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…
Category: Investments
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…
Phillips Carbon Black to set up 1,50k-tonne unit in South India
Phillips Carbon Black (PCBL), India’s largest carbon black producer and exporter has shortlisted three locations, Tamil Nadu, Andhra Pradesh and Telangana for its 1,50,000-tonne carbon plant. The new plant will have an investment of Rs 600-620 crore. There have been…
Chinese rubber chem producer gets nod for TBBS project trial run
Shandong Sunsine Chemical Co, Ltd, a wholly owned subsidiary of China Sunsine Chemical Holdings Ltd, a specialty rubber chemicals producer and global leader in the production and supply of rubber accelerators obtained the Government’s approval for the trial run of…
Shepherd to expand European ops
US-based lubricant additives firm Shepherd Chemical is investing US$8.5 million to expand its Mirecourt, France European operation. The projected growth path at the Mirecourt location includes the addition of a third reactor, a new warehouse, and upgraded R&D pilot facilities.…