FRENCH tyre maker Pirelli is investing EUR2.4 billion over the next five years, including EUR200 million in Russia. Having signed a joint venture agreement with the Russian Technologies State Corporation in 2008, Pirelli will now buy the Kirov and Voronezh…
Category: Briefs
news briefs from PRA
Apollo sees whopping growth
INDIAN tyre maker Apollo Tyres’s consolidated revenues in the second quarter grew by a whopping 47% at Rs28.7 billion and for the first half of the year by 51% at Rs 56.9 billion. A large part of the growth in…
US company expands to Brazil
US-based Lehigh Technologies, manufacturer of sustainable, micronised rubber powders, has expanded to Brazil, based on the country’s establishment of tyre collection in 1999 and its legislation on dealing with scrap tyres, setting targets for collection and proper disposal for tyres…
Danish entrant in Sri Lankan tyre market
Danish company Starco has set up a tyre manufacturing plant in Sri Lanka. The new plant, which represents an initial capital investment of around EUR2 million, will specialise in the manufacture of solid rubber tyres, to be marketed worldwide under…
More tyres for US market
JAPAN tyre maker Bridgestone’s US tyre operation is increasing production capacity of passenger car radial tyres and light truck radial tyres at its Aiken Plant in South Carolina. The total investment will be approximately US$211 million. Plans call for increasing…
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…
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…
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…
Hose business strengthened
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…
Cabot to increase output of silica
In line with the rising global demand for silicones, which is expected to continue to grow at 5-10% a year over the coming decade, US producer Cabot will expand its production capacity by 25% at its fumed silica facility in…