JAPAN-headquartered Toyo Tire & Rubber Co. , a supplier Toyota Motor , is planning to expand its US production. The move is said to be part of its plan to channel more investments on products that can give more profits,…
Category: Investments
Tokai completes buy-out of Produflex
JAPANESE firm Tokai Rubber Industries (TRI), Ltd has completed the purchase of all the outstanding quotas of Brazil-based Produflex Minas Indústria de Borrachas Ltda. This is the second acquisition of automotive anti-vibration rubber manufacturers by TRI after the acquisition of…
FELDA starts NR processing plant in Myanmar
AGRICULTURAL and agri-commodities company, Felda Global Ventures Holdings Bhd (FGV) is expecting to start operations at its natural rubber (NR) processing plant in Myanmar this year. A memorandum of understanding (MoU) signed between FGV and Myanmar’s Pho La Min Trading…
ContiTech takes over Legg
CONTITECH Conveyor Belt Group acquires Kansas-based conveyor belt manufacturer Legg Company Inc., as part of its expansion move in the North America. Legg focuses production of conveyor belts for industrial applications , such as in cement plants, paper mills, and…
BASF upgrades phenolic resin facility in Verbund
SPECIALITY chemicals firm BASF is increasing by 50% its production capacity of Kerosin, a branded phenolic resin used as a tackifier for tyre manufacturing, at Ludwigshafen, Verbund in Germany. The company has been producing Koresin from acetylene and t-butylphenol at…
Rhein Chemie opens rubber additive facility in Russia
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…
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…