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…
Category: Investments
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.…
LyondellBasell reports to gain PP compounding assets of Zylog
LyondellBasell announced that it has entered into a definitive agreement to acquire the polypropylene (PP) compounding assets of Zylog Plastalloys Pvt. Ltd. (Zylog) of India. Upon completion of the acquisition, LyondellBasell will double its automotive customer base in India and…
Lanxess opens new production line in China
The Lanxess Rhein Chemie Additives business unit opened a production line for Rhenoshape tire curing bladders at its production site in Qingdao, China. Rhein Chemie Additives is the only global player offering tire manufacturers bladders, release agents and tire marking…
Trelleborg acquires Mitas parent company
Trelleborg acquired ?GS Holding a.s. – a privately-owned company with leading positions in agricultural, industrial and specialty tyres as well as engineered polymer solutions. Trelleborg also acquired ?GS subsidiary Mitas. The acquisition amounts to around SEK 10.9 billion on a…
Denka acquires DuPont’s Chloroprene Rubber Business
Denka Performance Elastomer LLC (DPE) recently acquired DuPont’s chloroprene rubber business. DPE is a joint venture between Denka and Mitsui & Co., Ltd., Denka, Mitsui and DuPont have entered into an agreement with regard to the acquisition of DuPont’s chloroprene…