Struktol - A World of Capabilities

News and week in review on rubberworld.com

Scroll down for more news

Click here to subscribe to the daily news

GRI acquires Nortire Oü in northern Europe

  9/11/2019 - Colombo, Sri Lanka - GRI recently acquired Nortire Oü in northern Europe. The acquisition of the Nortire Group, headquartered in Estonia, with a branch in Latvia and two branches in Lithuania, will further expand GRI’s global tire service network, while attaining a significant foothold in the northern European tire market. The Nortire Group was founded by Tarmo Männasalu in 2000, and is now a leading distributor of material handling, industrial and construction tires and wheels, rubber tracks, polyurethane wheels and castors. Its operations span over Estonia, Latvia, Lithuania, Belarus and western Russia. Nortire, furthermore, has proprietorship over four large warehouses across the region. “I am proud to announce the acquisition of this group of companies. Männasalu has grown his businesses and revenues year-on-year at a noteworthy pace, to a level that attracted GRI. This milestone will prove to strengthen and build upon the geographical outreach of GRI. The Nortire Group is, in fact, recognized as the market leader in the product offering of material handing tires. This competitive advantage will propel GRI’s success in the market,” proclaimed Prabhash Subasinghe, managing director, GRI. “Being a leader in the industry and with ambitious progress in business growth, GRI will also soon deliver to the northern European tire market its wide range of specialty tires via the Nortire Group, thereby effectively enhancing the group to become an all-rounder in the offering of specialty tires,” Stated Mahesha Ranasoma, CEO, GRI. The founder of the Nortire Group, Tarmo Männasalu, stated, “GRI has proved to be an organization that is passionate in taking on stimulating strategic advancements, coupled with a strong commitment to producing high quality specialty tires. It is a privilege to hand over the reins to this multinational company, and I have no doubt that this will lead Nortire into prosperous growth and allow for the continued provision of premium tires with outstanding quality and assured performance to our customers.” This acquisition will prove to enrich GRI’s material handling tire footprint in Europe, complementing our distribution networks in Germany, France, Spain, Netherlands, Italy and the Baltic region, thereby enhancing the level of accessibility to our tires, resulting in reduced lead time to customers and ensuring the continuous growth of GRI’s material handling tires across the region,” stated Güenter Fleck, consultant for GRI Europe (Global Rubber B.V).

Wednesday, January 29, 2020

Retread tire market growing with a CAGR of 4.9 percent through 2027 - click to expand

Global automated handling market forecast to reach $60 billion by 2025 - click to expand

Cimcorp appoints Jarkko Hakkarainen as general manager of its newly established office in Madrid - click to expand

Specialty Silicone Products adds capacity with second mill and EMI extruder - click to expand

Michelin named top tire manufacturer among world’s most admired companies - click to expand

Tuesday, January 28, 2020

Cooper Tire completes acquisition of Mexico joint venture plant - click to expand

Global industrial robotics market likely to surpass $24 billion by 2025 - click to expand

GM invests $2.2 billion in first assembly plant completely devoted to electric vehicles - click to expand

Eastman experts to discuss increased performance, efficiency in tire production - click to expand

Global personal protection equipment market forecast at $73 billion by 2026 - click to expand

Monday, January 27, 2020

Toyo Tire releases videos on its tire development technologies co-produced with Discovery Channel - click to expand

Denka develops acrylic elastomer with heat resistance up to 190 degrees Celsius - click to expand

R.D. Abbott and Alpha Technologies offer one-day course on rheology applications - click to expand

Global polychloroprene market projected to grow at a CAGR of 4.1 percent through 2025 - click to expand

NPE2021 and ChinaPlas correct scheduling conflict - click to expand

India issues quality control orders on various steel imports - click to expand

Friday, January 24, 2020

Michelin announces PennyForAFreeRide scholarship winner - click to expand

Disposable medical gloves market forecast a $10.9 billion by 2026 - click to expand

Book of the day: Thermoplastic Elastomers - click to expand

New ASTM International standard supports flame retardants in plastics - click to expand

IRSG expects world demand for rubber to grow 2.6 percent in 2020 - click to expand

Thursday, January 23, 2020

Global advanced tires industry expected to hit $1.34 billion by 2030 - click to expand

Trinseo to announce fourth quarter and full year 2019 financial results - click to expand

Former Ameritex latex factory to reopen in Alabama under new owners - click to expand

Toshiba Machine fights activist investor's hostile takeover - click to expand

CCSi announces new headquarters and updated website for 2020 - click to expand

Global conductive silicone market forecast at $3.8 billion by 2025 - click to expand

Wednesday, January 22, 2020

Cooper Standard advances diversification strategy; announces three Fortrex technology development agreements - click to expand

Upcoming Rubber Division, ACS, courses announced - click to expand

Cooper Tire scores 100 percent on 2020 Corporate Equality Index - click to expand

Emergence of advanced tire technologies influencing tire cords and tire fabrics production - click to expand

Freudenberg Sealing Technologies’ new method shows how static seals actually age - click to expand

Global tire pressure monitoring system market to surpass $8 billion by 2026 - click to expand

Market Reports

Medical disposable market is anticipated to reach over $365.1 billion by 2026 - click to expand

Global isoprene rubber latex market forecast with a CAGR of 7.19 percent through 2025 - click to expand

Retread tire market growing with a CAGR of 4.9 percent through 2027 - click to expand

Global automated handling market forecast to reach $60 billion by 2025 - click to expand

Global industrial robotics market is lkely to surpass $24 billion by 2025 - click to expand

Global personal protection equipment market forecast at $73 billion by 2026 - click to expand

Global advanced tires industry is expected to hit $1.34 billion by 2030 - click to expand

Global neoprene market is projected to grow at a CAGR of 4.1% through 2025 - click to expand

Disposable medical gloves market forecast a $10.9 billion by 2026 - click to expand

Global conductive silicone market forecast at $3.8 billion by 2025 - click to expand

Subscribe to daily news

Sign up for Daily News Email Update

RubberWorld will now notify you with an email when we update our daily news. Simply enter you email address in the boxes below and click the send button*, and you'll know the news as soon as we do!

email

email (confirm)

Type RUBBER in this field (prove you're human) in CAPS


* be sure to click the send button

By submitting your email address to RubberWorld you agree to allow Rubber World to send you daily email notifications relating to news in the rubber industry. See our privacy terms for more details