Finnish tyre manufacturer Nokian Tyres will be building its third factory in the US in order to boost growth outside of European market as its shares slid more than 6% as quarterly profit missed expectations. The new greenfield factory will…
Category: Investments
Indian rubber companies investing in synthetic rubber as demand rises
Rubber companies in India are starting to invest in synthetic rubber, building on the recently added capacity of about 270,000 tonnes a year, as demand for the commodity rises. Tyre manufacturers are also calling on them to start producing Solutions…
Lanxess invests EUR100 million for aromatic compounds/rubber chemicals
Speciality chemicals company Lanxess is continuing to target growth. During the next three years, its business unit Advanced Industrial Intermediates will be investing some EUR100 million in expanding production facilities for chemical intermediates. Around EUR40 million each will be invested…
Indorama invests US$25 mn to expand rubber glove capacity, production
Polyester powerhouse Indorama has invested US$25 million to expand the capacity of its subsidiary, PT Medisafe Technologies, which produces rubber gloves. The investment will allow Medisafe to build its sixth plant at its North Sumatra complex, which has existed since…
Synthomer invests EUR20 mn in dispersion plant, capacity expansions
UK-based chemicals business Synthomer, one of the world’s leading suppliers of waterborne dispersions and specialty polymers, is investing EUR20 million for the expansion and improvement of its dispersion plant located in Worms, Germany. This will strengthen the company’s continuous growth…
Chinese rubber equipment manufacturers eyeing investments in India
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…
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…