Germany’s Continental has announced the sale of its ContiTech Original Equipment Solutions (OESL) business area to US investment firm Regent. The sale is subject to antitrust approval. The parties have agreed not to disclose the purchase price or other details.…
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Nexen introduces simulator to accelerate tyre development
South Korea’s Nexen Tire announced that it has established a driving simulator at its central research institute in Magok, Seoul, and held an opening ceremony to mark its official launch. This is the first time a driving simulator has been introduced…
Ceat to invest US$170 mn in tyre plant in Sri Lanka
Tyre maker Ceat OHT Lanka (Private) Limited has signed an agreement with the Board of Investment of Sri Lanka (BOI) to formalise a US$171 million investment, in a landmark development for Sri Lanka’s manufacturing and export sector. According to the…
Safic-Alcan expands in Asia with acquisition of rubber latex supplier
French speciality chemicals firm Safic-Alcan has acquired Ingredients Plus, a Malaysia-based specialty chemicals distributor with a strong historical presence in personal care, in Malaysia and Singapore. Headquartered in Shah Alam, Selangor, the company promotes ingredients for personal and home care,…
Pyrolysis reactors delivered to Enviro’s tyre recycling plant in Uddevalla
Tyre recycler Scandinavian Enviro says the delivery and installation of the five pyrolysis reactors have now commenced as planned at its tyre recycling plant, based on Enviro’s pyrolysis technology, being built by Enviro outside Uddevalla. The first reactor has arrived,…
Apollo Tyres to open winter and all-season testing facility in Finland
Apollo Tyres is opening a cutting-edge outdoor tyre testing facility at Ivalo, Finland, specifically engineered for winter and all-season tyre evaluation. Being developed under a long-term agreement with UTAC, a globally recognised automotive testing and certification group, the facility will…
Cabot acquires Bridgestone’s Mexican carbon black facility for US$70 mn
Carbon black manufacturer Cabot Corporation announced that it has entered into a definitive agreement to acquire Mexico Carbon Manufacturing S.A. de C.V. (MXCB) from Japanese tyre maker Bridgestone Corporation. The agreement is to acquire MXCB for US$70 million on a debt-free, cash-free basis, subject to…
Elkem awarded NOK33 mn grant for auto/construction sector green products
Silicon-based materials producer Elkem ASA has been awarded NOK32.8 million from Innovation Norway for the development of green products through the recycling of slag and silicon materials. The project aims to materially reduce CO2 emissions and promote a circular economy…
Klean/Viva Energy Australia breakthrough in tyre-to-fuel project
Provider of pyrolysis technologies Klean Industries has announced a major breakthrough for sustainable fuel with Australia’s Viva Energy that has successfully co-processed 10?tonnes of tyre pyrolysis oil produced from Klean’s reference plant alongside conventional crude at its Geelong refinery. This…
GPSNR’s assurance system launched for NR sector
Multi-stakeholder Global Platform for Sustainable Natural Rubber (GPSNR) has officially launched its Assurance System, marking a major step forward in improving transparency, accountability, and environmental and social performance in the natural rubber supply chain, it says. The system was developed through years…