China’s Shandong Linglong Tire held the groundbreaking ceremony for its greenfield tyre factory project in Zrenjanin, northern Serbia, signaling the start of construction for the US$994 million project – the factory will be built in three phases, with the final…
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Continental opens Greenfield facility in Thailand
German corporation Continental has marked the grand opening of its Greenfield Tyre Plant in Rayong, Thailand, on March 27, 2019, with important delegates and around 500 guests. Dr. Somchai Harnhirun, Thai Deputy Minister of Industry, Nikolai Setzer, Member of the…
Tyre materials market to grow by USD$100 bn by 2028
The global tyre materials market has been envisaged by Future Market Insights (FMI) to approach the valuation of USD$100 billion by 2028, after an analysis that offers decisive insights pertaining to the related market and extensive information through organized market…
Goodyear/ Envoy partner for EV fleets
The Goodyear Tire & Rubber Company has announced a new pilot program with Envoy Technologies, a provider of shared on-demand, community-based electric vehicles (EVs). The pilot was launched in early 2019 and is primarily testing services that minimise operational downtime…
Cimcorp establishes new operating base in Chennai
Finnish manufacturer and integrator of robotic handling solutions, Cimcorp will open its new location in Chennai, India, this June, in response to growing demand for local tyre industry automation; the decision to establish a base in Chennai strengthens the company’s…
Saudi Aramco to acquire Sabic in megadeal for US$69 bn
In what is said to be one of the largest deals in the chemical industry, the world’s largest oil/petrochemical firm Saudi Aramco is to acquire a 70% stake in Saudi Basic Industries Corp (Sabic) for US$69.1 billion, from its owner,…
Apollo’s new all-weather tyre for UHP vehicles
Apollo Vredestein, the European subsidiary of Apollo Tyres Ltd., has showcased its latest addition to the all-weather ultra-high-performance (UHP) product segment, the Vredestein Quatrac Pro, in Baden-Baden, Germany on March 22, 2019. The new tyre strengthens the company’s offering in…
Wacker sets up first LSR 3D printing lab in US
German chemical firm Wacker is launching its first US-based Aceo open print lab. Aceo is said to be the world’s first industrial-scale technology for the additive manufacturing of liquid silicone rubber (LSR) components. The new facility, located at Wacker’s Silicone…
Indonesia, Thailand, Malaysia ally to address falling rubber prices
Indonesia is among the biggest producers of rubber next to Thailand, Malaysia and China; however, Indonesian rubber farmers have been hit by low prices since late 2018, prompting the government to find ways to stabilise rubber pricesby forging cooperation with…
GPSNR forms executive committee to boost value of natural rubber
Natural rubber stakeholders convened in Singapore on March 21, 2019 for the inaugural General Assembly of the Global Platform for Sustainable Natural Rubber (GPSNR) – an independent platform that will lead improvements in the socio-economic and environmental performance of the…