French tyre manufacturer Michelin has announced the inauguration of its first zero-emissions plant in Les Gravanches, near Clermont-Ferrand, France. The plant manufactures about 5,500 ultra-high performance tyres for luxury cars/motorcycles daily; automated production by its electric machinery also supplies “residual…
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Maxxis to build up to five tyre factories in India as part of 2025 global target
Taiwanese tyre manufacturer Maxxis Group (Maxxis) is planning to build at least five factories in India as it expects the country to play a significant part in its chase to become a global player by 2025, alongside Indonesia. Maxxis is…
Elysium Nordic gains environmental approval for pyrolysis plant development
The Danish company Elysium Nordic, which intends to establish a material recycling plant based on Enviro Systems’ pyrolysis technology, has recently been granted an environmental permit by the Teknik-og Miljøafdelingen in Nyborg Municipality, Denmark. Scandinavian Enviro Systems has been duly…
Orion’s rubber black earnings fall in Q4/2019, reflecting low demand
Weak demand in the tyre and mechanical rubber goods (MRG) industries has diminished business by worldwide supplier of specialty and high-performance carbon black, Orion Engineered Carbons (Orion). The company’s net sales decreased 19.8% year-on-year to US$207.7 million in the last…
Sailun earmarks US$286 mn to expand TBR capacity in China
Chinese tyre manufacturer Sailun Tires (Sailun) has set aside US$286.4 million as it plans to build new production facilities for its truck and bus radial (TBR) tyres at an existing site in Liaoning, Shenyang province. The 114,000 sqm. project will…
Semperit plans strategic realignment; to “transform” into an industrial rubber specialist
Rubber manufacturer Semperit Group (Semperit) is to focus on becoming an industrial rubber specialist as it sees “higher earnings and profitability potential” within the industrial sector. However, Semperit will also separate from its medical business due to the increased investment…
Warburg Pincus to invest approx. US$150 million in Apollo Tyres
New York-based Warburg Pincus is investing in “compulsorily convertible preference shares” issued by India’s Apollo Tyres. Compulsorily convertible preference shares are defined as shares that the purchaser plans to convert into ordinary shares after a predetermined date; converting preference shares…
4JET acquires tyre inspection business of Hennecke Systems
The 4JET Group (Alsdorf, Germany) has acquired the TIS testing systems business unit for tyres and wheels from Hennecke Systems. TIS systems are based on Hennecke Systems’ know-how in industrial image processing and enable optical 2D and 3D inspection of…
Yokohama adds three new commercial models to truck tyre range
Yokohama Tire has launched a set of three new commercial truck tyres – the 504C and 115R, a pair of all-position models and the 714R, for urban pick-up/delivery; Yokohama will also expand the size range of the 715R open-shoulder regional…
Linglong Tire’s SSE placement to raise funds for Hubei plant
Chinese tyre manufacturer Shandong Linglong Tire (Linglong) plans to raise up about US$289 million for its ongoing Jingmen project in Hubei province, China, through a public placement on the Shanghai Stock Exchange (SSE). The Jingmen project is the company’s fourth…