Chemical firm Orion S.A., a producer of carbon black, says it has lost approximately US$60 million through “multiple fraudulently induced outbound wire transfers to accounts controlled by unknown third parties.” The company lost the money after an employee was duped…
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USMGC acquires South Carolina-based polyisoprene plant
US Medical Glove Company (USMGC), which is the only American manufacturer of the machines, components, and chemicals necessary to make nitrile and polyisoprene gloves in the US, has announced the acquisition of a domestic polyisoprene chemical facility in South Carolina.…
ZC Rubber breaks ground on third overseas tyre facility in Mexico
China’s ZC Rubber recently officially broke ground on its third overseas manufacturing facility in Saltillo, Mexico. This significant milestone marks a major step forward in the company’s global expansion strategy and commitment to meeting the growing demands of the tyre…
Bridgestone to invest in mining tyre plant in Japan
Japan’s Bridgestone Corporation says that it will invest ¥25 billion to upgrade equipment for certain facilities at the Kitakyushu Plant, which produces tyres for mining and construction vehicles. This upgrade will be completed by the end of 2027. This strategic…
Continental evaluating spin off of automotive unit
Due to the increasingly dynamic markets in the automotive industry, German firm Continental says it has decided, following a strategic review, to conduct a further detailed evaluation on spinning off the Automotive group sector. The aim of having two independent…
Continental increases recycled material content in tyres; rCB from Pyrum
German tyre maker Continental says it has concluded a long-term purchase agreement with Pyrum Innovations, a specialist in the thermolysis technology of end-of-life tyres, for carbon black (rCB) recovered from end-of-life tyres. Continental intends to use rCB in the series…
Nokian Tyres receives EUR150 mn EIB loan for Romanian tyre plant
The European Investment Bank (EIB) is lending Nokian Tyres EUR150 million for the construction in Romania of the world’s first plant for producing passenger car tyres without emitting carbon dioxide (CO2). The credit to Finland-based Nokian Tyres is for a…
Nova Motorsport to invest EUR20 mn in Portuguese tyre factory
UK-based motor tyres firm Nova Motorsport says it is in the final stages of a EUR20 million expansion project at its recently acquired Camac tyre factory in Palmeira, Portugal. The facility will enable Nova Motorsport to resume production of Avon…
Zeon expands technical support for synthetic rubber products in India
Japan’s Zeon Corporation Zeon Corporation has expanded its technical support capabilities for synthetic rubber products in India. Technical support staff will be dispatched to Zeon’s India-based Group company, Zeon India Private Limited to provide timely service for the growing market…
Sailun to invest additional US$200 mn into Vietnamese plant
China’s tyre manufacturer Sailun says it is investing an additional US$200 million into Vietnam, raising its total investment in the country to US$1.7 billion, according to Liu Yanhua, chairwoman of Sailun, as reported on Vietnamnet. Sailun has injected about US$1.5…