German technology company Continental is intensifying its activities outside the automotive sector and further expanding its industrial business. In the future, technologies for construction, agricultural, and material handling machines and vehicles will come increasingly into focus. According to Helmut Matschi,…
Category: Industry News
Trelleborg Signs Agreement to Sell TrelleborgVibracoustic Shares to Freudenberg
An Agreement in Principle has been signed by Trelleborg with their joint venture partner, The Freudenberg Group, to sell their 50% shareholdings in TrelleborgVibracoustic to Freudenberg. The transaction is still subject to signing of a final agreement and conditional upon…
Sinochem and Halcyon Agri join forces to create rubber powerhouse
China’s Sinochem International Corporation and Singapore-listed Halcyon Agri Corporation Ltd have signed, together with certain Halcyon Agri shareholders, definitive agreements to bring about a combination of their natural rubber assets to create the world’s leading natural rubber supply chain manager. The…
Kickstarting MStyr15: One action for safety and labelling compliance
The European Tyre and Rubber Manufacturers’ Association welcomed the official launch of the Market Surveillance Action on Tyres 2015 last 6th of April 2016. This is thefirst joint action in the area of tyre label market surveillance. PROSAFE, the authorized…
Wacker Silicones appoints new President
Dr. Robert Gnann (51) has taken over a President of Wacker Silicones effective April 1, 2016. He succeeds Dr. Christian Hartel, who was appointed to the Wacker Group’s Executive Board in early November 2015. Gnann comes to Wacker from Momentive…
Arlanxeo launched; Lanxess to receive EUR1.2 bn for jv deal with Saudi Aramco
Speciality chemicals company Lanxess and Saudi Aramco have completed the formation of their 50-50 joint venture for synthetic rubber, Arlanxeo. The deal was first announced in September 2015, and all relevant antitrust authorities had cleared the transaction by February 2016.…
Cooper recalls Roadmaster tyres
Cooper Tire & Rubber is recalling 577 Roadmaster RM234 tyres, size 295/75R22.5, manufactured August 6, 2015, to September 5, 2015. The recalled tyres may have a pin-sized hole in the sidewall that can result in a loss of air which…
Smithers Information creates two new positions
Smithers Information is creating two new positions and regionally-focused operating divisions in a move designed to enhance client service and access to the company’s roster of subject matter experts around the world. The new leadership roles will support the company’s…
Apollo Tyres appoints VP for North America
Apollo Tyres has appointed Steven Smidlein as the Senior Vice President for North America. Based out of the New Jersey office and reporting to Neeraj Kanwar, Vice Chairman & Managing Director, Apollo Tyres Ltd, Steven Smidlein would be responsible for…
Sumitomo to sponsor the Australian National Rugby Team
Sumitomo’s Australian tyre sales subsidiary (Sumitomo Rubber Australia Pty. Ltd.) has recently signed an agreement to become an official sponsor of the Australian National Rugby Union Team, more commonly known as the Qantas Wallabies. Effective through the end of 2017,…