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…
Category: Investments
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…
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,…