German technology firm Continental has acquired family-owned belting manufacturer WCCO Belting headquartered in Wahpeton, North Dakota, US. With this acquisition, the technology company says it complements its conveyor belting customer portfolio and strengthens its Conveying Solutions business in the agricultural…
Category: Industry News
Continental strengthens conveyor belt business with acquisition
German firm Continental has acquired the conveyor belt systems and services specialist NorrVulk AB, based in Gällivare, Sweden. This acquisition complements the technology company’s portfolio for the sale of conveyor belt systems and related services and strengthens its business with…
Continental emphasises on need for skilled migrant labour in Germany
Technology firm Continental is calling for a concept for the controlled immigration of foreign workers. The German company sees this as an important means of effectively addressing the skills shortage in Germany. “The impact of demographic change, decarbonisation and digitalisation…
Wacker’s new production site for silicones in India for auto, medical sectors
Munich-based chemical group Wacker has opened a new production site for silicones in Panagarh, India. The plant, which is situated 160 km northwest of Kolkata, will manufacture silicone rubber and ready-to-use silicone compounds for electromobility, medical technology and electrical transmission…
Marangoni takes over jv firm to expand in India
Italy’s retreading specialist Marangoni Group has acquired GRP Ltd.’s 50% stake in the joint venture company in India – Marangoni GRP Pvt. Ltd – through its wholly owned subsidiary, Leader Rubber Company (SA) Prop., South Africa. The 50:50 jv company, incorporated…
Enviro’s pyrolysis oil approved under REACH; to ship to US
Tyre recycler Scandinavian Enviro Systems (Enviro) says it has received approval as an intermediate for its pyrolysis oil according to the EU chemicals regulation, REACH and therefore will now execute the previously announced order for pyrolysis oil worth MSEK2 to a leading US…
Hyundai and Michelin partner in tyres for premium EVs
South Korea’s Hyundai Motor Group has entered into an MoU with French tyre maker Michelin to develop next-generation tyres optimised for Hyundai’s premium electric vehicles (EVs). The new MoU follows the successful completion of the two parties’ first partnership and…
Michelin now sole owner of Indonesian sustainable plantation project
French tyre maker Michelin, which previously held 49% shares, has bought a further 51% of the capital of Royal Lestari Utama (RLU), a joint venture with Indonesian energy company Barito Pacific Group, thus becoming the sole owner of RLU. The project, which was…
BASF extends SSBR binder to use in EV batteries
German chemical firm BASF has extended its series of Licity anode binders for Li-ion battery manufacturing. The second-generation styrene-butadiene rubber (SBR) binder Licity 2698 X F facilitates the use of silicon contents exceeding 20%. In addition to the established properties of the…
Semperit opens new production site and hq in US
Vienna-based polymer products firm Semperit Group two years ago made the decision two years ago to invest around US$10 million into the installation of two new production lines for rubber gaskets as well as the relocation of the existing headquarters…