Italian tyre manufacturer Pirelli will be investing EUR 105 million in Slatina, Romania by 2017 to boost the production capacity.
Category: Investments
Datwyler issues bonds for growth
Switzerland-based Datwyler Holding has issued bonds worth CHF150 to finance the plan of expanding the company’s Technical Components and Sealing Solutions Divisions.
Innospect increases its bid for TPC Group
American speciality chemicals company Innospec Inc. and private equity group Blackstone Group increased their bid from US$40 TO US$45 per share of the TPC Group.
Evonik to add on silica capacity
German-based company Evonik Industries is expecting to increase its silica capacity by 30% by 2014.
Solvay inaugurates silica facility in France
Solvay inaugurates its dispersible silica capacity production expansion in Collonges-au-Mont-d’Or site, France to produce more budget-friendly and fuel-efficient tyres.
Freudenberg keen on Chinese market
German-based company Freudenberg Group is expanding its investment activies on the Chinese market as its sales rose by 10% on Q3.
ContiTech to set up Brazilian hose plant
German company ContiTech will build a hose plant in Brazil on Spring 2013 costing them EUR17 million.
Semperit’s offer to Latexx is fair
Semperit AG Holdings is acquiring Latexx Partners Bhd in a fair price according to AmInvestment Bank.
Sinopec acquires equity in Sibur’s rubber plant
Sinopec will acquire 25% of Russian firm Sibur’s plant in Krasnoyarsk, Siberia which cost the company US$100 million.
Conti introduces driverless braking test facility
Leading German auto and truck parts maker Continent AG has built a driverless brake testing facility to test the tyres and brakes without needing a human test driver.