German specialty chemicals Evonik Industries, has started up a precipitated silica plant for the tyre industry in South Carolina, US, in response to the high demand from the tyre industry for precipitated silica in North America. It has invested an…
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KKR to cop Minnesota Rubber and Plastics from Norwest Equity Partners
Minnesota Rubber and Plastics(MRP) a leading provider of elastomer and thermoplastic solutions, is to be acquired by KKR, a global investment firm, from Norwest Equity Partners (NEP), a Minneapolis-based middle-market equity investment firm. This transaction marks KKR’s second acquisition of…
SK Capital wraps up SI Group acquisition; brings Addivant into its fold
SK Capital Partners, a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, has completed the acquisition of SI Group, a leading global developer and manufacturer of performance additives and intermediates. The transaction includes the combination of…
Camso launches new manufacturing facility in Peosta
Camso, a US manufacturer and distributor of off-road tyres, wheels, rubber tracks and undercarriage systems to serve the material handling, construction, agricultural and powersports industries has recently inaugurated its new manufacturing facility in Peosta, Iowa. During the opening, guests toured…
Synthetic Rubber: The billion dollar synthetic rubber industry
Hit by trade wars and economic volatilities, the synthetic rubber sector is anchoring in the robust automotive sector to stay afloat…
Marangoni honours the 50th anniversary of a key partner
Marangoni recently celebrated the 50th anniversary of Recauchutagem Ramôa, their major Portuguese client and member of the RINGTREAD network of retreaders. The event was attended by more than 250 participants, including all 110 employees. Guests included Enrico Centi, Area Manager…
Increased growth in transmission belts forecast over the next decade
The global rubber transmission belt market size is expected to reach US$4.41 billion by 2025, with a compound annual growth rate (CAGR) of 3% from 2017-2025. The market has been experiencing an uptake in demand due to infrastructure development, concentrated…
Jolt Capital leads EUR15 mn financing in 4JET to continue growth
Paris-based private equity firm Jolt Capital has pumped in EUR15 million into Germany-based 4JET GmbH, joining shareholders e-Capital, a Münster-based alternative investment fund manager, and CEO/Founder Jörg Jetter to further scale up the company. 4JET, through its subsidiaries 4JET Technologies…
Tyres being lifted from the seabed in France after releasing toxins
Teams of divers are in the process of extracting an artificial reef made of tens of thousands of old car tyres from the seafloor south of France, after it was discovered to pollute the area with toxic chemicals. The operation…
Vietnam’s rubber sector hit by US/China trade war; eyes India for exports
With the escalation of the US/China trade war, the Asian region has fallen victim to the spat. Vietnam’s rubber sector has been affected since China is the largest importer of Vietnamese rubber, for its tyre manufacturing sector. The US government…