With the expansion of the Rhenodiv production plant in Jhagadia, Gujarat, speciality chemicals firm Lanxess’ Rhein Chemie business unit has significantly increased its production capabilities. The move will help the firm to meet the growing demand of India and the…
Category: Industry News
Continental to cut 1,700 jobs globally in auto sector; reduce costs by EUR400 mn
German tech firm Continental has decided on further measures to strengthen the competitiveness of its Automotive group sector. These measures aim to increase the efficiency of Automotive’s global R&D network, it adds. By the end of 2025 at the latest,…
Epsilon Carbon to set up EUR1 bn carbon complex in Odisha
Indian firm Epsilon Carbon says its Integrated Carbon Complex (ICC) project will have a manufacturing capacity of 8 million tonnes/year for various carbon products. The three main components of the complex include speciality carbon (500,000 tonnes/year), carbon black (300,000 tonnes/year),…
Tokai Carbon to invest EUR350 mn in carbon black sector
Japan’s Tokai Carbon says it is targeting a significant investment in its carbon black business, outlining a EUR353 million commitment over the next three years, until 2026. This strategic move is embedded within Tokai’s T-2026 mid-term management plan, reflecting a…
Henkel to acquire US sealing/coating solutions firm
Conglomerate Henkel has signed an agreement to acquire the US-based Seal for Life Industries (Seal for Life) from private equity firm Arsenal Capital Partners (USA). Seal for Life is a specialised supplier of protective coating and sealing solutions in a…
EU approves Pirelli’s jv for tyre facility in Saudi Arabia
The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by Italy’s Pirelli Tire S.p.A. and the Saudi Arabia’s Public Investment Fund. The US$550 million deal relates primarily to the production and sale of…
Enviro commences construction of jv partnered plant in Uddevalla
Tyre recycler Enviro Systems recently officially kicked off the construction of its recycling plant in Uddevalla. This plant is its flagship and the first in an extensive European initiative where, together with partner company Antin, it aims to recycle 1…
Continental invests EUR13 mn in Sri Lankan facility; inaugurates automated warehouse in Czechia
Germany’s Continental says it is expanding the global manufacturing footprint of its specialty tyres business area in Sri Lanka. By further enhancing local pre-production capacities, its Kalatura plant in future may produce material handling tyres self-sufficiently. This ensures an optimised…
Trelleborg adds to healthcare sector with LSR acquisition
Sweden’s Trelleborg Group says it is strengthening its position in healthcare & medical by acquiring Baron Group, an Australian-Chinese company in the manufacturing of advanced precision silicone components, for US$300 million on a cash and debt-free basis. The seller may…
Enviro/Antin jv announce investment decision for plant in Sweden
The joint venture between end-of-life-tyre (ELT) recycler Scandinavian Enviro Systems, French tyre maker Michelin and Antin Infrastructure Partners has made the final investment decision regarding the construction of the ELT recycling plant in Uddevalla, Sweden. The joint venture adds it…