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…
Category: Investments
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…
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…