Category: Feature

Michelin takes anew 20% Enviro Systems shares

French tyre maker Michelin has reportedly secured again a total of 20% of the shares in Gothenburg-headquartered tyre recycling company Enviro Systems following the dilution of its holding in May as a result of the completed new issue. The increase in its…

Bridgestone to sell SR subsidiary in China to LCY Chem

Bridgestone Corporation has planned to sell Bridgestone (Huizhou) Synthetic Rubber Co, Ltd, (BSRC) its subsidiary in China manufacturing synthetic rubber for passenger car tyres, to Taiwan-headquartered LCY Chemical Corporation, a company which operates materials and chemicals business on global basis.…

Eneos acquires JSR Corporation’s elastomers business

Japanese petroleum company Eneos Corporation has signed an agreement with Japanese synthetic rubber manufacturer JSR Corporation to acquire the latter’s elastomers business, which includes the manufacture and sale of synthetic rubber. JSR, whose main product is solution polymerisation styrene-butadiene rubber…

LKL plans to enter rubber gloves, PPE sector

Malaysia-based LKL International Bhd (LKL), an investment holding company involved in the manufacturing and trade of medical equipment and accessories, is planning to diversify into the rubber gloves and personal protective equipment (PPE) sector. The company is reportedly proposing a private placement…