Michelin has announced its acquisition of Lehigh Technologies, a US-based company that has developed a patented cryogenic turbo mill technology for transforming rubber from end-of-life tyres and industrial goods into materials for new tyres and other products. The acquisition was completed on 13 October.
In the eight years since US-based green materials manufacturer Lehigh Technologies first brought its micronised rubber powder (MRP) to market, the substance has been used in the production of at least 300 million new tyres around the world. Today Lehigh sells its MRP in numerous markets, including several in Europe, and in order to better serve its customers in our region (as well as those in the Middle East and Africa) the company has now opened a wholly-owned subsidiary in Spain.
