US tyre maker Cooper Tire & Rubber Co recently announced that it has dropped out from the merger agreement it waxed in early June of 2013 with Indian tyre maker, Apollo. After a series of disputes over the US$2.5 billion…
Category: Investments
Freudenberg clinches Ansell’s Marigold rubber gloves
GERMAN-owned Freudenberg Home and Cleaning Solutions (FHCS), has acquired glove maker Ansell’s Marigold household glove and cleaning products business, which reportedly posts annual sales of around EUR17 million. The deal entitles FHCS to own the global trademark rights for Marigold…
Rubberex quits glove business deal with Alliance Rubber
MALAYSIA-based Rubberex Corporation has recently cancelled a proposed corporate exercise involving the purchase of glove business for RM113mil from Alliance Rubber Products Sdn Bhd. Rubberex announced that the deal involving the acquisition of the glove business and all the production…
Rosneft waxes agreement for SBR venture in Armenia
RUSSIAN oil company , Rosneft, represented by its Chairman, Igor Sechin has met recently with Armenia’s President, Serzh Sargsyan for official discussions on the planned styrene-butadiene rubber (SBR) production joint venture in the country. Meanwhile, Rosneft; Pirelli Tyre Russia, and…
Mesnac and emFrontier to cooperate for IT and automation solutions
CHINESE tyre and machinery supplier, Mesnac recently signed Strategic Cooperation Agreement with emFrontier, a subsidiary of Hankook, in Qingdao for joint cooperation in the fields of IT solution, factory automation and logistics automation. emFrontier, the IT subsidiary of Hankook Tire,…
Sibur ups butyl rubber production in Russian facility
TOLYATTIKAUCHUK, a subsidiary of Russian petrochemicals company, Sibur, has commissioned a third butyl rubber separation line,thus expanding its production capacity from 48 to 53 kilo-tonne per year. The new line is part of an investment project to upgrade the butyl…
South Africa’s Automotive Leather acquisition deal to close by 2014
CANADA-based Exco Technologies Limited announced that it has signed a definitive agreement with Automotive Leather Company Group Limited (ALC), in a cash and stock deal worth US$25 million. Basing on the terms of the definitive agreement, subject to receipt of…
Synthos and Hardwick Standard ties up for SBR, BR sales
EUROPEAN synthetic rubber maker Synthos S.A. has announced a strategic sales alliance with Ohio-based Harwick Standard Distribution Corporation to distribute Synthos styrene-butadiene rubber (SBR) and butadiene rubber (BR) products in the US and Canada. Synthos is Europe’s largest producer of…
Rossini’s new Asian plant to operate in 2014
ROSSINI, an Italian manufacturers of rubber rollers, sleeves and mandrels for flexography and gravure presses, has set up a new manufacturing plant in Pune, which is expected to be operational in 2014. It is the company’s only factory in Asia.…
US sealing and AVS company forms pact with Indian Amee Rubber
MICHIGAN-based Henniges Automotive Holdings, Inc, a supplier of highly engineered sealing and anti-vibration systems (AVS) has formed a strategic alliance with Mumbai-headquartered Amee Rubber Industries Pvt Ltd, a producer of sealing systems and moulded rubber parts for automobiles. The said…