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Serbian petchem firm HIP acquired by Russia’s NIS

The acquisition of Serbian petrochemical company HIP-Petrohemija LLC Pancevo by Serbia’s Gazprom-owned Naftna Industrija Srbije has been approved by the European Commission, said the EC. HIP-Petrohemija LLC (HIPP) is a petrochemical company active in producing and distributing products such as…

Mitsui in jv with Kal Tire to recycle mining tyres

Japan’s Mitsui & Co. and Canadian tyre supplier Kal Tire have reached basic agreement on the joint establishment of a recycling business for mining tyres. The business will recycle mining tyres using thermal conversion technology to recycle scrap tyres currently…

VMI opens global remote monitoring service centres

Dutch tyre manufacturing machinery maker VMI has launched three remote-monitored technical support centres, which it says will provide “consistent service to customers globally”. The company said that three helpdesk units in Yantai, Shandong Province, China; Ape, Netherlands and Ohio, US; Will…

GRI opens corporate office in the US

Sri Lankan tyre firm GRI, which has enjoyed an established presence in the US for some time, has announced the opening of its corporate office in the US, located at Research Triangle Park (RTP) in North Carolina, to primarily provide…

Continental acquires second conveyor company in Sweden

German technology firm Continental has acquired the conveyor and maintenance company Vulk & Montage, based in Karlstad, Sweden. This acquisition complements the portfolio of Continental and establishes the technology company in the heart of Sweden’s industrial area. It had in…