Malaysia’s Petronas Chemicals Group Berhad (PCG) has completed the acquisition of Da Vinci Group B.V. (Da Vinci), widely known as BRB, after fulfilling the conditions required in the share purchase agreement to complete the acquisition of 100% of the shares…
Category: Industry News
Toyoda Gosei invests, to co-develop tech with Tryeting
Toyoda Gosei (TG), a Japanese auto parts manufacturer, has recently invested some US$463,000 (JPY50 million) in Japanese AI startup Tryeting, which specialises in the rapid development of materials using artificial intelligence (AI). Nagoya University’s Tryeting provides an AI platform that…
China’s Doublestar to produce tyres in Algeria with new factory
Chinese tyre maker Qingdao Doublestar is to start up a car/truck tyre plant in Algeria, in a joint venture project with local investors El Hadj Larbi Pneumatiques. The Doublestar Group will invest about US$5 million into the project, while the…
Thailand to implement guaranteed rubber prices to help rubber farmers
Thailand’s rubber farmers, who have sold their rubber at loss for the last five years, are to be assisted under the new project by the Ministry of Agriculture and Cooperatives – a price guarantee project. According to its Minister Chalermchai…
Sika acquires Chinese silicone sealant firm
Swiss speciality chemicals firm Sika is to acquire Crevo-Hengxin, a Chinese manufacturer of silicone sealants and adhesives used in both industry and construction applications. With this takeover, Sika says it is expanding its target markets industry and sealing & bonding…
Supermax estimates increased Malaysian glove exports from US-China trade tiff
Malaysian rubber gloves manufacturer, Supermax Corporation (Supermax), expects its exports to increase by 10%, largely due to the boost in sales of medical gloves in the ongoing US-China trade war. According to Group Managing Director, Datuk Seri Stanley Thai Kim…
Linglong Tire extends partnership with Geely Auto
China’s Shandong Linglong Tire (Linglong) and Geely Automobile (Geely) have recently entered a long-term partnership to promote product design and development, new technology applications, quality assurance, cost optimisation, and manufacturing globalisation – Geely’s global manufacturing bases will provide a stable…
US Wegmann Automotive secures Alligator tyre valve business
German-based Wegmann Automotive has successfully acquired the tyre valve division of Alligator Ventilfabrik (Alligator) and will take over the original equipment manufacturer’s European/North American sales and distributions operations for passenger car and heavy-duty truck tyre valves and components, as well…
India’s tyre after-market reports growth despite industry slump
The declining demand in the automotive industry has not stopped the growth of India’s tyre after-market, replacement tyres or exports – replacement demand has remained consistent, such that tyre manufacturers can keep production going. According to the Automotive Tyre Manufacturers’…
BKT to expand carbon black production at Indian plant
Indian tyre manufacturer Balkrishna Industries Ltd. (BKT) is to reach full production – at a capacity of nearly 130,000 tonnes – at its Bhuj carbon black (CB) plant by 2021. The plant has a CB production output of 80,000 tonnes…