German automotive parts manufacturer Continental, the University of Southern Denmark (SDU) and France-based École Normale Supérieure de Lyon have received a grant worth 43 million core hours of supercomputer time for their joint basic research project, which aims to drive…
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Michelin takes anew 20% Enviro Systems shares
French tyre maker Michelin has reportedly secured again a total of 20% of the shares in Gothenburg-headquartered tyre recycling company Enviro Systems following the dilution of its holding in May as a result of the completed new issue. The increase in its…
Shin-Etsu Chemical’s Silicone Division invests on carbon neutrality goals
Tokyo-headquartered Shin-Etsu Chemical’s Silicone Division will be ploughing an investment totalling JPY20 billion to curb greenhouse gas emissions (GHG). Shin-Etsu expounded that the Silicone Division’s main manufacturing plant, the Gunma Complex, will reduce the volume of GHG by 14% against…
MRP acquires custom rubber products producer Pawling
Quadion/Minnesota Rubber and Plastics (MRP), a US-headquartered company engaged in material compound development, engineering, design, and manufacturing of custom elastomeric and thermoplastic components and assemblies has acquired Pawling Engineered Products, a Pawling, New York-based custom rubber products manufacturer. MRP, which…
ExxonMobil signs deal for sale of global Santoprene business to Celanese
US-headquartered ExxonMobil Chemical Company has signed an agreement with Celanese for the sale of its global Santoprene business for US$1.15 billion. Sale includes two world—scale manufacturing sites in the US and UK. Related: ExxonMobil Singapore starts up butyl and hydrocarbon resin plants…
Eastman Chemical to sell-off tyre additives business
US-headquartered global specialty materials company, Eastman Chemical Company has entered into a definitive agreement with an affiliate of One Rock Capital Partners to sell the rubber additives, including its Crystex insoluble sulfur and Santoflex antidegradants, and other product lines and…
Bridgestone to sell SR subsidiary in China to LCY Chem
Bridgestone Corporation has planned to sell Bridgestone (Huizhou) Synthetic Rubber Co, Ltd, (BSRC) its subsidiary in China manufacturing synthetic rubber for passenger car tyres, to Taiwan-headquartered LCY Chemical Corporation, a company which operates materials and chemicals business on global basis.…
Kumho to boost NB latex capacity with planned production line
South Korea-based multinational chemical company Kumho Petrochemical is reportedly planning to add a new acrylonitrile-butadiene latex (NB latex) production line to boost its output by nearly a quarter million tonnes. The company, which is touted as the world’s largest NB…
Nokian Tyres inaugurates Russian ultramodern tyre warehouse
Nokian Tyres recently celebrated its new ultra-modern tyre warehouse located in Vsevolozhsk, Russia, which enables a high-tech loading and storage of tyres. The new warehouse has 17,000 sq m of space and automated storage capacity for 550,000 tyres. Together with…
Hankook commissions new Spain test centre
Continuously expanding its testing and development capacity in Europe, tyre maker Hankook debuts its new, ultra-modern building on the premises of Applus+ IDIADA in Spain, which is now in operation. The official inauguration on site will take place as soon…