Rubber Journal Asia Industry News • UK-based Synthomer has sold its Leuna site in Germany to Alberdingk Boley for an undisclosed price. The site will continue to manufacture products for Synthomer for an initial period prior to transferring the manufacture of product to the remaining Synthomer network. • Ford Motor Company will acquire Autonomic, a technology company that specialises in scale, architecture and leverage for transportation industry solutions. Ford will also acquire TransLoc, a provider of demand-response technology for city-owned micro-transit solutions. • Showa Brain Navi Vietnam, a subsidiary of Showa Holdings, will acquire the rubber lining business in Vietnam’s PetroVietnam Coating Joint Stock Company (PVC). • Malaysian fabricator of factory equipment company HLT Global and Suntel International, as well as two other individuals, will purchase a 55% stake in HL Rubber Industries for RM33 million. • US-headquartered Halcyon Agri Corporation Limited, one of the world’s largest natural rubber supply chain managers, has completed its acquisition of the assets of the Polymer Division of RCMA Group for US$31.8 million. • Israel’s Delek Automotive Systems is to buy control of environmental and infrastructure firm Veridis from investment manager Oaktree Capital
Management for US$305 million. Veridis operates in the collection, treatment and recycling of municipal waste and treatment of hazardous materials, desalination and electricity production. • Malaysian glovemaker Kossan Rubber Industries’s new factory, known as Plant 16, will add 3 billion pieces/year of gloves to its production, boosting the group’s capacity to 25 billion pieces/year. • German automotive manufacturing company Continental plans to commission a distribution centre near to the HanoverLangenhagen airport at the end of 2018. Meanwhile, subsidiary ContiTech has built a second rubber mixing line, a new semifinished production facility for air bellows and a production line for hoses destined for heating and cooling applications in cars in Nyiregyhaza, Hungary. It has invested about US$24.5 million at that location over the past 18 months. • US-headquartered Cooper Tire & Rubber Company will open a new 1 million-sq ft warehouse in the US. It will lease the facility, which is currently under construction and is slated to open this year. • Two additional factories of Malaysian company Top Glove are expected to commence operations in May 2018 and December 2018, bringing its production lines to 628 with a capacity of 59.7 billion gloves/year. • Sri Lankan tyre manufacturer GRI Tyre has opened its
speciality tyre manufacturing facility at Badalgama recently with a cost of over US$40 million. The facility produces radial agriculture tyres, which is a first for Sri Lanka. • Netherlands-headquartered synthetic rubber producer Arlanxeo is expanding its global chloroprene rubber (CR) production in Germany to 70,000 tonnes/year, with an upper single-digit million investment. • Japan-based company Yokohama Rubber will be expanding Yokohama Group’s global production capacity for off-highway tyres by adding new facilities at ATC Tires, the Indian tyre manufacturing and sales subsidiary of Alliance Tire Group (ATG), which Yokohama Rubber acquired in 2016. The US$45 million investment will boost the plant’s capacity from 57,000-91,700 tonnes by 2019. • Indian company Apollo Tyres will invest US$276 million in a new manufacturing facility in Andhra Pradesh. It will start rolling out tyres in 24 months. • US-based Trinseo has opened its new pilot plant and solution-styrene-butadiene rubber (S-SBR) capacity expansion at Schkopau, Germany. The production expansion adds additional 50 kilotonnes of S-SBR capacity to the Schkopau site and increases the company’s global S-SBR production by 33%. It is expected to increase the company’s EBITDA by US$100 million in the Latex Binders, Synthetic Rubber, and Performance Plastics segments from 20162019.
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