ROLLING MEADOWS, Ill. – Goodyear’s race tire plant in Akron is one of four manufacturing enterprises to have earned a 2018 Excellence Award from the Association for Manufacturing Excellence.
ZUG, Switzerland—Partners Group, a private equity firm based in Zug, has completed its acquisition of Megadyne and intends to merge it with Ammeraal Beltech to create a broad-spectrum service provider for the belting industry.
Orion Engineered Carbons’ CEO, Jack L Clem, 65, is to retire from the role, which he has fulfilled since 2011. He will be nominated to join the board of directors and during a transition period will act as an advisor to the company.
Corning F Painter, 55, will succeed Clem as the new CEO and will also be nominated to join the board of directors. Painter was selected during a broad executive search process and stood out due to his track record in the international chemical industry.
PARIS — Pirelli Tyre and Hankook Tire Co. Ltd. have submitted bids to the Federation International de l’Automobile (FIA) to be the race tire supplier for Formula 1 racing for the 2020-23 seasons.
MILAN, Italy — Pirelli & C. S.p.A. named nine suppliers recently as the recipients of its Pirelli Supplier Awards 2018, pulled from a supply chain of more than 10,000 companies.
The recipients — in the areas of raw materials, services and machinery — were chosen for their ability to support the Pirelli supply chain its goals of sustainability and excellence, according to a company news release.
Tokyo – Japanese materials supplier Shin-Etsu Chemical has announced plans to invest ¥110 billion (€854 million) in the next two-and-a-half years in its silicones operations, a core business of the company.
As part of the commitment, the Tokyo-based company will expand production capacity for silicone monomer – the intermediate product of silicones – and various types of silicone fluids, resins and rubber end products at the company’s main bases in Japan and globally.
BOSTON – Effective October 1, 2018, or as contracts allow, Cabot Corporation will increase prices, up to 7 percent globally, for its PLASBLAK® masterbatches as well as its CABELEC® conductive compounds and concentrates. This price increase is required to offset the dramatic rise in raw material costs. The increase will help to ensure that Cabot remains a reliable, long-term supplier of high quality products and services.
RAVENNA, Ohio—Polymer products testing company Smithers Rapra has upgraded the wheel-testing capabilities at its Tire and Wheel Test Center in Ravenna to handle wheels with rim diameters up to 24 inches.
Italian farming company Nodari notes the continually evolving requirements in today’s farming world, as operators prepare for Agriculture 4.0
Farming company Nodari uses BKT tires on much of its equipment. The well-established company from Brescia in Italy provides services to local companies, operating mainly as a contractor, especially for biogas plants.
DONGYING, China — Shandong Yongtai Group Co. Ltd., one of China’s largest tire makers, entered court-ordered administration on July 16 as the company faces a variety of legal issues.