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Tokai builds up European base through acquisition

JAPANESE firm Tokai Rubber Industries (TRI) is acquiring the entire share capital of Anvis Group, a Germany-based manufacturer of automotive anti-vibration systems (AVS) serving European OEMs on a global basis. The acquisition will allow TRI to further expand its European…

Booming rubber tree business in Philippines

The Department of Trade and Industry (DTI) in Quezon is collaborating with a private group that will invest in a rubber tree plantation within the province. Pablito Budoy of DTI-Quezon said at present, a rubber tree plantation in Gen. Nakar and Real, Quezon can be expanded with the aim of supplying the local and world market with raw materials for car tires, rubber slippers and other items made of rubber.

Michelin to expand its US facility

MICHELIN North America will invest US$200 million to expand its Starr manufacturing plant to increase the company’s output of rubber compound material used to build tyres in the US. The company expects the investment to create more than 100 new…

Indian firm sets up tyre plant in Bangladesh

HARSH Goenka-led RPG Enterprises has decided to set up the first large-scale tyre manufacturing plant in Bangladesh. CEAT ltd, an RPG firm and India’s leading tyre manufacturer has contracted a joint venture agreement with Bangladesh leading business conglomerate AK Khan…