UK’s Avon Rubber is to acquire 3M’s ballistic-protection business and the rights to the Ceradyne brand for a sum of US$126 million The deal included an initial cash amount of US$126 million and a further contingent cash consideration of up…
Premium tyre manufacturer Hankook Tire (Hankook) will provide its all-season Kinergy GT tyres to the newly redesigned Ford Explorer for the 2020 year. Hankook’s Kinergy GT tyres feature an optimised lateral groove and “chamfer sipe” arrangement, which provides exceptional grip…
The imposition of the counter-veiling duty (CVD) on tyres from China has led Chinese tyre manufacturers to route their products through Thailand, which subsequently increased imports in the Indian market. According to Rajiv Budhraja, Director General of the Automotive Tyre…
American Goodyear Tire & Rubber (Goodyear) is closely following a plan to restructure its operations to reduce low-value/high-cost capacity in the US and bring about improved business competitiveness, similar to a reorganisation program in Germany that is expected to generate…
Japanese tyre manufacturer Toyo Tires (Toyo) is to build its first European research and development (R&D) centre in Willich, Germany, by the end of the year to strengthen product development, which goes in hand with next-generation mobility. The new centre…
Tyre manufacturer Marangoni is reportedly restarting operations at its automated passenger tyre plant in Rovereto, northern Italy, in preparation of a lease to a yet unconfirmed third-party tyre manufacturer. As minor changes will restore full production within the European facility,…
The Asahi Kasei Corporation (Asahi Kasei) has begun operations from Asahi Kasei Asia Pacific (AKAP), its newly-formed ASEAN regional headquarters, as of August 2019. The Japanese chemical giant currently has 16 entities across five ASEAN countries – including Singapore and…
South Korean tyre manufacturer Nexen Tire (Nexen) is making headway into the European market with the official opening of its new plant in Zatec, Czech Republic, come August 28, 2019. The ceremony will commemorate the next stage of Nexen’s global…
High demand for medical gloves has prompted Japan’s Tosoh Corporation (Tosoh) to increase production capacity for its chloroprene rubber (CR), marketed as Skyprene. Part of chemical manufacturer Tosoh’s Specialty products, its CR is produced at its Nanyo Complex in Yamaguchi…
Singapore-headquartered International Rubber Study Group (IRSG) and the Global Platform for Sustainable Natural Rubber (GPSNR) have signed a memorandum of understanding (MoU) with the aim of consolidating, developing and detailing the cooperation between the two organisations. It will also contribute…