With 26% of its sales by the silicones division generated from new products launched in past five years, Norwegian silicones provider Elkem is planning a flagship NOK150-million research and innovation centre in Shanghai. Furthermore, the silicones Xinghuo expansion project in China is…
Category: Investments
Bridgestone invests in tyre tech firm Tyrata
Bridgestone Americas has taken up a minority investment in tyre sensor and data management company Tyrata. Using an automated and cost-effective drive-over solution that measures tyre tread, Tyrata collects tyre wear data and provides actionable, cloud-based analytics. This strategic investment accelerates…
Elkem receives financial support from France for silicones production
Norwegian silicones maker Elkem has emerged as one of the winners of the “Resilience” scheme of the “France Relance” plan by the French government, providing financial support as the company accelerates its investments in specialty silicones production in Saint-Fons in…
Continental to invest EUR25 mn in Brazilian conveyor belt unit
Technology firm Continental plans to significantly expand its capacities in Brazil with an investment of EUR25 million. It adds that the additional capacity will allow it to meet the growing need for high strength belts – with a strength higher…
Shin-Etsu to invest US$700 mn in silicone output in Japan
Japanese firm Shin-Etsu Chemical Co. will implement over US$700 million in facility investments for its silicones business, one of its main businesses, with the aim of further expanding and strengthening this business. As a result of the announcement in September 2018…
Bridgestone invests US$70 mn in capacity expansion at tyre plants in Japan
Japan’s tyre maker Bridgestone Corp. is expanding its production capacity for premium passenger car tyres at four of its manufacturing facilities in Japan, at its Tochigi, Hikone, Hofu, and Tosu plants. Construction will start in the first quarter of 2022.…
Supermax building US$350 mn-glove facility in US
Malaysia-based glove maker Supermax Corporation intends to pump USUS$350 million into building the first phase of its first glove manufacturing facility in Texas, US, through its US-based subsidiary Maxter Healthcare. It will invest a total of US$550 million into all…
Hankook invests in 3D spatial firm Mobiltech
Hankook & Company Co., Ltd., the holding company of Hankook Tire & Technology Co has established a fund with an aim to secure a new growth engine in the future. The first investment is Mobiltech, an Artificial Intelligent (AI)-based spatial…
Trelleborg to repurchase own shares
Swedish firm Trelleborg has presented new financial targets and proposes a programme for the repurchase of its own shares. It says that “the conditions are better than ever, both operationally, and thanks to trends such as increased electrification, digitisation, and…
Bridgestone consolidates its manufacturing footprints of bus, truck radial tyres in China
Bridgestone is considering restructuring its global manufacturing footprint – the group’s core business , and which includes tyre, diversified product, and material manufacturing sites, over the mid-long medium term to secure its earning power, and is looking to strengthen its…