Viewing entries tagged with 'Tyre cord'

Indorama Ventures to acquire European tyre cord producer

Global chemical producer Indorama Ventures is to acquire Kordárna Plus, one of the largest producers of tyre cord fabrics in Europe, from Jet Investment.

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Indorama Ventures to acquire European tyre cord maker

Global chemicals producer Indorama Ventures has entered into a definitive agreement to acquire Glanzstoff Group, a major European manufacturer of tyre cord fabrics and single-end cords (SECs) for high-performance tyre applications.

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Michelin invests in tyre cord factory expansion

French group Michelin will invest €60m in its tyre cord factory in Zalau, Romania, aiming to increase production by 50% by 2019. The investment will also lead to the creation of 140 jobs. The factory currently has some 350 employees.

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Indorama expands tyre cord output in Kaiping

Global chemical producer Indorama Ventures has started expanding its tyre cord manufacturing line at the Performance Fibers facility in Kaiping, Guangdong Province, China. The facility currently has an annual capacity of 60,000 tonnes.

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Performance Fibers to expand tyre cord fabric capacity in China

Performance Fibers, which was integrated into Indorama Ventures (IVL) a year ago, is expanding its tyre cord fabric production capacity in China.

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Tyre cords and tyre fabrics market to reach US$6.37bn by 2023

According to a new report published by Transparency Market Research, the global tyre cords and tyre fabrics market was valued at US$4.14bn in 2014 and is expected to reach US$6.37bn by 2023, at a compound annual growth rate of 4.9% between 2015 and 2023.

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