Trelleborg inaugurated its first North American manufacturing facility dedicated to the manufacture of premium radial tires for agricultural machinery in Spartanburg, South Carolina in the U.S. last January 27, 2016. Representing a 50 million USD investment, the 40,000 square meter…
Ba Ria Rubber to sell 20 million shares
Vietnamese rubber company Ba Ria Rubber will sell 20 million of their shares in an initial public offering (IPO) on March 11, 2016. Ba Ria Rubber grows rubber plants and sells them as rubber latex. According to the Ho Chi…
Bridgestone recalls Firestone truck tyres
Bridgestone Americas Tire Operations (BATO) is recalling one size of its Firestone FS561 tire sold in the United States and Canada between April 2015 and January 2016. The voluntary safety recall is limited to FS561 tires in size 255/70R22.5 and…
NN, Inc. to host annual investor day
NN, Inc., a diversified industrial company, will be hosting its third annual investor day on March 24, 2016 at the Westin Grand Central in New York from 9 a.m. to 12 p.m. EST. The event will feature presentations from President…
GEAR 2030 launched to boost growth in the EU automotive sector
The European Commission has launched a new High Level Group for the automotive industry: GEAR 2030. Commissioner El?bieta Bie?kowska, responsible for Internal Market, Industry, Entrepreneurship and SMEs met representatives from the automotive sector in Brussels last January 26, 2016 to…
Dow names Neal Sheorey VP, Investor Relations
The Dow Chemical Company named Neal Sheorey as vice president of Investor Relations for the company. Sheorey succeeds Jack Broodo, who will become business president for Feedstocks and Energy within Dow’s Hydrocarbons business. Sheorey will report to Howard Ungerleider, Dow’s…
Omsk Carbon Group to build plant in Belarus
The construction progress of Omsk Carbon Group’s third production site – a carbon black plant – was discussed in Mogilev. Omsk Carbon Mogilev, the manufacturing facilities, which are being constructed in a Belarusian Free Economic Zone, will commence production in…
Emerson to automate petrochemicals project in Egypt
Carbon Holdings, the privately owned Egyptian petrochemical firm, chose Emerson Process Management to automate Carbon Holdings’ Tahrir Petrochemicals Project at Ain Sokhna, Egypt. Emerson’s initial scope of work is estimated at US$150 million. When completed, the approximately US$6.9 billion Tahrir…
Thai gov’t sets up 3,000 rubber purchase sites
The Thai government opened 3,000 purchase sites across the country to buy rubber from rubber farmers. Ministry of Agriculture and Cooperatives Mr Surapol Jarupong spokesman said that the Rubber Authority of Thailand will buy 100,000 tons of all type of…
Pirelli completes the first test to develop full wet tyre
Pirelli’s two-day wet tyre test, held at the Paul Ricard circuit in the south of France concluded last January 26– with the specific aim of developing the latest generation of full wet tyres. Ferrari, McLaren and Red Bull were present…