Ohio-headquartered Cooper Tire & Rubber Company has agreed to form a joint venture (jv) with Sailun Vietnam Co, Ltd, a Tây Ninh-based manufacturer of off-highway tires and all-steel belted tyres, to build a manufacturing plant with the capacity to produce…
Category: Investments
Trelleborg invests in two-wheeled vehicle tyres plant in India
Sweden-headquartered engineered polymer solutions specialist Trelleborg , through its Trelleborg Wheel Systems business area, is invest in a production facility in India for the manufacture of tyres for two-wheeled motor vehicles, thereby creating a platform for global growth and increased…
Arsenal Capital Partners scores Polytek
Arsenal Capital Partners, a leading private equity firm that invests in middle-market specialty industrials and healthcare services companies, acquires Polytek Development Corp, a US manufacturer of liquid mould rubbers and casting plastics, from Morgenthaler Private Equity. The terms of the…
Safic-Alcan extends French distribution deal with Arlanxeo
Starting 1 Jan 2019, Safic-Alcan, a French independent distributor of speciality chemicals, is extending its exclusive agreement with Arlanxeo for existing Keltan distribution in France. Arlanxeo has partnership with Safic-Alcan for Italy, Benelux, Germany, Austria, Switzerland and Czech Republic. The…
Cooper Tire Europe mulls ceasing light vehicle tyre production in Melksham
Cooper Tire & Rubber Company Europe Limited, a subsidiary of Cooper Tire & Rubber Company is entering a consultation period to explore ceasing light vehicle tyre production at its Melksham site in Wiltshire over a period of 10 months. Subject…
Evonik opens new silica plant, invests US$120 mn
German specialty chemicals Evonik Industries, has started up a precipitated silica plant for the tyre industry in South Carolina, US, in response to the high demand from the tyre industry for precipitated silica in North America. It has invested an…
KKR to cop Minnesota Rubber and Plastics from Norwest Equity Partners
Minnesota Rubber and Plastics(MRP) a leading provider of elastomer and thermoplastic solutions, is to be acquired by KKR, a global investment firm, from Norwest Equity Partners (NEP), a Minneapolis-based middle-market equity investment firm. This transaction marks KKR’s second acquisition of…
SK Capital wraps up SI Group acquisition; brings Addivant into its fold
SK Capital Partners, a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, has completed the acquisition of SI Group, a leading global developer and manufacturer of performance additives and intermediates. The transaction includes the combination of…
Camso launches new manufacturing facility in Peosta
Camso, a US manufacturer and distributor of off-road tyres, wheels, rubber tracks and undercarriage systems to serve the material handling, construction, agricultural and powersports industries has recently inaugurated its new manufacturing facility in Peosta, Iowa. During the opening, guests toured…
China’s General Science opts for Thailand for tyre plant
Chinese tyre maker Jiangsu General Science Technology Co. Ltd. is looking elsewhere for a plant in Southeast Asia and has decided to locate its planned US$300 million tyre plant in Thailand instead of Cambodia. The reason the firm said was that…