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

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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Related news:

  1. Lehigh Technologies opens MRP plant in Spain
  2. Lehigh Technologies establishes European subsidiary – local production to follow
  3. Lehigh Technologies: European MRP production beginning this summer
  4. Lehigh win Circular Economy award in Davos
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Another change for First Stop in Germany

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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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Related news:

  1. First Stop tyre retail network to become a JV in Germany
  2. Bridgestone-Pneuhage JV given EC green light
  3. Bridgestone EMIA promotes Daniel Giroud to chief sales officer
  4. Bridgestone acquires former Fintyre Germany tyre trade group Reiff
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Trelleborg’s divestment of Vibracoustic shares finalised

Following the necessary approval from relevant authorities, Trelleborg has divested all its shares in the Vibracoustic joint venture to former partner Freudenberg. As of 5 July the Swedish company has received a payment of approximately SEK 6.2 billion (£556.4 million) for the shares, and the remaining 10 per cent of the purchase price is subject to Vibracoustic’s forecast sales performance this year and in 2017. Accordingly, Trelleborg reports that the final consideration “may be somewhat higher or lower than SEK 6.8 billion (£610.7 million).” In addition to the purchase price, Trelleborg received a dividend of approximately SEK 1.4 billion in December 2015.

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Related news:

  1. Trelleborg prepares for JV with organisational changes
  2. Trelleborg Wheel Systems posts positive 2013 results
  3. Trelleborg divests automotive rubber component facility
  4. Pirelli/Trelleborg – Three New Tyres
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Voronezh to increase tyre production

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At the end of 2015 tyre production of JSC Voronezh Tire Plant (of which Pirelli is the main shareholder) grew by 35 per cent compared to 2014 – that is 1.792 million units against 1.322 million tyres the year before. The news was shared by the firm’s general director Yury Gribanov during the ceremony to mark the receipt of Ford Q1 status.

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Related news:

  1. Pirelli, Rostec investing 100 million euros to double Voronezh plant capacity
  2. Pirelli to Buy Russian Plant ‘Next Year’
  3. Kirov plant transfer finalised
  4. Pirelli, Rosneft and Synthos move to next phase of synthetic rubber cooperation
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Arlanxeo – synthetic rubber JV’s Executive Board named

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The Executive Board for the new Arlanxeo synthetic rubber joint venture has been announced, with parent companies Lanxess and Saudi Aramco gaining equal representation on the four-person Board.

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Related news:

  1. Arlanxeo – 1 April launch for Lanxess, Saudi Aramco synthetic rubber firm
  2. Jorge Nogueira takes over as Arlanxeo’s CEO
  3. Saudi Aramco to become 100% owner of Arlanxeo
  4. Lanxess and Saudi Aramco create synthetic rubber joint venture
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OE tyres: Continental to directly supply Japanese and Korean car makers from April

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With the imminent demise of the 14-year old Yokohama Continental Tire joint venture withJapan’s Yokohama Rubber, German tyre maker Continental is gearing up to take over direct deliveries of its tyres to vehicle manufacturers in Japan and Korea. “From 1 April 2016, we will solely supply Japanese and Korean original equipment customers ourselves. This means we will directly offer our premium Continental tyres in Japan and Korea,” shares Tansu Isik, who heads Continental’s APAC region original equipment passenger car tyre business.

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Related news:

  1. Continental, Yokohama to end OE tyre joint venture
  2. Cooperation Between Continental And Yokohama Intensifies
  3. Agreement On Japanese Co-operation For Yokohama and Continental
  4. Michelin and Pirelli lead in rubber sustainability – Context Group
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Continental, Yokohama to end OE tyre joint venture

The Yokohama Rubber Co., Ltd. and Continental AG have announced that they will wind up their joint venture company, Yokohama Continental Tire Co., Ltd. (YCC), at the end of this month. The two tyre makers believe the 50/50 joint venture, which was established in Q1 2002, has served its purpose.

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Related news:

  1. OE tyres: Continental to directly supply Japanese and Korean car makers from April
  2. Cooperation Between Continental And Yokohama Intensifies
  3. Agreement On Japanese Co-operation For Yokohama and Continental
  4. Shifts in leading tyre manufacturer rankings, 2015-2019
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Arlanxeo – 1 April launch for Lanxess, Saudi Aramco synthetic rubber firm

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State-owned oil company Saudi Aramco and specialty chemicals company Lanxess report that all pertinent authorities have cleared the joint venture agreement signed by the two parties last September, and as a result their joint synthetic rubber company will come into being on 1 April 2016. The 50/50 joint venture will be known as Arlanxeo.

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Related news:

  1. Lanxess and Saudi Aramco create synthetic rubber joint venture
  2. Saudi Aramco to become 100% owner of Arlanxeo
  3. Arlanxeo – synthetic rubber JV’s Executive Board named
  4. Goodyear to pay Sumitomo US$271 million to end global joint venture
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Qingdao carbon black JV now wholly Orion-owned

Carbon black supplier Orion Engineered Carbons S.A. shares that its acquisition of the remaining 64 per cent share in the Qingdao Evonik Chemical Co. Ltd. (QECC) carbon black business in Qingdao, China has now been completed.

