Avon is pleased to report that it has completed the acquisition of 100% of the share capital of Hudstar Systems Inc. (‘Hudstar’) for US$5.1million in cash from existing cash resources. Hudstar is a leading Florida, USA based designer and manufacturer…
Category: Industry News
Michelin set to boost production with Chennai plant
2015 output at Michelin is expected to increase from 11, 000 tonne to 16, 000. The Chennai factory began production last year, focusing on radial tyres, which is growing 14% in India. Michelin addresses a market of 16 million truck…
Safic-Alcan acquires majority stake in ChemSpec Ltd.
Safic-Alcan has acquired a majority stake in ChemSpec Ltd. It will see Safic-Alan controlling 75% of chemical and polymer distributor ChemSpec. “This transaction is in line with the strategic vision of the group to expand geographically in North America while…
Viton VTR-9307 by Chemours launched
Chemours has launched Viton VTR-9307. The bisphenol-cured fluorinated rubber pre-compound is for the production of fluoroelastomer (FKM) parts with long-term resistance to hot acidic gases and condensates. Based on proprietary technology, the new product is said to combine the advantages…
Bridgestone Americas tyre operations plant achieves another safety milestone
The Aiken County, S.C., passenger tyre (PSR) plant has achieved one million man hours without a lost-time accident. During its 17 years of operations, the Aiken PSR Plant has been the recipient of multiple safety awards and recognitions, including: South…
Profit falls for tyre maker Sameer
Kenyan tyre maker Sameer suffered a 42 % loss in pre-tax profits recently. Sameer said it continued to face competition from cheaper, imported tyres from Asia, a factor it had blamed for losses in 2014. Political unrest in Burundi, a…
Subaru calls for suppliers to affirm “human rights”
Fuji Heavy Industries (the parent company of automaker Subaru) has demanded of its suppliers to uphold “human rights and international standards of behavior.” “Our supply chain network has been made aware of our policy and expectations,” it said in a…
India poised for more natural rubber import
India is set to import more natural rubber as automobile sales rebound and local production dips. Director-general of the Automotive Tyre Manufacturers’ Association Rajiv Budhraja said that output may fall 5% to 7 %, thus increasing imports. The increase in…
Toyo Tires signs three-year partnership withFC Zenit Saint Petersburg
Toyo Tires and FC Zenit announced the signing of a three-year partnership contract. Part of this partnership includes: advertisement at Zenit’s home stadium and major mutual co-operation for the two partners. To kick start the partnership, a new online game…
Global Nitrile Gloves Market 2015-2019 report
Research and Markets has included the “Global Nitrile Gloves Market 2015-2019” report to their offering. The global nitrile gloves market to expected to grow at a CAGR of 8.02% between 2014-2019. As wearers are facing latex allergies, consumers are moving toward the…