UK biotech firm QuberTech says it has raised £3.4 million in combined grant funding and equity investment to accelerate development of sustainable natural rubber from specially engineered dandelions. QuberTech claims it has developed an alternative approach using advanced biotechnology to cultivate high-yield dandelions…
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Continental opens Thai tyre plant expansion
Tyre maker Continental recently officially inaugurated the expansion of its tyre plant in Rayong, Thailand. The investment of more than EUR300 million boosts the facility’s production capacity by an additional 3 million passenger car and light truck tyres/year. The expansion…
Wacker reduces stake in Siltronic; completes sale of shares
In a bid to strengthen its financial position, German firm Wacker Chemie says it has successfully placed 2.1 million shares of Siltronic AG at a price of EUR89.35 per Siltronic share. The placement corresponds to 7% of Siltronic’s capital stock…
Aeolus Tyre to invest US$400 mn to build Egyptian plant
China’s Aeolus Tyre has revealed plans to invest almost US$400 million to build a plant in Egypt, to expand its overseas market presence. To be sited in Alexandria, the new plant will have a capacity of 1.5 million truck/bus tyres/year…
Pyrum receives rCB delivery approval from Continental
Tyre recycler Pyrum Innovations says it has received unlimited delivery approval from tyre manufacturer Continental for its ThermoTireBlack (TTB; rCB) produced at the new milling and pelletizing plant at its headquarters in Dillingen/Saar. As a result, Continental has now officially…
Apollo Tyres outlines investment/expansion plans in India/Europe
Indian tyre maker Apollo Tyres says it is investing ?3,500 crore in Capex, with ?3,000 crore dedicated to the Indian market and ?500 crore for European operations in FY2027. The plan prioritises growth and capacity expansion (80% of total outlay)…
HF opens second unit in India; expanding after takeover
Machinery firm HF Group has continued to strengthen its global footprint with the opening of an additional unit in India. The new unit represents a further step in HF Group’s ongoing investment in India, supporting closer collaboration with customers and…
Goodyear to close North Carolina tyre plant; 1,700 job cuts
Tyre firm Goodyear may shut down a factory next year that employs 1,700 workers in Fayetteville, North Carolina, US, as part of a domestic restructuring plan. Goodyear, known for its namesake brand as well as Cooper Tires and Dunlop, is…
Wacker to reduce workforce by 1,600 in Germany
German chemicals firm Wacker Chemie AG says it is continuing to drive forward its global Pace cost-savings and efficiency programme launched in October 2025, with the aim of reducing costs by over EUR300 million a year and to thereby strengthen…
Pirelli to start production of “cyber” tyres in US
Italian tyre maker Pirelli says it is reinforcing its long-term commitment to the US with a key step in its product and industrial strategy. Its plant in Georgia, which it says is already dedicated to technologically advanced products for the…