Category: Investments

Toyo opens Malaysia factory, to supply tyres to Saudi

TOYO Tire & Rubber Company has recently opened its new tyre factory in Malaysia. The new facility will also utilise Toyo Tires’s proprietary tyre production system, A.T.O.M., and is expected to produce about 2.5 million tyres annually by end of…

Expanko now part of RPM Performance Coatings Group

RPM International’s Performance Coatings Group (PCG) has acquired Expanko, a US producer of terrazzo tile (under the FritzTile brand), cork, rubber and rubber/cork floor tiles. The Philadelphia-headquartered Expanko, with factory in Mesquite, Texas, has annual sales of more than US$12…

Biesterfeld Spezialchemie subsidiary buys SMPC Production

BIESTERFIELD Specialties Sarl France, the French subsidiary of Biesterfeld Spezialchemie GmbH, has acquired SMPC Production company located in Saint-Ouen Alms. The acquisition has taken effect from April 1, 2013. Under the terms, the name and address of SMPC production remain…

Indonesian petrochem firm to expand naptha facility

INDONESIA’s largest petrochemical producer, Chandra Asri Petrochemical, is investing US$380 million for its planned expansion its naphtha cracker facility in Banten as part of its efforts to improve sales in Indonesia and the Southeast Asia region. Chandra Asri Vice President…