TRELLEBORG recently hosted an opening ceremony for the 4,150 sq m extension to its in Skelmersdale, England manufacturing facility that produces polymer and syntactic foam-based solutions for the offshore oil and gas industry. Trelleborg says it expects to increase its…
Category: Investments
Continental bolsters Czech tyre plant
TYRE maker Continental plans to expand its truck and bus tyre production facilities in Otrokovice, Czech Republic with an investment of EUR165 million. “The expansion of our truck and bus tyre manufacturing footprint in Otrokovice is a strategic step focusing…
QP, Zeon and Mitsui venturing on butadiene extraction
QATAR Petroleum (QP) and Zeon Corporation and Mitsui & Company, signed a memorandum of understanding (MoU) for the development of an integrated butadiene extraction and elastomer complex in Ras Laffan. MoU signing, which took place in Doha, was led by…
Pirelli, Rosneft and Rostec collaborate for R&D on tyre materials
RUSSIAN firms, Rosneft and Rostec (Russian Technologies), and Italian firm Pirelli signed a Memorandum of Understanding (MOU) for a joint R&D on materials to be used in the manufacturing of tyres. The signatory companies were represented by Igor Sechin, President…
World’s 9th largest tyre maker to build new plant in Indonesia
TAIWAN’s Cheng Shin Rubber Industry Co, the world’s ninth largest tyre firm is setting up a factory on a 27-hectare site in Indonesia, and in so doing is reported to be increasing its investment from US$80.1 million to US$320 million,…
Sumitomo Rubber assumes Apollo SA tyre business
APOLLO Tyres has sold its South African tyre business, the Dunlop brand rights and Ladysmith passenger car tyre plant to Japan’s Sumitomo Rubber Industries for US$60 million. Apollo, meanwhile maintains its Durban plan for the newly-formed company, Apollo Durban. With…
Construction of MOL, JSR synthetic rubber jv plant in Hungary begins
BUDAPEST-headquartered MOL, an oil and gas company, has formed a joint venture with the Japanese JSR Corporation to produce 60,000 tonnes of synthetic rubber (S-SBR) in Tiszaújváros from 2017. SSB-R is one of the most innovative raw materials for safe…
Global Bioenergies to set up second isobutene pilot plant in Germany
LEIPSIG-based Global Bioenergies is constructing its second industrial pilot on the site of the Leuna refinery in Germany. With grant of EUR5.7 million from the German Federal Ministry of Education and Research (BMBF), and including a three year study at…
JK Tyre boosting capacity at India, Mexico facilities
JK TYRE & Industries is investing some Rs1,430 crore to increase radial tyres capacity at its Chennai plant. It says that an additional eight lakh tyre per year capacity for truck and bus radial tyres and 20 lakh tyre per…
Acquisition of equity stake in Mexico’s Nhumo completed-Cabot
CABOT Corporation has completed its acquisition of the equity stake owned by Grupo Kuo SAB de CV. in its Mexican carbon black manufacturing joint venture, Nhumo, S.A. de CV. The Nhumo business will be integrated into the company’s Reinforcement Materials…