Cheng Shin Rubber Ind. Co. Ltd./Maxxis International has approved nearly $1 billion in investments for the next few years to build plants in Indonesia and Taiwan and expand capacities at three plants in China. Cheng Shin Rubber disclosed the investment…
Category: Investments
Czech Republic has defeated Poland to attract Nexen
The Czech Republic has beaten Poland to attract Nexen Tire Corp to invest 829 million euros ($1.1 billion) in its first plant in the European Union as the South Korean company expands outside Asia. “To win this new major investment,…
Singapore rubber firm plans to buy Lee Rubber Indonesia plants
Singapore-listed rubber firm Halcyon Agri Corp Ltd is in talks to buy rubber processing plants in Indonesia from Lee Rubber for S$400 million to S$500 million ($320 million -$400 million), three people familiar with the matter said on Wednesday. Earlier…
Apollo to gain Cooper valued at approximately $2.5 billion
Apollo Tyres Ltd and Cooper Tire & Rubber Company today announced the execution of a definitive merger agreement under which a wholly-owned subsidiary of Apollo will acquire Cooper in an all-cash transaction valued at approximately $2.5 billion. Under the terms…
Cooper and INSA establishes joint venture to produce silica masterbatch
Building on the recent announcement that Cooper Tire & Rubber Company and the Industrias Negromex S.A. de C.V. (INSA) subsidiary of Grupo KUO have jointly earned a U.S. patent (8,357,733) for silica masterbatch, the two companies today reported achieving a…
Nexen builds new plant in the Czech Republic, land deal sealed
Representatives of the Ústí region have signed off on a land deal crucial to persuading South Korean based global tyre manufacturer Nexen to set up a new plant in the Czech Republic. Formalities still need to be completed, but what…
Bridgestone to expands light truck tyre plant
Bridgestone Corp., backed by funding from the Italian investment agency Invitalia, is planning to invest $57 million in its car and light truck tyre plant in Bari, Italy, which the Japanese tyre maker earlier had targeted for closure. Invitalia, the…
Accella gains two Ohio recycled rubber manufacturers
Accella Performance Materials Inc., of Maryland Heights, said today it has acquired two related producers of polyurethanes, plastisols and recycled rubber items. RTH Processing Inc. and RDT Manufacturing LLC are combined to form Ultimate RB Inc., Accella said. Both companies…
PolyOne expands supply agreement with Dow Corning silicones
PolyOne Corporation, a premier global provider of specialized polymer materials, services and solutions, today announced it has signed an expanded supply agreement with Dow Corning Corporation enabling PolyOne Distribution to sell Dow Corning® brand silicones to healthcare customers in China.…
US tyre makers invested billions for expansion projects
Looking strictly at the rising import penetration of passenger and light truck tyres in the US replacement business, it might be easy to get the impression that tyre manufacturing in the US is a dying industry. But that impression couldn’t…