Italian rubber recycler Rubber Conversion says it has closed a EUR2.5 million financing round. The start-up that is active in rubber recycling, spanning pre and postconsumer scrap says it will use the funds to expand its processing capacity and enter…
Category: Industry News
Nokian to expedite expansion in Europe
Since the war in Ukraine has caused high uncertainty related to Nokian Tyres’s operational environment and manufacturing capacity, the company expects to expedite its plans to invest in new production capacity in Europe. Therefore, the Board of Directors of Nokian…
Bridgestone awarded US grant to advance guayule research
After more than a decade of conducting and investing US$100 million into research on guayule as an alternative to natural rubber for tyres, tyre maker Bridgestone Americas (Bridgestone) has been awarded a research grant by the US Department of Energy (DOE) Joint…
Malaysia’s glove sector ready for endemic stage
With Malaysia, the largest producer of gloves in the world, set to open its borders on 1 April, the Malaysian Rubber Glove Manufacturers Association (MARGMA) has welcomed the government’s move to transition to the endemic stage of the two-year pandemic…
Indian Oil to construct PBR plant in India
Indian Oil Corp (IOCL) has said that it plans to build a 60 kilotonne-per-annum (ktpa) polybutadiene rubber (PBR) plant at its existing naphtha cracker complex in Panipat, north of Delhi. IOCL is said to be investing around US$190 million in…
Trelleborg sells Trelleborg Wheel Systems to Yokohama for EUR2 bn
Trelleborg Group has signed an agreement to divest its Trelleborg Wheel Systems business area to Yokohama Rubber Company Ltd. for EUR2 billion on a cash and debt free basis, which represents 13x the business area’s 2021 operational EBITDA, or 17.5x…
Arlanxeo ups Chinese EPDM capacity by 15% via operational efforts
Synthetic rubber producer Arlanxeo, a subsidiary of Saudi Aramco, says it has reached a new milestone in advancing operations efficiency at the EPDM plant in Changzhou to increase annual capacity by 15%. Leveraging on its R&D capability at the Changzhou plant, the operations efficiency…
Chinaplas 2022 pauses amid rising Covid-19 in China
The 35th International Exhibition on Plastics and Rubber Industries (CHINAPLAS 2022), scheduled for April 25-28, 2022 at Shanghai’s National Exhibition and Convention Center, has been postponed. According to Adsale Exhibition Services Ltd, the exhibition’s organizer, new dates and other details…
Azelis acquires UK rubber additives distributor
Azelis, a provider of specialty chemicals and food ingredients, has acquired 100% of the shares of Whitfield Chemical Group, the ultimate parent company of WhitChem, a distributor focused on CASE (coatings, adhesives, sealants and elastomers) and R&PA (rubber & plastic…
ZC Rubber acquiring tyre maker in Tianjin
Zhongce Rubber Group Co. Ltd. (ZC Rubber), China’s largest tyre maker and ranked number nine in the list of the top 75 global tyre manufacturers, is acquiring Tianjin United Tire & Rubber International Co. (Tutric), the manufacturer of Tianli tyres, for about RMB1.3 billion. The deal is to be completed on 1 April.…