Tag: memorandum of understanding

France and Iran sign tyre technology exchange MoU

1st October 2018 | 0 Comments

On Tuesday 25th September France and Iran signed a memorandum of understanding under which France will engage in a know-how transfer relating to tyre production technology with the Islamic Republic.

Continue Reading

Ceat signs India factory MoU

9th July 2018 | 0 Comments

In a letter to BSE, Ceat Ltd. has confirmed entering into a Memorandum of Understanding (MoU) with the government of India’s Tamil Nadu state. The tyre maker told the stock exchange that the MoU for setting up a new greenfield facility covers an estimated investment of Rs 40 billion (£437 million) over a period of ten years. It adds that passenger car radials, commercial vehicle radials and two-wheeler tyres will be produced in the plant.

Continue Reading

Hankook Tire, Arlanxeo to jointly develop high-performance synthetic rubber

Hankook Tire, Arlanxeo to jointly develop high-performance synthetic rubber

6th June 2018 | 0 Comments

A Memorandum of Understanding (MoU) covering the co-development of synthetic rubber technologies has been signed between Hankook Tire and Arlanxeo. Under the terms of the MoU, the two companies will jointly study and develop new high-performance synthetic rubber grades and applications, with the aim of increasing tyre performance from the early stages of product development.

Continue Reading

ChemChina signs Industry 4.0 MOU with Fraunhofer

4th September 2017 | 0 Comments

On August 1, 2017 China National Chemical Equipment (CNCE; also known as ChemChian) and Fraunhofer Institute for Manufacturing Engineering and Automation (Fraunhofer) under Fraunhofer-Gesellschaft signed a strategic cooperation memorandum of understanding (MOU) in Munich. According to the MOU, the two sides will cooperate with each other in the fields of new chemical materials, intelligent manufacturing, automation and information technology.

Continue Reading

Abu Dhabi firm invests in Nexen Tire, signs MoU

Abu Dhabi firm invests in Nexen Tire, signs MoU

20th July 2017 | 0 Comments

Abu Dhabi-based investor Mubadala Investment Company has Nexen Tire on its radar, and this has led to the signing of a Memorandum of Understanding between the two firms. According to Nexen Tire, the agreement its chief executive officer Travis (Ho-chan) Kang formalised yesterday with Khaldoon Khalifa Al Mubarak, Mubadala’s managing director and group chief executive officer, sets out ways and means for both parties to “explore strategic partnership opportunities.” Mubadala has directly invested into Nexen as part of the agreement, however so far the tyre maker hasn’t disclosed the extent of this investment.

Continue Reading

Wanda Boto to build tyre plant in Malaysia

9th May 2017 | 0 Comments

Malaysian news site Utusan Online reports the signing of a Memorandum of Understanding between Chinese tyre maker Shandong Wanda Boto Tyre Co. Ltd. and government agency the Malacca State Development Corporation (PKNM). The MoU, signed on 11 April, will see Wanda Boto invest Rm 1.2 billion (£213.5 million) to set up a tyre factory in Lipat Kajang, near the town of Jasin, some 100 miles southeast of Kuala Lumpur. The plant is expected to be operational by mid-2018.

Continue Reading

MoU implemented: Marangoni sells solid tyre businesses to Onyx

8th May 2017 | 0 Comments

The Memorandum of Understanding signed between the Marangoni Group and Onyx Group in January has now been finalised. With the transaction’s execution, the UAE-based company has acquired all shares in four Marangoni S.p.A. solid tyre businesses. The manufacture of solid tyres will continue at the Marangoni S.p.A. plant in Roverto, Italy, under an off-take agreement with Onyx.

Continue Reading

MoU signed for Philippines tyre plant project

MoU signed for Philippines tyre plant project

10th March 2017 | 0 Comments

A Memorandum of Understanding has been signed between the Philippines’ Department of Agriculture, the Philippine Rubber Farmers Association (PRFA) and Phoenix Petroleum Philippines, Inc. to establish the country’s first ever tyre production facility.

Continue Reading

Marangoni, Onyx sign industrial tyre MoU

Marangoni, Onyx sign industrial tyre MoU

18th January 2017 | 0 Comments

The Marangoni Group and UAE-based conglomerate the Onyx Group, through its subsidiary Ceylon Steel Corporation (CSCL), have signed a binding Memorandum of Understanding pertaining to the industrial tyre market. Upon announcing the MoU’s signing, Marangoni states that this represents “a further step in the strategy of Onyx Group to invest in the tyre sector, with the objective of becoming the largest tyre manufacturer in Sri Lanka and serving both local and international markets.”

Continue Reading

Kal Tire partners with University Of British Columbia

25th October 2016 | 0 Comments

Kal Tire’s Mining Tire Group and the University of British Columbia have formed a research partnership that will allow the two organizations to collaborate in developing technology and solutions for the mining tyre industry. In the recently-signed memorandum of understanding (MOU), both parties agree to pursue research and innovation as part of a partnership that matches expertise from UBC Okanagan’s School of Engineering with the innovation goals of Kal Tire’s Mining Tire Group.

Continue Reading

[ + ]