Finland’s Nokian Tyres has signed a ten-year agreement with the Nordic energy company Gasum to supply renewable wind energy for the electricity used in the Finnish factory and in Vianor operations in Finland. The power will be produced by a new…
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Michelin to decarbonise French tyre plant
French tyre firm Michelin has tied up in a ten-year contract with low-carbon utility company Engie to optimise energy consumption at its tyre factory in Clermont-Ferrand, central France. In addition to utilities management, the ten-year contract provides for the design and operation…
TAIF, Sibur merger finalised; fifth global producer
Russian petrochemical firms Sibur and TAIF have entered into an agreement finalising the creation of a combined entity that will leverage the facilities of PJSC SIBUR Holding. The move follows an announcement in April that the firms had initiated steps to…
Continental to separate ContiTech and tyre businesses
In line with its restructuring, German technology firm Continental says thatits tyres business and ContiTech non-tyre rubber and plastics products sectors will be independent business units, effective 1 January. Meanwhile, it will split its Automotive Technologies branch into five business…
Fenner’s acquisition of conveyor belt maker strengthens offerings
UK’s Fenner Precision Polymers, a Michelin Group Company and supplier ofreinforced polymer technology, has acquired Lumsden Corporation, a manufacturer of industrial conveyor belting and wire cloth for the quarry and mining industry, as well as related solutions for a wide…
Indutrade acquires Czech silicone moulder
Swedish industrial group Indutrade is to acquire all of the shares in Czechsilicone moulder Silroc CZ, which has annual sales of approximately CZK85million. Terms were not disclosed. Silroc is a manufacturing company, designing and producing customised parts and components from…
DL Chemical to acquire Kraton for US$2.5 bn
South Korea’s DL Chemical, a subsidiary of DL Holdings Co (formerly Daelim Industrial Co), will acquire 100% of US-based Kraton Corporation, a producer of specialty polymers and bio-based products derived from pine wood pulping co-products. The all-cash transaction has an…
Malaysia’s Hextar to buy rubber chemical firm Nobel
Malaysian listed agrochemical firm Hextar Global Bhd has executed an RM50 million financing facility from HSBC Amanah Malaysia Bhd to finance its purchase of Nobel Synthetic Polymer Sdn Bhd and Nobel Scientific Sdn Bhd, collectively known as the Nobel Group,…
Trelleborg expands in Russia, Vietnam, Japan, and Morocco
Trelleborg Group is expanding geographically by establishing manufacturing operations in Russia, Vietnam, Japan, and Morocco. These will be the group’s first fully owned production facilities in these countries. The total investment amounts to just under SEK300 million, allocated over five…
Tyrexpo Asia 2021 becomes fully digital
After announcing in August, that Tyrexpo Asia 2021 in Singapore would become a hybrid exhibition, alongside the three day ‘live’ event, Tarsus Southeast Asia, organiser of the show, now say that with high travel restrictions in place, Tyrexpo Asia 2021…