SAUDI Basic Industries Corp (SABIC) and Exxon Mobil are seeking US$1.2 billion funds from banks for the expansion of their petrochemicals joint project in the Kingdom of Saudi Arabia (KSA), according to sources. Allegedly, Al-Jubail Petrochemcial Co (Kemya) will source…
Category: Investments
Rubber compounder SPC takes over Jevsa
RUBBER compounding specialist SPC Europe Ltd has acquired the assets of the Barcelona-based rubber compounder, IACP JEVSA, S.A (Jevsa). According to SPC, it has been negotiating with the Administrator for some months and finally closed the deal on 25 July…
Regupol to expand US facility
REGUPOL America, the inventor of recycled rubber flooring for athletic and commercial surfaces, is expanding its Pennsylvania headquarters. According to the company. its campus at the business park will increase to 26 acres once the new plant is completed in…
Evonik to augment silica capacity in Thai site
EVONIK Industries is expanding precipitated silica capacity at its Maptaphut site in Thailand. Funded by an investment in the lower double-digit million euro range, the expansion is to be completed in the first quarter of 2014. In addition to its…
Ravago to buy Styron EPS unit
STYRON Europe GmbH is selling its Expandable Polystyrene (EPS) business to RP Compounds, a subsidiary of Ravago S.A., for an undisclosed sum. IN an agreement jointly signed by Styron and Ravago, the sale will include the EPS manufacturing facility in…
Da Nang Rubber inaugurates radial truck tyre plant
VIETNAM’s Da Nang Rubber Joint Stock Co has opened a 1.15 million sq ft radial truck tyre plant at Da Nang’s Lien Chieu Industrial Zone, with a yearly nameplate capacity of 600,000 units, and with jobs expected to reach 1,000…
ContiTech preps Slovakian site expansion; opens R&D centre
GERMAN firm ContiTech AG has broken ground on the expansion of its plant in Dolné Vestenice, Slovakia. By building a new production hall, ContiTech Vibration Control, a business unit of ContiTech AG, is enlarging the existing production area by around…
Yokohama starts design for West Point plant
YOKOHAMA Rubber Co. Ltd has chosen US-based Kajima Associates/Architects & Engineers to design the first phase of the 931,000 sq ft West Point tyre plant. The project, assumed to cost US$300 million, will include production, warehousing and operations facilities for…
Sri Lanka grows rubber in new areas
Sri Lanka has expanded rubber cultivation into the non-traditional dryer regions of the island’s Eastern and Northern regions with the crop showing high yields in several pilot projects, according to Gamini Seneviratne, Director, Rubber Research Institute of Sri Lanka, a…
Asia Carbon starts up carbon fibre plant
US traded, China-based Asia Carbon Industries has completed its speciality carbon black production facility. CEO Guoyun Yao commented, “We are very pleased to announce the completion of the construction of speciality carbon black production facility. This represents an important step…