Process tech firm Lummus Technology has announced an investment in US-based recycler InnoVent Renewables to accelerate deployment of its proprietary tyre recycling technology. Terms were not disclosed. It is estimated that over 1 billion tyres end up in landfills every…
Category: Investments
Triangle Tyre to invest in facility in Cambodia
Chinese tyre maker Triangle Tyre is investing around US$460 million to build its first overseas manufacturing base in Cambodia, a move aimed at optimising its international market layout. According to a statement released, the company plans to build production lines…
Continental negotiating with ASC on sale of French retail ops
Germany’s Continental says it has entered exclusive negotiations with ASC Investment regarding the sale of its French retail operations ContiTrade France. The intended transaction includes more than 130 company-owned BestDrive outlets, two retreading facilities, as well as the administrative functions supporting the…
Kumho to set up European plant in Poland; US$590 plus mn investment
Moving forward in its expansion plans, South Korea’s Kumho Tire says it will set up its first European manufacturing plant in Poland’s Opole region. It added the US$590 million factory is scheduled to begin initial operations in 2028, subject to…
Prometeon to invest US$400 mn in expansion of Egyptian tyre plant
China’s Prometeon Tyre Manufacturing, a subsidiary of China National Tyre and Rubber Co., Ltd., plans to invest US$400 million to expand its operations in Egypt, producing 1.5 million additional tyres and upgrading its existing factory. A meeting was recently held with…
ContiTech to expand US facility, invests US$85 mn
German firm Continental’s group sector ContiTech announced that it plans to invest more than US$85 million to expand its manufacturing operations in Mount Pleasant, Iowa. The plant expansion includes construction of a compounding centre that will integrate production, warehouse and…
Kobe Steel to invest in expansion at Indian tyre/rubber machinery plant
Japan’s Kobe Steel has announced that it has decided to invest in the expansion of a plant at Kobelco Industrial Machinery India (KIMI), a production base of the Kobe Steel Machinery Business division. The expansion is projected to be completed…
Yokohama Rubber invests US$35 mn in idled tyre plant to expand in Romania
Japanese tyre maker Yokohama Rubber has acquired a former tyre manufacturing facility in Romania for US$35 million to expand production capacity for off-the-road (OTR) tyres in Europe. The purchase of the plant in Drobeta-Turnu Severin through subsidiary Yokohama TWS Romania…
Pirelli puts US investment on hold due to Sinochem
Italian tyre maker Pirelli says it has put on hold plans to invest further in the US due to tensions pertaining from its ownership by Chinese state-owned group Sinochem, which is its largest investor. Sinochem has a 37% stake in…
Mesnac to invest in plant in Mexico
Chinese rubber machinery maker Mesnac has announced an initial investment of US$20 million to establish a new production plant in León, Guanajuato, Mexico. This strategic move seeks to consolidate its presence in North America, a key market for the rubber…