Japanese firm Yokohama Tire Corp. (YTC) has officially opened its new tyre R&D facility – the Yokohama Development Centre America (YDCA) – in Cornelius, North Carolina. The 25,000-sq-ft building in Mecklenburg County, replaces the temporary R&D office Yokohama had utilised…
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Hexpol acquires majority share in Italian compounder
Swedish polymers firm Hexpol has acquired 80% shares in Mesgo Group from the existing main owner Francesco Caldara and co-owners for EUR168 million. Mesgo is an industry leader in high performance elastomers as fluorocarbons and silicone. In addition, Mesgo also…
Cabot acquires Chinese carbon black maker; to spend US$50 mn on facility upgrade
Speciality chemicals company Cabot has acquired NSCC Carbon (Jiangsu) Co. from Nippon Steel Carbon Co., a subsidiary of Nippon Steel Chemical & Material Co. The carbon black manufacturing facility in Pizhou, Jiangsu Province, China, with a capacity of 50,000 tonnes/year,…
China’s General Science opts for Thailand for tyre plant
Chinese tyre maker Jiangsu General Science Technology Co. Ltd. is looking elsewhere for a plant in Southeast Asia and has decided to locate its planned US$300 million tyre plant in Thailand instead of Cambodia. The reason the firm said was that…
Kumho enters Pakistan’s market through tie up with Century
Under a deal touted as the first of its kind in the country, South Korea’s second largest tyre maker Kumho Tire Co has signed a ten-year technology transfer agreement with Pakistan’s Century Engineering, which is essentially involved in producing car…
SNCP distances itself from Iran/France cooperation – updated
France’s association for rubber and polymers Syndicat National du Caoutchouc et des Polymères or SNCP in short has issued a statement to say it is “in no way associated with this cooperation agreement” signed between French rubber & plastics industry…
Chinese firm Sailun to become Cooper Tire’s jv partner
US tyre company Cooper Tire & Rubber Company’s partner in the China-based Qingdao Ge Rui Da Rubber Co. (GRT) truck and bus radial (TBR) tyre production joint venture will change to Sailun Jinyu Group Co. The latter firm has signed…
Nordic companies add Marangoni retreads to their productions
Italian company Marangoni is expanding its operation in the Nordic Countries, in an effort to further strengthening the relationships with two of the major retreaders in the region: Lujakumi Oy and Gummiservice Rade AS. Lujakumi Oy is a growing tyre…
BKT forms off-highway tyre partnership with Australian cricket league
Indian multinational company Balkrishna Industries Ltd. (BKT) is now the first sub-continent group to partner with the Australian cricket league KFC Big Bash League (BBL) as the new off-highway tyre supplier. The company signed a three-year agreement with Cricket Australia,…
Apollo Tyres starts producing own brand tyres in Hungary
India’s Apollo Tyres has started commercial production of its in-house brand truck tyres from its Hungarian facility. The Hungarian unit in Gyongyoshalasz region, is Apollo Tyres’ second production facility in Europes, and sixth worldwide. The production capacity continues to be…