MICHELIN has developed a self-sealing inner-liner technology, which it says will become standard on all its tyres. Besides making a tyre puncture-resistant, the French company believes the innovation has the potential to do away with the need to carry a…
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Tyre companies expand reach globally
The German company is looking to have an over-proportional growth in China and has expanded its presence to 18 production locations and 15 sales offices, representing a workforce of 14,000 in the country
More Baypren and EPDM for Lanxess
Lanxess is paying EUR310 million for the elastomer business of the Dutch company DSM that produces EPDM under the brand name Keltan. DSM Elastomers operates a 160,000-tonnes/year EPDM facility in Sittard-Geleen, the Netherlands,and a 40,000-tonnes/year facility in Triunfo, Brazil.
Lanxess in talks about acquiring Taminco
LEVERKUSEN, Germany – Lanxess is in talks to buy Belgian chemicals group Taminco NV from private equity firm CVC Capital Partners for about EUR 1 billion or $1.4 billion, the Financial Times Deutschland reported. The acquisition would reportedly be the…
Growth aided by market demand
The global market for nitrile butadiene rubber (NBR) is projected to exceed 645,000 tonnes by the year 2017, according to a new report by Global Industry Analysts. The US company’s other report on chloroprene rubber (CR) also predicts growth with the market forecast to reach 445,000 tonnes by the year 2017.
Evonik sells carbon black and plans for IPO
GERMAN chemicals conglomerate Evonik will sell its carbon black unit to US financial investor Rhone Capital, in line with its step to ready itself for a public flotation within the next 15 months. The transaction is valued at over US$1.3…
New extruder supports eco-tyres
WITH the objective of supporting low rolling resistant tyres, KraussMaffei Berstorff has extended its Multiplex extrusion line tyre components by adding the new QuintoPlex line with five extruders. Tyre producers can thus, include additional conductive compounds or other components into…
Too much reclaim in tyres creates furore
Kumho, which has a capacity of 30 million tyres/year at its factories in Tianjin, Nanjing and Changchun, provides tyres to 35 car models produced by major OEMs including GM, Volkswagen, Hyundai, Dongfeng Peugeot Citroen and homegrown brands like Great Wall Motor and Hafei.
Nitrile latex giant created in Malaysia
The country currently caters up to 65% of the world’s natural glove market and also supplies about half of the world’s nitrile glove market.
Tyre sector comes out tops
The OE and replacement tyre markets are expected to push the market along with OE passenger car tyre sales to grow from 290 million units in 2010 to 400 million units by 2020, while replacement car tyre sales will grow from 760 million units in 2010 to 1.2 billion units by 2020.