Tag: joint venture

Continental enters mobility services JV in China

20th April 2017 | 0 Comments

In order to increase its activities in the new mobility services market, Continental has signed a strategic joint venture contract with China Unicom Smart Connection (CUSC), an end-to-end service and operations provider for the connected car market and fully owned subsidiary of mobile network operator China Unicom. The contract was signed on 19 April and creates a joint venture that, in Continental’s words, “aims to establish and operate as a world class ITS solution provider to satisfy the increasing market demands in China.”

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China recycling plant and joint venture: Enviro signs MoUs with Vanlead Group

China recycling plant and joint venture: Enviro signs MoUs with Vanlead Group

4th April 2017 | 0 Comments

State-owned Chinese firm Guangzhou Vanlead Group, parent company of Wanli tyre brand manufacturer South China Tire & Rubber Co., Ltd, has signed two memorandums of understanding with Swedish firm Scandinavian Enviro Systems. The first of these covers the establishment of a turnkey recycling plant in Guangdong province, and the second the setting up of a joint venture to market Enviro’s patented technology across China.

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Reliance-Sibur JV to set up halogenated butyl unit

Reliance-Sibur JV to set up halogenated butyl unit

18th January 2017 | 0 Comments

Reliance Sibur Elastomers Private Limited (RSEPL), a joint venture between Russian gas and petrochemicals company Sibur and India’s Reliance Industries Limited (RIL), has announced plans to establish southern Asia’s first halogenated butyl rubber unit at RIL’s integrated petrochemical facility in Jamnagar, India. Halogenated butyl is a key ingredient in the manufacture of tubless tyre inner liners.

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Nexen Tire begins Japan joint venture

Nexen Tire begins Japan joint venture

17th January 2017 | 0 Comments

Travis (Ho-chan) Kang, chief executive officer of Nexen Tire, has taken part in the official inauguration of a new joint venture company set up to sell the Nexen and Roadstone tyre brands in Japan. The joint venture is called Nexen Tire Japan Inc. and is 51 per cent owned by Nexen Tire, with Toyota Tsusho Corporation, the Toyota Group’s trading arm, holding the remaining 49 per cent share.

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Autoliv and Volvo agree driverless car software joint venture

3rd January 2017 | 0 Comments

Autoliv, Inc. and Volvo Cars have signed a final agreement regarding the formation of a 50:50 joint venture to develop software for autonomous driving and driver assistance systems, based on the letter of intent announced during autumn 2016.

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Sumitomo Chemical, Zeon Corp. to combine S-SBR activities in JV

5th December 2016 | 0 Comments

Japan’s Sumitomo Chemical and Zeon Corporation are setting up a joint venture company to facilitate the integration of both firms’ solution styrene butadiene rubber (S-SBR) businesses. The resulting company will be called ZS Elastomer Co. Ltd. (ZSE) and will be 60 per cent owned by Zeon Corporation, with Sumitomo Corporation holding the remainin 40 per cent share. Sumitomo Chemical and Zeon will each succeed the rights and obligations of the sales and R&D functions their respective S-SBR business to ZSE.

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Sino/Thai partners to build car & truck tyre plant

30th November 2016 | 0 Comments

One Chinese and two Thai partners have agreed to invest in a new joint venture passenger car and truck tyre factory in Thailand to supply both the domestic and export markets. The joint venture company hasn’t yet been named and will be established by June 2017. A total of 1 billion baht (£22.5 million) is to be invested in the new facility.

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Doublestar forms European joint venture with Zenises

Doublestar forms European joint venture with Zenises

24th October 2016 | 0 Comments

On 22 September 2016 Doublestar Europe Ltd was registered as a UK company based in London. Tyres & Accessories understands that the company is a joint venture between Zenises and growing Chinese tyremaker Qingdao Doublestar designed to bring Chinese products into European markets.

