Tag: Manufacturing
Cabot buys Chinese nanotube supplier for $115 million
On 6 January 2020, Cabot China Limited, a wholly owned subsidiary of Cabot Corporation agreed to buy Shenzhen Sanshun Nano New Materials Co., Ltd, a leading carbon nanotube (CNT) producer in China. The $115 million pricetag reportedly includes “liabilities and contingent payments”. According to the company, the move is designed to strengthen Cabot’s position in the high-growth batteries market, particularly in China, which is the largest and fastest growing electric vehicle market in the world.
Guizhou Tire begins $350 million construction project on two China factories
Guizhou Tire recently broke ground on two new tyre production facilities near the firm’s headquarters in Guizhou, Guiyang province. According to Asian Rubber Journal reports, when operational, the first - a $307 million plant - is expected to generate nearly $426 million annually. Capacity is salted to be 3 million truck tyres a year.
SAR Elektronic GmbH and Pelmar Engineering sign sales MoU
SAR Elektronic GmbH and Pelmar Engineering Ltd. recently signed a Memorandum of Understanding between the companies for the sale and distribution to the tyre industry worldwide. SAR manufactures advanced machinery for applications of glue and foam into radial passenger tyres to enhance puncture protection and noise reduction.
Nokian the first tyre manufacturer to offer “greener” tyre bags
Nokian Tyres is changing its tyre bags to more environmentally friendly ones. Producing bags partially from biomaterial reduces carbon dioxide emissions by up to 75 per cent compared to making bags from virgin or recycled plastic.
Nynas enters restructuring process
Nynas AB (publ) filed for “company reorganisation” in Sweden at Södertörn's District Court today (Monday 16 December 2019). According to a company statement, Nynas’s banks have refused to continue to extend loans to the company and therefore “Nynas cannot pay due debts forcing the company to apply for a reorganisation”.
NeroForce appointed Akarmak European distributor
Recently founded retreading machinery supplier NeroForce (based in Leipheim, Southern Germany), has been appointed as exclusive European distributor of Akarmak machines throughout the continent.
Dunlop Aircraft Tyres considering Indonesia factory
Dunlop Aircraft Tyres Ltd (DATL) is planning to invest 1 trillion rupiah (£54.14 million; 64 million euros; US$70.92 million) in an aircraft tyre retreading factory in Karawang, West Java, Indonesia. According to several local news sources, the retreading factory will be followed by a new aircraft tyre production plant as well.
Hubei Linglong initiates truck tyre production
Hubei Linglong Tire Co. Ltd., Linglong Tire’s fourth domestic Chinese manufacturing base, celebrated the production of its first truck tyres on 21 November. Dignitaries from Jingmen, Hubei, China, and Hubei Linglong Tire witnessed this historical moment together.
Decennial shift in global PCLT tyre volume market share
The latest global tyre market share figures from tyre industry analyst Astutus Research show how long-established, leading players headquartered in Japan, Europe, and North America have seen their volume share diminish, while Chinese, ASEAN, and selected other markets’ tyre manufacturers’ share has risen. The analyst states that in aggregate, the ten leading PCLT tyre manufacturers based in Japan, Europe and North America (J-E-NA) have lost almost 6 percentage points of market share since the end of 2011 (OE and replacement segments combined, volumes in tyre units). In part this reflects a strategic choice of some to focus on the higher value premium segments of the market.
UK commercial vehicle production stable in October – SMMT
The Society of Motor Manufacturers and Traders (SMMT) reports that UK commercial vehicle (CV) production was down -0.2 per cent in October, with 9,065 units manufactured. Output destined for some crucial overseas markets was up 9.3 per cent, though production for the domestic market fell -8.5 per cent with demand weakening.
First TBR tyre produced by Cooper, Sailun Vietnam JV
The joint venture between Cooper Tire & Rubber Company and Sailun Vietnam Co, Ltd has produced its first tyre. ACTR, facility located near Ho Chi Minh City, Vietnam.
Bridgestone and Delta-Energy partner in recovered carbon black project
Bridgestone Americas and material recovery company Delta-Energy have announced the first full-scale use of recovered carbon black (rCB) in the tyre market, according to the two companies.
Marangoni Meccanica becomes Marangoni Machinery
Marangoni Meccanica has launched a new corporate brand identity. These changes come at a time when the company, which was recently recapitalized and spun off from the Marangoni Group in June, is evolving through a strategic journey with the objective of offering to its customers an even more powerful support and commitment.
Klarius wins prestigious manufacturing excellence award
Klarius has been presented with the Northern Automotive Alliance’s Manufacturing Excellence Award. The award was presented by Jaguar Land Rover and followed a detailed application that focussed on continuous improvement (CI) and a quality driven culture at the company’s manufacturing plant in Cheadle near Stoke-on-Trent, Staffordshire.
Ricardo invests in £1.5m spiral bevel grinder
Investment by Ricardo in leading-edge gear manufacturing machine tools has improved productivity and extended capability, as the recent investment of £1.5m in a Klingelnberg spiral bevel grinder has begun delivering market ready components. The manufacturer states that the new investment underlines its "commitment to meeting the needs of its customers for high performance transmissions."