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Related news:

  1. Analysts: Cooper 3Q results surprise, but shares fall
  2. Cooper Tire acquiring majority share in Chinese truck tyre maker
  3. Pirelli completes high-end tyre JV
  4. Performance Fibers Buys Out Chinese JV Partner
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Cooper Tire acquiring majority share in Chinese truck tyre maker

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It’s now over a year since Cooper Tire & Rubber completed the sale of its share in the Cooper Chengshan (Shandong) Tire Company Ltd joint venture. At the time, company chairman, chief executive and president Roy Armes mentioned that Cooper would “identify and develop alternative sources” for the tyres produced at the Cooper Chengshan plant; he identified a further joint venture as one potential option. The tyre maker reports it has realised this alternative source and has entered into an agreement to purchase a majority of China-based Qingdao Ge Rui Da Rubber Co., Ltd (GRT).

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Related news:

  1. Chinese JV exit gives Cooper Tire flexibility to plan for a changing tyre market
  2. Cooper: Chengshan worth US$440 million, say valuers
  3. Chengshan to buy out Cooper for US$286 million
  4. Chengshan forms new JV with investment group
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GRP joint venture brings Marangoni’s Ringtread system to India

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Marangoni S.p.A. has provided additional details about the recently-announced commercial vehicle tyre retreading joint venture it has commenced with Indian rubber recycling company GRP Ltd. According to the Italian retreading specialist, the aim of the joint venture is to “establish a pan-Indian network of tyre retreaders able to spread the quality of the Marangoni system to commercial vehicle fleets.”

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Related news:

  1. Marangoni, GRP form Indian retreading joint venture
  2. Marangoni opens 4th Ringtread franchise in India – 4 more on the way
  3. Closures: Dark clouds over Marangoni’s Rovereto site
  4. Marangoni GRP launches India’s first franchised Ringtread plant
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Marangoni, GRP form Indian retreading joint venture

Indian reclaimed rubber producer GRP Ltd has announced its entry into a joint venture agreement with Marangoni S.p.A. The two partners will contribute a total of Rs 20,000,000 (£198,000) to the project; GRP says it will draw upon the Italian retreading specialist’s technical knowledge in order to commence the retreading of pre-cure retreading of commercial vehicle radials within India, and the company also expects the joint venture will strengthen its raw material collection network.

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Related news:

  1. GRP joint venture brings Marangoni’s Ringtread system to India
  2. Marangoni opens 4th Ringtread franchise in India – 4 more on the way
  3. Marangoni GRP launches India’s first franchised Ringtread plant
  4. Marangoni raises OTR retread product prices
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JSR, MOL to build joint venture S-SBR plant in Hungary

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Groundwork begins this month on a new 60,000 ton per annum S-SBR plant destined to supply synthetic rubber to tyre industry customers. Construction of the new plant begins in the first quarter of next year at the MOL Petrochemicals site in Tiszaújváros, Hungary and the facility is a 51/49 per cent joint venture between Japan’s JSR Corporation and Hungary’s MOL Group. It is expected that the plant’s mechanical completion will take place within 2017.

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Related news:

  1. Lanxess to share latest rubber research at Tire Technology Expo
  2. Reliance-Sibur JV to set up halogenated butyl unit
  3. Pirelli, Rosneft and Synthos move to next phase of synthetic rubber cooperation
  4. Strong growth anticipated in S-SBR, polybutadiene markets
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Pirelli, Rosneft and Synthos move to next phase of synthetic rubber cooperation

On 22 October, Pirelli, Rosneft and Synthos signed a further Memorandum of Understanding (MoU) regarding the next phase of their synthetic rubber cooperation. The MoU refers to the approval of the results of an initial feasibility study begun in April regarding the development of a synthetic rubber plant construction project in Nakhodka. The document was signed during the Fourth Eurasian Forum in Verona by Rosneft chairman of the management board Igor Sechin, Pirelli executive vice chairman and CEO Marco Tronchetti Provera, and Synthos majority stakeholder Michal Solowow.

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Related news:

  1. Pirelli and ChemChina agree closing date, triggering mandatory tender offer
  2. Rosneft and ChemChina sign cooperation agreement
  3. Pirelli signs Armenia synthetic rubber MoU
  4. ChemChina’s latest Pirelli shares held indirectly
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Lanxess and Saudi Aramco create synthetic rubber joint venture

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Specialty chemicals company Lanxess and Saudi Aramco, the state-owned oil company of the Kingdom of Saudi Arabia, today signed an agreement to establish a synthetic rubber joint venture. Lanxess and Aramco Overseas Company, a subsidiary of Saudi Aramco, will each hold a 50 per cent stake in the €2.75 billion venture, with Saudi Aramco paying approximately €1.2 billion in cash for its 50 per cent share after deducting debt and other financial liabilities.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Arlanxeo – 1 April launch for Lanxess, Saudi Aramco synthetic rubber firm
  2. Saudi Aramco to become 100% owner of Arlanxeo
  3. Goodyear to pay Sumitomo US$271 million to end global joint venture
  4. Doublestar forms European joint venture with Zenises
/by

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