Category: Investments

Lion to invest US$22 mn in EPDM expansion in US

Synthetic rubber manufacturer Lion Elastomers has invested US$22 million to construct a new multi-level production building housing two new finishing lines at its manufacturing facility in Ascension Parish. The expansion will increase production capacity at the plant, which supports the…

Hankook Tire to invest US$1.6 bn in US plant expansion

South Korean tyre maker Hankook Tire says that its board of directors has approved a US$1.6 billion investment to expand its Tennessee plant, located in Clarksville, Tenn. The investment includes the previously planned Phase 2 expansion that will double production capacity of Hankook’s passenger car and…

Arlanxeo debottlenecks German HNBR plant by 10%

Arlanxeo says it is strengthening its position as one of the world’s leading manufacturers of synthetic rubber by investing in its HNBR (hydrogenated nitrile butadiene rubber) plant in Leverkusen, Germany. The investment re-emphasises Arlanxeo’s commitment towards upgrading applications in automotive systems, oil exploration,…