German-based Wegmann Automotive has successfully acquired the tyre valve division of Alligator Ventilfabrik (Alligator) and will take over the original equipment manufacturer’s European/North American sales and distributions operations for passenger car and heavy-duty truck tyre valves and components, as well…
The declining demand in the automotive industry has not stopped the growth of India’s tyre after-market, replacement tyres or exports – replacement demand has remained consistent, such that tyre manufacturers can keep production going. According to the Automotive Tyre Manufacturers’…
Indian tyre manufacturer Balkrishna Industries Ltd. (BKT) is to reach full production – at a capacity of nearly 130,000 tonnes – at its Bhuj carbon black (CB) plant by 2021. The plant has a CB production output of 80,000 tonnes…
In a bid to reduce its rubber business, Russia’s oil/gas firm Sibur is to sell to Russian oil company Tatneft its Togliatti-based petrochemical facilities. The assets include production facilities for various types of synthetic rubber used by Russian and global…
Hanover-based technology firm Continental is considering the possibility of a spin-off of the Powertrain division (future name: Vitesco Technologies) and subsequent stock exchange listing. This review will be conducted in parallel with the company’s ongoing preparations for a potential partial…
Scandinavian tyre recycling company Enviro Systems has decided to immediately set up a holding company in the US to facilitate Enviro’s establishment of co-owned recycling plants on the US market. “Our new strategy means that Enviro wants to become part-owner…
German firm Evonik says it is to install a new advanced high-efficiency gas and steam turbine power plant at Marl Chemical Park. The specialty chemicals group is thus, after more than 80 years, ending hard-coal based power and steam generation…
American Goodyear Tire & Rubber Co. (Goodyear) is to use rice husk ash (RHA) silica as a bio-alternative to traditional sand-based silica in the manufacture of their tyres. Goodyear first started production of rice-silica tyres using silica provided by Yihai…
Poor global rubber prices,due to the US-China trade war, and a declining demand from Indian tyre manufacturers have driven down the value of natural rubber (NR) in India, with a further drop expected in the coming weeks. According to Indian…
German carbon black company Pyrolyx will delist in Germany by end-March 2020 and consolidate all share trading to the Australian Stock Exchange (ASX), since a majority of Pyrolyx’s shareholders are Australian. However, the corporate structure of the company will not…