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…
Category: Investments
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…
Sumitomo boosts investments in Brazil to accommodate rising demand for tyres
Sumitomo Rubber Industries, Ltd. has decided to make an additional investment in equipment and facilities for the production of truck and bus tyres at their Brazil factory. In addition to producing tyres for passenger cars and light trucks, the group’s…
Birla expands carbon black production in Spain
Birla Carbon Spain, a key business of the US$44.3 billion India-headquartered Aditya Birla Group, have announced an investment of EUR5 million towards sustainability and energy efficiency projects. As a manufacturer and supplier of carbon black, Birla Carbon has seen an…
Linglong to build US$1 bn tyre plant in Serbia
Chinese company Shandong Linglong said on Monday it plans to invest around US$1 billion in the construction of a tyre factory in Serbia’s Zrenjanin Free Trade Zone. The construction of the factory is planned to officially start in April 2019 and will be carried…
Magna Tyres Group expanding OTR tyre production at the Hardenberg (NL) plant
As an industry leader, and currently the fastest growing OTR company in the world, Magna Tyres Group is committed to delivering the premium quality and guaranteeing the product availability demanded by its ever-growing customer base. Earlier this year Magna Tyres…
Vibracoustic invests EUR4 mn in expansion of Polish plant
Vibracoustic, a provider of vibration control solutions for the automotive industry, is expanding its Polish plant Sroda Slaska I with an investment of around EUR4 million. With this, the company says it seeks to expand its leading market position and…