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Hose business strengthened

SWEDEN-based Trelleborg will acquire 60% of French company Bloch, with an option to acquire the remaining shares later. Bloch specialises in solutions and couplings for a wide range of industrial hoses that offer protection in demanding environments, such as chemical…

Continental buys Modi Rubber

The world’s fourth largest tyre maker, Continental, has paid EUR18.5 million for 100% shareholding in Indian Modi Tyres, to push ahead with its plan to produce passenger car and truck tyres in India. Modi Tyres will become a wholly-owned subsidiary…

Tyre additive maker makes a leap

MALAYSIAN company, Performance Additives has opened a facility in the US. Located on a 3.5 acre site in Ohio. The facility will manufacture an additive said to allow for more efficient tyres. Early this year, Performance Additives acquired the DTC…

US company buys glove maker

US-based Vystar, the creator of Vytex Natural Rubber Latex (NRL), a patented, all-natural raw material that reduces antigenic proteins found in natural rubber latex, is merging with Malaysia-based reusable exam gloves manufacture EcoGlove Asia Pacific. Terms of the merger have…

Rubber recycling on the upward trend

PROBABLY one of the most volatile commodities today, rubber has gone through a series of supply and demand gaps over the years, which has resulted in a sharp increase in pricing. It is because of the price fluctuations, changing weather…

Evonik flushed with funds after divestment

THE successful divestment of its carbon black business means that Germany-based chemicals company Evonik has added on EUR900 million to its coffers. The new owners are investors Rhône Capital and Triton Partners and the business has been renamed as Orion…