AXA Private Equity has bought a 82.4% stake in Italian rubber component manufacturer Novotema from private equity firm 3i Group that bought Novotema in 2003 for EUR24 million. As part of the transaction, Novotema’s management team acquired the 17.6% of…
Category: Investments
Bridgestone constructing Vietnamese plant
The facility, the biggest foreign investment in HaiPhong, is being built on a 1.02 million sq m lot
Trelleborg opens new agricultural tyre plant in China
Trelleborg Group inaugurated its new agricultural tyre factory in China. Located in Xingtai, Hebei province, the plant will manufacture radial and cross-ply tyres for farming, forestry and agro-industrial applications. It will serve the needs of the company’s partners by providing…
Apollo inaugurates training centre
Apollo Tyres inaugurated its first formal training centre for Heavy and Light Commercial Vehicles (CV) drivers. The training centre is located in the busy transportation hub of Ujjain City, in the central Indian state of Madhya Pradesh. In partnership with…
Bridgestone to add capacity in Polish truck tyre plant
The expansion is expected to be complete during the second half of 2014
BASF to build butadiene extraction plant in Antwerp
In light of the increasingly tight supplies of butadiene on global markets, the new plant will secure BASF’s supply at a competitive cost
Asia Carbon constructs new power plant
Utilising residual heat generated from the company’s carbon black manufacturing process, the plant’s 3000 KW capacity will satisfy the company’s electricity needs for the foreseeable future
Bridgestone constructs tyre plant in Vietnam
Construction of the Bridgestone Vietnam tyre plant started 2 July in the Dinh Vu Industrial Zone in northern Hai Phong, Vietnam. The US$575 million project, the biggest foreign investment so far in Hai Phong is being built on a 1.02…
Pirelli opens new factory in Silao, Mexico
The new plant in Silao is in line with Pirelli’s strategic focus on the Premium segment, in which the group aims to achieve world leadership in 2015
Interface Solutions acquires plate business from Freudenberg-NOK
The acquisition directly enhances the company’s transmission product portfolio and advance its leading position as a global, vertically integrated sealing solutions provider