Tyre maker Goodyear Tire and Rubber Co. is to invest US$125 million and hire 40 new employees at its Topeka plant as part of modernising its Kansas facility, which has been in operation since 1945, according to Kansas state Governor…
Category: Investments
Bridgestone invests further in Brazilian tyre plant
Bridgestone Brazil has announced an additional investment in its tyre production plant in Camaçari, in the state of Bahia, Brazil. Keeping up with the growing market demand for high-performance tyres, the company is investing more than R$270 million in the…
Lion to invest US$22 mn in EPDM expansion in US
Synthetic rubber manufacturer Lion Elastomers has invested US$22 million to construct a new multi-level production building housing two new finishing lines at its manufacturing facility in Ascension Parish. The expansion will increase production capacity at the plant, which supports the…
Hankook Tire to invest US$1.6 bn in US plant expansion
South Korean tyre maker Hankook Tire says that its board of directors has approved a US$1.6 billion investment to expand its Tennessee plant, located in Clarksville, Tenn. The investment includes the previously planned Phase 2 expansion that will double production capacity of Hankook’s passenger car and…
Bridgestone invests US$550 mn in TBR tyre plant expansion in US
Bridgestone Americas has announced a major expansion and modernisation of its Warren County, Tennessee Truck and Bus Radial (TBR) tyre plant located in Morrison. The US$550 million investment will add 380 new jobs and expand the plant’s existing footprint by 850,000 sq ft to support…
Wacker to invest US$200 mn in US expansion/silicone facility
German chemical firm Wacker Chemie AG is preparing to build a new silicone production complex at its Charleston site in the US state of Tennessee. The Munich-based chemical group has already started a feasibility study. In a first step, it…
Continental invests in US$40 mn hydraulic hose facility in Mexico
German technology firm Continental will make a significant investment of over US$40 Million to expand its hydraulic business in North America. A new, state-of-the-art industrial hydraulic hose production facility will be built in San Luis Potosí, Mexico, to increase and…
Arlanxeo debottlenecks German HNBR plant by 10%
Arlanxeo says it is strengthening its position as one of the world’s leading manufacturers of synthetic rubber by investing in its HNBR (hydrogenated nitrile butadiene rubber) plant in Leverkusen, Germany. The investment re-emphasises Arlanxeo’s commitment towards upgrading applications in automotive systems, oil exploration,…
Elkem reports stellar growth in Q1; to pursue investments in China
With 26% of its sales by the silicones division generated from new products launched in past five years, Norwegian silicones provider Elkem is planning a flagship NOK150-million research and innovation centre in Shanghai. Furthermore, the silicones Xinghuo expansion project in China is…
Bridgestone invests in tyre tech firm Tyrata
Bridgestone Americas has taken up a minority investment in tyre sensor and data management company Tyrata. Using an automated and cost-effective drive-over solution that measures tyre tread, Tyrata collects tyre wear data and provides actionable, cloud-based analytics. This strategic investment accelerates…