HANKOOK Tire America Corp introduces its new Smart Work AM15 on and off road wide base/all-position tyre for construction fleet. The new tyre, which is available in two sizes; 385/65R22.5 and 425/65R22.5, features a tread design that provides enhanced traction…
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Master Bond’s new silicone meets specs for flame retardancy
FLEXIBLE and high-temperature resistant, MasterSil 156 from sealants, coatings and adhesives maker, Master Bond, passes the rigorous UL 94V-0 tests for flame retardancy. This two-part silicone system is addition cured and does not require exposure to air for complete cross-linking.…
Lanxess to axe 1,000 jobs by 2015; mulling sale of rubber chemicals and NBR
Against the backdrop of weak demand from the automotive industry, Germany-based speciality chemicals firm Lanxess, which is facing what it says is a “temporary weakness in demand for its synthetic rubber”, is aiming to cut costs by EUR100 million per…
Sale of two Cooper Tire plants to India’s Apollo Tyres delayed
An American arbitrator has said that Cooper Tire and Rubber Co. cannot sell two of its factories in the country to India’s Apollo Tyres until a collective bargaining agreement is reached between Apollo and members of the plants’ union. The…
Hankook to build proving R&D tyre centre
South Korean Hankook Tire plans to build a R&D centre in Sangju City with an investment of KRW240 million until 2020 for the construction of a top-tier proving ground. Covering a total area of 132 ha, it will be the…
Coatings firm Barrier buys stake in Aquaseal
BARRIER Group, an industrial coatings firm has bought 49% share in Aquaseal Rubber Ltd to assist the latter in business expansion and widening its market scope. Aquaseal Rubber, a family business run by managing director Jason Armstrong and his father,…
Italmatic and Tesco form JV in US
ITALIAN tyre retreading equipment maker Italmatic Group has formed a joint venture (JV) with Tesco of America Inc., a US automotive and tyre industries firm. The new business entity, which will be headquartered in Oakland Park in Florida, will be…
Hankook opens tyre plant in Indonesia
South Korean tyre company Hankook has officially opened its seventh global plant in Indonesia. Located in Lippo Cikarang, Bekasi, West Java, the company’s newest plant will act as an export base for the US and Middle East markets as well…
Delticom purchases compatriot Tirendo for EUR50 mn
Germany-based online tyre trader Delticom is buying Berlin-based online tyre retailer Tirendo Holding and its subsidiaries for EUR50 million. Delticom says it is acquiring a rapidly growing company with complementary strengths in IT and marketing. For Tirendo, Delticom is an…
New US$240 million facilities in Seoul for Hankook
HANKOOK Tire Co. Ltd. will build a US$240 million tyre proving grounds – the firm’s first, and engineering centre on a 1,420-acre site southeast of Seoul over a seven-year period as part of its strategy to improve its global research…