South Korean tyre maker Kumho Tire says it will invest around US$750 million in a tyre factory in Europe to meet growing demand from regional automakers. A European plant would also limit the impact of regional geopolitical tensions such as…
Category: Industry News
Sibur reorganises plastics/rubber business to focus on Russia
In order to further develop industries that consume polypropylene, polyethylene and synthetic rubbers, Russian petchem firm Sibur plans to transform its business management model starting in April 2024, transitioning from a structure focused on product divisions to an industry-based model.…
Shin-Etsu develops industry’s first water-based, fast-curing silicone resin
Japan’s Shin-Etsu Chemical says it has developed the industry’s first silicone resin that does not use emulsifiers — the water-based, fast-curing silicone resin KRW-6000 series. Silicone resins are used in such applications as paints and coatings because of their excellent…
Michelin pushes forward tyre & road wear particle study
On the road to reduce tyre abrasion and deepen knowledge in this field, French tyre maker Michelin has developed a system for analysing small, emitted particles, known as Sample. This light particle system captures, sorts, counts and characterises particles close…
GRI to triple agri tyre sales through expansions
Sri Lankan tyre maker Global Rubber Industries (GRI) has unveiled a visionary strategy aimed at dramatically increasing its presence and sales in the agricultural tyre market worldwide, according to Founder/Managing Director, Prabhash Subasinghe. It expects to extend significantly across key…
Hexpol invests in devulcanisation in Europe
The rubber compounding arm of the Hexpol Group has announced an investment in a devulcanisation line in Europe. This allows the company to offer mechanical devulcanisation of rubber in-house and supports the transition to a circular economy. For years, Hexpol…
Lanxess focuses on rubber additives for sustainable tyre production
In order to meet the sustainability targets of the tyre manufacturers – namely, to produce completely “green” tyres by 2050 – specialty chemicals company Lanxess adds it offers the first sustainable antidegradant for rubber compounds. Over 50% of the contents…
Goodyear to shutdown tyre plant in Malaysia
As one of its cost-cutting exercises globally, US tyre maker Goodyear plans to shut down its plant in Malaysia in June, a decision expected to affect more than 500 employees. Goodyear said the decision to shutter the plant in the…
Guizhou Tyre to invest in tyre facility in Vietnam
China’s Guizhou Tyre is planning to invest US$228 million to build a new factory in Vietnam. The tyre maker plans to set up the new automated production factory near its plants in T?nh Ti?n Giang, it said recently. The plant…
Marubeni to invest in German rCB firm
Japan’s Marubeni Corporation says it has concluded an agreement with RCB Nanotechnologies GmbH to acquire RCBNano shares through the underwriting of a third-party allotment for new shares. RCBNano, which is headquartered in Germany, is currently constructing a plant to produce…