AUSTRIAN firm Semperit Group reported to have achieved significant revenue and earnings growth in the first quarter 2013, which the company says is its strongest ever. Amidst a tight market, its revenue increased by 6.6% from EUR 201.8 million in…
Category: Investments
Evonik to set up new silica plant in Brazil
GERMANY-based Evonik Industries has started basic engineering for a precipitated silica production plant in Brazil. The project, which is subject to the approval of the responsible bodies, is targeted for completion in 2015 to market precipitated silica in the South…
Venture capitalist buys Industrial Latex Compounds
Amin Amiri of a2e Venture Catalysts has acquired a majority controlling stake in UK-based Industrial Latex Compounds (ILC) that has a turnover of circa £16 million. ILC, originally part of Dow Chemical, is a “veteran” of the latex industry, boasting…
Kenda produces prototype tyre from new plant in China
KENDA Rubber Industrial Co. Ltd. has produced its first prototype tyre from its new factory in Tainjin, China. The company’s second automotive factory within the last five years, will be producing tyres for the European, African and Asian markets. Kenda’s…
Bridgestone posts 9% increase in sales for Q1 2013
Bridgestone Corporation has reported net sales of 794.5 billion yen in the first fiscal quarter of 2013, an increase of 9% from the first fiscal quarter of 2012 . Operating income also increased 18% from 74.4 billion yen, Ordinary income…
Toyo Tires completes US$260 million plant in Malaysia
TOYO Tire & Rubber Co. Ltd. has completed its US$260 million passenger and light truck tyre plant in Malaysia, with production expected to hit or exceed 200,000 tyres a month before the end of the year. A ceremony hosted by…
Apollo Tyres opens operations hub in Thailand
APOLLO Tyres has set up its second exports hub in Thailand to cater to the ASEAN region, which contributes 40% to the company’s overseas income, doubling in the last three years, according to the firm. Recently, the Indian tyre maker…
Bridgestone lays foundation stone for new Thai OTR plant
Bridgestone Corporation held a foundation stone laying ceremony on April 29 for their future plant site in Thailand. The new site will produce off-the-road radial (ORRs) tyres for vehicles used in mines, quarries, harbors and construction sites around the world.…
Avon Rubber procures VR Technology
UK-headquartered Avon Rubber p.l.c., a manufacturer of advanced Chemical, Biological, Radiological and Nuclear respiratory protection products, has acquired the business and assets of VR Technology, a market leader in diving rebreather systems and dive computers. Likewise, Avon has acquired a…
TrelleborgVibracoustic doubles production capacity at Chinese plant
AUTOMOTIVE anti-vibration solutions supplier TrelleborgVibracoustic (TBVC) is doubling production capacity at its Chinese facility in Yantai. TBVC supplies air springs and suspension components for the commercial vehicle market; passenger car bushings and torsional vibration dampers.