German automotive parts supplier ContiTech’s Changshu centre will develop products for vehicle mounting and vibration control technology in close collaboration with customers such as Geely, Great Wall Motor Company, General Motors, Shanghai Volkswagen and Qoros. ContiTech has invested about EUR8…
Category: Investments
Supermax to capture Latin American and Middle Eastern markets
GLOVE maker Supermax Corp Bhd is expanding its operations into the Latin American and Middle Eastern countries. Supermax’s Executive Chairman and Group Managing Director Datuk Seri Stanley Thai noted that Egypt would be the company’s gateway to the Northern African…
Ford to launch India-made EcoSport for the EU market
Ford Motor is exporting to Europe its EcoSport compact crossover built from the company’s Chennai factory. The vehicle, which will be launched in late 2013, is expected to take hold of a significant European market share for Ford, which is…
Tokai acquires Dytech-Dynamic Fluid Technologies
THROUGH the acquisition, Tokai automotive hoses business can expand its regional coverage mainly in Europe and South America; expanding its global footprints from existing 8-15 countries.
Lanxess shifts to SSBR production in Brazil plant
LANXESS has decided to convert production of emulsion styrene butadiene rubber (ESBR) used in standard tyres to solution styrene butadiene rubber (SSBR) used in high-performance “Green Tyres” at its site in Triunfo in southern Brazil, in lieu of a feasibility…
Indian firm to develop rubber plantations in Ghana
Indian firm Harrisons Malayalam is planning to develop rubber plantations on 4,000-5,000 hectares of land in Ghana on a long-term lease basis. The R.P.-Sanjiv Goenka group-owned tea and plantations company is reportedly investing almost Rs 300 crore , about US$65…
Bridgestone’s Shenyang plant to build a new manufacturing facility
Bridgestone Corporation’s subsidiary in China, Bridgestone (Shenyang) Tire Co., Ltd. (Shenyang Plant), will build a new manufacturing facility as part of its relocation project and is expected to be operational in 2014. The Shenyang Plant, currently located in Shenyang City…
Reliance Sibur builds butyl rubber plant in India
RELIANCE Sibur Elastomers Pvt Ltd, a joint venture between Mumbai-headquartered Reliance Industries Ltd and Russian gas processing and petrochemicals company Sibur has commenced construction of its butyl rubber plant in Jamnagar, which is expected to come on stream by 2015…
Production kicks off at Hankook’s Chongqing plant
Hankook Tire’s plant located in Chongqing Municipality Liangjiang District Yuzui industrial park has been officially put into operation after several months of trial production. The US$954 million-worth plant, covering an area of 796 acres, will be producing tyres for passenger…
Conti’s Greenfield site to be completed by year end
CONTINENTAL Tire the Americas, LLC marks a milestone in the construction of its Greenfield site in Sumter, South Carolina, as the last steel beam of the basic structure was secured in the one million square foot production facility, which Craig…