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…
Category: Industry News
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…
Hankook Tire launches footwear made of recycled tyres
South Korean tyre company Hankook Tire has collaborated with shoes brand YASE to launch eco-friendly shoes made of recycled tyres. YASE is a leather shoes brand headquartered in Korea launched in 2013. Hankook Tire and YASE embarked on ‘ZERO – LEAVE…
Agilyx and Kumho partner to develop eco-SSBR from plastics for tyres
US recycling firm Agilyx Corporation, a wholly owned subsidiary of Agilyx AS, and South Korean Kumho Petrochemical, a manufacturer of synthetic rubber, are collaborating to explore the development and construction of a chemical recycling project in South Korea. The project…
Orion Engineered Carbons starts second China plant for carbon black
Orion Engineered Carbons, a global provider of carbon black materials, has begun construction on its second plant in China, which will produce speciality and high-performance carbon black, increasing the chemical company’s production capacity. The new Orion facility in Huaibei, Anhui’s…
UK’s first ELT pyrolysis plant supports tyre recovery group goals
Carlton Forest Renewables has offered its support to the Tyre Recovery Association (TRA) as they work towards a shared objective for the responsible recovery of used tyres as the date for the opening of the UK’s first continuous pyrolysis plant…
Michelin acquires Allopneus to consolidate e-commerce presence
French tyre maker Michelin has acquired 100% ownership of Allopneus SAS, the French firm involved in sales and tyre fitting online for private individuals. Since 2015, Michelin had held 40% of the capital of the company, founded in 2004 by…
Goodyear, Plus collaborate on autonomous trucks’ efficiency
US-domiciled Goodyear Tire & Rubber Company forms a strategic partnership with Plus (formerly Plus.ai), a California-headquartered global provider of self-driving truck technology to deliver efficient, autonomous trucking solutions. The Goodyear portfolio of services, which includes connected tyres aim to improve…