Bridgestone is to invest US$41 million on the digitisation of eight European tyre manufacturing plants, to create factories of the future. The investment is to be spread out over the next four years and will enable Bridgestone to meet customer…
Category: Investments
Michelin owns 99.6% of Indonesia’s Multistrada shares
French Group Michelin has recently acquired additional share capital of Indonesian tyre manufacturer Multistrada Arah Sarana (Multistrada) after a public offer for the company’s outstanding shares – Michelin’s interest in Multistrada now stands at 99.64%. In March 2019, Michelin initially…
Marangoni spins off tyre making equipment business
Italy’s Marangoni has spun off its Meccanica tyre manufacturing equipment business. Marangoni Meccanica is now separate from the main business of the Marangoni Group, it said recently in a statement. As a standalone entity, Meccanica is now owned by a…
SBR market to grow by US$8.2bn by 2026
Styrene butadiene rubber (SBR) derivatives are of great use in automotive and industrial applications. It is estimated that the SBR market, from a moderate CAGR growth of 4.3%,will value at over US$8.2 billion by 2026. Robust growth in the global…
Continental invests EUR100m into Portuguese production
Premium tyre manufacturer Continental is set to expand its production facilities in Lousado, Portugal, with investments amounting to EUR100 million which will employ cutting-edge technology and create about 100 new jobs. Christian Kötz, of the Executive Board at Continental, said…
Toyoda Gosei invests in robotics service provider
Japanese maker of rubber and plastics automotive parts Toyoda Gosei Co. has invested1 in QBIT Robotics Corporation (Tokyo, Japan), a provider of robotics services, to accelerate development of a practical robot hand with tactile sense using e-Rubber sensors. The investment…
Kossan to spend MYR1.5b on new Malaysian glove city
Glovemaker Kossan Rubber Industries (Kossan) expects to spend close to MYR1.5 billion (US$358.8 million) on its new advanced glove manufacturing plant in Perak, Malaysia. Construction on the 824-acre (333ha) land, acquired at a bargain price of MYR82.4 million from Perak’s…
Michelin to supply Gulf Air’s new Boeing/Airbus fleets
In a longstanding partnership deal, Michelin’s Air X radial tyres will feature on all of Bahrain’s Gulf Air aircraft fleet come 2020. Flag carrier Gulf Air has begun operating their Boeing 787-9 Dreamliner and Airbus 320neo aircrafts that have been…
Guangxi Linglong releases first radial tyre after US$570m investment
Guangxi Linglong Tire, Shandong Linglong’s fully-owned subsidiary, marked the release of its first radial earthmover tyre in May 2019. The production kicks off Linglong’s US$578 million investment into steel, all-steel and engineered tyres, later including some 20 million high-performance semi-steel…
Trelleborg Lanka invests in environmentally-friendly tyre manufacturing
Trelleborg Wheel Systems (TWS) seeks to improve production efficiency with the addition of an advanced biomass boiler to its Sri Lankan plant’s steam production process. The biomass-fired boiler will reduce harmful CO2 emissions by a whopping 90%, simultaneously enabling “greener”…