Goodyear forms global alliance with Sumitomo
Goodyear Tire Rubber, Akron, OH, received clearance from the European Commission for its global alliance with Japan’s Sumitomo Rubber Industries Ltd. This represents the third and final major regulatory clearance of Goodyear’s alliance with SRI. The alliance teams Goodyear and Dunlop. In the United States, the Hart Scott Rodino pre merger notification waiting period expired in March without action taken by either the Department of Justice or the Federal Trade Commission. Goodyear anticipates closing the transaction September 1.
After announcing its intention to enter the North American brake hose market, Freudenberg NOK, Plymouth, MI, has solidified its commitment by signing an agreement to enter into MMU Auto Components, an existing joint venture between Meiji Rubber Chemical, Ltd. and Mitsubishi, both of Japan. The Adidas Superstar New S35541 Unisex Black White Khaki Outlet Malaysia company, Flexitech, will supply brake hose and other hose assemblies for the North American market. Flexitech, which is 51% owned by Freudenberg NOK, 29.4% owned by Meiji and 19.6% owned by Mitsubishi, offers brake hose assemblies, as well as power steering, vacuum, oil cooler and automatic transmission hose assemblies. Current customers include Mitsubishi Motor Manufacturing of America, Honda of America and Subaru Isuzu Automotive. Sales in 1999 for the joint venture are expected to exceed $8 million.
Almost three years after introducing North America’s first total engine sealing program and two years after being awarded the industry’s first global total engine sealing program, Freudenberg NOK has signed a development agreement with Ford Motor, pioneering the supplier’s first total transmission sealing program. According to the company, the global Freudenberg and NOK Group would like to bring the benefits of the total sealing concept to a future Ford transmission. This total cost solution consists of factors such as reduced warranty, longer product life and single point supplier responsibility.
The Rhein Chemie (Qingdao) Ltd. plant opened July 3 in the northern Chinese seaport of Qingdao. The company is a joint venture between the German Rhein
Chemie and the Chinese Red Star Chemical Group, Cheap Adidas WM ADV Sandal EQT Men Navy Blue White Malaysia Qingdao/Shandong. Rhein Chemie’s parent company, Bayer, will retain a 90% share in the company via Bayer (China) Ltd. Red Star has been a subsidiary of Qingdao Kal Lian (Group) Ltd. since 1998, along with 27 other companies. There are six rubber processing companies in the group, including China’s second biggest tire manufacturer, Qingdao No. 2. The group as a whole achieved a turnover of $720 million last year.
Kraton Polymers, Houston, TX, a supplier of styrenic block copolymers, is working with Italian shoe sole compounder Franceschetti Elastomeri to offer efficiently produced compounds suitable for a variety of shoe soles. Rapra Technology Limited is said to be Europe’s leading independent plastics and rubber specialist, providing technical and information services for all industry sectors. Two Indian carbon black suppliers, Hi Tech Carbon and Philips Carbon Cheap Adidas Pure Boost BA8890 Men Black White Malaysia, representing 80% of India’s domestic industry, have also joined the IRSG’s Panel of Associates.
A novel, year old business government partnership is helping Continental General Tire, Charlotte, NC, and the state of North Carolina achieve important strategic objectives. The arrangement helps Continental General Tire optimize tire recycling and helps North Carolina rid its landfills of scrap tires. Boosted by a $Air Jordan 1 Retro High Royal GS 575441-007 Unisex Black Blue Malaysia Price.2 million state grant, Continental General Tire’s recycling program aims to increase recycled rubber content in its tires and assure a stable local supply of recycled rubber material. Grant money is designated for use over four years to subsidize intense research aimed at expanding recycled material usage. Northern Rubber is also supplying Nastech, Bennington, VT, with rubber coupling assemblies for the steering columns of the Isuzu Rodeo (Frontera in Europe) off road vehicle.
Wardwell Braiding Machine, Central Falls, RI, announced a manufacturing partnership with Cunegatti Costruzione Meccaniche, based in Milan, Italy. Cunegatti manufactures winders and unrolling systems.