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…
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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…
Lanxess extends supply agreement and plans PBR plant in Asia
One of China’s largest tyre companies, Triangle Group, has extended its agreement with German specialty chemicals company Lanxess for the supply of halobutyl rubbers from 2012 to 2014
Sibur to transfer tyre assets
The joint venture between Sibur and Pirelli will take over the industrial operations of Sibur-Russian Tyres by 2014
Making strides in eco-friendly rubbers
The rubber industry is closely following the plastics sector with companies making headway in the eco-friendly sector.
Apollo cautious of future but invests in rubber growing
INDIA’S largest tyre maker Apollo Tyres’s revenue in the first quarter grew by 55%. But the company says the continuing all-time high NR prices, along with sluggish growth in some major markets, had a dampening impact on its profitability. Meanwhile,…
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…