Trelleborg acquired ?GS Holding a.s. – a privately-owned company with leading positions in agricultural, industrial and specialty tyres as well as engineered polymer solutions. Trelleborg also acquired ?GS subsidiary Mitas. The acquisition amounts to around SEK 10.9 billion on a…
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Michelin Tyre closes Ballymena factory
Michelin Tyre plc (MTPLC) is restructuring its business by closing its Ballymena tyre factory and investing instead on its Dundee and Stoke-on-Trent sites. MTPLC will close its truck tyre factory in Ballymena due to the downturn in demand for truck…
Tyre company CEOs meet for sustainability research
Chief Executive Officers of leading tyre companies announced the latest results of ongoing international research projects studying the potential environmental and health impacts of tyres in their meeting in Chantilly, France. The CEOs, representing tyre companies in Europe, Japan, Korea…
Longest-serving Goodyear employee retires
Ninety-year old Sidney Richardson was working in the Gadsden’s Goodyear Tire & Rubber Co. for 72 years until he retired last week. Richardson is the longest-serving employee in Goodyear worldwide. His time clock card—No. 0912—is the only remaining card number…
Vietnam and Japan to produce carbon-free rubber
Vietnamese and Japanese researchers developed a technique to produce carbon-free rubber. The technique aims to reduce carbon emissions by replacing fossil-resource originated synthetic rubber with carbon-neutral natural rubber. Using low-protein rubber, the Duy Hang Rubber Company in HCM City has…
IFAD to fund Sri Lanka’s tea and rubber plantations
The International Fund for Agricultural Development (IFAD) entered an agreement with the Sri Lankan government to fund the country’s small tea and rubber plantations through the Smallholder Tea and Rubber Revitalization (STARR) Programme. The STARR Programme will be implemented by…
TrelleborgVibracoustic opens plant in Thailand
TrelleborgVibracoustic inaugurated a new plant in Rayong, Thailand last November 4, 2015. The site produces engine mounts, chassis mounts, and body mounts for local customers such as Ford, GM, Nissan, and Volvo. “With our new production site in Rayong, TrelleborgVibracoustic…
Titan International enters license agreement with Goodyear
Titan International, Inc. (TWI) entered into a licensing agreement with The Goodyear Tire & Rubber Company. The license agreement allows Titan to distribute and sell Goodyear-brand farm tires in Europe, the Middle East, Africa, Russia and other Commonwealth of Independent…
Goodyear will redeem US$1 billion in senior notes
The Goodyear Tire & Rubber Company today announced it will redeem all of its outstanding US$1 billion in principal amount of 8.25% senior notes due 2020 on December 7, 2015. The redemption price will be 104.125% of the principal amount…
Cimcorp unveils Dream Factory solution
Cimcorp announces the expansion of its Dream Factory solution to include the handling of raw materials and compound products. The manufacturer of robotic tire-handling systems said the end-to-end solution included an optimised layout with 50% less floor space than conventional…