Sri Lankan tyre maker Global Rubber Industries (GRI) has unveiled a visionary strategy aimed at dramatically increasing its presence and sales in the agricultural tyre market worldwide, according to Founder/Managing Director, Prabhash Subasinghe. It expects to extend significantly across key…
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Hexpol invests in devulcanisation in Europe
The rubber compounding arm of the Hexpol Group has announced an investment in a devulcanisation line in Europe. This allows the company to offer mechanical devulcanisation of rubber in-house and supports the transition to a circular economy. For years, Hexpol…
Lanxess focuses on rubber additives for sustainable tyre production
In order to meet the sustainability targets of the tyre manufacturers – namely, to produce completely “green” tyres by 2050 – specialty chemicals company Lanxess adds it offers the first sustainable antidegradant for rubber compounds. Over 50% of the contents…
Goodyear to shutdown tyre plant in Malaysia
As one of its cost-cutting exercises globally, US tyre maker Goodyear plans to shut down its plant in Malaysia in June, a decision expected to affect more than 500 employees. Goodyear said the decision to shutter the plant in the…
Guizhou Tyre to invest in tyre facility in Vietnam
China’s Guizhou Tyre is planning to invest US$228 million to build a new factory in Vietnam. The tyre maker plans to set up the new automated production factory near its plants in T?nh Ti?n Giang, it said recently. The plant…
Marubeni to invest in German rCB firm
Japan’s Marubeni Corporation says it has concluded an agreement with RCB Nanotechnologies GmbH to acquire RCBNano shares through the underwriting of a third-party allotment for new shares. RCBNano, which is headquartered in Germany, is currently constructing a plant to produce…
Bridgestone to invest EUR200 mn in Spanish tyre plant
Tyre maker Bridgestone EMEA has announced a historic investment of up to EUR207 million in its Burgos passenger tyre manufacturing site in Spain, one of its largest to date in Europe. The investment aims to raise tyre manufacturing at the…
South Korean firms jointly develop tyre from recycled PET
To reduce carbon emissions, the South Korean industrial sector has developed and commercialised what it says is the country’s first tyre using chemically recycled polyethylene terephthalate (PET). South Korean companies SK Chemicals, Hyosung Advanced Materials, and Hankook Tire & Technology…
Firemax to pump in US$190 mn in tyre facility in Cambodia
Chinese tyre maker Shouguang Firemax intends to invest in a new production facility in Cambodia, according to a filing with Chinese tax authorities. The company expects to invest US$190 million in the tyre facility with an expected capacity of 8…
Titan acquires tyre maker Carlstar for US$300 mn
US-based Titan International, manufacturer of off-highway wheels, tyres, assemblies, and undercarriage products, has announced the acquisition of Carlstar Group for approximately US$296 million in a transaction consisting of cash and stock, which closed recently, subject to completion of the wire…