Sri Lankan tyre firm Global Rubber Industries (GRI) says it has completed the second phase of its US$100 million capacity upgrade plan for its speciality tyre facility, which is sited next to its more established plant in Sri Lanka. With…
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Toyoda Gosei opens new weatherstrips plant in China
Toyoda Gosei Co. group company Hubei Toyoda Gosei Zheng Ao Rubber and Plastic Sealing Technology (TG Zheng Ao), which produces weatherstrips, door weatherstrips and glass runs, has moved to a new and larger plant in Shiyan, Hubei, China. TG Zheng Ao became a Toyoda…
Birla Carbon adopts green finance framework; raises US$50 mn funding
Carbon black maker Birla Carbon has implemented a Green Finance Framework that outlines the criteria and provides guidelines for Birla Carbon to finance eligible Green Projects through Green Loans or Bonds as well as successfully concluded the first Green Finance…
Monolith raises US$300 mn for hydrogen and carbon black technology
Monolith, a global leader in clean hydrogen, carbon black and ammonia, has obtained an investment round of more than US$300 million. Led by TPG Rise Climate, the climate investing strategy of TPG’s global impact investing platform TPG Rise, with Decarbonization…
Schwalbe develops recycling system for used bicycle tyres
Bicycle tyre specialist Schwalbe says it has started a pilot project for a recycling system for used bicycle tyres, working together with the Technical University of Cologne, University of Applied Sciences, and recycling specialist Pyrum Innovations, creating what it says is a “holistic recycling…
Momentive to relocate hq; to build R&D centre
Silicones maker Momentive Performance Materials group (Momentive) says it will relocate its global Corporate Headquarters from Waterford, New York, US, to the former SI Group location on Balltown Road in Niskayuna. This is the first step in a plan to…
Birch branches out to India; expands market reach
UK-based rubber additives firm Birch Chemicals has opened its first international arm – which includes a new base in India, designed to service the Asian market. The recent launch of Birch Chemicals India includes a facility in Maharashtra (a state…
Semperit invests EUR110 mn in Czech hose facility
Alongside ongoing M&A activities, the Austrian publicly listed Semperit Group has set out its plan to boost organic growth at its huge hose factory in Odry in the Czech Republic. A total of EUR110 million will be invested into extending…
GPSNR sets out to correct lack of equity in rubber supply chain
Members of the Global Platform for Sustainable Natural Rubber (GPSNR), who represent 55% of the rubber value chain, convened their annual General Assembly recently, where they defined and charted out a path for a concept they call shared responsibility. This concept…
Michelin buys US street scanning start-up RoadBotics
French tyre maker Michelin says that it has acquired US-based RoadBotics Inc., a start-up that specialises in the analysis of road infrastructure images it captures with smartphones. Terms were not disclosed. Michelin says the acquisition of RoadBotics will enable it…