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…
Category: Investments
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…
Rubber City targets up to RM10 bn in investments
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…
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…