German automotive parts manufacturer Continental has acquired a minority stake in US-based start-up AEye Inc., a developer of vision solutions for autonomous vehicles using light detection and ranging technology (LiDAR). Early on in March, Continental also took up an investment in Munich-based…
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Trinseo invests in tyre recycler for sustainable solutions
Materials firm Trinseo has tied up with Switzerland’s Tyre Recycling Solutions (TRS) on a commercial collaboration as well as with an equity investment in TRS. The transaction is expected to close later this quarter, subject to ordinary closing conditions. It did not…
Enviro/Michelin agreement pushed to year-end
Due to the ongoing pandemic, Scandinavian pyrolysis oil firm Enviro Systems and the French tyre manufacturer Michelin assess that a final agreement regarding a strategic partnership is expected to be reached during the fourth quarter 2020 instead of the end of October, which Enviro had previously…
AirBoss acquires defence group from jv partner
AirBoss of America Corp., supplier of custom compounded rubber, survivability solutions and anti-vibration components, has acquired the 45% minority interest in AirBoss Defense Group (ADG) that it does not currently own from Critical Solutions Holdings (CSH). Pursuant to the agreement,…
Green Rubber: Green measures to recalibrate the impact of tyres
The use of green rubber and recycling of end-of-life tyres (ELTs) can mitigate the carbon impact of the tyre industry, says Angelica Buan in this report. Carbon emissions from tyres The evolution of vehicles has taught us lessons on how…
JK Tyre gets new testing equipment from Europe
JK Tyre & Industries Ltd. (JK Tyre), an undisputed market leader in truck/bus radials in India, has recently set up European tyre testing equipment to develop its own brand of puncture-proof tyres. JK Tyre remains optimistic on this front, as…
Showa to expand nitrile glove capacity in US
It is not just in Malaysia that glove makers are expanding. US nitrile glove maker Showa Group, which is the country’s only nitrile glove maker, is doubling production at its Alabama facility. Work on the US$20 million project includes the…
Nynas applies for company reorganisation
Swedish naphthenic base oil manufacturer Nynas AB has filed for company reorganisation at Sweden’s Södertörn District Court. The company says its loans have not been extended by banks and since it cannot pay due debts, it has to apply for…
Increased medical demand a boon for General Silicones
Unlike most companies, Taiwanese specialist silicone products manufacturer General Silicones Co., Ltd. seems to be thriving even during the coronavirus pandemic. The company is said to have experienced an “unprecedented” 65% increase in global demand for its medical-grade products in…
IRSG adds Hong Kong member, China to impose antidumping duties
The International Rubber Study Group (IRSG) has a new member in Hong Kong-based Caravel Group Ltd. – Caravel Group has three primary operating units, Caravel Asset Management, Caravel Maritime and Caravel Resources, that provide “leading maritime services, trading and logistics…