Covestro completes sale of European PU business

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HAMBURG, Germany—Covestro A.G. has completed the sale of its European polyurethane systems house business to a U.S. private equity firm, and the new business now has a new CEO and a new name: Plixxent.

Read the source article at Rubber and Plastics News

Continental acquires CRP Industries’ automotive aftermarket belt business

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FAIRLAWN, Ohio—Continental A.G. has acquired the assets and business of CRP Industries’ Continental-related belt business and kits program.

The firm said in an Oct. 7 news release that as a result of the deal, Continental has brought all of its Continental-branded aftermarket belt products under its North American business. The deal consists of import and domestic Continental-branded multi-V belts, accessory drive kits, V-belts, timing belts, pro series kits, pro series plus kits and black series kits.

Read the source article at Rubber and Plastics News

Continental acquires CRP Industries’ automotive aftermarket belt business

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FAIRLAWN, Ohio—Continental A.G. has acquired the assets and business of CRP Industries’ Continental-related belt business and kits program.

The firm said in an Oct. 7 news release that as a result of the deal, Continental has brought all of its Continental-branded aftermarket belt products under its North American business. The deal consists of import and domestic Continental-branded multi-V belts, accessory drive kits, V-belts, timing belts, pro series kits, pro series plus kits and black series kits.

Read the source article at Rubber and Plastics News

Singer to acquire US hydraulic hose manufacturer

Houston, Texas – US supplier of rubber products Singer Equities Inc. has reached an agreement to acquire Hydraulic Hose and Assemblies LLC of Gorham, Maine.

HH&A will operate as a division of PRC Industrial Supply, a sales and service company also owned by Singer, according to a company news release.

Singer did not disclose the details of the agreement but said the newly acquired company would be managed by Kevin Easler, vice president and general manager for PRC.

Read the source article at European Rubber Journal

Expansion aims to automate Continental’s hose manufacturing plant in Quebec

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GRANBY, Quebec—Continental’s ContiTech division has completed a project at its hose factory in Granby that makes production there largely automated.

Read the source article at Rubber and Plastics News

Bosch sees car production falling 5% in 2019: Reuters

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FRANKFURT (Reuters) – Auto supplier Robert Bosch has revised its forecast for automotive production on Saturday, expecting a 5% fall this year, bigger than an earlier estimate for a 3% decline, the company’s chief financial officer told Boersen-Zeitung. As a result Bosch would not be able to achieve an earnings before interest and taxes margin of 7% as it did last year, Stefan Asenkerschbaumer told the newspaper.

Read the source article at reuters.com

ZYfire prepared to add Houston manufacturing site

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LAS VEGAS—ZYfire Hose Corp. does most of its business in the U.S. selling products made at its headquarters factory in China, but the firm is prepared to set up manufacturing in the states if tariffs become too high.

Read the source article at Rubber and Plastics News

Toyoda Gosei to set up engineering, sales office in U.S.

KIYOSU, Japan—Automotive supplier Toyoda Gosei Co. Ltd. is planning to establish a satellite engineering and sales office in Dublin, Ohio, to speed up its product development process in the U.S.

The office will serve as a regional headquarters for Toyoda Gosei North America Corp., which is based in Troy, Michigan. Certain functions, including design and sales of interior products and airbags, will be relocated from TGNA’s head office in Troy to the Dublin unit, which is set for operation in July.

Read the source article at Rubber and Plastics News

Cabot eyes elastomer composites expansion in Malaysia

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KUALA LUMPUR, Malaysia—Cabot Corp. has reviewed long-term growth plans for its composite elastomers in Port Dickson, Malaysia, with the Malaysian Investment Development Authority.

The Boston-based company has been carrying out liquid mixing of elastomer composites at the site since 1995 and was under a 10-year exclusive technology license with Michelin until recently. In 2017, Cabot announced an investment to expand the elastomer composites product line to serve a broader customer base.

Read the source article at Rubber and Plastics News

Tristone adds new US production plant

Mooresville, North Carolina – German hose manufacturer Tristone Flowtech Group has officially opened a new production plant in Mooresville to improve its service to the automotive industry in the US and Canada.

Tristone broke ground on the €21-million manufacturing unit in May last year and is now preparing for start of operations to serve its first US automotive customer, the company said 23 April.

Read the source article at European Rubber Journal