Continental Tire the Americas, LLC (CTA) has reached an agreement with the state of Mississippi to purchase a site for the construction of a commercial vehicle tyre plant. Continental has committed for a long term investment totaling approximately US$1.4 billion…
Category: Industry News
Torsten Derr takes over Lanxess subsidiary
Starting April 1, 2016, Torsten Derr will take over as head of Saltigo, a subsidiary of the specialty chemicals company. Derr is currently the head of the Lanxess Board of Management’s Commercial & Supply Chain Excellence Initiative. The outgoing head,…
Karex acquires TheyFit
Malaysian condom manufacturer Karex Berhad announced that it will acquire US-based TheyFit for US$1.3 million. The Board of Directors of Karex announced that Karex Holdings Sdn Bhd, a wholly-owned subsidiary of Karex Berhad entered into an asset purchase agreement (APA)…
Trinseo expands custom medical compounding line
Trinseo, a manufacturer of plastics, latex binders and synthetic rubber, introduced its model for global production and fulfillment of its Calibre Polycarbonate Resins at MD&M West, Anaheim, California last February 9 to 11, 2016. This new production and fulfillment model…
Sumitomo established regional HQs
Sumitomo Rubber Industries, Ltd. (SRI) recently established different headquarters for Asia Pacific, Europe and Africa and America. The company appointed its executive officers as new general managers of the new organizations. Yasutaka Ii will serve as the General Manager of…
Lexus to feature Bridgestone fuel-efficient tyres
Bridgestone’s Dueler Ecopia H/L 422 Plus tyre has been specified as original equipment on select Lexus RX 350 and RX 450h models. The Dueler Ecopia H/L 422 Plus tyre is part of the Bridgestone Ecopia line of fuel-efficient tyres. “That…
Yokohama Rubber to expand Shinshiro Plant
The Yokohama Rubber Co., Ltd. plans to expand its Shinshiro Plant in Japan to increase production capacity for high-performance tyres (18” diameter and larger). The company plans to begin construction of a new line this May and start production in…
Pirelli signs competitiveness agreement with Lombardy
The Lombardy Regional Government and Pirelli today signed a competitiveness agreement which calls for a free grant regional contribution of 1.9 million euro for the “Total Safety System” R&D project conducted by Pirelli at its research centre in Milan. The…
Toyo Tires Official Tire of Anaheim Ducks
Toyo Tire U.S.A. Corp. is now the Official Tire of the Anaheim Ducks. The official tyre designation comes with an increased presence inside Honda Center, the team’s home arena in Anaheim, California. As a part of the new multi-year agreement,…
Horsehead Holding files for bankrupcy
Zinc products producer Horsehead Holding Corp. its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (the Bankruptcy Court). Jim Hensler, President and…