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Sumitomo Rubber acquires US Ai solutions firm Viaduct

Japan’s Sumitomo Rubber Industries has signed an acquisition agreement with Viaduct, Inc. a US-based AI solutions startup, for a total of US$104 million. The two companies have collaborated on joint proof-of-concept projects, combining Sumitomo’s proprietary tyre sensing technology, Sensing Core,…

China’s Longmarch to expand to Egypt

Chinese tyre manufacturer Long March Tire has announced its plan to establish a second overseas production base in Egypt. This major move comes after the successful operation of its first overseas plant in Pakistan, marking another milestone in the company’s international growth…

Continental sells OESL business to Regent

Germany’s Continental has announced the sale of its ContiTech Original Equipment Solutions (OESL) business area to US investment firm Regent. The sale is subject to antitrust approval. The parties have agreed not to disclose the purchase price or other details.…

Ceat to invest US$170 mn in tyre plant in Sri Lanka

Tyre maker Ceat OHT Lanka (Private) Limited has signed an agreement with the Board of Investment of Sri Lanka (BOI) to formalise a US$171 million investment, in a landmark development for Sri Lanka’s manufacturing and export sector. According to the…