Chemicals giant Dow is to construct a new, high-value silicone resin facility at the company’s integrated Zhangjiagang manufacturing site in Jiangsu, China. High-value silicone resin is an advanced predecessor of differentiated silicone – the new plant is expected to supplement…
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Vietnam’s HAGL Agrico to sell rubber division to Thadi
Vietnamese agricultural developer Hoang Anh Gia Lai Agricultural (HAGL Agrico) is to sell off its subsidiary Indochina Rubber to Thadi Agriculture. Indochina Rubber processes rubber products and is involved in local afforestation and forest conservation efforts, construction and trading industrial…
Michelin owns 99.6% of Indonesia’s Multistrada shares
French Group Michelin has recently acquired additional share capital of Indonesian tyre manufacturer Multistrada Arah Sarana (Multistrada) after a public offer for the company’s outstanding shares – Michelin’s interest in Multistrada now stands at 99.64%. In March 2019, Michelin initially…
Nexen Tire, Plug and Play team up for tyre/mobility development
Nexen Tire has roped in Silicon Valley’s market accelerator, Plug and Play, for future technology development and business initiation in the tyre/mobility industry. The partnership will also enable Nexen Tire to realise its ‘open R&D’ philosophy through strategic collaborations and…
Nokian Tyres completes construction of new Finnish R&D Centre
Nokian Heavy Tyres (Nokian) is set to begin production from a vast new R&D Centre in Nokia, Finland, by end-2019. The premium tyre manufacturer has put in nearly EUR€70 million into increasing production of commercial tyres (by 50%), doubling new…
China launches anti-dumping probe into synthetic rubber imports
China’s Ministry of Commerce (MOC) has said that it will start an anti-dumping investigation into imported ethylene propylene diene monomer (EPDM) products from the US, South Korea and the European Union, following a request from major petrochemical producers.. The investigation…
Apollo presents new tyre brand for Indian LTs
India’s fast growing light truck (LT) vehicle category reportedly demands over 100,000 tyres monthly; from a spike in rural demand which is supported by improved logistics connectivity. As such, Apollo Tyres has launched EnduMaxx tyres, exclusively for the pick-up truck.…
Bridgestone provides anti-damage tech for Tokyo 2020 Games
Japan’s Bridgestone Corporation has supplied its renowned seismic isolation bearings to two new home venues for the Tokyo Olympic and Paralympic Games in 2020. As a global partner for the Games, Bridgestone will provide advanced earthquake protection technology to the…
Marangoni spins off tyre making equipment business
Italy’s Marangoni has spun off its Meccanica tyre manufacturing equipment business. Marangoni Meccanica is now separate from the main business of the Marangoni Group, it said recently in a statement. As a standalone entity, Meccanica is now owned by a…
Hankook Tire to supply Toyota’s all-new 2020 Corolla
Seoul-based Hankook Tire will partner with automaker Toyota to provide original equipment (OE) tyres for the latter’s upcoming 2020 Toyota Corolla, a bestseller in the US market. The agreement will see Hankook Tire’s Kinergy GT (H436), a premium all-season tyre,…