Apollo Tyres still wanted to pursue its joint agreement with Cooper Tyres despite their rift. Cooper previously filed a complaint against the Indian firm for delaying the agreement completion, but the latter denied the charges but instead asked for price…
Category: Investments
Versalis, Lotte form jv for elastomers
VERSALIS, Eni’s chemical subsidiary, and Lotte Chemical, a major petrochemical company in South Korea, have established a 50:50 joint venture known as Lotte Versalis Elastomers. Lotte Chemical CEO, Sooyoung Huh, and Versalis CEO, Daniele Ferrari, made the announcement at the…
Michelin and Chandra Asri form JV
French tyre manufacturer Michelin and Indonesia’s Chandra Asri Petrochemical have agreed to create a joint venture with an investment of US$435 million in a new synthetic rubber plant in Indonesia to supply the local tyre industry and increase export potential.…
ENI subsidiary to quit Hythe plant on dropping demand for replacement tyre
A synthetic rubber company, Polimeri Europa is to close its plant at Hythe with the loss of up to 300 jobs at the start of 2014. The closure is due to weakening demand for replacement car tyres, as well as…
Bridgestone tops radial tyre production output at China plant
Bridgestone Corporation announced that it will increase its production capacity at a radial tyre plant in Wuxi, Jiangsu Province, China by approximately 5,300 tyres a day. One of its subsidiary, Bridgestone (Wuxi) will invest about ¥11.5 billion for its capacity…
Continental debuts tyre plant in Russia
Continental Corporation, announced the official start of the serial production at the new tyre plant in Kaluga. The construction of the plant started in November 2011 and was successfully completed within less than two years time and with that according…
Bridgestone revamping manufacturing operations in China
The Bridgestone Group announced that it will reorganise its manufacturing operations in Huanan, China in a bid to make its polyurethane foam products manufacturing more efficient. The Group relayed that the Buji Plant of Bridgestone Ever Light Hong Kong Co…
Mesnac hatches plan for a new technical centre in Akron
CHINESE producer of equipment for the rubber and tyre industry,Mesnac, is planning to open a research and technical centre in Akron, Ohio. The focus of the Akron facility will be to develop equipment and systems that cater to technical requirements…
Metso divests part of industrial rubber conveyor belt operations
METSO has completed the divestment of certain parts of its industrial rubber conveyor belt manufacturing and related sales and services operations, which comprise 27 locations with around 330 employees previously belonging to the firm’s Mining and Construction segment. The Finland-sited…
New plant coming up for Pakistan’s tyre company
PAKISTAN-based General Tyre (Gentipak), producer of tyres for passenger car, light truck, truck/bus, tractor, rickshaw, and motorcycle, is setting up a manufacturing plant in the northern area of the South Asian country Lt Gen (Retd) Ali Kuli Khan Khattak, Chairman…