The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by Italy’s Pirelli Tire S.p.A. and the Saudi Arabia’s Public Investment Fund. The US$550 million deal relates primarily to the production and sale of…
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Enviro commences construction of jv partnered plant in Uddevalla
Tyre recycler Enviro Systems recently officially kicked off the construction of its recycling plant in Uddevalla. This plant is its flagship and the first in an extensive European initiative where, together with partner company Antin, it aims to recycle 1…
Continental invests EUR13 mn in Sri Lankan facility; inaugurates automated warehouse in Czechia
Germany’s Continental says it is expanding the global manufacturing footprint of its specialty tyres business area in Sri Lanka. By further enhancing local pre-production capacities, its Kalatura plant in future may produce material handling tyres self-sufficiently. This ensures an optimised…
Trelleborg adds to healthcare sector with LSR acquisition
Sweden’s Trelleborg Group says it is strengthening its position in healthcare & medical by acquiring Baron Group, an Australian-Chinese company in the manufacturing of advanced precision silicone components, for US$300 million on a cash and debt-free basis. The seller may…
Enviro/Antin jv announce investment decision for plant in Sweden
The joint venture between end-of-life-tyre (ELT) recycler Scandinavian Enviro Systems, French tyre maker Michelin and Antin Infrastructure Partners has made the final investment decision regarding the construction of the ELT recycling plant in Uddevalla, Sweden. The joint venture adds it…
China’s ZC Rubber to expand to Indonesia; Mexico (updated)
Chinese tyre manufacturer, headquartered in Hangzhou, Zhongce Rubber Group Co. (ZC Rubber) says it is expanding its global presence with the set-up of a factory in Semarang, Indonesia. The new facility, located in Semarang and covering 500,000 sq m, is…
Evonik expands production of precipitated silica at US site by 50%
Germany-based Evonik, one of the world’s leading silica producers, says it has invested in a plant expansion for precipitated silica at its site in Charleston, US. The new line in South Carolina is satisfying the high demand in particular from the tyre industry in…
Top European tyre makers targeted in EU raids
European Union (EU) antitrust regulators have undertaken unannounced raids on the offices of top European tyre manufacturers: Italy’s Pirelli, Germany-based Continental, France’s Michelin and Finland’s Nokian Tyres, as part of an investigation into a possible cartel deal. The European Commission,…
Pyrum to expand capacity with 2nd plant in Saarland
End-of-life-tyre recycler Pyrum Innovations has this year set up a wholly owned subsidiary Pyrum GreenFactory II to operate the second Pyrum plant in Saarland, as announced last year. It had at that time stated that the plant would be in…
Kumho Tire ties up with Orion for sustainable tyre materials
South Korean tyre maker Kumho Tire has tied up with material supplier Orion to co-develop sustainable tyres and materials. The two companies will commence a research project to develop tyres using renewable feedstocks, such as plant-based oil and other bio-oils,…