The Rubber City being built in Padang Terap, Malaysia is scheduled to open next year and is eyeing investments of between RM5 to 10 billion. Kedah Menteri Besar Datuk Mukhriz Tun Mahathir said that acquiring land, constructing roads, and providing…
Category: Investments
Bridgestone to acquire TireConnect Systems
Bridgestone Americas will acquire TireConnect Systems, a software company that supports tyre dealers and distributors in North America with a turn-key, online tyre sales tool featuring ecommerce capabilities. The acquisition, which is expected to close within the next 30 days,…
Iran building first ESBR plant
Iran, with the help of Versalis and Maire Tecnimont, is building a production plant for synthetic polymer ESBR, a product used in rubber manufacturing, according to a report by PressTV. The plant will be the first of its kind in…
Voith launches new rubber roll covers
The market launch of Voith’s UniFilm and UniSize, two rubber roll covers for film and size presses, is the start of a new product series. Voith developed the UniFilm rubber roll cover for use in film presses, while UniSize was…
Trelleborg acquires Maritime International
Trelleborg, through Trelleborg Offshore & Construction, acquired Maritime International, Inc., a U.S. based privately owned marine fender systems company. The transaction is expected to be finalized in the fourth quarter of 2015 The company designs and manufactures marine fender systems…
Apollo Tyre opens retail outlet in Lebanon
Apollo Tyre opens its first branded retail outlet in Lebanon. Named Apollo Zone, the outlet is located in the Beqaa Governorate of Lebanon, which is the main road connecting Lebanon to Syria. The Apollo Zone has been opened in association…
Shell to spend US$55mn to clean former rubber plant
The US Environmental Protection Agency (EPA) has reached a US$55 million settlement with Shell Oil Company and the U.S. General Services Administration (GSA) for the cleanup of contaminated soil at the Del Amo Superfund Site in Los Angeles, Calif. The…
Kumho tops Tire Rack’s latest test
Independent tyre tester Tire Rack evaluated three ultra high performance all-season tyres (UHPAS) claiming a level of “newness.” These were the all-new Fuzion UHP Sport A/S as well as the redesigned Sumitomo HTR A/S P02 and Kumho Ecsta 4X…
India’s Rubber Board backs 100% foreign investment
The Rubber Board supports a proposal allowing 100% foreign direct investment (FDI) in the rubber plantation sector. A Jayathilak, Rubber Board Chairman said that foreign investment is important to make the country self-sufficient in natural rubber. The Department of Industrial…
Synthos S.A. opens its new SSBR rubber plant in Poland
Synthos S.A. opens its new modern SSBR rubber production plant last September 3. The rubber plant costs PLN 568 million (EUR169.5 million). EU funding gave PLN147 million (EUR34.82 million) to cover some costs. The new plant is set to produce…