UK firm Artel Rubber, a leading silicone hose manufacturers, supplying the automotive, motorsport, rail, truck and bus industries is targeting further international growth after successfully exporting its products to markets including China. The Bidford-upon-Avon manufacturer started on an export drive…
Category: Investments
Wabtec buys rubber products maker Longwood
WABTEC Corp has acquired Longwood Industries, a US manufacturer based in Greensboro, North Carolina (with plants in both US and Europe) specialising in rubber products including diaphragms and seals for transportation and oil and gas markets, and had annual sales…
Coatings firm Barrier buys stake in Aquaseal
BARRIER Group, an industrial coatings firm has bought 49% share in Aquaseal Rubber Ltd to assist the latter in business expansion and widening its market scope. Aquaseal Rubber, a family business run by managing director Jason Armstrong and his father,…
Italmatic and Tesco form JV in US
ITALIAN tyre retreading equipment maker Italmatic Group has formed a joint venture (JV) with Tesco of America Inc., a US automotive and tyre industries firm. The new business entity, which will be headquartered in Oakland Park in Florida, will be…
Delticom purchases compatriot Tirendo for EUR50 mn
Germany-based online tyre trader Delticom is buying Berlin-based online tyre retailer Tirendo Holding and its subsidiaries for EUR50 million. Delticom says it is acquiring a rapidly growing company with complementary strengths in IT and marketing. For Tirendo, Delticom is an…
New US$240 million facilities in Seoul for Hankook
HANKOOK Tire Co. Ltd. will build a US$240 million tyre proving grounds – the firm’s first, and engineering centre on a 1,420-acre site southeast of Seoul over a seven-year period as part of its strategy to improve its global research…
Silicone supplier Rochester Medical inks merger deal with Bard
ROCHESTER Medical Corporation, developer and supplier of silicone urinary incontinence and urine drainage products, has entered into a definitive merger agreement with C. R. Bard, Inc., maker and marketer of vascular, urology, oncology and surgical specialty products. at a price…
Tenneco aims for European plants restructuring
US firm Tenneco Inc. is intending to close its ride performance plant in Gijon, Spain and decomplex its ride performance plant in Sint-Truiden, Belgium as the company continues to address the ongoing weak macroeconomic conditions in Europe. Both plants manufacture…
Rubber World wins insulation supply contract
UAE-based Rubber World Industries (RWI), has won a contract from Arabtec Construction Group to supply rubber insulated building materials. The manufacturer of closed-cell rubber insulation ‘Gulf-O-Flex’, says in a statement, that these materials are to be used in the development…
Cabot and Risun complete new Xingtai carbon black plant
CABOT Corporation and Risun Group announced the completion and commissioning of their new joint venture carbon black manufacturing facility in Xingtai, Hebei Province, China. The partner firms, which broke ground on the new facility in April 2012, invested approximately US$140…