US automotive company Ford Motor Company has created Ford Autonomous Vehicles LLC, a new organisation charged with accelerating its self-driving business. It will include Ford’s self-driving systems integration, autonomous vehicle research and advanced engineering, AV transportation-as-a-service network development, user experience,…
Category: Investments
Arlanxeo invests in SR facilities in Brazil and France; to modernise and produce more grades
German speciality chemicals firm Arlanxeo says it is strengthening its position as the world’s leading manufacturer of synthetic rubber (SR). Over the next three years, it will invest EUR mid double-digit million to modernise its production sites in Triunfo, Brazil,…
Pirelli announces EUR250 million investment for its 2017-2020 industrial plan in Latin America
Pirelli’s Executive Vice Chairman and CEO Marco Tronchetti Provera recently announced that the tyre manufacturer has invested EUR250 million into its Latin American market. He said this is part of an industrial plan from 2017 to 2020. The investments will…
Demand for rubber mechanical goods to grow 6.3% annually through 2022
Global demand for rubber mechanical goods is forecast to advance 6.3% per year to US$76.7 billion in 2021. It is in line with the anticipated gains for the market as a whole, although this rate of growth is a major…
Continental invests in EUR10 million distribution centre in Germany
Technology company Continental wants to commission a new, cutting-edge distribution center near to the Hanover-Langenhagen airport at the end of 2018. It will invest more than EUR10 million in equipment and machinery. The aim is for drive belts and surface…
Volkswagen to invest US$27 billion in core brand until 2022
German automaker Volkswagen will invest EUR22.8 billion (US$26.9 billion) in its main car brand over the next five years. Most of that sum, around EUR14 billion, will be spent in Germany, Volkswagen said, adding that one of the key measures…
Motion Industries acquires US hose and belting company
Motion Industries has entered into a definitive agreement to acquire Apache Hose & Belting Company, with an effective close date of November 1. Iowa-headquartered Apache, specialises in value-added fabrication of belts, hoses and cut and moulded products used in a…
Evonik invests in fumed silica capacity expansion in Belgium
Germany-based leading global specialty chemicals company Evonik Industries is expanding its fumed silica capacities in Antwerp, Belgium with an investment amount in the upper double-digit million euro range. The company sees the move as a good fit for its strategy…
Top Glove venturing into condom business with RM75 mn investment
Malaysian rubber glove manufacturer Top Glove is expanding into the condom business with a RM75-million investment, according to the company’s founder Tan Sri Lim Wee Chai, adding that it’s a flourishing business to expand into since price-earnings valuations for the…
Freudenberg plans new site in India; EUR15 million investment
Diversified technology company that produces seals and nonwovens to household products and lubricants, Freudenberg, continues to expand its activities in Asia. The group will start with the construction of a new production facility in autumn 2017 in Chennai, India, producing…