At least five leading Chinese rubber equipment manufacturer, including Hehigher Rubber & Plastic Equipment Manufacturing, are looking to India for investment opportunities. Chinese companies usually look to Vietnam for investment tie-ups due to the ease of doing business in the…
Category: Investments
Michelin’s BFGoodrich to invest US$100 mn in Woodburn tyre plant
Michelin North America’s BFGoodrich brand is planning to invest US$100 million at its Fort Wayne tyre plant in Woodburn, Indiana in the US. According to a filing with Allen County government, the 55-year-old plant — the largest single taxpayer in…
Arlanxeo inaugurates state-of-the-art Rubber Tech Centre in China
Arlanxeo, a world-leading synthetic elastomers company, now offers the most comprehensive rubber laboratory in China with the opening of its state-of-the-art Rubber Technology Centre (RTC), one of its global rubber testing centres, in Changzhou. Located in the premises of Arlanxeo’s…
Wacker to build new pyrogenic silica plant in its Charleston site in the US
The new facility is a key addition to the Charleston site’s supply chain, with an expected annual capacity of 13,000 metric tonnes.
Evonik to invest US$120 mnfor new precipitated silica plant in South Carolina
The demand for fuel-efficient tyres with good wet grip properties and reduced rolling resistance in North America is experiencing above-average growth. This trend toward energy-efficient tyres is driving demand for precipitated silica in North America. To meet the rising need…
MARGMA urges members to invest in Thailand’s Rubber City
The Malaysian Rubber Glove Manufacturers Association (MARGMA) is encouraging its members to take advantage of the attractive tax incentives, abundant labour supply, and close proximity to raw materials that Thailand’s Rubber City is offering to investors. According to MARGMA President,…
Continental’s Taraxagum project wins two Automechanika 2016 awards
Experts at the automotive service industry trade fair Automechanika 2016 recently recognised the research and development work of Continental by presenting its “Taraxagum – Dandelion Rubber Tires” project the Innovation and the Green Award. The project involves producing rubber that…
Sentury Tire to invest US$530 mn, create 1,000 jobs in new US tyre facility
China’s fifth largest tyre manufacturing company, Sentury Tire, has selected La Grange, Troup County in Georgia, US to be the site of the company’s tyre manufacturing facility in North America, according to the state’s Governor Nathan Deal. Sentury Tire will…
IHS and Markit to merge
IHS and Markit announced the signing of a definitive agreement under which the companies will combine in an all-share merger of equals to create a global leader in critical information, analytics and solutions. Based on the closing prices of IHS…
Orion Engineered Carbons acquires Qingdao business
Orion Engineered Carbons S.A., announced that the acquisition of the remaining shares of the carbon black business (QECC) in Qingdao, China was recently completed. “The total purchase price of approximately EUR28 million for 100% of the equity of QECC was…