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…
Category: Investments
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…
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…