Based in Preston, UK, CIL is a leading developer and manufacturer of high performance rubber to metal, rubber to plastic, rubber to fabric and rubber to glass bonding adhesives for high performance automotive and industrial applications, including anti-vibration, hoses and…
Category: Investments
Hitachi Automotive opens new facility in Chennai
The expansion is in response to growing importance of India in global automotive business. The group sees India as a strong base for its global strategy. The Japanese industrial giant has commissioned a new plant, its second factory in India,…
West Herr Automotive acquires assets of Autoplace Nissan
West Herr Automotive Group has acquired the assets of Autoplace Nissan and Autoplace Infiniti. The dealership, which employs about 70 at 8137 Main St. in Amherst, will become the 23 rd location for West Herr. Earlier this year, Automotive News ranked West Herr as the…
Royal Holdings acquires Chemical Innovations Limited
Royal Holdings, Inc announced that it has through its Kommerling UK Limited subsidiary, acquired the stock of Chemical Innovations Limited (CIL) from Vita (Group) Unlimited. Based in Preston, UK, CIL is a leading developer and manufacturer of high performance rubber…
Rubber supplier starts biomass power plant
A biomass co-generation power plant has been created at Vielle-Saint-Girons by a company called DRT. DRT is a supplier of rosin and turpentine-based products to the rubber industry. The biomass power plant is operated by Biomass Energy Solutions VSG, a…
Warren Buffett Adds To Automotive Bets With US$560 Million Axalta Investment
Berkshire Hathaway’s Warren Buffett is increasing his investment in the recovering U.S. automotive sector, this time by taking a US$560 million stake in Axalta Coating Systems , a 145-year old seller of coatings for cars, SUV’s and commercial vehicles. The investment comes as Axalta’s private…
New investments at Maragoni
As the deadline approaches for a possible extension of the labelling requirements already in force for new tyres to also include retreads, the retreaded truck tyre segment is rapidly evolving both regarding performance and the level of uniformity and efficiency…
Top Glove in RM1bil expansion mode
Top Glove Corp Bhd, which is currently in a net cash position of RM142.8mil, is on the lookout for merger and acquisition (M&A) opportunities to further expand its business scope. Chairman Tan Sri Lim Wee Chai said the group was…
Desser Tyre & Rubber has acquired European aircraft tyre
Desser Tyre & Rubber Co., LLC has acquired Europe’s leading aircraft tyre distributor, Watts Aviation. Located in Gloucestershire, England, Watts distributes a broad range of tyres and tubes for aviation as an authorized distributor for major tyre brands. Watts enhances…
Bekaert completes acquisition of Pirelli tyre cord plant in China
Bekaert and Pirelli have successfully closed the acquisition by Bekaert of the Pirelli steel cord plant in Yanzhou, Shandong Province, China. The deal closing in China follows the recent ownership transfers of other steel cord plants in Figline (Italy), Slatina…