French tyre maker Michelin and Jihua, Chinese textile and technical apparel titan, have formalised a partnership, to forge an alliance to take a giant step in high-performance soles and technical footwear. Their aim is to ultimately become a global leader…
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Michelin to expand tyre plant in Germany
French tyre maker Michelin has acquired a 70,000 sq m land plot alongside its facility in Bad Kreuznach, Germany, an area that will be used to expand its tyre plant. The land is part of the ‘Marshall Kaserne’ site, a…
GHX buys subsea hose supplier
Houston-based GHX Industrial, a subsidiary of The United Distribution Group, has acquired the operations and assets of Houston-based Hose & Fittings (HFI), an ISO 9001: 2008 certified company that is a fabricating distributor and key supplier to oilfield companies and…
69 Bridgestone workers to lose jobs
Japanese tyre maker Bridgestone’s US-based farm tyre manufacturing plant will lay off 69 workers beginning this week due to dropping demands for farm workers. The laid off workers will receive 80 % of their salary as stipulated in the company’s…
Local carmakers to dominate Malaysian car market, institute says
The Malaysian Automotive Institute (MAI) predicts that Malaysian carmakers Proton Holdings Bhd and Perusahaan Otomobil Kedua Sdn Bhd (Perodua) will dominate the local car market by 52 %. “Based on the new models and the variant planning of the national…
Bridgestone announces new tyre technology development
Japanese Bridgestone Corporation has a new technology that estimates tyre wear and tread depth, based on the Contact Area Information Sensing (CAIS*1) concept. The new technology sensors attached to the inside of tires prevents tyres from becoming worn or losing…
Bain Capital Partners attempts control of Ti Automotive
American private equity firm Bain Capital Partners recently attempted to seize control of British manufacturer TI Automotive. It was their third time doing so. The firm is working on a £1.2bn takeover of the company which produces part of cars…
Standard Profil opens its 10th global plant in Mexico
Automotive sealing manufacturing company Standard Profil recently unveiled its 10th global plant in Mexico. The plant runs on cutting-edge technology and was built in 9 months on a total budget of US$36 million. “We always aim to be closer to…
Toyo R888R debuts at Essen Motorshow
The new Proxes R888R track tyre by Toyo Tire Europe GmbH recently made its debut at the Essen Motorshow in Germany. The line succeeds the Proxes R888 which the company says have been used to win various championships, including 2014…
Dmack secures £3.5m investment from Maven
Tyre brand Dmack, famous for being the second tyre supplier in the 2011 FIA World Rally Championship has secured an investment of £3.5m from private equity managers Maven. The investment is expected to fund the next wave of the company’s…