After two years of construction, KraussMaffei receives the keys for the new site in Laatzen near Hanover from project developer VGP. Covering an area of around 97,000 m², the new plant offers space for up to 750 workplaces for the production of extrusion systems and recycling equipment for the plastics and rubber processing industries
Read MoreCold Jet® announces a $4.9 million capital investment in a new facility due to exponential growth. This facility will house the headquarters, manufacturing, and production all under one roof.
Read MoreNokian Tyres plc is reorganizing the Group’s organization and management structure to strengthen go-to-market execution. This is to improve operational efficiency and collaboration, and focus on building the new Nokian Tyres as the company is in the process of investing in new European capacity and exiting Russia.
Read MoreBridgestone plans to invest an additional $42 million to establish commercial operations, with additional investment and expansion planned toward 2030. The company will collaborate and partner with local U.S. farmers and Native American tribes to increase capacity of up to 25,000 additional acres of farmland for planting and harvesting guayule at scale. Bridgestone is targeting sustainable commercial production of guayule-derived natural rubber by the end of the decade.
Read MoreThe What Really Matters platform marks a shift from the company’s traditional product performance marketing campaigns to showcase purpose-driven actions that are improving the way people move, live, work and play. This targeted, multi-channel activation aligns with the company’s evolution from a global leader in tires and rubber to a forward-thinking sustainable solutions company helping shape the future of mobility.
Read MoreBridgestone Americas (Bridgestone) announced a major expansion and modernization of its Warren County, Tennessee Truck and Bus Radial (TBR) Tire Plant located in Morrison. The $550 million investment will add 380 new jobs and expand the plant’s existing footprint by 850,000 square feet to support increased capacity and to accelerate the use of advanced technologies that support cleaner, safer and more efficient commercial truck and bus fleets.
Read MoreThe process industry strike in Norway has now been called off and Elkem’s plants at Salten, Rana, Thamshavn and Fiskaa will resume normal production. All plants are expected to be back at normal capacity within a few days. The total financial impact on Elkem from the strike is expected to be limited.
Read MoreFord Motor Co. is cutting 3,000 jobs in a move to boost profits as it seeks to fund the $50 billion it plans to spend on electric vehicles. The cuts will come primarily in the U.S., while some positions also are being eliminated in Canada and India, a company spokesman said. The total includes 2,000 salaried workers and 1,000 contract personnel.
Read MoreYOKOHAMA announced that it has begun applying a proprietary rubber compound design system that utilizes AI-based compound generation technology. The new system was developed with the cooperation of Hamagomu Aicom Inc., a YOKOHAMA subsidiary specializing in information system development. The new system’s use of AI to propose a compound that achieves targeted rubber physical property values enables the acquisition of new knowledge about compounds that humans could not have conceived independently. YOKOHAMA expects this new system will enable it further speed up product development and develop higher-performance products.
Read MoreDESMA debuts a new machine series for rubber and silicone part production called the DESMA 968 Rotary Compact.
“The development of this machine was several years in the making” quotes Scott Early, President & CEO of DESMA USA. “We are excited to offer the DESMA 968 Rotary Compact for high volume production with an eye towards highly efficient automation”.
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