Lanxess acquires US-based firm, Tire Curing Bladders

12:04 AM, 16th March 2012
Lanxess acquires US-based firm, Tire Curing Bladders
Rainier van Roessel, Board Member, Lanxess.

LEVERKUSEN, GERMANY: Rhein Chemie, a wholly-owned subsidiary of Lanxess has acquired Tire Curing Bladders LLC (TCB), a leading US based manufacturer of bladders for the tire industry. Financial details were not disclosed. The transaction will close with immediate effect. The purchase of TCB is third acquisition of Lanxess in US within six months.

“The acquisition of TCB is a further cornerstone in our strategy to position Rhein Chemie as a global producer of high-quality bladders. We are gaining capacities to serve our growing list of tire customers and we also gain access to bladders for tires of trucks, off-road and agricultural vehicles, as well as building machines. North America remains a very important market for specialty chemicals and technology-driven solutions developed by Lanxess,” said Rainier van Roessel, Board Member, Lanxess.

© WOC News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Lonza appoints Richard Ridinger as new CEO

BASEL, SWITZERLAND: Lonza appointed Richard Ridinger as the new CEO, effective from 1 May 2012. Rolf Soiron was acting CEO ad interim, since the end o ...

Read more
Hongkong Hanxing to acquire Jinzhou Titanium

JINZHOU, CHINA: Jinzhou Titanium Industry, the only chloride TiO2 manufacturer in China, is on the way to be acquired. On 20 March 2012, the local gov ...

Read more
China biggest titanium dioxide producer and consumer, CCM report

GUANGZHOU, CHINA: Facing rapid growth since past few years, China has become the biggest titanium dioxide production and consumption country since 201 ...

Read more
Cytec acquires SOIL’s manufacturing business in India

WOODLAND PARK, US: Cytec Industries has completed the acquisition of the manufacturing assets of Star Orechem International Private Limited (SOIL) in ...

Read more
Myriant develops bio-acrylic acid from renewable feedstocks

QUINCY, US: Myriant Corporation has made substantial progress towards the production of cost-competitive bio-acrylic acid made from renewable feedstoc ...

Read more
Riken Technos acquires Mitsui Chemicals Fabro

TOKYO, JAPAN: Mitsui chemicals will sell its wholly owned subsidiary, Mitsui Chemicals Fabro, to Riken Technos on 1 October 2012. The divesture of Mit ...

Read more
Copyright © 2014. Kimberlite Softwares Pvt. Ltd., India. All rights reserved.
World of Chemicals.