US-based elastomer/composites supplier Cabot is expanding its Port Dickson elastomer composites plant in Malaysia, following rising demands from the tyre sector. However, capacity was not disclosed. Cabot built the world’s first facility dedicated to liquid mixing of elastomer composites in…
Category: Investments
Marangoni GRP adds Chennai Ringtread franchisee
Indo-Italian JV Marangoni GRP (MGPL) has introduced a new entrant into the commercialtyre retreading business with Ringtread franchise eXtramiles in Chennai, India. Giuseppe Marangoni, Vice President of Marangoni Group, and Harsh Gandhi, Joint Managing Director of GRP inaugurated the franchisee…
Forestry equipment tyre market on a roll
Increasing demand for wood and wood products, coupled with the shift towards automation in forestry operation to increase efficiency and output, is expected to lead a robust growth for the market in the coming forecast period. It is expected to…
Cimcorp establishes new operating base in Chennai
Finnish manufacturer and integrator of robotic handling solutions, Cimcorp will open its new location in Chennai, India, this June, in response to growing demand for local tyre industry automation; the decision to establish a base in Chennai strengthens the company’s…
Goodyear to upgrade plants in Germany; laying off 1,000 jobs
American Goodyear Tire & Rubber Co. has approved of plans to upgrade and automate two of its tyre manufacturing facilities in Hanau and Fulda, Germany, to increase production of premium tyres 17 inches in diameter and larger. The plan was…
Trelleborg acquires Italy’s Provana in new market strategy
Swedish group Trelleborg has – through its Trelleborg Wheel Systems subsidiary -signed agreements and finalised the acquisitions of Provana Solutions and Provana Quality Center. Provana Solutions specialises in the distribution and service of tyres and wheels to tractor dealers and…
Singapore’s Olam International to sell off rubber business and others to reel in US$1.6 billion
Singapore-based agriculture and food major Olam International plans to sell off four of its businesses, including rubber, over the next six years to yield an income of US1.6 billion; and to invest a further US$3.5 billion in its agriculture and…
Faurecia/Michelin join forces to develop hydrogen fuel cells
French tyre maker Michelin and automotive parts supplier Faurecia have set up a joint venture bringing together all of Michelin’s fuel cell related activities – including its subsidiary Symbio – with those of Faurecia. Both Michelin and Faurecia will have…
Ravago buys rubber chemicals supplier HB Chemical
TPE supplier Ravago Holdings America has acquired HB Chemical, a distributor for the North American rubber industry representing categories of synthetic rubber, accelerators, plasticizers, antioxidants, waxes and other specialty chemicals required by manufacturers of rubber and elastomer products. The acquisition…
European JV to set up ELT plant in Danish port
The prospective joint venture (jv) Elysium Nordic Apof Denmark’s WindSpace A/Sand Sweden’s Enviro has signed a lease agreement with Associated Danish Ports (ADP) for a site in Nyborgharbour on Funen, Denmark for material recovery of end-of-life tyres (ELT). The lease…