Japan’s Sumitomo Rubber Industries will acquire exclusive rights to use the Dunlop brand for tyres and related accessories in Malaysia and two other Southeast Asian markets, according to a report by Nikkei Asia. At present, Continental Tyre Malaysia holds exclusive…
Category: Industry News
Kumho to set up European plant in Poland; US$590 plus mn investment
Moving forward in its expansion plans, South Korea’s Kumho Tire says it will set up its first European manufacturing plant in Poland’s Opole region. It added the US$590 million factory is scheduled to begin initial operations in 2028, subject to…
Eneos to expand capacity for SSBR in Japan
Eneos Materials Corporation says it has decided to increase the production capacity of its Yokkaichi Plant (Location: Yokkaichi City, Mie) by 10,000 tonnes to meet the growing demand for one of its key products for tyres: solution styrene butadiene rubber…
Wacker opens tech centre in China; tie-up with Sico
Having recently announced plans to cut jobs, mainly in Germany, silicones supplier Wacker is strengthening its specialties business in markets that are profitable, especially in Asia. The company has tied up with Chinese specialty silane producer and joint-venture partner Sico…
Pyrum to top up EUR 21 mn capital increase for expansion projects
Tyre recycler Pyrum Innovations AG has announced a capital increase aimed at raising up to EUR21 million. Approved by the company’s supervisory board, the move will involve issuing up to 763,764 new shares priced at EUR1.00 each, with full dividend…
Yokohama opens passenger tyre plant in China ahead of schedule
Japan’s Yokohama Rubber Co. has opened a new passenger-car tyre plant in China’s Hangzhou. Located in Qiantang New District, Hangzhou City, Zhejiang Province, the 300,000 sq m plant site will produce 9 million passenger car tyres/year. Construction of the new China…
Prometeon to invest US$400 mn in expansion of Egyptian tyre plant
China’s Prometeon Tyre Manufacturing, a subsidiary of China National Tyre and Rubber Co., Ltd., plans to invest US$400 million to expand its operations in Egypt, producing 1.5 million additional tyres and upgrading its existing factory. A meeting was recently held with…
Wacker to slash 1,500 jobs by 2027; savings of EUR300 mn/year
In view of what it says is a “tense” business situation, German silicones firm Wacker Chemie is to make significant cost savings in its production environment and administration set-up, through job cuts mainly in Germany. Wacker posted a net loss of…
Tata Chemicals to expand capacity for silica/soda ash in India; cater to tyre/auto markets
India’s Tata Chemicals has approved two projects for capacity expansion at its manufacturing facilities in Gujarat and Tamil Nadu. The companys board approved an investment of Rs135 crore for expanding dense soda ash manufacturing capacity at its Mithapur plant, Gujarat, to…
Nokian to lay off staff at Finland tyre plant
Finnish tyre manufacturer Nokian Tyres has announced plans to cut nearly 700 roles as part of a wider cost and efficiency programme. The company said it will permanently reduce 35 white-collar positions in its home market and temporarily lay off…