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Ford upgrades with AI deal; to close Brazil plants

Ford Motor’s San Francisco-based micromobility unit Spin has partnered exclusively with Drover AI, a company specialising in artificial intelligence-based internet of things solutions for last-mile transportation. Spin operates with electric scooters in cities and universities in the US and Europe. The…

LafargeHolcim to acquire building products unit of Bridgestone Americas

Switzerland-headquartered building materials specialist, LafargeHolcim  is acquiring US-based commercial roofing and building envelope solutions company, Firestone Building Products (FSBP)  for US$ 3.4 billion. Founded in 1980, FSBP is a business unit of Bridgestone Americas and part of Tokyo-based tyre maker Bridgestone Corporation.…

Momentive to take over KCC’s Silicones business in UK, Sokor

US-headquartered silicones and advanced materials company, Momentive Performance Materials  has reached a definitive agreement to acquire KCC Corporation’s (KCC) Silicones business  in Korea and the UK,  as well as its sales operations in China,  further enhancing Momentive’s global capabilities in advanced…

IRSG forecasts rubber growth to rebound by 7% in 2021

Singapore-headquartered International Rubber Study Group (IRSG), in its latest data on production, consumption, trade and prices, covering both natural rubber (NR) and synthetic rubber (SR), says for the year 2021 total rubber demand is forecasted to rebound by 7.1%, under…