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…
Category: Investments
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…
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…