Two start-up companies, Galileo Wheel and SciTech Industries, are seeking support for their new tyre innovations: CupWheel and an airless tyre respectively. According to Avishay Novoplanski, Founder and Chief Technical Officer of Israel-based Galileo, the firm’s CupWheel tyre eliminates some…
Category: Investments
Trelleborg receives go ahead for jv
The European Commission has approved the proposed joint venture between Trelleborg and Freudenberg in anti-vibration solutions for light and heavy vehicles. With the go signal at hand, the two companies will start the last phase of preparations to bring the…
Sibur/Sinopec to produce nitrile rubber
Russian petrochemicals firm Sibur and China-based Sinopec have entered into a joint venture to produce butadiene nitrile rubber in Russia. Sinopec will have a 25.1% stake in the Russian rubber plant, which will have a capacity of up to 56,000…
Lanxess beefs up rubber plant in Belgium
German speciality chemicals company Lanxess has strengthened its butyl rubber plant in Zwijndrecht, Belgium, by having expanded capacity by 10% and building two new pilot plants for R&D for butyl rubber. The biggest share of butyl rubber produced in Zwijndrecht…
Pirelli and Astra Otoparts ink deal for new plant
PIRELLIi & C SpA and automotive components maker, Astra Otoparts Tbk PT have made an agreement to construct a new factory in Indonesia. The factory will be Pirelli’s first in the country for the production of conventional motorcycle tyres. In…
Bayer MaterialScience gets full control of Baule
BAYER MaterialScience will completely acquire Baule SAS from Eximium SAS and other shareholders in the joint venture. Baule SAS specialises in the development, formulation and processing of polyurethane cast elastomers. Based in Romans, France, the company has subsidiaries in the…
Ansell acquires Trelleborg’s protective products business
ANSELL Ltd has agreed to purchase the Trelleborg Protective Products (TPP) business from the Trelleborg Group of Sweden. This acquisition is anticipated to be neutral this year and accretive from 2013 onwards. The purchase price was worth USD32 million. The…
Pirelli acquires 60% of Campneus
PIRELLI has signed an agreement to acquire 60% of the company equity of Campneus, a leading tyre distribution network in Brazil, for EUR22.5 million and subject to adjustment on the basis of the asset situation on the closing date. In…
Belarus-Italy joint venture to be set up at Legmash
ITALIAN company Manuli Rubber Industries and a Belarusian plant Legmash, a part of Belarusian Steel Works, have plans to set up a joint venture. The partnership will focus in the production of high-pressure hoses for mechanical engineering. The capacity of…
Tyre firms expand in China
GERMAN tyre firm Continental has broken ground on a US$215 million expansion of its car tyre plant in Hefei that will double the plant’s capacity by 2015. It will raise production to 16 million units/year of premium tyres – ContiComfortContact…