Chinese companies are investing in Middle Eastern country Azerbaijan – representatives from both sides have signed memorandums of understanding (MoUs) worth US$821 million in total. A notable project will be the construction of a Chinese tyre plant in Azerbaijan’s Sumgayit…
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Hankook Tire to change name to Hankook Technology
Korean Hankook Tire Group will undergo a name change to Hankook Technology Group in the advent of the fourth industrial revolution. The tyre manufacturer’s holding companies and affiliates hopes to together reflect a unified, global brand that will strengthen future…
MOL funds new US$10m rubber-bitumen plant in Hungary
Hungarian energy and chemicals company MOL is set to invest about US$10.3 million in the construction of new rubber-bitumen plant situated in Zalaegerszeg, western Hungary. The new plant is expected to start production next year, with a capacity of 20kilotonnes…
Pyrolyx to add second US rCB plant
The relocation process is underway as German recovered carbon black (rCB) producer Pyrolyx has begun planning of its second US plant in Indiana, on land adjacent to the first plant currently under construction. Its first US tyre pyrolysis unit has…
Black Bear and MMEC partner to promote rCB tech
Dutch tyre upcycling company Black Bear has entered into a strategic partnership with German EPC contractor MMEC Mannesmann (MMEC) to speed up the rollout of the former’s breakout tyre recycling technology. MMEC will perform the detailed engineering, procurement and construction…
Tyrexpo Asia 2019 scores another winning edition
Tyrexpo Asia, the region’s most well-attended tyre B2B platform for automotive players in manufacturing, distribution, wholesale, retreading and fleet operation, celebrated another win in this year’s edition. On its12th edition, Tyrexpo Asia, held from 19th to 21st March 2019 at…
HF Group sells extrusion business to Troester
Tyre equipment manufacturer Harburg-Freudenberger (HF), based in Hamburg, has sold its extrusion division to rubber extrusion machinery-maker Troester that will reportedly absorb all HF’s extrusion employees and will maintain the location in Hamburg, Germany, so as to ensure product continuity.…
Trinseo acquiring Dow’s latex assets in Germany
Plastics, rubber and latex binders solutions provider Trinseo is to acquire US chemical firm Dow Chemical’s latex production facilities and related infrastructure in Rheinmunster, Germany, for EUR40 million, in the form of assumed pension liabilities for transferred employees. The transaction…
Nexen Tire opens new R&D centre in Seoul
South Korean tyre manufacturer Nexen Tire has launched ‘The Nexen UniverCity,’ a building that includes research and business complexes spanning over 57,000-sqm located at the Magok Industrial Complex in western Seoul, South Korea. Nexen invested US$178 million through two years…
Global demand for badminton shoes to exceed US$2 bn in 2019
Global sales of badminton shoes are expected to cap over 53,400 units in 2019, with global demand surpassing US$2 billion, according to Fact. MR’s Badminton Shoes Market research for the period of 2018-2028.The badminton shoes market is estimated to grow…