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.…
Category: Investments
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…
CEAT Kelani to invest Rs.600 mn radial tyre plant
CEAT Kelani Holdings, the company that manufactures half of Sri Lanka’s tyre requirements, has announced a further commitment to the country in the form of an investment of Rs.600 million on a new tyre plant to produce highend radial tyres.…
Commission endorses investment aid for Hankook for production of tyres in Rácalmás, Hungary
The European Commission has authorised €57.9 million of regional investment aid to the Hungarian company Hankook Tire Hungary Manufacturing and Trading Ltd (“Hankook Hungary”) for the construction of a tyre plant in Rácalmás, Fejér county, Hungary. The Commission found that…
Japan’s Yokohama Tyres bets big on India
Japan-based Yokohama Tyres, which opened a manufacturing plant last month, is undertaking feasibility studies on supplying tyres to Indian car companies, a top official of the company said. “Right now we are not in position to talk to these companies…
Vogue Tyre acquires E&G Classics
Vogue Tyre & Rubber Co. has acquired certain assets of E&G Classics, forming a new, separate company: E&G Corp. “Partnering with E&G is a great opportunity for Vogue Tyre, E&G and our collective customers,” said Greg Hathcock, president of Vogue.…
AmResearch maintains Buy on Kossan Rubber
AmResearch is maintaining its Buy rating on Kossan Rubber Industries with an unchanged fair value of RM5.05 a share. It said on Thursday it continues to peg itsvaluation to a price-to-earnings (PE) of 17.5 times over its FY14F earnings. “Kossan…
Titan still interested in Goodyear’s plant
Titan International Inc. remains open to making a bid on Goodyear’s troubled Amiens Nord plant in France, but some hurdles still remain in the way of a deal taking place in the near future. For the time being, Titan said…
Multi-million pound pledge puts new spin on tyre tests
Up 100 new jobs are set to be created after a Bicester firm won a multi-million pound contract for its inventive tyre-measuring technology. Sigmavision’s TreadReader, an automatic tyre inspection system that spots worn tyres, can be fixed into drive-over ramps…
Asia rubber-tyre grades at multi-year lows; SIR20 sold to Bridgestone
Tyre grade prices tumbled to multi-year lows this week because of weakness in benchmark Tokyo futures and persistent worries about slowing demand from main consumer China, dealers said on Wednesday. Although the dip in prices spurred buying from tyre makers,…