The new facility is a key addition to the Charleston site’s supply chain, with an expected annual capacity of 13,000 metric tonnes.
Category: Investments
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…
Trelleborg acquires marine docking and mooring solutions company
Trelleborg has, through its business area Trelleborg Offshore & Construction, signed an agreement to acquire Marimatech A/S, a company in marine positioning and piloting systems, primarily specializing in the development of software used for docking or mooring ships offshore or…
Continental donates to Syrian refugees
Continental is donating EUR100,000 to the Welthungerhilfe aid organization to support Syrian refugees. “Through no fault of their own, the people in the many refugee camps in the Middle East and Turkey are suffering the most from the conflicts in…
ZC Rubber opens new subsidiary in Brazil
Chinese tyre manufacturer ZC Rubber Group Co. Ltd. announced the establishment of its Brazil Company, ZC Rubber Brazil Importation and Exportation (ZC Brazil). The new company is located in San Paulo, the largest city and the economic center of Brazil.…