Swedish engineered polymers firm Trelleborg Group is to buy US-based elastomers maker Minnesota Rubber and Plastics (MRP), which is owned by investment firm KKR, in a transaction valued at approximately US$950 million. The transaction, which is subject to customary regulatory approvals, is expected to close before year-end 2022. New York City-based…
Category: Industry News
Researchers develop catalyst to improve butadiene production
\ Researchers have developed a new catalyst that improves the efficiency of converting butane, a component of natural gas, into butadiene — a widely-used building block in synthetic rubber and a variety of plastics. Creating butadiene from butane is tricky.…
Natural rubber market to improve, says ANRPC
Based on the estimates given by member governments up to June 2022, the outlook of natural rubber (NR) market is expected to improve further during the year 2022, in production and consumption, says the Kuala Lumpur-based Association of Natural Rubber…
Datwyler to double capacity at Indian facility
Manufacturer of system-critical elastomer components for pharmaceutical packaging, Datwyler, will nearly double capacity at its production operation in Pune, India, and add 400 jobs in the near future. By starting up a second plant on the premises in the third…
Trelleborg acquires manufacturer of aerospace components
Polymers firm Trelleborg Group has, through its business area Trelleborg Sealing Solutions, signed an agreement to acquire Germany-based company MG Silikon, an entity within Saint-Gobain Group. The company specialises in sealing solutions for aerospace and industrial applications. Closing of the…
Pyrum in jv to build 20 kt pyrolysis plant in Bavaria
End-of-life-tyres (ELT) recycler Pyrum Innovations says it has established the first joint venture to build and operate a pyrolysis plant in Bavaria. Under the company name Revalit GmbH, a recycling plant with a capacity of 20,000 tonnes of used tyres is to…
Birla Carbon creates digital showroom
Indian carbon black supplier Birla Carbon has launched what it says is a first-of-its-kind carbon black virtual showroom that provides a virtual reality experience, showcasing the value and diverse usage of carbon black through the lens of a virtual car. The virtual showroom can be accessed using the…
Halcyon raises US$5 mn funds for digital marketplace
Singapore-headquartered supplier of natural rubber Halcyon Agri Corporation says that its 49.9%-owned associate, HeveaConnect Pte, has completed its fourth fundraising of US$5.5 million, led by Provident Capital Partners, DeClout Ventures and HeveaConnect management. Halcyon Agri founded HC in 2018 to…
TRS uses Buss compounders to make rubber powders from used tyres
Swiss scale-up company Tyre Recycling Solutions SA (TRS), Préverenges, has chosen Buss’s Compeo technology for implementation of its “Intelligent Compounding” concept, which transforms powder products obtained from recycled end-of-life tyres into compounds at industrial scale. TRS’s performance materials, which require a…
GRI completes 2nd phase of US$100 mn expansion
Sri Lankan tyre firm Global Rubber Industries (GRI) says it has completed the second phase of its US$100 million capacity upgrade plan for its speciality tyre facility, which is sited next to its more established plant in Sri Lanka. With…