Media

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

0 Comments

Login

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


BP to sell stake in Sean gas field to SSE for $288 million

LONDON, UK: BP announced that, as part of its decision to market its stakes in non-operated North Sea assets, it has agreed to sell its interest in th ...

Read more
Foster Wheeler bags KNPC’s Clean Fuels Project contract in Kuwait

ZUG, SWITZERLAND: Foster Wheeler’s Global Engineering and Construction Group has been awarded a project management and consultancy (PMC) service ...

Read more
Nine expanded polystyrene manufacturers start HBCDD consortium

  BRUSSELS, BELGIUM: Nine manufacturers of expanded polystyrene (EPS) have joined forces and have set up a hexabromocyclododecane (HBCDD) author ...

Read more
Ineos to supply raw materials for BP’s VAM plant in Saltend, UK

SALTEND, UK: Ineos announced a new supply agreement with BP for one of the essential raw materials of the vinyl acetate monomer (VAM) plant located at ...

Read more
Petrobras acquires Vale’s fertilizer plant for $234 million

SAO PAULO, BRAZIL: Petroleo Brasileiro SA (Petrobras), Latin America’s largest oil producer by market value, paid $234 million to acquire a fert ...

Read more
DSM completes acquisition of Fortitech

HEERLEN, THE NETHERLANDS: Royal DSM has completed the acquisition of Fortitech Inc. The transaction, for a total enterprise value of $634 million (abo ...

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