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.
Category: Investments
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…
Versalis and Yulex to produce guayule-based biorubber
The partnership will leverage Yulex’s core competencies including crop science and biorubber extraction technologies, to boost Versalis’ bio-based portfolio.
Top Glove to boost annual production to 45.1 billion gloves
Top Glove Corp Bhd aims to increase it total volume of production by ten percent this year via its capacity expansion of 52 production lines by August. Top Glove managing director, K.M.Lee said the ten percent target for this year is is quite substantial for the company.
Royal Tire to take over Midstates Tire
MINNESOTA-based Royal Tire has announced that it will acquire Midstates Tire and Retreading. The acquisition will include a 15,000-sq ft building, an additional 20 workers who will begin working under the Royal Tire group, and the only Bandag commercial tyre…
Biesterfeld acquires Küttner
GERMANY-based Biesterfeld Plastic has acquired all shares of Küttner, thus allowing it to expand its business for thermoplastic elastomers, rubber and rubber chemicals. In 2010, Biesterfeld Plastic purchased the French trading house SMPC, a distributor of rubber and additives, and…
Epic Polymer Systems acquires BC Rubber Supply
CANADIAN custom polymers company , Epic Polymer Systems, has purchased BC Rubber Supply . The merger of the two key manufacturers of engineered elastomers, rubber, and cast polyurethane, servicing Western Canada and the USA, is expected to deliver complementary services…
Singer Equities acquires Summers Rubber stakes
MARYLAND-based Singer equities Inc. has acquired the operating assets of Cleveland, Ohio-based Summers Rubber Company. The latter, which is operating through eight locations in Ohio and Pennsylvania is recognised as one of the premier industrial rubber distributors in the US.…
Rubber Research buys a Minnesota plant
HONG KONG-headquartered Rubber Research, Inc. has purchased a manufacturing plant in Ogilvie, Minnesota, USA. The three-building plant, spanning 2.4 acres was the former home of Hi-Tek Rubber, Inc.’s manufacturing operations. RRI recently signed an agreement to purchase Hi-Tek. The facility…
Bridgestone set for expansions in US plant
A DEMAND rush for off-road mining tyres is boosting the two expansion projects at the Bridgestone Americas Tyre Operations Bloomington-Normal plant. The estimated US$ 47 million project will allow the manufacturing plant on Fort Jesse Road to hire more workers…