Rubber trees take six to seven years to mature before they can be tapped, a process which involves making incisions in the tree’s bark to allow its milky sap to collect in a cup attached to the trunk “We’re not…
FinTyre gets green light from EC to purchase Reifen
Italy-based European FinTyre Distribution Limited (EfTD), one of the largest Pan European tyre distributors, has been given the green light by the European Commission (EC) to acquire privately held Reifen Krieg Group, a leading full-range tyre wholesaler in Germany, a deal…
Sumitomo starts up South African plant for truck/bus tyres
Sumitomo Rubber Industries (SRI) says that the group’s South African factory in Ladysmith has started producing tyres for trucks and buses, with an aimed capacity by 2020 of 750 tyres/day. With the aim of ensuring a stable supply of truck…
Magna Tyres Group expanding OTR tyre production at the Hardenberg (NL) plant
As an industry leader, and currently the fastest growing OTR company in the world, Magna Tyres Group is committed to delivering the premium quality and guaranteeing the product availability demanded by its ever-growing customer base. Earlier this year Magna Tyres…
KCC considering purchase of Momentive
A consortium led by South Korean construction materials maker KCC Corporation is looking at acquiring Momentive Performance Materials, a US-based silicone manufacturer, in a deal that could be valued at US$1.8 billion, according to a report in a local South…
Continental buys Australian tyre service firm
Germany’s Continental is to purchase Australia’s Kmart Tyre and Auto Service (KTAS) from its current owner, Wesfarmers Limited, for A$350 million. KTAS has around 258 outlets employing more than 1,200 staff in the country. The core business of KTAS comprises…
Marangoni launches India’s first Ringtread franchisee in Cochin
Italy’s tyre maker Marangoni’s joint venture company in India for commercial vehicle retreading, Marangoni GRP Private Limited (MGPL), has launched its first full service Ringread franchisee in India at Cochin, Kerala – Autobahn Retreading – part of Autobahn Trucking Corporation…
Yokohama terminates technology tie-up with Kumho Tires
Japan’s Yokohama Rubber says that it has terminated its four-year old technology tie-up with Kumho Tire Co., effective July, after China’s Qingdao Doublestar bought a 45% stake in Kumho this year, becoming its largest shareholder. Yokohama Rubber and Kumho Tire…
Vibracoustic invests EUR4 mn in expansion of Polish plant
Vibracoustic, a provider of vibration control solutions for the automotive industry, is expanding its Polish plant Sroda Slaska I with an investment of around EUR4 million. With this, the company says it seeks to expand its leading market position and…
Bridgestone investing EUR160 mn in Polish tyre plant
Bridgestone, the world’s largest tyre manufacturer, plans to invest around EUR 164.24 million in its plant in Pozna?, Western Poland, by 2022, to boost its capacity by 30%, the company said recently. The planned investments include the purchase of modern…








