TITAN International Inc.’s Titan Europe subsidiary, which owns an estimated 37% stake in Wheels of India, is offering to buy out the remaining outstanding non-family-owned shares equal to 14% of the company. Titan’s offer to acquire the fully paid up…
Category: Investments
Pirelli opens second production line in Russia plant
ITALIAN tyre maker Pirelli SpA has launched its second production unit at the Voronezh plant – a joint venture with Russian Technologies. The Voronezh 2, which will run test tyres until March, is expected to roll out 2 million tyres…
SI Group unit in China nearing completion
US-headquartered SI GROUP shall have its second facility in China completed by May. The chemical manufacturers’ new plant, based in the Nanjing Chemical Industry Park is expected to further reinforce the company’s commitment to the Asia Pacific region. Meanwhile, the…
Zeon Chemicals hikes HyTemp capacity
ZEON Chemicals L.P. is expanding the production capacity of HyTemp by 50% at its Louisville, Kentucky, manufacturing facility, to cater to the increasing global demand for acrylic elastomers. The increase is expected to be achieved by July. “The push for…
Trelleborg expands to Europe with new acquisition
TRELLEBORG, through its business area Trelleborg Wheel Systems, has completed acquisition of Dutch firm Industriebanden Beheer’s industrial tyre business. The Ridderkerk-based unit specialises in the distribution and service of industrial tyres, such as those fitted on forklift trucks, and serves…
Goodyear divests farm tyre business
GOODYEAR Tire & Rubber Co. is exiting the farm tyre business in the Europe, Middle East and Africa or EMEA region. The company earlier announced that its Goodyear Dunlop Tires France subsidiary (GDTF) planned to discontinue consumer tyre production at…
Preferred to up its capacity at Mexican plant
MEXICAN rubber compounder Preferred Compounding de Mexico is quadrupling capacity at its custom compounding facility in Central Mexico and plans to add up to 24 employees. The wholly owned subsidiary of Preferred Compounding has installed and is commissioning a Farrel…
Tokai builds up European base through acquisition
JAPANESE firm Tokai Rubber Industries (TRI) is acquiring the entire share capital of Anvis Group, a Germany-based manufacturer of automotive anti-vibration systems (AVS) serving European OEMs on a global basis. The acquisition will allow TRI to further expand its European…
Booming rubber tree business in Philippines
The Department of Trade and Industry (DTI) in Quezon is collaborating with a private group that will invest in a rubber tree plantation within the province. Pablito Budoy of DTI-Quezon said at present, a rubber tree plantation in Gen. Nakar and Real, Quezon can be expanded with the aim of supplying the local and world market with raw materials for car tires, rubber slippers and other items made of rubber.
Michelin to expand its US facility
MICHELIN North America will invest US$200 million to expand its Starr manufacturing plant to increase the company’s output of rubber compound material used to build tyres in the US. The company expects the investment to create more than 100 new…