Category: Industry News

Trelleborg to purchase Minnesota Rubber and Plastics for US$950 mn

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…

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…

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…