Australian tyre recycler Green Distillation Technologies, which says it has developed a world-first process that turns end-of-life tyres (ELTs) into high value oil, carbon and steel, believes the time is right for it to expand into the European market, despite…
Category: Industry News
NR prices/demand to pick up in Q3, says ANRPC
Malaysia-based Association of Natural Rubber Producing Countries (ANRPC) in its statistics for June 2020, painted a dismal outlook of natural rubber (NR), which has witnessed falling prices and demand, but expects consumption of NR to pick up in the third…
Bridgestone acquires UK tyre-management platform iTrack Solutions
The Bridgestone Corporation (Bridgestone) has recently acquired UK-based iTrack Solutions business, one of the largest providers of tyre management solutions for off-road vehicles in the UK market. iTrack Solutions offers a tyre pressure monitoring system (TPMS) which is specially designed…
VW/Continental offices searched in diesel emissions probe
German police have raided offices of automotive parts supplier Continental and automotive maker Volkswagen, in relation to the 2015 diesel emissions-cheating scandal. Continental was raided for its role in supplying diesel engine devices used to bypass emissions tests. Prosecutors in Hanover, Germany, conducted…
Continental breaks ground on air suspension facility in China
German technology company Continental recently held the groundbreaking of an electronic air-suspension systems plant in Changshu, which will further serve customer needs in China. The new facility in Jiangsu Province covers an area over 13,500 sq m and will start…
Halycon Agri finances investments in Cameroon/Malaysia with US$25 mn loan from Deutsche Bank
Deutsche Bank has provided a US$25 million sustainability-linked loan facility with a three-year tenor, and an accordion feature to upsize the facility to US$75 million, to Corrie MacColl, a subsidiary of Halcyon Agri Corporation. The loan will be used to…
Bridgestone starts voluntary salary reduction for Japan-based corporate officers
Tyre and rubber giant Bridgestone Corporation (Bridgestone) will initiate a voluntary reduction in compensation for its Japan-based corporate officers, in light of the COVID-19 global pandemic. These voluntary measures will be effective immediately and remain so until the end of…
Sprawling tyre dump in Tenerife finally to be cleared
A recycling plant will soon be set up to clear the tyre dump at the Arico landfill (Complejo Ambiental) in Tenerife, the largest of Spain’s Canary Islands. The Tenerife Environmental Commission has finally given permission for the construction of the…
Tosoh Silica, Namhae Chemical establish JV for silica in fuel-efficient tyres
Silica and synthetic gypsum manufacturer Tosoh Silica Corporation, a wholly-owned subsidiary of Tosoh Corporation, recently decided to establish a joint venture company with South Korean-based Namhae Chemical Corporation. The new company is named Tosoh Namhae Silica Corporation and is to…
Continental Tire bundles up all sustainability projects under newly-created dept.
As part of its commitment to sustainability in the natural rubber supply chain, Continental AG (Continental) has introduced a new department for sustainability activities and projects under its “Vision 2030” strategy programme. According to Continental, Claus Petschick will be responsible…