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…
Category: Industry News
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…
IRSG announces winners of photo competition
Singapore-based International Rubber Study Group (IRSG) has announced winners of its photo competition themed “Rubber is a Community”. It received 14 individual entries since February 2020 and was realised with the support of Rubber Trade Association of Singapore (RTAS) and Singapore International Chamber of…
India notes increase in tyre stocks after new import restrictions by DGFT
The recent import restrictions on certain pneumatic tyres in India has contributed to increased shares of tyre manufacturing companies, with some tyre stocks up by 6%. According to the Directorate General of Foreign Trade (DGFT), new pneumatic tyres used in…
Arburg producing LSR masks for its employees, healthcare workers
Machine manufacturing company Arburg GmbH & Co. (Arburg) has started injection moulding liquid silicone rubber (LSR) and polypropylene masks near its headquarters in Lossburg, Germany, to address the critical shortage of personal protective equipment caused by the COVID-19 pandemic. Arburg…