Cologne-based specialty chemicals company Lanxess has completed the sale of its remaining 50% interest in rubber company Arlanxeo to Saudi Aramco. All relevant antitrust authorities have granted the necessary approvals for the transaction announced in August 2018. Upon completion of…
Category: Feature
Michelin finalizes billion dollar acquisition of Camso
Michelin completed the acquisition of Camso, after announcing initiation in July 2018. A total of US$1.36 billion was invested in the acquisition. Reporting net sales of US$1 billion, Camso has been designing, manufacturing and marketing OTR mobility solutions since 1982.…
Arlanxeo launches Keltan KSA self service platform
Leading synthetic rubber company Arlanxeo has launched its Keltan KSA Self-Service platform to serve 24/7 its customers. This innovative online platform offers customers full-control and direct interaction, at their own convenience from any location in the world, according to Arlanxeo…
New tough protein for rubber
Chinese scientists have produced a synthetic analogue to vulcanized natural rubber. The material is said to be just as tough and durable as the original. The key to the new material is short protein chains attached to the side-chains of…
Borflex scores Swiss rubber parts producer
The Borflex group, a French creator of rubber and composite solutions, is acquiring Swiss company Rex Articoli Tecnici, a specialist in the design and production of rubber and thermoplastic parts. Rex’s main markets are rolling stock and railway infrastructure, multi-material…
Yokohama recalls 529 RY023 truck tyres
Yokohama Tyre Corp. is recalling certain Yokohama RY023 tyres, size 295/75R22.5 (14-ply, G load rated), that have a DOT date code of 2318. The estimates up to 529 units may be affected. The National Highway Traffic Safety Administration (NHTSA) says…
BKT announces plans for new manufacturing plant in the US
Balkrishna Industries Limited (BKT) announced the USD100 million construction project of a new US production site that would cater to the entire American region. The facility will be the multinational group’s first manufacturing site outside of India. Europe is currently…
Mitsubishi adds stakes in Toyo Tire, increasing share holding to 20%
Mitsubishi Corporation (MC), Japan’s largest trading company, has approved the purchase of an additional stake in Toyo Tire & Rubber Co, LTD (Toyo), Hyogo-headquartered tyre maker, for 50.9 billion yen via subscription to a private placement of shares and has…
Bridgestone adds on US$45 mn warehouse to Canadian tyre facility
Tyre maker Bridgestone’s Canadian subsidiary is constructing an automated warehouse at its Canadian passenger and light truck tyre manufacturing facility in Joliette, Québec. The investment, estimated at US$45 million, will further enhance the operational excellence of the plant and increase…
Continental opens EUR30 mn hose plant in China
Germany’s Continental has shifted its hose plant in Qingdao, China, to the Qingdao Sino-German Ecopark in Shangdong province. With a total investment of EUR30 million and an area of approximately 84,000 sq m, the plant produces hoses and mobile fluid…