Mechanical Rubber in Warwick recently announced it acquired Prestige Rubber Manufacturing Corp. of Fairfield, N.J., in January. Prestige is a manufacturer of rubber elastomer expansion joints and wrapped rubber tubing. Products are sold to manufacturers, users and distributors throughout North…
Category: Investments
Yokohama Rubber inks deal with Chelsea
Chelsea yesterday revealed The Yokohama Rubber Company Ltd will be their shirt sponsor from next season in a five-year deal which is reported to be the second largest in Premier League history. The west London club, who agreed a 10-year…
Vipal Rubber opens new Italian office
Brazilian retreading and rubber product manufacturer Vipal Rubber has set up a sales office in Italy. The new office in Bologna opened in January 2015 and caters to a market that last year grew 13 per cent year-on-year. The decision…
Investment firm to acquire Azelis
Europe-based specialty chemicals distributor Azelis Holding SA is being sold by its private equity owners 3i Group plc to another private investment outfit, Apax Partners LP. The financial terms of the deal have not been released. The deal is expected…
Lanxess subsidiary expands Tepex composites range
The Bond Laminates GmbH, a subsidiary of specialty chemicals company Lanxess, has expanded its Tepex range of continuous fibre-reinforced thermoplastic high-performance composites to include halogen-free flame-retardant versions with a polycarbonate matrix. “Our new Tepex FR grades demonstrate exceptionally high flame…
Haridwar tyre factory valued at Rs3,573 crore
Kesoram Industries Ltd has internally valued its tyre factory at Haridwar, which it is hiving off and is looking to sell, at Rs.3,573 crore, at least Rs.1,200 crore more than what the cement and tyre maker had previously said it…
Cooper Tire announces new US$200 mn share repurchase authorisation
Cooper Tire & Rubber Company announced on Feb 23 that its Board of Directors has authorised the repurchase of up to US$200 million of the company’s outstanding common stock through December 31, 2016. Shares will be repurchased from time to…
Linden invests in Chicago silicone manufacturer
Linden Capital Partners a Chicago-based healthcare private equity firm, announced on Feb 5 that it has completed an investment in The Flexan Corporation a leading global manufacturer of high-precision silicone and rubber parts predominately serving the medical device industry. The…
ContiTech optimises production of cooling water hoses
ContiTech, one of the leading manufacturers in the area of cooling water hoses for industrial use, has optimized the production of its tried and tested cooling water hose. These are now manufactured in accordance with DBL 6254.12, DBL 6254.16, and DIN…
Group says smuggling discourages foreign investment
Senior executive of the General Tyre and Rubber Company (GTR) said that the smuggling of tyres has discouraged foreign investment He said India was taking advantage of this situation by offering incentives to attract more investment from global tyre makers.…