Global investment firm Carlyle Group is selling Liberty Tire Recycling to ECP, investor across energy transition and decarbonisation infrastructure assets, including power generation, renewables and storage solutions, sustainability-linked infrastructure, and customer solutions facilitating the energy transition. Liberty has a network…
Category: Investments
AirBoss subsidiary nabs US$576 mn Gov’t contract for high-demand PPE
US’s largest custom rubber compounder AirBoss of America’s wholly-owned subsidiary, AirBoss Defense Group (ADD), was awarded a contract worth up to US$576 million by the US Department for Health and Human Services (HHS) – Office of the Assistant Secretary for Preparedness…
SGX invests in rubber trading platform HeveaConnect
Singapore Exchange (SGX) has taken a minority stake in HaveaConnect (HC), a Singapore-founded digital marketplace for sustainable natural rubber (NR). SGX, which is investing US$1.5 million via its wholly-owned subsidiary Asian Gateway Investments, joins Halcyon Agri Corporation Limited (HAC), ITOCHU Corporation and DBS Bank as shareholders…
India’s PCBL commissions specialty black lines in Gujarat
West Bengal-headquartered Phillips Carbon Black Limited (PCBL) is meeting the growing demand for specialty black products with the commissioning of two specialty black lines in Palej, Gujarat, totalling 32,000 metric tonnes/annum. PCBL, a part of RP-Sanjiv Goenka Group, has a…
Goodyear to acquire Cooper in a US$2.5 bn deal
US-headquartered Goodyear Tire & Rubber Company (GT) is acquiring Cooper Tire, the 5th largest tyre manufacturer in North America, in a transaction estimated at US$2.5 billion. The agreement should strengthen Goodyear’s leading position in the U.S., while significantly expanding its…
Sibur-RIL jv halo butyl plant completed; to roll out 1st batch of products
Russian petrochemical company, Sibur in its Q4/FY 2020 financial and operating report announced that the construction of a halo butyl production facility – a consummation of its joint venture with Indian multinational conglomerate company Reliance Industries Ltd (RIL) – has…
Goodyear Ventures adds autonomous trucking company TuSimple to its portfolio
Ohio-headquartered Goodyear Tyre & Rubber Company, through its venture capital company Goodyear Ventures invests in TuSimple, a global autonomous trucking technology company, to its growing investment portfolio. California-headquartered TuSimple operates self-driving trucks out of their facilities in Arizona, Texas, China,…
Bridgestone India invests in fleet management start-up
Bridgestone India has invested in a tyre management services start-up Fleeca India, which will strengthen its operations in digital mobility solutions. Bridgestone and Fleeca India – which works to increase efficiency of tyre management for fleet owners or operators –…
TVS Srichakra invests US$135mn to two-/three-wheeler capacity expansions
India’s TVS Srichakra Ltd. is planning to expand capacity for two- and three-wheeler and off-the-road (OTR) tyres at its plants in Madurai and Pantnagar, to meet growing demand for its products. The tyre maker is committing US$135 million to the…
Vietnam Rubber to invest in M&As for tyre production
The Vietnam Rubber Group (VRG) is turning to mergers and acquisitions (M&As) to help close the value chain of rubber tyre and tube products. VRG said, in a recent meeting with the Committee for Management of State Capital (CMSC), that…