, high margin segments.
Sinopec Signs Cooperation Agreement with Sibur
The joint venture will use patents and technologies from Sibur to produce nitrile butadiene rubber and isoprene rubber
LANXESS sets its sights on Turkey’s growing market
Lanxess officially opened its new subsidiary in Istanbul, Lanxess Kimya Ticaret Ltd. will manage the company’s business in this growing market in the future
Walki opens Russian plant
Walki Group, which makes technical laminates including facings for rigid foam, has opened a plant in Svetogorsk, Russia. According to the company, the new plant is located at the ZAO International Paper pulp and paper mill, cementing further the group’s…
Goodyear took full ownership of Nippon Giant Tire
Goodyear Tire & Rubber bought the majority stake in Nippon Giant Tire back in 1985, for an undisclosed sum. Now the company has acquired 100% ownership of its Nippon Giant Tire (NGT) subsidiary in Tatsuno, Japan. Goodyear has purchased the…
Pirelli to Invest US$300 Million in Mexico
Pirelli inaugurated a new factory in Mexico, in Silao, in the state of Guanajuato. The new plant, Pirelli’s first in Mexico and the 22nd tire plant worldwide, is mainly focused on the premium segment, producing high performance and ultra-high performance…
Nexen’s Changnyeong plant on stream
Nexen Tire Corp announced that its factory in Changnyeong, South Korea is now on stream. The light tyre factory, Nexen’s second in Korea and third overall, will produce 3 million consumer tyres in 2012. Next year, the company will double…
Top Glove to spend on automation upgrades
Glove maker, Top Glove Corp Bhd announced that it will invest about RM40 million (approximately US$12.5 million) this year to upgrade its production lines as part of a strategy to mitigate the effects arising from the minimum wage to be…