Vacu-Lug Traction Tyres, Europe’s largest independent retreader, has been acquired by UK-based tyre firm Zenises Group that has not only purchased the entire company and equipment but has also acquired the prime 11 acre site in Grantham, Lincolnshire, UK, where…
Category: Industry News
Continental starts construction on its new headquarters in Hanover
Technology company Continental is beginning the construction of its new headquarters in Hanover. The first development phase for the building complex is to be completed by the end of 2020 and to provide space for 1,250 employees. According to the…
Yokohama develops hose to facilitate US auto shift to green refrigerant
Yokohama Rubber Co has developed the ACBR series of hoses for use in car air conditioners. The new hoses are compatible for use with HFO-1234yf, which is seeing more widespread application as the next-generation refrigerant for car air conditioners. The…
ANRPC revises outlook for rubber sector with higher growth
According to the Association of Natural Rubber Producing Countries (ANRPC), during first half of 2018 (H1 2018), the global demand of natural rubber (NR) grew 5%, year-on-year, to 6.96 million tonnes. Meanwhile, the global supply of NR rose 4.5%, year-on-year,…
Bridgestone wins tyre patent suit against China’s Fangxing Rubber
Tokyo-headquartered tyre maker Bridgestone Corporation says that it has received a favourable ruling from the Shanghai Intellectual Property Court in its lawsuit regarding the infringement of patent rights against major Chinese tyre manufacturer Fangxing Rubber Co., Ltd. (Fangxing). In September…
Sibur going for an IPO worth up to US$3 bn
Russian petrochemical company Sibur is preparing for an initial public offering (IPO) potentially worth between US$2 billion and US$3 billion, said a Reuters report, adding that it may happen by the end of the year. Sibur, the largest petrochemical producer…
Continental to go ahead with changes; Powertrain to be spun off in part-IPO
Having announced one of the largest organisational changes in the company’s history earlier this month, https://rubberjournalasia.com/continental-to-realign-structure-spin-off-powertrain-and-possible-ipo-of-rubber-unit/, the Supervisory Board of automotive parts/tyres maker Continental has given the go ahead. With this approval, a new holding structure of Hanover-headquartered Continental will…
Goodyear to study silica in space; to improve traction for tyres
Using space beyond Earth as the new frontier for development, US tyre company Goodyear Tire & Rubber Company plans to test tyre components in space as part of a project in the International Space Station (ISS) US National Laboratory, through…
Omsk Carbon to start up Belarus plant
Russian carbon black producer Omsk Carbon Group (OCG) is planning to start the first phase of its carbon black production plant in Mogilev, Belarus, this year in September. The EUR95 million plant is being launched two years late as a…
TARRC celebrates its 80th anniversary in the UK
The Tun Abdul Razak Research Centre (TARRC), the UK research and promotion centre of the Malaysian Rubber Board, recently held a ‘Gateway to the Malaysian Rubber Industry Open Day’ to celebrate its 80th Anniversary at its laboratories at Brickendonbury, Hertford.…