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Reliance and Sibur to set up rubber facility in Gujarat

The Financial Express reports, “Reliance Industries has joined hands with Russia’s Sibur to set up a butyl rubber manufacturing plant in Gujarat. The agreement would be highlighted during Russian President Vladimir Putin’s visit to India, starting Wednesday, said Russian Ambassador…

Giti tyre plant bidding suspended

Bidding for construction at Giti Tire’s new plant in Chester County, S.C., has been halted until a lawsuit challenging the process has been resolved. This legal action pulls into question when construction on the plant might begin. On Dec. 1,…

IVL to acquire Performance Fibers; adds on to auto portfolio

Thailand-headquartered PET integrated manufacturer Indorama Ventures (IVL) has reached a definitive agreement to acquire one of the world’s premium automotive fibre businesses, Performance Fibers Asia, including all its Asian manufacturing operations and the right to continue using the name Performance…