French tyre maker Michelin has announced a tender offer for public shares in Indonesian tyre producer Multistrada Arah Sarana (MASA) as part of the company’s plan to delist and transition to a private entity. The move follows approval from the…
Category: Investments
Goodyear sells Dunlop brand to Sumitomo Rubber for US$700 mn
Goodyear Tire & Rubber Company has announced that it has signed a definitive agreement to sell the Dunlop brand, comprising trademarks and intangible assets necessary for operations of the brand business in Europe, North America and Oceania for consumer, commercial…
Wanli investing in US$500 mn tyre plant in Cambodia
Chinese tyre maker Wanli Tire Co. has become the latest in a string of investors in Cambodia. It is pumping in an investment of US$500 million to build Cambodia’s sixth tyre manufacturing facility, marking the latest Chinese investment in Southeast…
China’s Guizhou Tyre breaks ground on US$230 mn project in Vietnam
Chinese tyre producer Guizhou Tyre, under its Advance Tyre (Vietnam) Co Ltd subsidiary, under has broken ground on its US$230 million tyre expansion project in Vietnam’s Mekong Delta province of Tien Giang. The construction will be undertaken by engineering firm…
India’s Ceat to acquire Camso brand from Michelin for US$225 mn
Tyre maker Ceat, a part of RPG Group, has announced that it has entered into a definitive agreement with French tyre maker Michelin to acquire its Camso brand’s off-the-road-highway tyres (OTR) and tracking business for US$225 million. The acquisition will give Ceat…
Bridgestone to invest US$180 mn in passenger car tyre plants in Japan
Bridgestone Corporation has announced that it will make strategic investments to expand capacity in three passenger car tyre plants in Japan: the Hikone plant, the Tosu plant, and the Tochigi plant. These are the main production bases for high rim…
Novonix ties up in deal with Stellantis to supply synthetic graphite
Australian battery materials and technology company Novonix and US auto firm Stellantis NV have announced the signing of a binding offtake agreement for a minimum of 86,250 tonnes, up to a target volume of 115,000 tonnes of high-performance synthetic graphite…
OCSiAl opens first European graphene nanotube production facility
OCSiAl, the global leader in graphene nanotube technology, has opened its first European production facility. The facility, located in Serbia will produce Tuballt nanotubes and nanotube-based products, marking a significant step forward in integrating nanomaterials into various industries. More than…
Continental expands capacity of its Thai tyre plant
Continental is expanding its tyre plant in Rayong, Thailand, by 3 million units per year, with a total investment of over EUR300 million. Supported by Thailand’s Board of Investment (BOI) under the Economic Recovery Scheme, this growth will add around…
Thailand approves US$400 mn investment by Continental to expand radial tyre facility
Thailand’s Board of Investment said recently it had approved a US$400 million investment by German tyre maker Continental to expand its existing facility in the country, which is the world’s second largest tyre producer after China. Continental intends to expand its tyre…