Category: Investments

Goodyear to acquire Cooper in a US$2.5 bn deal

US-headquartered Goodyear Tire & Rubber Company (GT) is acquiring Cooper Tire, the 5th largest tyre manufacturer in North America, in a transaction estimated at US$2.5 billion. The agreement should strengthen Goodyear’s leading position in the U.S., while significantly expanding its…

Pyrolyx delists from Australian/German stock markets

Due to the closure of its facilities in the US and Germany, against the backdrop of tighter market conditions, German tyre pyrolysis company Pyrolyx  has delisted from the Australian Securities Exchange (ASX) and the Dusseldorf and Frankfurt stock markets in Germany. Pyrolyx had in May 2020 confirmed…

Birla Carbon invests in US nano-materials firm Chasm

Indian carbon black supplier Birla Carbon says it has progressed from a joint development agreement to a strategic investment in US Chasm Advanced Materials Inc., a manufacturer of nanoscale materials, to commercialise nanomaterials to benefit various market segments including high-performance tyres, conductive plastics, novel…

BASF invests in pyrolysis oil firm Pyrum

German chemical firm BASF SE is to invest EUR16 million into Pyrum Innovations AG, a technology company specialised in the pyrolysis of waste tyres, headquartered in Dillingen/Saar, Germany. With the investment, BASF will support the expansion of Pyrum’s pyrolysis plant…