Despite restrictions brought about by the COVID-19 pandemic, the truck and bus radial (TBR) tyre market is set for a “largely positive growth,” reaching an approximate valuation of US$98 billion by the end of the 2020-2030 forecast period. Market intelligence…
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GRI to supply heavy-duty farm tyres to European OEM
Sri Lankan-based specialty tyre manufacturer Global Rubber Industries (Pvt.) Ltd. (GRI) is to supply agricultural tyres to a well-known Belgian manufacturer of farm machinery, Joskin Col. (Joskin). GRI will be supplying its Green Ex FL700 heavy duty floatation tyre, fitted…
Bridgestone introduces FuelTech Drive retread as part of Bandag MaxTread line
The new MaxTread FuelTech Drive is the latest retread addition to Bridgestone Americas’ existing Bandag MaxTread line; the SmartWay-verified, California Air Resources Board-compliant tyre has been engineered with advanced technology for fleets operating in over-the-road hauling services. The MaxTread FuelTech…
Synthomer to close SBR latex plant in Finland
Chemical conglomerate Synthomer PLC (Synthomer) is set to close down its styrene butadiene rubber (SBR) latex production facility in Oulu, Finland,by the end of the first quarter of 2021. The decision was agreed upon after lengthy consultations with employees at…
Continental takes stake in US LiDAR tech firm
German automotive parts manufacturer Continental has acquired a minority stake in US-based start-up AEye Inc., a developer of vision solutions for autonomous vehicles using light detection and ranging technology (LiDAR). Early on in March, Continental also took up an investment in Munich-based…
Trinseo invests in tyre recycler for sustainable solutions
Materials firm Trinseo has tied up with Switzerland’s Tyre Recycling Solutions (TRS) on a commercial collaboration as well as with an equity investment in TRS. The transaction is expected to close later this quarter, subject to ordinary closing conditions. It did not…
Enviro/Michelin agreement pushed to year-end
Due to the ongoing pandemic, Scandinavian pyrolysis oil firm Enviro Systems and the French tyre manufacturer Michelin assess that a final agreement regarding a strategic partnership is expected to be reached during the fourth quarter 2020 instead of the end of October, which Enviro had previously…
AirBoss acquires defence group from jv partner
AirBoss of America Corp., supplier of custom compounded rubber, survivability solutions and anti-vibration components, has acquired the 45% minority interest in AirBoss Defense Group (ADG) that it does not currently own from Critical Solutions Holdings (CSH). Pursuant to the agreement,…
JK Tyre gets new testing equipment from Europe
JK Tyre & Industries Ltd. (JK Tyre), an undisputed market leader in truck/bus radials in India, has recently set up European tyre testing equipment to develop its own brand of puncture-proof tyres. JK Tyre remains optimistic on this front, as…
Showa to expand nitrile glove capacity in US
It is not just in Malaysia that glove makers are expanding. US nitrile glove maker Showa Group, which is the country’s only nitrile glove maker, is doubling production at its Alabama facility. Work on the US$20 million project includes the…