Zeon Corporation says it has signed a letter of intent to acquire the remaining 40% stake in joint venture firm ZS Elastomers Co from Sumitomo Chemical. The expected completion of the transaction is September 2024, after which ZS will be…
Category: Industry News
Neste, Borealis and Covestro tie-up for waste tyre recycling into plastics
Chemical firms Neste, Borealis and Covestro have signed a project agreement to enable the recycling of discarded tyres into high-quality plastics for automotive applications. The collaboration aims at driving circularity in plastics value chains and the automotive industry. When no…
Prinx and Marangoni tie-up for Austone retreading
Italy’s retreading company Marangoni says it has entered into a partnership with Chinese firm Prinx Chengshan’s Austone brand, focusing on truck and bus tyres. The tie-up comes as Prinx Chengshan has reorganised its commercial vehicle tyre business in the Germany,…
Magna Tyres launches five tyre models for materials handling sector
Poland’s Magna Tyres has announced the launch of five tyre additions to its product line-up. Expanding the renowned MB800 Series, Magna Tyres introduces the all-new MB800 in a larger size: 355/65-15. Building upon the performance and durability of the MB800…
GRI expands reach to South American market
Sri Lankan speciality tyre maker Global Rubber Industries (GRI) says it has established a sales/distribution presence in South America, working with tyre distributors and dealers, especially in countries like Argentina, Peru, Colombia and Ecuador. It adds that it has “reached…
Elkem Silicones launches expansion of Chinese plant
Silicones manufacturer Elkem says it has achieved an important milestone by successfully completing the trial production phase of its Chinese plant, Phoenix, at its Xinghuo site, Xinghuo Industrial Park in Yongxiu County, Jiangxi Province. The project involves the construction of…
Fortum/Marubeni tie up for graphite battery recycling
Fortum Battery Recycling has entered into a preliminary agreement and signed a memorandum of understanding with Marubeni Corporation to jointly build a sustainable lithium-ion battery recycling chain, focusing on graphite recycling. Marubeni will support Fortum in supplying in-process waste materials…
Weir introduces new branding to Linatex to fortify authenticity
Weir, the global leader in technology driven mining solutions and sole manufacturer of Linatex premium rubber, has introduced new branding to its iconic red rubber, which boasts wear life. To fortify the authenticity of Linatex premium rubber, and protect its…
Camfin ups stake in Pirelli; Chinese fund reduces stake
Camfin, the second largest investor in Milan-based Pirelli has increased its stake to 22.8% as China’s Silk Road Fund offloaded its 9% interest in the premium tyre maker. Camfin, the vehicle of Italian businessman Marco Tronchetti Provera, has bought a…
CSRC/Sheico to set up tyre recycling plant in North America
Taiwanese firm CSRC Group, together Taiwanese compatriot Sheico Group, are teaming up to set up a tyre recycling plant in Phoenix City, Alabama, that will use pyrolysis technology to produce recovered carbon black (rCB). CSRC will partner with Eco Infinic…