MICHELIN has inked a partnership deal with a subsidiary of Jakarta-listed PT Chandra Asri Petrochemical to build a US$435 million synthetic rubber plant. In an agreement, the two firms will establish a joint venture, wth Muchelin owning 55% stake, and…
Garden-grown rubber introduced in Sri Lanka
TO COUNTER the decline of rubber planting in the country. Sri Lanka promotes cultivation of rubber in home gardens with new varieties of rubber that can be grown in dry zones, and a cloned rubber variety that can be planted…
Continental metes EUR40 million for global expansion by 2018
THE TYRE division of Continental AG is allocating an estimated EUR40 million for its global expansion plans at its Korbach (Hesse) site in 2018, and as part of its Vision 2025 strategy. The firm says that the investment will not…
Airboss takes over AVS supplier Flexible Products
AIRBOSS of America Corporation has entered into an agreement to acquire all the shares of Flexible Products Co., a privately-owned US company, which supplies innovative and cost-effective anti-vibration solutions to the North American automotive market. Robert Hagerman, President and CEO…
Bridgestone revamps Bari plant
Bridgestone Europe NV/SA implements the conversion of its passenger car tyre plant in Bari, Italy. The closure of Bari plant, which is fully owned by Bridgestone Italia S.p.A., had been announced in early March. But with the conversion plan, the…
Ansell acquires Korean glove maker
AUSTRALIA-headquartered glove and safety protection products manufacturer Ansell Limited, is fully acquiring Korean industrial gloves company, Midas. The Janggye, South Korean-based privately held company, founded in 1998, has posted current sales of approximately US$30 million yearly. Midas, which manufactures and…
Green tyres made easier with Lanxess’s new rubbers
LOW ROLLING resistance tyres make for lesser carbon emissions on the roads. Lanxess, Germany’s synthetic rubber producer and world’s largest manufacturer of NdPBR (neodymium polybutadiene), has made the processing of such energy-efficient tyres even easier with its newly launched NdPBR…
US government shutdown weighs down on rubber
Several US government agencies have shutdown after lawmakers failed to reach an agreement on the fiscal year budget. The deadlock, experts speculate, could weaken the demand for the commodity.
Acme Protection offers non-latex condoms ala “credit card”
ACME Protection Corp has launched the Unique brand of non-latex condoms packaged like a credit card for easy carriage. Unique is the first condom made from Health Canada-approved polyethylene resin material. The Unique condom is thinner and stronger compares to…
Yokohama breaks ground for new Mississippi truck tyre plant
THE NEWLY-formed Yokohama Tire Manufacturing Mississippi (YTMM), which is a manufacturing subsidiary of Yokohama Tire Corporation, officially broke ground on its new commercial truck tyre manufacturing plant in West Point, Mississippi. The said plant, which will be constructed on a…