Japanese manufacturer of synthetic rubber Zeon Corporation, through its venture capital arm Zeon Ventures Inc, says it has invested US$50 million in Verdagy, a US start-up that has developed scalable, cost effective green hydrogen electrolysis technology. In addition, Zeon plans…
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Junchuang on US$21 million expansion plan in US
Chinese LSR moulding firm Junchuang’s North American subsidiary is expanding its operations to Fort Worth, Texas, with a 55,000-sq-ft manufacturing/industrial facility that will serve as its R&D hub. The US$21 million investment is planned for the facility and is expected…
Nokian Tyres introduces electric fit symbol for EV tyres
What started as a niche market has grown into an interest of the masses, as the number of electric vehicles (EV) bought each year keeps growing globally. With the expanding EV market, tyre design is also affected by the electrification…
Goodyear’s Cobra all-seasons tyre with soybean tread
US-based tyre maker Goodyear Tire & Rubber Company has introduced the Cooper Cobra Instinct, said to be a hyper-responsive, high-performance tyre for all seasons that features tread compound that contains soybean oil, which replaces a portion of the petroleum-based materials…
Bridgestone breaks ground on US$550 mn expansion of US plant
Japanese tyre maker’s US subsidiary Bridgestone Americas recently celebrated the expansion of its Warren County, Tennessee truck and bus radial (TBR) tyre plant located in Morrison with an official groundbreaking ceremony. The US$550 million investment will add 380 new jobs…
Dymag and Hankuk Carbon team up with Hyundai for carbon hybrid wheels
UK lightwheel supplier Dymag and its partner, composites material specialist Hankuk Carbon, are working with Hyundai on the development of advanced new carbon hybrid wheel technology for the car maker’s N Performance products. The first result of the collaboration between…
Sur-Seal acquires Ameritape to expand business
US-based custom sealing solutions firm Sur-Seal has acquired Ameritape, a Florida-based company specialising in custom die cutting, slitting, laminating, and CNC cutting. The acquisition will help Sur-Seal and Ameritape better serve their expanded customer base and continue their recent growth.…
Toyo Tire to close down US auto parts subsidiary
Japan’s Toyo Tire says that it will cease the manufacturing of automotive parts at its US subsidiary, Toyo Automotive Parts (USA), effective October 2023. TAP, which employs around 200 people, will be dissolved as a business entity. TAP has supplied…
Sri Trang Agro-Industry joins GPSNR; reinforces commitment to sustainable rubber production
Sri Trang Agro-Industry Public Company Limited (STA), a major integrated natural rubber company, has joined the Global Platform for Sustainable Natural Rubber (GPSNR) as a member in the Producers, Processors, and Traders category. STA, established in 1987, operates extensive rubber…
ILO study on labour practices for Malaysia’s rubber glove sector
Actions to enhance labour rights, social dialogue and fair recruitment practices are needed to strengthen decent work in the Malaysian rubber glove sector, according to a new International Labour Organisation (ILO) report. The study sets out series of recommendations for…