PORTAGE Precision Polymers (PPP) a US custom rubber and silicone mixing firm, opens its new 17,680-sq ft silicone compound manufacturing facility and corporate headquarters in Mogadore, Ohio. The state-of-the-art facility, with a capacity of 20 million pounds of custom silicone…
Category: Investments
JK Tyre on track for plant expansion in Chennai
INDIA-based JK Tyre & Industries Ltd is set to start an INR10 billion expansion plan at Chennai in the next two to three months and is anticipated to be completed in two phases by 2016 to 2017 Vikram Malhotra, Vice…
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…
TA Instruments acquires German software and automation firm
US-headquartered TA Instruments, a subsidiary of Waters Corporation and a manufacturer of analytical instruments for thermal analysis, rheology, and microcalorimetry, has recently acquired Scarabaeus Mess- und Produktionstechnik GmbH based in Wetzlar, Germany. Scarabaeus is a privately-owned manufacturer of instrumentation and…
Apollo in closing stages of US$2.5 billion take over of Cooper
Indian tyre company Apollo Tyres is set to take over US-based Cooper Tire and Rubber Co, with the shareholders having approved the US$2.5 billion sale, thus moving forward towards the set up of the world’s seventh biggest tyre maker and…
Michelin forms US$435 million partnership for synthetic rubber plant
MICHELIN has inked a partnership deal with a subsidiary of Jakarta-listed PT Chandra Asri Petrochemical to build a US$435 million synthetic rubber plant. In an agreement, the two firms will establish a joint venture, wth Muchelin owning 55% stake, and…
Continental metes EUR40 million for global expansion by 2018
THE TYRE division of Continental AG is allocating an estimated EUR40 million for its global expansion plans at its Korbach (Hesse) site in 2018, and as part of its Vision 2025 strategy. The firm says that the investment will not…
Airboss takes over AVS supplier Flexible Products
AIRBOSS of America Corporation has entered into an agreement to acquire all the shares of Flexible Products Co., a privately-owned US company, which supplies innovative and cost-effective anti-vibration solutions to the North American automotive market. Robert Hagerman, President and CEO…
Bridgestone revamps Bari plant
Bridgestone Europe NV/SA implements the conversion of its passenger car tyre plant in Bari, Italy. The closure of Bari plant, which is fully owned by Bridgestone Italia S.p.A., had been announced in early March. But with the conversion plan, the…
Ansell acquires Korean glove maker
AUSTRALIA-headquartered glove and safety protection products manufacturer Ansell Limited, is fully acquiring Korean industrial gloves company, Midas. The Janggye, South Korean-based privately held company, founded in 1998, has posted current sales of approximately US$30 million yearly. Midas, which manufactures and…