Author: admin

Chinese tyre maker launches Cambodian factory

China’s Jiangsu General Science Technology’s latest investment in Cambodia, General Tires Technology (Cambodia) Co Ltd, recently opened its US$300 million facility located in Preah Sihanouk province’s Sihanoukville Special Economic Zone (SSEZ). At a recent launching of the facility, General Science…

Wacker sales high; to invest in US/India plants

German silicones maker Wacker Chemie says it ended 2022 with new all-time highs for sales and earnings. Presenting its annual report recently, the Munich-based chemical company confirmed group sales of EUR8.21 billion in 2022, up 32% year over year. Substantially…

Michelin to invest CAD$300 into Canadian ops

French tyre maker Michelin has announced a CAD$300 million investment into its Canadian operations to accelerate sustainable mobility and the installation of new technologies and equipment in Michelin’s three Nova Scotia production facilities. This includes manufacturing tyres for the growing…

Tatneft’s purchase of Nokian Tyres ops in Russia approved

Finland-based tyre maker Nokian Tyres says it has been informed by PJSC Tatneft that the Russian government commission that monitors foreign Investments has approved PJSC Tatneft’s purchase of Nokian Tyres plc’s operations in Russia. The signing of the transaction was…

Zeppelin Systems ties up with Italian group for recycling tyres

Expanding the use of its mechanical recycling process further, German plant engineering company Zeppelin Systems has entered into another partnership with the Italian technology group formed by RubberJet and Vertech that are specialising in recycling particularly large scrap tyres, for…