Finland’s Nokian Tyres has signed a ten-year agreement with the Nordic energy company Gasum to supply renewable wind energy for the electricity used in the Finnish factory and in Vianor operations in Finland. The power will be produced by a new…
Category: Industry News
Michelin to decarbonise French tyre plant
French tyre firm Michelin has tied up in a ten-year contract with low-carbon utility company Engie to optimise energy consumption at its tyre factory in Clermont-Ferrand, central France. In addition to utilities management, the ten-year contract provides for the design and operation…
TAIF, Sibur merger finalised; fifth global producer
Russian petrochemical firms Sibur and TAIF have entered into an agreement finalising the creation of a combined entity that will leverage the facilities of PJSC SIBUR Holding. The move follows an announcement in April that the firms had initiated steps to…
Fenner’s acquisition of conveyor belt maker strengthens offerings
UK’s Fenner Precision Polymers, a Michelin Group Company and supplier ofreinforced polymer technology, has acquired Lumsden Corporation, a manufacturer of industrial conveyor belting and wire cloth for the quarry and mining industry, as well as related solutions for a wide…
Indutrade acquires Czech silicone moulder
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…
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…