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…
Category: Investments
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…
Dow Corning invests US$1.8bn in China
Dow Corning invests approximately US$1.8 billion in their Zhangjiagang site in China. Dow Corning executives announced the investment during the site’s 10th year anniversary. The Zhangjiagang site is China’s largest facility of its kind and among the world’s biggest and…
JK Tyre acquires Kesoram Industries’ tyre unit in India
JK Tyre & Industries Limited (JK Tyre) and JK Asia Pacific Singapore Pte Limited signed an agreement with Kesoram Industries Limited (KIL) to acquire Cavendish Industries Limited (CIL). CIL has a unit located at Haridwar (Laksar), India which manufactures a…
Goodyear invests USD49mn on South Africa plant
Goodyear South Africa announced that it will invest USD670 million to increase high-value-added consumer tyre production at their manufacturing plant in Uitenhage, Eastern Cape. All production of medium radial truck tyres will be relocated to other Goodyear plants in other…
Lanxess makes rubber business an independent unit
Germany-based chemical company Lanxess is making its rubber production unit a separate, independent business unit in the Lanxess Group. The new unit will be made of Tyre & Specialty Rubbers and High Performance Elastomers business units. These two combined have…
Continental invests in new foundry
Continental is investing EUR6 million to build a new foundry in the Runding site of A-Z Formen- und Maschinenbau GmbH. A-Z Formen- und Maschinenbau GmbH designs and produces tyre moulds. The company was acquired by Continental last year. The foundry…
New US$275 million Ford plant in Russia launched
US car manufacturer Ford’s Russian arm Ford Sollers has unveiled a US$275 million plant in order to not lose out to weak currency and the high price of importing car parts. Ford aims to spend 60 percent of the cost…
Unique Fabricating Acquires Great Lakes Foam Technologies, Inc
Unique Fabricating, Inc. (“Unique” or the “Company”) which engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration and harshness management and air/water sealing applications for the automotive and industrial appliance market, today announced it has acquired…