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Sweden and Norway in jv for tyre recycling

Tyre recycling companies Swedish Tyre Recycling and Norwegian Tyre Recycling are entering into a joint venture for the management of end-of-life tyres in both countries. All operational activities will be coordinated through Bon Orbit, a jointly owned company between the two…

Zeon launches IoT platform at facilities

Japan’s Zeon Corporation says it has developed and begun operating a new IoT platform to support companywide smart factory initiatives. The platform enables Zeon to visualise and leverage the diverse data generated at its manufacturing sites and R&D centre, helping…

ContiTech to expand US facility, invests US$85 mn

German firm Continental’s group sector ContiTech announced that it plans to invest more than US$85 million to expand its manufacturing operations in Mount Pleasant, Iowa. The plant expansion includes construction of a compounding centre that will integrate production, warehouse and…

Elkem supports silicone supply chain in Saudi Arabia

Silicone firm Elkem’s agent and distributor for silicone products in Central Europe, Middle East and Africa, Silstar, has entered into a joint venture with Saudi Multichem, a company specialising in the supply and formulation of chemical solutions, to establish the…

Yokohama Rubber to double capacity at Mexican plant

Japan’s Yokohama Rubber Co has announced that its Mexican subsidiary, Yokohama Industries Americas de Mexico, S. de R.L. de C.V. (YIA Mexico), will expand its production capacity. YIA Mexico manufactures air conditioning and transmission oil cooling hose assemblies for the…

Infra investment firm to acquire Liberty Tire Recycling

I Squared Capital, a global infrastructure investment firm headquartered in Miami, has signed an agreement to acquire Liberty Tire Recycling from Energy Capital Partners, a leading investor in energy transition infrastructure. The acquisition adds Liberty to I Squared’s expanding portfolio…