China-based electric vehicle (EV) joint venture between Mercedes-Benz and Zhejiang Geely Holding Group, Smart Automobile, has said it will raise between US$250 and $300 million in an A round fundraising to accelerate growth. Smart, based in Hangzhou Bay, Zhejiang province,…
Category: Industry News
Asahi Kasei liquidates tyre cord company
In the face of slower growth, Japan’s Asahi Kasei has decided to discontinue the business of Asahi Kasei Cord Co and liquidate the company. Asahi Kasei Cord was established in 1970 as a manufacturer of nylon yarn for tyre cord…
Freudenberg develops ETU-free rubber compounds for crosslinking polymers
Germany’s Freudenberg Sealing Technologies says it has developed new chloroprene rubber compounds that require no ethylene thiourea (ETU) as an accelerator, while still meeting strict requirements of the automotive industry. Using ETU as an accelerator in the vulcanisation of chloroprene…
Trelleborg launches range of hydrogen sealing materials
Trelleborg Sealing Solutions has launched the H2Pro range of sealing materials for every application of the hydrogen value chain, including a new ethylene propylene diene monomer (EPDM) rubber for high-pressure environments across a wide range of temperatures, and a thermoplastic…
Brenntag/RubberJet Valley partner to distribute rubber powder/granules from ELTs
Brenntag, the global market leader in chemical and ingredients distribution, and RubberJet Valley, an Italian rubber recycling group, have entered into a distribution agreement for the technical development and commercialisation of rubber granules and powder produced from large end-of-life tyres…
Greenergy to build tyre recycling plant in UK
UK energy firm Greenergy has submitted a planning application for two renewable fuel plants located at the same complex in Teesside, UK. The first plant will be for advanced biofuels production from its end-of-life tyres project, Green Tyre Technology (GTT),…
Wastefront and VTTI tie-up to scale up global tyre recycling plants
Norwegian tyre recycling company Wastefront has announced a strategic partnership with Dutch energy storage infrastructure provider VTTI. The deal will see Wastefront receive up to US$43 million investment which will be pumped into the first phase of Wastefront’s Sunderland, UK,…
Endurica/Coreform to explore simulation of tyre tread patterns
Innovative tyre tread computer simulation processes aimed at accelerating the use of simulation in the tire industry is the mission of an exploratory grant awarded to US software developer Coreform by the US Department of Energy (DOE). The firm will…
JK Tyre completes first phase of expansion of facility
India’s JK Tyre & Industries Ltd. has announced the completion of the first phase of capacity expansion of its manufacturing facility located in Banmore, Madhya Pradesh. With an investment of about INR10,000 million, the company has planned a two-phased expansion…
Semperit breaks ground for expansion of hose production in Czech Republic
Following the decision made in July of last year to further increase hydraulic hose production at the Odry facility in the eastern Czech Republic, the official ground-breaking ceremony for the plant expansion has now taken place on site, according to…