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…
Category: Investments
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…
Hankook Tire’s Laufenn brand grows in its first year
Following the unveiling of its Laufenn brand last November, Hankook Tire reports that the Laufenn brand has surpassed expectations for growth in its first year. Hankook Tire representatives stated recently that the Laufenn brand has produced strong results as it…
Kal Tire expands in Chile
Kal Tire’s Mining Tire Group opened a new off-the-road (OTR) tyre retread and repair facility near the port city of Antofagasta, in the heart of Chile’s mining industry. “Kal Tire has been supporting the Chilean mining industry for many years,”…
Marangoni expands in Canary Islands
Marangoni Retreading Systems is expanding its market presence on the Canary Islands, through a partnership agreement stipulated with Boleca S.L., one of the archipelago’s retreaders. The Canary Islands account for an important share of the Spanish market, due to the…
Shin-Etsu plans to expand facilities
Shin-Etsu Chemical plans to invest a total of ¥20 billion in facilities in Japan, as it proactively focuses on expanding its silicone business. The objective of the new facility investments in Shin-Etsu’s silicones business in Japan is to strengthen and…
Apollo Tyres opens two Apollo Zones in Jordan
Apollo Tyres inaugurated two new Apollo Zones, the company’s branded retail outlets, in Amman, Jordan. One of the Apollo Zones was inaugurated by HE Anil Trigunayat, Ambassador of India to Jordan, the other one was inaugurated by Sujay Srivastava, Head,…
Bridgestone to buy Pep Boys
Bridgestone Retail Operations, LLC (BSRO) will acquire Pep Boys in an all-cash transaction for US$15 per share, or approximately US$835 million in aggregate equity value. The transaction is expected to close in the beginning of 2016. Pep Boys, headquartered in…