SPECIALITY chemicals firm Lanxess’s subsidiary Rhein Chemie has officially opened its first Russian production facility in Lipetsk. The company will produce Rhenogran (pre-dispersed, polymer-bound additives) for the rubber processing industry. The product range includes accelerators, sulphur donors, antioxidants, and crosslinking…
Category: Investments
Rubberex buys Alliance Rubber
MALAYSIAN glove maker Rubberex Corporation has bought another glove producing firm based in Penang for RM113 million. Its sub-subsidiary, Rubberex Alliance Sdn Bhd acquired the glove business and the entire nitrile and latex disposable glove production facilities of Alliance Rubber…
Lanxess converts Geleen EPDM site to ACE technology
SPECIALITY chemicals company Lanxess has successfully converted its largest production line for the Keltan-branded EPDM synthetic rubber at Sittard, Geleen, The Netherlands, to the company’s innovative ACE technology. “This is another important step into an even more sustainable future with…
Kenda Rubber bolsters tyre production capacity by 50%
TYRE manufacturer Kenda Rubber Industrial Co is increasing its production capacity for car tyres by up to 50% to meet rising market demand, the company said during an annual shareholders’ meeting. The company expects to hike up its output to…
Titan to buy stake in Russian tyre maker
A CONSORTIUM of the Russian Direct Investment Fund (RDIF), Titan International, one of the world’s largest manufacturers of agricultural and industrial tyres, and One Equity Partners (OEP), a global private equity fund and a subsidiary of JP Morgan Chase, are…
Trelleborg renews tyre tie-up with Agco
SWEDEN-based Trelleborg AB, the parent company of Trelleborg Wheel Systems Americas Inc, has renewed its long-term agreement with Agco Corp for the development and innovation of agricultural tyres. “Following the recognition of Trelleborg as the best EAME (Europe, Africa and…
Lanxess steps up its butyl rubber footprint in Asia
German speciality firm Lanxess has invested over EUR500 million to upgrade its global butyl rubber manufacturing units in Canada and Belgium and build a brand new facility in Singapore, adding around 200,000 tonnes/year of capacity in total. It is expecting…
Simtec Silicone Parts to move headquarters closer to clients
US-based Simtec Silicone Parts is investing US$3.5 million and hiring 40 people for its headquarters relocating from Wisconsin to Florida. Simtec makes liquid silicone rubber (LSR) into components used in industries from autos to health care to consumer products. The…
Michelin in synthetic rubber jv with Petrokimia in Indonesia
FRENCH tyre maker Michelin and Indonesia-based PT Petrokimia Butadiene Indonesia (PBI), a wholly-owned subsidiary of PT Chandra Asri Petrochemical Tbk (CAP), have signed an agreement to create a joint venture company, to produce synthetic rubber in Indonesia. The new company…
Cabot to buy rest of equity in Mexican carbon black jv
US-based speciality chemicals firm Cabot Corporation has entered into an agreement with Grupo Kuo S.A.B. de C.V. (KUOB.MX) to purchase the remaining 60% equity of its Mexican carbon black manufacturing joint venture, NHUMO, S.A.de C.V, for US$105 million, of which…