French tyre maker Michelin Group has inaugurated what it says is its first global “future factory” in Shanghai, with a total project investment of about US$420 million. The facility represents the second phase of the expansion project of Michelin’s Shanghai plant.…
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Cabot/Dunlop tie-up for use of recycled carbon in tyres
Japan’s Dunlop (Corporate name: Sumitomo Rubber Industries Ltd), has entered into a MoU with US carbon firm Cabot Corporation to evaluate the commercial adoption of circular reinforcing carbons made with Cabot’s patented regenerated carbon technology. This circular reinforcing carbon powered by Cabot’s Evolve Sustainable Solutions incorporates…
Lummus invests in InnoVent Renewables to advance tyre recycling technology
Process tech firm Lummus Technology has announced an investment in US-based recycler InnoVent Renewables to accelerate deployment of its proprietary tyre recycling technology. Terms were not disclosed. It is estimated that over 1 billion tyres end up in landfills every…
Yokohama Tire mulls closing US plant; to lay off staff
Japan’s Yokohama Tire has said that it will lay off around 400 employees at its Salem plant in the US due to cuts in production and is further mulling over the closing of the facility. Yokohama Tire said that the lowered…
Triangle Tyre to invest in facility in Cambodia
Chinese tyre maker Triangle Tyre is investing around US$460 million to build its first overseas manufacturing base in Cambodia, a move aimed at optimising its international market layout. According to a statement released, the company plans to build production lines…
JK Tyre inaugurates expansion of Indian plant for passenger tyres
Indian tyre industry major and a market leader in the radial tyre segment, JK Tyre & Industries Ltd, says it has inaugurated the Phase III of capacity expansion and modernisation at its Passenger Car Radial (PCR) manufacturing facility at Banmore,…
Michelin acquires US firms; reinforces polymer composite solutions business
French tyre maker Michelin has accelerated its growth with the acquisitions of Cooley Group and Tex Tech Industries, both market leaders in coated fabrics and specialty textiles. It added that the deals are fully financed in cash, financial strength intact;…
Metso expands in China with new rubber products factory
To meet growing demand and improve service for its regional customers, mining services provider Metso is investing in a new rubber products plant in Quzhou, Zhejiang Province, China. The new factory will offer rubber and Poly-Met mill linings, as well…
Trelleborg acquires tooling and automation specialist for LSR
Sweden’s Trelleborg Group, through its business area Trelleborg Sealing Solutions, has signed an agreement and finalised the acquisition of the Austrian company Nexus Elastomer Molds GmbH. The company provides advanced, customised tooling solutions and automated manufacturing cells, primarily for liquid…
Pyrum/Unitank tie-up to build tyre recycling facilities in Europe
Tyre recycler Pyrum Innovations from Saarland and Hamburg-based Unitank Holding GmbH & Co, an operator of independent tank farms, signed a shareholder agreement to establish a joint venture. This partnership will lay the foundation for the construction of five to…