Japan’s Tokai Carbon is to acquire Sid Richardson Carbon Ltd. (SRC) and its two affiliated companies, with the closing expected by early September 2018. The acquisition price of 34 billion yen will be funded by loans, said Tokai. Tokai says…
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Indorama to acquire Czech tyre cord maker
Thailand-headquartered chemical maker Indorama Ventures Public Company Limited (IVL) has entered into an agreement to acquire Kordárna Plus a.s., the largest producer of tire cord fabrics in Europe. The Kordárna acquisition includes one production site in the Czech Republic and…
Evonik increases its precipitated silica capacity in Turkey by 400 ktonnes
German chemicals firm Evonik Industries is continuing to expand its silica production capacity in response to high demand within the tyre industry. Precipitated silica are an essential ingredient in tyres with reduced rolling resistance and, as part of Smart Materials,…
BMW selects Bridgestone and Hankook tyres for SUV model
BMW-adds-BridgestoneGerman auto company BMW has selected three Bridgestone-brand and three Hankook-brand tyres as OEM fittings on its four-door X3 hatchback sports activity vehicle…
Auto leaders join forces to advance autonomous technology
Autonomous driving is creating a need for a new breed of in-vehicle networking solutions that can transmit data between the increasing number of high-resolution sensors, cameras and processing engines at blazing-fast speeds. Taking this cue, Aquantia, Bosch, Continental, NVIDIA, and…
Omnova to close latex facility in the US; decline in business due to paper sector
Omnova Solutions says that it will close its production facility in Green Bay, Wisconsin, where it makes around 59,000 tonnes/year of styrene butadiene (SB) emulsions, due to a revamp in its US facilities and to cut costs. It will continue operation…
Key factors for choosing silicone solutions in medical device lubrication
There are no lagging moments for the medical devices market worldwide, as demand is growing, against the backdrop of expanding healthcare expenditure as a result of universal healthcare reforms; as well as technology…
ExxonMobil Singapore starts up butyl and hydrocarbon resin plants
Kuraray forms jv with PTT and Sumitomo for butadiene output in Thailand
Japanese chemical firm Kuraray Co. Ltd has entered a into joint venture agreement with Thai petrochemical company PTT Global and chemical firm Sumitomo Corp. to produce butadiene derivatives. Kuraray will have 53.3% share in the jv while PTT and Sumitomo will 33.4% and…
Nokian to increase capacity in Finland; adding on more shifts
Finnish tyre maker Nokian Tyres is planning to increase its passenger car tyre production capacity at its Finnish factory by 30% by changing work shifts. It is currently running three shifts five days a week and by 2019, the factory…