German technology firm Continental AG plans to sell some of its automotive operations, including parts of powertrain arm Vitesco Technologies and rubber unit Contitech, CEO Elmar Degenhart told German daily Frankfurter Allgemeine Zeitung. Degenhart was quoted as saying Continental’s management was…
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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…
UK start-up uses graphene to enhance performance of recycled tyre rubber
In conjunction with the Graphene Engineering Innovation Centre’s (GEIC) Bridging the Gap programme at The University of Manchester, a local company has developed a flooring product that uses graphene to improve the properties and performance of recycled tyre rubber. The…
Top Glove to refund close to US$40 mn to foreign workers
Top Glove Corp. Bhd. (Top Glove) will reportedly pay its workers from Nepal and Bangladesh retribution to cover fees paid to recruitment agencies. Top Glove, the world’s largest glove manufacturer, recently distributed letters to employees stating it will pay workers…
Malaysia’s FGV appoints rep for expansion into Europe/US
FGV Rubber Industries Sdn Bhd (FGVRISB) part of FGV Holdings Berhad, a Malaysia based agri business, has appointed UK-based Rubber Heart Ltd as its European and North American representative to market its range of natural rubber products in these regions.…
New Energy signs agreement to supply pyrolysis oil to BASF
Chemicals company BASF has signed an agreement with technology-based New Energy to use the latter’s pyrolysis oil – from waste tyres – used as feedstock at BASF’s integrated chemical production site in Ludwigshafen, Germany. The recent agreement will see New…
GRI to build capacity with new tyre mixing plant in Sri Lanka
Specialty tyre manufacturer GRI Tires (GRI) is currently constructing a new mixing plant at the Mirigama Export Processing Zone (MEPZ), Sri Lanka, to boost capacity of tyre production and facilitate further expansion in line with increasing demand. The mixing plant…
Semperit delays sale of gloves unit due to higher earnings
Given the boost in the gloves market due to Covid-19, Austrian public listed firm Semperit AG Holding says it will continue to run its medical division for another nine months, “in view of the extremely positive earnings contributions that the…
Pyrolyx delists from Australian/German stock markets
Due to the closure of its facilities in the US and Germany, against the backdrop of tighter market conditions, German tyre pyrolysis company Pyrolyx has delisted from the Australian Securities Exchange (ASX) and the Dusseldorf and Frankfurt stock markets in Germany. Pyrolyx had in May 2020 confirmed…
Birla Carbon invests in US nano-materials firm Chasm
Indian carbon black supplier Birla Carbon says it has progressed from a joint development agreement to a strategic investment in US Chasm Advanced Materials Inc., a manufacturer of nanoscale materials, to commercialise nanomaterials to benefit various market segments including high-performance tyres, conductive plastics, novel…