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…
Category: Investments
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…
Pirelli reinforces network in Brazil
PIRELLI, the Comolatti Group – through the Distributora Automotiva company, owner of the Abouchar tyre sales network – and Campneus have signed a preliminary agreement for the integration of the Abouchar points of sale with the Pirelli Pneuac network. With…
Grand River Rubber acquires division of Icon Polymer
US washers, gaskets and vacuum cleaner belts maker Grand River Rubber & Plastics Co. ts, has acquired the flat belt drive division of a UK firm, Icon Polymer Ltd. Terms of the acquisition have not been disclosed. With the acquisition,…
Toyo Tire to start production expansion in North America
TOYO Tire North America Manufacturing Inc will commence its fourth expansion of production capacity to meet growing tyre demand in the North American market. Toyo’s North American production base for passenger vehicle and light truck tyres has been utilising a…
Neville partners with Versalis to produce hydrocarbon resin
NEVILLE Chemical Company, through its joint venture company Neville Venture, has signed a strategic partnership agreement for the production of hydrocarbon resins at the Versalis Priolo plant in Sicily, Italy. The parties have also entered into a license agreement related…
Problematic Apollo/Cooper deal still on
Indian tyre maker Apollo Tyres has run into problems over its proposed US$2.5 billion acquisition of US tyre maker Cooper Tire. Firstly, in June, prices of the public-listed firm plunged the most in more than two decades in Mumbai trading,…