US-based materials firm Kraton says it has made a significant investment in its Alpha Methyl Styrene (AMS) resins facility in Niort, France. The company, which specialises in sustainable production of specialty polymers and high-value bio-based products derived from pine wood…
Category: Industry News
Continental tyres partner with Ain Dubai
Huge wheels are no stranger to German tyre manufacturer Continental. But now, Continental tyres are being used to help operate the world’s largest and tallest observation wheel – Ain Dubai, by Dubai Holding, located on Dubai’s island destination, Bluewaters. Continental’s…
Toyoda Gosei to set up airbag plant in South China
Due to the growing automotive market in China, Toyoda Gosei Co., Ltd. will establish a new plant in Guangdong Province to enhance its production network for airbags and steering wheels, which are its major products in the country. The new…
Italian recycler receives EUR2.5 mn financing for expansion
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…
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…