Repsol and the Mexican company, Grupo Kuo, reached an agreement to extend their current joint venture, Dynasol, which will become a leading player in the synthetic rubber market. It will be among the world’s top 10 companies in that sector.…
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JyTech expanding TPV compounding in N.A.
JyTech Polymers Inc. plans to install a custom compounding line for thermoplastic vulcanizates at Buckeye Polymers’ plant in Lodi, Ohio. The line will use Buckeye’s post-consumer polypropylene, a feedstock that “has properties and stability similar to virgin material and has…
Continental buys Elektrobit’s automotive division
Continental AG has bought Elektrobit Oyj’s automotive division for 600 million euros (US$677.5 million) to meet growing demand for electronics and safety technology. The greater use of electronics and software in vehicles, and the ability of cars to connect to…
Formula One opens tyre tender for 2017-19
Formula One has formally opened the tyre tender for a sole supplier to the series for three seasons from 2017, with interested parties invited to apply by June 17. Pirelli’s current contract expires at the end of 2016 but they…
Elgi Rubber buys US tyre recycling equipment firm
Elgi Rubber Company Limited, a raw material, equipment, tools and accessories manufacturer headquartered in India with subsidiaries in Australia, Brazil, Kenya, the Netherlands, Sri Lanka, and the US, has acquired controlling stake in the US-based Cincinnati Retread Systems, which produces…
Proto Labs expands capabilities with medical-grade LSR
US injection moulding and CNC machining specialist, Proto Labs adds medical-grade liquid silicone rubber to its mouldable materials list; increasing its quick-turn injection moulding capabilities. The Minnesota-based firm now offers Dow Corning QP1-250 mouldable silicone in addition to its standard…
APM Hexseal develops silicon rubber-moulded sealing solution
US industrial sealing manufacturer, APM Hexseal developed the Pushbutton Boot, with a flare that is well-suited for a variety of industrial, military, medical, marine and many other demanding applications. The APM 1231/46 sealing boot provides an additional layer of protection…
India rubber industry bucks import duty hike
India’s import duty on natural rubber increased to 25%, and this has displeased tyre manufacturers and the rubber industry, according to report. The industry contends that the hike counters the government’s vision of Make in India, as the import duty…
Kedah to expand automotive industry
Malaysia’s Kedah government plans to expand the Kulim Hi-Tech Park (KHTP) and Gurun’s automotive industry in Kedah, as both have attracted foreign investors to the state, according to report. Chief minister Datuk Seri Mukhriz Tun Dr Mahathir said efforts will…
Michelin and Barito Pacific on JV for green rubber, reforestation
French tyre maker Michelin, and Indonesian diversified resource-based enterprise Barito Pacific Group (BPG), formed a joint venture (jv) for producing natural, eco-friendly rubber. According to the terms of the agreement, this new jv will be owned 53% by BPG and…