Guangxi Linglong Tire, Shandong Linglong’s fully-owned subsidiary, marked the release of its first radial earthmover tyre in May 2019. The production kicks off Linglong’s US$578 million investment into steel, all-steel and engineered tyres, later including some 20 million high-performance semi-steel…
Category: Investments
Trelleborg Lanka invests in environmentally-friendly tyre manufacturing
Trelleborg Wheel Systems (TWS) seeks to improve production efficiency with the addition of an advanced biomass boiler to its Sri Lankan plant’s steam production process. The biomass-fired boiler will reduce harmful CO2 emissions by a whopping 90%, simultaneously enabling “greener”…
Cabot to invest in Malaysian elastomer composites facility
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…
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…