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…
Category: Investments
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…
New Kumho tyre plant to rise in Georgia
Kumho Tire Georgia representatives announces that an agreement has been reached that will allow Kumho Tire Georgia Inc. to begin construction of a new tyre manufacturing plant in Macon-Bibb county in the US state of Georgia. The tyre maker will…
Hankook to build its first US facility
SOUTH KOREA’s Hankook Tire is setting up its first US plant, in bid to boost its presence in the country, the firm’s third largest market after China and Europe. The new plant will have an annual production capacity of 5m-10m…
Hankook inks tyre supply deal with Daimler
HANKOOK Tire Co Ltd it has begun supplying tyres to Daimler AG for the new Mercedes-Benz S-Class and E-Class sedans. The South Korean tyre manufacturer says that the contract with the luxury car maker is a big break for the…
Rubber demand up amidst weaker yen, stronger China manufacturing
RUBBER futures in Tokyo extended gains from the biggest monthly advance since December as a weaker Japanese currency and stronger-than-expected Chinese manufacturing data increased demand for the yen-denominated commodity used in tires. Rubber for delivery in February on the Tokyo…
Trelleborg gets largest order for drill riser buoyancy modules
TRELLEBORG Offshore and Construction’s Offshore business has been awarded its largest single order of Drill Riser Buoyancy Modules (DRBM) to date. Mark Angus, President of Trelleborg Offshore in the US, says, “Over the last 15 months, we have invested significantly…