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Sentury and Huagao cooperate on first graphene tyre

Sentury and Huagao cooperate on first graphene tyre

30th August 2016 | 0 Comments

On 3 August 2016 Sentury Tire and Huagao Graphene Technology Corporation hosted a ceremony marking the two firm’s cooperation on their first (and possibly the first) graphene high performance car tyre. Qingdao information technology department vice director Wang Jian, deputy mayor of Qingdao Sun Mingming, China grapheme industry alliance secretary Li Yichun, chairman of Sentury Qin Long and Sentury president Lanny represented Sentury by attending the signing ceremony.

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$310 million in international financing to aid Brisa tyre plant project

23rd August 2016 | 0 Comments

Turkish joint venture tyre maker Brisa Bridgestone Sabancı Lastik Sanayi ve Ticaret A.S. – or Brisa, as it is more commonly known – intends to primarily utilise a US$150 million long-term loan from the European Bank for Reconstruction and Development (EBRD) and $160 million from a syndicated loan transaction arranged and coordinated by Mitsubishi UFJ Financial Group (MUFG) for the greenfield factory it is now building in Anatolia. A portion of the financing will also be directed towards the expansion of Brisa’s truck and bus tyre plant in Izmit.

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Bridgestone-Pneuhage JV given EC green light

3rd August 2016 | 0 Comments

The European Commission has approved the joint venture proposed by Bridgestone and German tyre firm Pneuhage Management GmbH & Co. The approval granted under the EU Merger Regulation sees Pneuhage Management GmbH & Co. KG and Bridgestone Deutschland GmbH take joint control over Pneuhage Partners Group GmbH & Co. KG. Bridgestone Deutschland, a subsidiary of Bridgestone Europe NV/SA, will acquire 25 per cent of the shares in Pneuhage Partners; Pneuhage Management already holds a 75 per cent share.

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Vipal Rubber signs retread manufacturing joint venture with Mezcla Caucho

Vipal Rubber signs retread manufacturing joint venture with Mezcla Caucho

28th July 2016 | 0 Comments

Vipal brand hot retreading products will be manufactured in Spain thanks to a new joint venture started by the South American market leader and Mezclas Caucho. Not only is this a first in Europe; the JV’s production line will be the first anywhere in the world for Vipal outside its domestic Brazilian market. The agreement was officially signed during Reifen 2016, the world’s largest tyre trade show, which was held in May in Essen, Germany. It adds to Vipal's increased activities in Europe, marked by sustained expansion over recent years.

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Double Coin manufacturer to set up Thailand tyre plant

Double Coin manufacturer to set up Thailand tyre plant

27th July 2016 | 0 Comments

Under China’s ‘Belt and Road’ development strategy (Silk Road Economic Belt and the 21st-century Maritime Silk Road, to give its full name), excess production capacity within the country is being exported to locations within Eurasia, Asia and parts of Africa. An advantage of this policy for tyre makers is that setting up production facilities outside of China offers a means of avoiding the tariffs applied to Chinese-made tyres in numerous markets. Shanghai Huayi (Group) Company, majority owner of Shanghai Huayi Group Corporation Limited (the entity known until recently as Double Coin Holdings), signed a deal in May that will see it supply the North American and Southeast Asian markets with tyres produced at a brand new factory in Thailand.

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HERA takes share in Lehigh Spain, European MRP supply to start Q1 2017

14th July 2016 | 0 Comments

When US-based specialty chemicals company Lehigh Technologies began its working relationship with Spanish waste to resources company HERA Holding several years ago, its vision was to eventually set up a facility for supplying European and other tyre makers with locally-produced micronised rubber powder (MRP). The final step towards realising this goal has now been taken through the formation of a joint venture between the two companies to operate the first MRP facility in Europe.

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Another change for First Stop in Germany

Another change for First Stop in Germany

8th July 2016 | 0 Comments

A week ago we reported Bridgestone’s plan to roll its First Stop tyre retail operation in Germany into a joint venture, with a 75 per cent share in this operation to be acquired by independent retailer Pneuhage. News of this pending ownership restructure has been accompanied by a change in leadership of the national First Stop network, however the two events are not related. Frank Fuhrmann, who held the post of managing director for First Stop in the DACH (Germany, Austria, Switzerland since 1 September 2015, has been succeeded in this role by Daniel Giroud, Bridgestone Europe’s vice-president of retail operations.

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