Specialty chemicals company Synthomer has acquired BASF Austrian SBR business and assets (“the business”) for EUR30 million. The Business produces Styrene Butadiene Rubber (“SBR”) used in the paper industry, notably in packaging end-markets. It operates from one site in Pischelsdorf,…
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Pirelli all set for re-listing on Milan exchange
Italian tyre maker Pirelli will price its initial public share offering (IPO) at EUR6.50 per share, offering up to 40% of its shares, or 350 million shares. It expects to raise between EUR2.27 to 2.6 billion, depending on whether an…
Cabot and Dow celebrates launch of Cabot’s new world-class fumed silica plant
Chemical companies Cabot Corporation and DowDuPont (or “Dow”) recently came together to launch Cabot’s new world-class fumed silica plant in western Kentucky, USA. The launch coincides with the 50thanniversary of the Dow site in Carrollton and celebrates the Company’s history of innovation…
The Malaysian Rubber Board (MRB) is pushing for rubberised roads in order to stabilise rubber price
The Malaysian Rubber Board (MRB) is pushing for rubber bitumen to be used in new road construction through a policy starting the middle of next year, its Research and Innovation Deputy Director-General Dr Zairossani Mohd Nor said. He said if…
Apollo re-enters race to acquire South Korea’s Kumho Tire and Industries
Apollo is again vying for the acquisition of South Korea’s Kumho Tire and Industries after its sale to a Chinese bidder collapsed over tension in the Korean peninsula impacting deal valuations, said several people aware of the matter. Chinese tyre…
Pirelli confirmed the official tyre supplier for the 2019 and 2020 seasons of MOTUL FIM Superbike World Championship
Italian tyre giant Pirelli has been confirmed as the official tyre supplier for all classes of the MOTUL FIM Superbike World Championship for the 2019 and 2020 seasons. The confirmation came after its agreement with Dorna, the promoter and organiser…
Vredestein creates bicycle tyre with rubber made from dandelions
Netherlands-based tyre manufacturer Vredestein unveiled a prototype of a bicycle tyre it has created with rubber made from dandelions. The company introduced its Fortezza Flower Power at the Eurobike exhibition in Friedrichshafen earlier this year. The road tyre is made…
Goodyear launches airless tyres for commercial mowers
The Goodyear Tire & Rubber Company has launched a non-pneumatic (airless) tyre for commercial mower applications. The turf tyre is the company’s solution for users who want a worry-free tyre performance. The airless tyre is available as an upgrade option…
Vietnam Rubber Group to sell 25% stake worth US$563 mn
State-run Vietnam Rubber Group (VRG) is putting 25% of its stakes up for sale in an initial public offering (IPO), which is worth an estimated US$563 million (12.8 billion dong), the company said. The sale is part of Vietnam’s plans…
Evonik Silica brand profile redesigned
Global silica expert Evonik has completely redesigned the brand profile of its silica business following its acquisition of JM Huber’s silica business this month. “By acquiring the silica business of JM Huber, we are able to offer our customers an…