Chinese game-player Qingdao Doublestar Group plans to acquire fellow Chinese tyre-maker Shandong Hengyu Technology Group for US$134 million (CNY899 million) in a careful expansion and capacity optimisation plan in 2019. Dongying City, Shandong-based Hengyu Technology Group – also known as…
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Singapore’s Olam International to sell off rubber business and others to reel in US$1.6 billion
Singapore-based agriculture and food major Olam International plans to sell off four of its businesses, including rubber, over the next six years to yield an income of US1.6 billion; and to invest a further US$3.5 billion in its agriculture and…
Market for ground support equipment tyres on the uptrend
The global ground support equipment tyres market is projected to have been valued at US$395.8 million in 2018 and is projected to generate incremental opportunity worth US$233.3 million between 2018 and 2028, says Persistence Market Research in its latest research…
Faurecia/Michelin join forces to develop hydrogen fuel cells
French tyre maker Michelin and automotive parts supplier Faurecia have set up a joint venture bringing together all of Michelin’s fuel cell related activities – including its subsidiary Symbio – with those of Faurecia. Both Michelin and Faurecia will have…
Honda recalls 1.2 mn vehicles for a second time; air bags at fault
Japanese auto maker Honda has recalled 1.2 million vehicles in North and Central America from the model years 2001 to 2016. The recalled vehicles are ones that were already included in the previous long list of Takata recalls for faulty air bags,…
Ravago buys rubber chemicals supplier HB Chemical
TPE supplier Ravago Holdings America has acquired HB Chemical, a distributor for the North American rubber industry representing categories of synthetic rubber, accelerators, plasticizers, antioxidants, waxes and other specialty chemicals required by manufacturers of rubber and elastomer products. The acquisition…
Huebner to set up rubber profiles/seals factory in the US
Germany-based automotive and industrial parts supplier Huebner Group is building a new factory for the manufacture of elastomer products in the US, after securing a major order to supply the New York City subway with gangway systems last year. The…
Enviro’s pyrolysis technology finds a market in North America
Scandinavian firm Enviro’s pyrolysis technology has found a market in the North American market. The company currently has active MOUs with three different tyre recyclers, Treadcraft Ltd and EE-TDF Cleveland respectively, and one in Canada with ArticCan. It also has…
Nynas’ first bio-based tyre oil for sustainable tyres
As the market demand for non-mineral oil-based products continues to increase, Swedish chemical/oil maker Nynas is launching Nytex Bio 6200, the company’s first tyre and rubber process oil to be produced using renewable feedstock. ‘’The tyre industry has an ambition…
Kaolin mineral products supplier expands Georgia facility
Active Minerals International, LLC, the world’s largest supplier of high-quality air-floated kaolin mineral products serving the fibreglass, rubber, adhesive and ceramic industries has begun construction of a new mill at itsfacilitybased in Gordon, Georgia, US. The capacity increase will involve…