German speciality chemicals firm Lanxess, which is the world’s largest producer of EPDM, is progressing according to plan with the construction of its world-scale EPDM plant in Changzhou (Jiangsu Province), China. It is investing EUR 235 million in the plant…
Category: Industry News
Lanxess to axe 1,000 jobs by 2015; mulling sale of rubber chemicals and NBR
Against the backdrop of weak demand from the automotive industry, Germany-based speciality chemicals firm Lanxess, which is facing what it says is a “temporary weakness in demand for its synthetic rubber”, is aiming to cut costs by EUR100 million per…
Sale of two Cooper Tire plants to India’s Apollo Tyres delayed
An American arbitrator has said that Cooper Tire and Rubber Co. cannot sell two of its factories in the country to India’s Apollo Tyres until a collective bargaining agreement is reached between Apollo and members of the plants’ union. The…
Hankook to build proving R&D tyre centre
South Korean Hankook Tire plans to build a R&D centre in Sangju City with an investment of KRW240 million until 2020 for the construction of a top-tier proving ground. Covering a total area of 132 ha, it will be the…
Hankook opens tyre plant in Indonesia
South Korean tyre company Hankook has officially opened its seventh global plant in Indonesia. Located in Lippo Cikarang, Bekasi, West Java, the company’s newest plant will act as an export base for the US and Middle East markets as well…
Toyoda Gosei to start third plant in Mexico
Japanese supplier Toyoda Gosei has set up a new company in Mexico to strengthen its automotive rubber hose production in the US. The new company, Toyoda Gosei Rubber Mexico, S.A. de C.V. (TGRMX), will start production of fuel hoses and…
ContiTech buys Metso’s conveyor belt unit
Hanover-based ContiTech Conveyor Belt Group is strengthening its conveyor belts business for industrial applications with the acquisition of Metso´s industrial conveyor belt operations based in Helsinki, Finland. Relating documents have been signed by both parties today. The transaction scope includes…
Lanxess completes relocation to Cologne
Lanxess has completed the move of its Group headquarters from Leverkusen to Cologne. With its approximately 1,000 employees, the German speciality chemicals firm now occupies the Lanxess Tower at Kennedyplatz 1 in the district of Deutz. It will now manage…
ZF to sell rubber and plastics unit
ZF Friedrichshafen, Germany’s third largest automotive supplier and among the top ten worldwide, has confirmed reports that it is in the early stages of discussions to sell its rubber and plastics (R&P) unit. ZF says it has been approached by…
Sibur starts up its Voronezh TPE facility
Russian petrochemicals supplier Sibur has launched production of styrene-butadiene thermoplastic elastomers (TPE), to be used for the road building industry and roof coatings, at its Voronezh-based facility. The production facility reached its full design capacity of 50,000 tonnes/year. The process…