West Bengal-headquartered Phillips Carbon Black Limited (PCBL) is meeting the growing demand for specialty black products with the commissioning of two specialty black lines in Palej, Gujarat, totalling 32,000 metric tonnes/annum. PCBL, a part of RP-Sanjiv Goenka Group, has a…
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…
Sibur-RIL jv halo butyl plant completed; to roll out 1st batch of products
Russian petrochemical company, Sibur in its Q4/FY 2020 financial and operating report announced that the construction of a halo butyl production facility – a consummation of its joint venture with Indian multinational conglomerate company Reliance Industries Ltd (RIL) – has…
Goodyear Ventures adds autonomous trucking company TuSimple to its portfolio
Ohio-headquartered Goodyear Tyre & Rubber Company, through its venture capital company Goodyear Ventures invests in TuSimple, a global autonomous trucking technology company, to its growing investment portfolio. California-headquartered TuSimple operates self-driving trucks out of their facilities in Arizona, Texas, China,…
Bridgestone India invests in fleet management start-up
Bridgestone India has invested in a tyre management services start-up Fleeca India, which will strengthen its operations in digital mobility solutions. Bridgestone and Fleeca India – which works to increase efficiency of tyre management for fleet owners or operators –…
TVS Srichakra invests US$135mn to two-/three-wheeler capacity expansions
India’s TVS Srichakra Ltd. is planning to expand capacity for two- and three-wheeler and off-the-road (OTR) tyres at its plants in Madurai and Pantnagar, to meet growing demand for its products. The tyre maker is committing US$135 million to the…
Vietnam Rubber to invest in M&As for tyre production
The Vietnam Rubber Group (VRG) is turning to mergers and acquisitions (M&As) to help close the value chain of rubber tyre and tube products. VRG said, in a recent meeting with the Committee for Management of State Capital (CMSC), that…
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…