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…
Category: Investments
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…
Yokohama breaks ground for new Mississippi truck tyre plant
THE NEWLY-formed Yokohama Tire Manufacturing Mississippi (YTMM), which is a manufacturing subsidiary of Yokohama Tire Corporation, officially broke ground on its new commercial truck tyre manufacturing plant in West Point, Mississippi. The said plant, which will be constructed on a…
Giti Tire to setup North America and Europe technical centres
SINGAPORE-based Giti Tire will set up two new Technical Centres, one in North America, which will be based in Akron, Ohio; and one in Germany, Europe. Thi development marks the company’s enhancemnet of ots research & development capabilities, with both…
JK Tyre taps South-East Asia for expansion plans
DELHI-based JK Tyre & Industries readies its expansion in South-East Asia to take advantage of the exponential growth opportunities in the region. According to Dr Raghupati Singhania, CMD of JK Tyres, expanding into the region is to fast track their…
Artel Rubber ups exports
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…
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…