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…
Category: Investments
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.
Sinopec secures stakes in Sibur
CHINA-based Sinopec is acquiring a 25% stake in Russian petrochemicals company Sibur’s nitrile rubber plant in the Siberian city of Krasnoyarsk, for US$100 million. The plant has a capacity of 42,500 tonnes, but the two companies plan to increase it…
Tokai acquires Anvis’s AVS shares
JAPANESE company Tokai Rubber Industries (TRI) is acquiring the entire shares of Germany-based Anvis Group, a manufacturer of automotive anti-vibration systems from HIG Luxembourg Holdings Eleven (90%) and Hahn (10%). Financial details were not disclosed. Anvis is a successor company…
Yokohama to double Thailand capacity for radial tyres with second plant
YOKOHAMA Rubber Co. Ltd. is constructing a second plant in Thailand to double capacity for radial truck tyres in the country by late 2015. The second plant will be built adjacent to its existing factory in Rayong Province, which started…
Lanxess inaugurates Netherlands headquarters for EPDM rubber
GERMAN specialty chemicals company Lanxess, led by Werner Breuers, the member of the Board of Management of Lanxess AG, and Günther Weymans, head of the Lanxess Keltan Elastomers business unit, has inaugurated the new headquarters of its Keltan Elastomers business…