Swedish industrial group Indutrade is to acquire all of the shares in Czechsilicone moulder Silroc CZ, which has annual sales of approximately CZK85million. Terms were not disclosed. Silroc is a manufacturing company, designing and producing customised parts and components from…
Category: Industry News
Malaysia’s Hextar to buy rubber chemical firm Nobel
Malaysian listed agrochemical firm Hextar Global Bhd has executed an RM50 million financing facility from HSBC Amanah Malaysia Bhd to finance its purchase of Nobel Synthetic Polymer Sdn Bhd and Nobel Scientific Sdn Bhd, collectively known as the Nobel Group,…
Trelleborg expands in Russia, Vietnam, Japan, and Morocco
Trelleborg Group is expanding geographically by establishing manufacturing operations in Russia, Vietnam, Japan, and Morocco. These will be the group’s first fully owned production facilities in these countries. The total investment amounts to just under SEK300 million, allocated over five…
ANRPC: Asian rubber market remains robust amid Evergrande, China’s energy issues
According to the ANRPC (Association of Natural Rubber Producing Countries) Rubber Market Intelligence Report ((Volume 2, No 18), published for the second half of September (16-31 Sept 2021), the Evergrande financial crisis and power outages in China have contributed to a…
Evonik’s Ultrasil celebrates 70 years of innovating tyres, rubber
For more than 70 years, the Ultrasil VN 3 active filler, developed by one of Evonik’s forerunners, has enabled the ongoing improvement of tyres and mechanical rubber goods. Claudine Mollenkopf, Senior Vice President Silica at Evonik, states, “This addition has…
Tyre majors lead healthy ecosystems, human rights policies adoption
Twelve major global tyre manufacturers including Apollo Tyres, Bridgestone, Continental Tires, Goodyear Tire and Rubber Company, Hankook Tire & Technology, Kumho Tires, Michelin, Nokian Tyres, Pirelli, Sumitomo Rubber Industries, the Toyo Tire Group and the Yokohama Rubber Co. Ltd. are…
Pirelli to invest in boosting production capacity at Mexico site
Pirelli, an Italian tyre producer, proposes to invest US$36 million in its Silao, Mexico, manufacturing site to raise production capacity to 7.2 million tyres per year. A total of 150 new employment will be created as a result of the…
Datwyler sells subsidiary Reichelt
Datwyler has agreed to sell its subsidiary Reichelt and its affiliated businesses to Invision. Reichelt made CHF 188.8 million in 2020 in online distribution of electronic components. The contract is expected to be completed in the autumn of 2021, assuming…
Continental unveils biomaterials concept tyres; to roll out tech for recycled PET polyester tyre
Continental’s ground-breaking Conti GreenConcept tyre design (previously introduced at the Munich auto show) combines current and new technology methods to the development of sustainable passenger car tyres. The study’s purpose is to reduce resource usage in every step of the…
EnPro divests polymer components segment to private equity firm
EnPro Industries, a US-based industrial technology company, has sold its polymer components business to Edgewater Capital Partners, a private investment firm focused on performance materials, based in Cleveland, Ohio. Financial terms were not disclosed. The polymer components business is headquartered in…