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…
Author: admin
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…
Bridgestone to close aircraft retread tyre plant in Hong Kong
As part of its restructuring efforts for aircraft retread tyres assets, Japanese tyre maker Bridgestone will close a factory in Hong Kong and relocate capacity to Thailand. The aircraft tyre retread plant will close its doors for the last time at the end…
Seng Fong’s IPO debut on main market to target RM70 mn
Seng Fong Holdings Berhad, a rubber processor producing and trading Standard Malaysia Rubber and premium grade block rubber, made a successful debut on the Main Market of Bursa Securities Malaysia Berhad, opening at RM0.75 per share with an opening volume…
Glove makers reeling from post-pandemic downturn
Malaysian rubber glove makers are facing tough and challenging times as witnessed by the recent “underweight” rating on the glove sector by Hong Leong Investment Bank (HLIB) Research, which also says that the aggressive expansions made by glove makers during the pandemic…
EU safety regulation requires TPMS on truck/bus tyres
Under the new European vehicle general safety regulation, which came into force early July, truck and bus tyres are legally required to have tyre pressure monitoring systems (TPMS). The regulation introduces a range of mandatory advanced driver assistant systems to…
Kordsa cooperates with SES for RFID tags for tyres
Turkey-based reinforcement technology company Kordsa, which claims to cover one out of every three tyres manufactured worldwide, has entered into a collaboration with German connected electronic products and systems firm SES RFID Solutions GmbH. The companies will combine the patented SES technology with Kordsa’s…
Continental acquires belt maker WCCO to strengthen its agri business
German technology firm Continental has acquired family-owned belting manufacturer WCCO Belting headquartered in Wahpeton, North Dakota, US. With this acquisition, the technology company says it complements its conveyor belting customer portfolio and strengthens its Conveying Solutions business in the agricultural…
Continental strengthens conveyor belt business with acquisition
German firm Continental has acquired the conveyor belt systems and services specialist NorrVulk AB, based in Gällivare, Sweden. This acquisition complements the technology company’s portfolio for the sale of conveyor belt systems and related services and strengthens its business with…