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Lanxess begins production at new EPDM plant in China

German chemicals firm Lanxess has started production at its new ethylene propylene diene monomer (EPDM) plant in Changzhou, China. With the gradual ramp-up of the new plant, the company completes its global EPDM rubber asset base. Over the next few…

Freudenberg-NOK releases new sealing technology

Freudenberg-NOK Sealing Technologies has developed a sealing technology for roller bearings used in challenging steel-plant applications, the company said on April 29. Radial shaft seals for roller bearings in steel plants like those used for work rolls are replaced after…

Canadian Tire to acquire 12 former Target locations

Canadian Tire is set to take over 12 leases on former Target Canada stores, the company announced Wednesday. Canadian Tire said the deal for the locations will cost US$17.7 million, and is subject to approval by the court-appointed trustee monitoring…

Apollo Tyres to invest Rs 1,500 cr at Chennai unit

Apollo Tyres is planning to invest around Rs 1,500 crore to expand its truck-bus radial (TBR) tyres capacity at its plant here to 9,000 units a day. Satish Sharma, president – APMENA (Asia-Pacific, Middle East and North Africa) region at…

Michelin buys Black Circles for £50m

One of Scotland’s most successful entrepreneurs has sold his tyre-fitting business for £50m to Michelin. Mike Welch, chief executive of Blackcircles.com, can expect to gain a third of that sale price, while staying with the company. He started selling tyres…