INDIA-based TVS Automobile Solutions, a part of TVS & Sons and US-based Myers Tire Supply International have formed a partnership to mutually promote their products in the various markets across Asia. The new company, Myers Tyre Supply India Limited, Inc.…
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Michelin commits US$1 billion in capital investment in France
RENCH tyre specialist Groupe Michelin has pledged a US$1.06 billion capital investment amidst its moves of plants closing in Columbia and Algeria by end of the year, with the latter being planned to sell to Groupe Cevital, an Algerian private…
Apollo to acquire Cooper Tire in US$2.5 billion deal
INDIAN firm Apollo Tyres will acquire a 100% stake in US-based tyre maker Cooper Tire & Rubber Company for US$2.5 billion (R14,500 crore). The former will fund the acquisition fully by raising $2.5 billion of new debt. The deal will…
Precision Polymer Engineering debuts new US test plant
US rubber seals maker Precision Polymer Engineering (PPE) has opened its new test and customer support plant in Houston, Texas. Established in 1974, the firm specialises in rubber seals for the pharmaceutical, oil and gas industry, mainly in the USA,…
Goodyear launches Storm Priority service for trucks
THE GOODYEAR Tire & Rubber Company has launched a new service, the Goodyear Storm Priority, to help keep utility trucks up and running as crews work to restore power during and after severe weather incidents. The service is said to…
University develops new bleaching agent for rubber industry
A NEW product has been developed from basic raw materials by undergraduate students from the University of Peradeniya in Sri Lanka. The students developed a latex bleaching product for sole crepe and crepe manufacturing in the rubber industry from the…
Malaysian State smallholders to benefit from rubber board’s measures
THE SABAH Rubber Industry Board will be increasing the rubber hectarage of smallholders from the current 94,000 hectares to 130,000 hectares by 2020. Agriculture and Food Industry Minister Datuk Yahya Hussin also said in a statement that the board will…
Upcycled rubber tyres turned into gizmo sleeves
US-based designer Benjamin Weinstein has launched its company, renewpurpose, offering stylish cases and bags from discarded rubber tyre inner tubes. Weinstein commented in an interview that the toughness of rubber tyres, if crafted properly, can be made into excellent protective…
Tokai Rubber Industries acquires Anvis
GERMANY-headquartered Anvis, maker of highly engineered anti-vibration products for automobile applications will be taken over by Tokai Rubber Industries after the latter has completed the sales with H.I.G. Europe, the European arm of global private-equity company H.I.G. Capital. In 2010,…
Titan to invest in Russia
OFF-road tyre specialist Titan International Inc., is currently on talks with Russian tyre maker JSC Cordiant on a potential investment in Russia. In a recent statement, Titan has confirmed interest on said investment plans, saying that mining and farming growth…