Evonik has expanded its precipitated silica production to Rayong, Thailand. The company said the investment will increase the company’s responsiveness to changing market conditions. With this new plant, Evonik reaches a global capacity of 500,000 metric tons per annum of precipitated, fumed silica, and matting agents. Press release from Evonik
Hankook Tire has been awarded investment aid of euro 57.9 million from The European Commission for the construction of a new tire plant in Racalmas, Fejer County, Hungary. This project will involve a total investment of € 305.5 million. It will be adjacent to the company’s existing plant in Hungary. According to the commission’s investigation,
Rayonier has hired Frank A. Ruperto, the former Managing Director, M&A for Bank of America Merrill Lynch to assist the future growth priorities of the Performance Fibre Business.This includes the high performance rayon fibre business which supplies to the tire industry. Rayonier confirmed the separation of the performance fibres business in a recent announcement. Ruperto
Styron has reported a plunge in revenues for the fourth quarter as well as for the full year of 6% and 3% respectively. However the company has delivered US$ 30 million of incremental EBITDA as a result of the SSBR capacity expansion. Free cash flow reached US$ 109 million for the quarter, which included $9
Sumitomo Chemical Asia Pte Ltd held an opening ceremony on 10 March for its new styrene butadiene rubber (S-SBR) plant in Singapore. The plant has capacity for 40,000 tonnes per year and is located on Jurong Island. Sumitomo said the location is close to the growing Asian market and maintains a constant supply of butadiene.
Darren Wells took over from Arthur de Bok as head of Goodyear’s EMEA (Europe, Middle East and Africa) operations toward the end of last year. Since then some big decisions have been taken. The Amiens dispute has been resolved; a racing tire plant in the UK is to close and Goodyear Corporate has announced plans
Apollo Tyres has re-set its course in the wake of the collapse of the Cooper deal. The primary ambition remains getting into the top-10 global tire makers, but the tactics of how to get there have changed. TIRes head of research, David Shaw spoke to Apollo CEO, Neeraj Kanwar at the Geneva Auto Salon earlier
As always, the Geneva Motor Show 2014 was a great place to meet people. Neeraj Kanwar of Apollo told me that despite some newspaper reports to the contrary, he does not rule out working in China at some stage in the future. In common with Continental, Hankook, Kumho, Goodyear and others, however, he says Apollo
Tire Industry Research has published its first major report. The document, Sustainability in the Tire Industry-2014′ is now available online from the website at sustainabletires.com, or from this link Download the brochure Download the press pack Fill in your details below to be first to know about publication dates and availability. [gravityform id=”2″ name=”Tire
The huge Kemya Elastomers project being built in Jubail, Saudi Arabia is on target to come on stream in mid-2015, according to Abdullah S. Al-Rabeeah, Executive Vice President, Performance Chemicals at SABIC. SABIC is one of the two 50-50 joint venture partners building the project. The other is Exxon Chemical Arabia. That is a wholly-owned
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