A SLIGHT hitch with a railway firm was the only thing left holding up the development of a factory by an Italian tyre giant in the town in the 1920s. Burton Town Council revealed that arrangements were being finalised for…
Category: Investments
Sailun involved in Kings Road Tyres acquisition
Tyre manufacturer Sailun has confirmed to Tyrepress an “indirect interest” in Kings Road Tyres. While the direct players in the investment group have yet to be fully confirmed, Sailun’s indirect interest gives some indication of potential tyre industry figures in…
How the Apollo, Cooper deal was botched
The $2.5 billion Apollo-Cooper marriage was called off before they could say ‘I do’. Both parties are aggrieved, and everyone, it seems, is to blame. Together, they would have become the 7th largest tyre company in the world. But, as…
Pirelli denies receiving any proposal from potential buyers
The head of Pirelli said on Wednesday he had received no proposal regarding a possible sale of the Italian tyremaker. “No proposal arrived to the undersigned and I did not make any proposal to the Pirelli board,” Pirelli’s Chairman and…
Camoplast Solideal acquires Cherokee Tire
Industrial tyre and track maker Camoplast Solideal Inc. has bought Cherokee Industrial Tire of Lexington, S.C., to reinforce its materials-handling service network throughout the U.S. Northeast, South and Midwest. Financial terms of the deal were not disclosed. Founded by the…
ATD to buy Hercules Tire for $310M
American Tire Distributors Holdings Inc. (ATD) has agreed to buy Hercules Tire & Rubber Co. for about $310 million, subject to certain customary pre-closing adjustments. American Tire Distributors will effect the purchase through ATD Merger Sub II L.L.C., an indirect…
Bridgestone buys Indonesian cargo; trade subdued
Bridgestone Corp, the world’s largest tyre maker, purchased Indonesian rubber for nearby shipments at prices below 100 U.S. cents a pound, offering some respite to an otherwise depressed physical market, dealers said on Wednesday. SIR20 for March/April delivery was sold…
Polish company Synthos bolsters SBR business
Synthetic rubber producer Synthos S.A. is expanding its operation on two fronts. The Poland-based company has formed a key alliance with Harwick Standard Distribution Corp. to distribute Synthos’ SBR and butadiene products in the U.S. and Canada. It also is…
Semperflex pumps EUR10 mn to expand hose capacity
Austria-based Semperit Group is expanding its hose production in the Semperflex segment. More than EUR10 million will be invested to raise capacity at the Semperflex Optimit plant in Odry, Czech Republic. Semperflex Optimit is already Europe’s largest manufacturer of hydraulic…
Kossan eyes Indonesia for its new plant and targets Vietnam too
Malaysian rubber products manufacturer Kossan Rubber Industries Bhd plans to set up a new manufacturing plant in Jakarta, Indonesia, in the second half of this year. According to its General Manager of Group Corporate Affairs and Business Development, Edward Yip,…