China National Chemical Corporation (ChemChina), through its subsidiary ChemChina Petrochemical Co., Ltd, completed a strategic investment in Mercuria Energy Trading, one of the world’s largest independent integrated energy and commodities companies. ChemChina will become an important minority investor with a…
Category: Industry News
Chicago Pneumatic opens in Turkey
Chicago Pneumatic has opened new offices in Varyap Plaza, Istanbul, Turkey. The new Customer Center aims to meet the needs of distributors and customers across many industries including vehicle service, industrial maintenance, manufacturing, as well as foundries/casting industry, energy, aerospace…
Wacker expands capacity at Burghausen Site
The Munich-based Wacker Group has expanded its production capacity for functional silicone fluids at its Burghausen site. Investments in the expansion amount to around EUR26 million. The expansion is increasing the plant’s total production capacity by around 70 percent. “The…
ContiTech Air Spring Systems gets new boss
ContiTech appoints Claus Peter Spille as the new head of ContiTech Air Spring Systems. He succeeds Konrad Müller, who is retiring. In his new role, Spille will report to Hans-Jürgen Duensing, member of the Executive Board at Continental and responsible…
US reject Volkswagen’s plans to recall vehicles
The California Air Resources Board (CARB) rejected Volkswagen’s plan to recall two-liter diesel passenger vehicles sold in California between 2009 and 2015. It also notified VW of violations of California air quality regulations associated with the company’s use of a…
Michelin UK launched women recruitment drive
Michelin is hoping to drive more women into a career in logistics this month, as it announces more than 20 jobs will be created at its Stoke-on-Trent warehouse and distribution facility over the next nine months. The new roles come…
Green tyres boost poor silica demand in China
China’s silica (white carbon black) industry after rapid expansion over the preceding years has seen overcapacity and intensified competition among enterprises, combined with depressed demand from downstream sectors such as tyre and shoemaking. A study by Reportlinker says that China’s…
Azerbaijan tyre market to grow at over five percent until 2020
According to TechSci Research report “Azerbaijan Tyre Market Forecast & Opportunities, 2020”, the country’s tyre market is projected to grow at a CAGR of over five percent during 2015 – 2020. In 2014, passenger car segment dominated Azerbaijan tyre market,…
Wacker launches silicones for LEDs
Munich-based chemical company Wacker developed Lumisil 590 and Lumisil 591, new encapsulants for light emitting diodes (LED) and optical components. The compounds are made of highly transparent silicone elastomers with a high refractive index. The products withstand high operating temperatures…
Sri Lankan rubber industry has US10bn potential
Sri Lanka only accounts for 1 percent of rubber production, but it is the largest producer of industrial tyres—accounting for 60 percent of the global market, according to said Sri Lanka Association Of Manufacturers & Exporters of Rubber Products (SLAMERP)…