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IISRP elects Gregory Nelson as President
The International Institute of Synthetic Rubber Producers (IISRP) headquartered in Houston, Texas, elected Mr. Gregory Nelson, President and CEO of East West Copolymers, as President International or the year 2015-2016 at the association‘s 56th annual meeting in Cape Town, South Africa. Weiterlesen...
Top Glove is looking to expand via mergers and acquisitions
The world‘s leading rubber glove maker, Malysian Top Glove Corp Bhd in Kuala Lumpur, which expects to post a double-digit growth in net profit this year, is still looking to expand rapidly via mergers and acquisitions (M&As). This reported The Star Online in Kuala Lumpur.Weiterlesen...
Zeon to expand production capacity for TPU Quintac in Japan
Japanese raw materials manufacturer Zeon will expand its annual production capacity at the Mizushima Plant for thermoplastic elastomers (Quintac), used as a main raw material for adhesives, from 42,000 tons to 60,000 tons. The additional production capacity is planned to be completed by May 2016.Weiterlesen...
Solvay launches silica plant construction in South Korea
Belgian chemicals manufacturer Solvay, Brussels, launched the construction of its Highly Dispersible Silica (HDS) production plant in Gunsan, South Korea, to address growing demand in Asia for energy saving tires and to develop innovative HDS grades. The annual capacity will be more than 80,000 tons.Weiterlesen...
Dynasol to become a global player in the synthetic rubber market
Spanish Repsol and and Mexican Grupo Kuo reached an agreement to expand their current joint venture, Dynasol, which will become one of the world‘s top 10 companies in synthetic rubber market. Its estimated revenue will be US$750 million. Dynasol will focus on developing products for the high-performance tire sector.Weiterlesen...
ISRI: New tire fiber study sets benchmark for recycling industry
At its annual Convention and Exposition in Vancouver, the Institute of Scrap Recycling Industries (ISRI) headquartered in Washington, DC, released a study that looks at the viability of markets for tire fiber. The results of the study solidify current knowledge of the market while dictating the need and direction of industry specifications.Weiterlesen...
Goodyear to build $500 million tire factory in Mexico
The Goodyear Tire & Rubber Company will build a new tire factory in San Luis Potosi, Mexico to serve its customers in the Americas. Total capital investment for the project will be approximately US$500 million to US$550 million. Capacity will be about six million consumer tires per year.Weiterlesen...
Idex to aquire Italian sealings maker Novotema
Idex headquartered in Lake forest, USA, entered into an agreement to acquire 100% of the outstanding shares of Novotema, a Italian manufacturer of specialty sealing solutions for use in the building products, gas control, transportation, industrial and water markets. The seller is Ardian, a French private equity firm, for a cash consideration of approximately €57 million.Weiterlesen...
Rosneft and Pirelli partnering with Synthos for synthetic rubber plant
Russian petroleum company Rosneft, Italian tyre manufacturer Pirelli and Synthos, a synthetic rubber producer based in Poland, signed a memorandum of understanding with regard to performing a feasibility study in the area of R&D, production and supply of synthetic rubber in Russia.Weiterlesen...
Apollo Tyres started facility construction in Hungary
Apollo Tyres has started it‘s first European Greenfield plant in Gyöngyöshalász, Hungary, with the foundation stone laying ceremony. The project involves investments of €442 million and is expected to create over 975 now jobs.Weiterlesen...