Category: Industry News

Stellantis to acquire stake in Symbio

Faurecia, a company of the Group Forvia, which is the world’s seventh largest automotive technology player, tyre maker Michelin and automaker Stellantis say that negotiations have started for Stellantis to acquire a substantial stake in Symbio, a leader in zero-emission…

Three tyre makers listed on Dow Jones sustainability indices

South Korean tyre maker Hankook Tire, Finland’s Nokian Tyres and Italy’s Pirelli have been included in the Dow Jones Sustainability Indices (DJSI) for industry-leading sustainability. ‘Sustainability is one of the five cornerstones of Nokian Tyres’ strategy, and we are proud…

Toyo Tire opens first tyre production site in Europe

Japan’s Toyo Tire has officially started its new factory in Serbia. Prior to this, production had partially started in July 2022 as the factory became operational with all equipment being installed. With President Aleksandar Vu?i? of Serbia and a long…

Sentury to make Nokian Tyres for European market

Nokian Tyres plc and Qingdao Sentury Tire Co. have signed a contract manufacturing agreement, whereby Sentury will start to manufacture selected Nokian Tyres’ passenger car tyres for the Central European market. Tyres manufactured at the partner’s production facility are designed…

Harps buys Semperit’s glove business for EUR115 mn

Singapore’s Harps Global Pte and Semperit Technische have reached an agreement on the acquisition by Harps of Semperit’s medical business (comprising the manufacture, distribution and sale of medical examination and surgical gloves) (Sempermed) for an enterprise value of EUR115 million.…

Biesterfeld to distribute Evonik rubber additive in Europe

German chemicals distributor Biesterfeld is expanding its partnership with compatriot chemical firm Evonik by taking on the distribution of rubber additive Vestenamer to all of Europe with the exception of Italy. The properties of trans-polyoctenamer rubber (TOR) make it suitable…