French tyre maker Michelin and South Korean car maker Hyundai Motors signed an agreement to develop next generation tyres for electric and luxury vehicles…
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Kerala’s Rubber Industrial Park to aid farmers vs rubber price “crisis”
A first-of-its-kind Industrial park for rubber products manufacturer will be set up in Kerala, India. During the presentation of 2019-2020 state budget, Finance Minister Thomas Isaac announced that the Kerala Government plans to set up an integrated park for rubber…
Canada’s tyre distributor Giant acquired by Trelleborg
The second largest industrial tyre dealer in the Montreal area has been acquired by Trelleborg, a global engineering company that focused on polymer technology. Through Trelleborg Wheel Systems, an agreement of acquisition is sealed with PNEU ICM Inc, a specialized…
NR policies take toll on India’s largest rubber producer
Harrisons Malayalam (HML), India’s largest producer of rubber and other agricultural crops faces profit loss as restrictions on felling old rubber trees and lack of replanting measures continue. A loss of over Rs 100 crores over 13 lakh MT of…
Marangoni scores majority stakes in South African tread company
Italy headquartered retread solutions expert, Marangoni Group has acquired the majority shareholding in the South African tread maker Leader Rubber Company SA (Pty) Ltd. The partnership between Leader Rubber and Marangoni has been ongoing for more than ten years and…
Gevo innovates renewable isoprene for producing rubber
US-based renewable fuels and chemicals manufacturer Gevo Inc has developed a proprietary, breakthrough catalytic process that transforms low-cost commercially available, or even waste by-product, renewable alcohols into renewable isoprene that would be expected to compete head-to-head on price with natural…
Haldor Topsoe to provide technology for Nizhnekams’s isoprene rubber output
Denmark-based catalysis firm Haldor Topsoe has tied up with Russia’s PJSC Nizhnekamskneftekhim for license and engineering services for a new methanol unit with a capacity of 500,000 tonnes/year. Nizhnekamskneftekhim is building its new methanol production plant in Kazan, Tatarstan, in…
VMI expands facility in Poland
Tyre/rubber machinery maker VMI MI Group has expanded its Polish production facility, which started up in 2017. The Dutch firm has added on two further manufacturing halls, following what it says has been “unprecedented success” of the Lezsno plant. The…
Michelin buying majority stake in Indonesia tyre maker; speeds up its entry to SEA
French tyre maker Michelin is acquiring a majority stake in Indonesian compatriot PT Multistrada Ara Sarana Tbk, which makes the Achilles and Corsa tyre brands. Michelin plans to take an 80% stake in the company for US$439 million held by…
Rubber-moulded automotive components market set to expand
Rubber moulded components are widely used in the automotive industry. Raw rubber – in most forms – is readily available and the final product is durable.Functional products can be shaped from rubber materials though a basic process. These products are…