INDIA-based Phillips Carbon Black (PCB) Ltd, a part of the RP – Sanjiv Goenka Group and Belgium-headquartered Azelis Coatings and Rubber & Plastic Additives, have formed a partnership to distribute carbon black. Carbon black is found in a wide variety…
Category: Investments
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…
Portage Precision Polymers opens silicone compounding plant, HQ in Ohio
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…
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…