South Korean tyre maker Hankook Tire says that its board of directors has approved a US$1.6 billion investment to expand its Tennessee plant, located in Clarksville, Tenn. The investment includes the previously planned Phase 2 expansion that will double production capacity of Hankook’s passenger car and…
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Birla Carbon selects Aspen software for nine sites
Software firm Aspen Technology says that carbon black supplier Birla Carbon is scaling its deployment of AspenTech’s software across nine sites globally. Birla Carbon operations extend across 12 countries, on five continents, with 16 manufacturing facilities, for a combined capacity of…
Auto parts in Mercedes to use ELT-pyrolysis oil from Pyrum/BASF
End-of-life tyres (ELT) recycler Pyrum Innovations is closing material cycles together with German materials firm BASF SE and auto maker Mercedes-Benz, in line with Mercedes’s target to increase the share of recycled materials in its passenger car fleet to an average…
Bridgestone invests US$550 mn in TBR tyre plant expansion in US
Bridgestone Americas has announced a major expansion and modernisation of its Warren County, Tennessee Truck and Bus Radial (TBR) tyre plant located in Morrison. The US$550 million investment will add 380 new jobs and expand the plant’s existing footprint by 850,000 sq ft to support…
Reclaimed rubber market growth at US$3 bn by 2032; Asia to dominate
The global reclaimed rubber market is set to witness an impressive growth rate of 10.9% over the forecasted years and anticipated to reach a valuation of around US$3.25 billion by the end of year 2032 from the current valuation of…
Continental optimistic for second half of year; expects EUR40 bn sales
Despite the turbulent market environment, German technology firm Continental paints a better picture of the second half of the year and is maintaining its outlook for the current fiscal year. As expected, the ongoing turbulent market environment had a noticeable impact…
Yokohama Rubber starts up third tyre plant in India
In view of the growing sales of its off-highway tyres (OHT), Yokohama Rubber Co. has started up production at its Visakhapatnam plant in India, built to expand the production capacity of tyres used on agricultural and other equipment. The new…
Azelis strengthens presence in Turkey with acquisition of rubber additives provider
Speciality chemicals firm Azelis says that it has signed an agreement to acquire 100% of the shares of Dagalti Kauçuk San. (Dagalti), a specialty chemicals distributor active in the Turkish rubber and plastics additives (R&PA) market. The acquisition of Dagalti…
Michelin and Formula E part ways after eight years
A founding partner of the world’s first all-electric single-seater racing series and an investor in the ambitious project from the outset in 2013, French tyre maker Michelin says it is poised to withdraw from the ABB FIA Formula E World…
Bridgestone to invest US$26 mn in SEA rubber plantations
Japan’s Bridgestone Corporation says that it has approved plans to strengthen investments in natural rubber plantations it owns in Southeast Asia, by pumping in US$26.7 million by 2030, to enhance productivity of the plantations. It adds it will double harvest…