South Korean Hankook Tire plans to build a R&D centre in Sangju City with an investment of KRW240 million until 2020 for the construction of a top-tier proving ground. Covering a total area of 132 ha, it will be the…
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Coatings firm Barrier buys stake in Aquaseal
BARRIER Group, an industrial coatings firm has bought 49% share in Aquaseal Rubber Ltd to assist the latter in business expansion and widening its market scope. Aquaseal Rubber, a family business run by managing director Jason Armstrong and his father,…
Italmatic and Tesco form JV in US
ITALIAN tyre retreading equipment maker Italmatic Group has formed a joint venture (JV) with Tesco of America Inc., a US automotive and tyre industries firm. The new business entity, which will be headquartered in Oakland Park in Florida, will be…
Hankook opens tyre plant in Indonesia
South Korean tyre company Hankook has officially opened its seventh global plant in Indonesia. Located in Lippo Cikarang, Bekasi, West Java, the company’s newest plant will act as an export base for the US and Middle East markets as well…
Delticom purchases compatriot Tirendo for EUR50 mn
Germany-based online tyre trader Delticom is buying Berlin-based online tyre retailer Tirendo Holding and its subsidiaries for EUR50 million. Delticom says it is acquiring a rapidly growing company with complementary strengths in IT and marketing. For Tirendo, Delticom is an…
New US$240 million facilities in Seoul for Hankook
HANKOOK Tire Co. Ltd. will build a US$240 million tyre proving grounds – the firm’s first, and engineering centre on a 1,420-acre site southeast of Seoul over a seven-year period as part of its strategy to improve its global research…
India’s Rubber Board and RRII to embark on new rubber projects
Officially launched by the Rubber Board Chairperson Smt. Sheela Thomas, the first project involves de novo sequencing, assembly and annotation of the whole genome of rubber to develop a database of genes and molecular markers linked to high latex yield, disease resistance, timber yield and resilience to adverse climatic conditions.
K2013: REP acquires Watson Brown HSM
French rubber injection moulding machinery maker REP International has acquired Watson Brown HSM-Berlin, its patented HSM devulcanisation technology as well as its devulcanisation centre. This centre is equipped with an operational devulcanisation line and a test laboratory operated by a…
Toyoda Gosei to start third plant in Mexico
Japanese supplier Toyoda Gosei has set up a new company in Mexico to strengthen its automotive rubber hose production in the US. The new company, Toyoda Gosei Rubber Mexico, S.A. de C.V. (TGRMX), will start production of fuel hoses and…
Armenia to exchange rubber for Iran’s natural gas
According to Armenia’s UDCP official, Iran has shown readiness to receive rubber from Nairit in exchange of natural gas. He said that the price for a tonne of rubber is 6000 US$.