News from Notch Consulting, Inc.

June 27, 2017

Michelin to upgrade Scottish tire plant

Filed under: Tires — Notch @ 12:41 pm

Michelin, with the backing of the Scottish government, plans to invest $21 million in its factory in Dundee to upgrade the plant for larger-sized tires and to reduce its environmental impact.

Included in the equipment upgrade will be the installation of electric curing technology, which will help make the site more efficient and expand the range of tires it is capable of manufacturing.

Read more here.

European Commission approves acquisition of Huber Silica by Evonik, subject to conditions

Filed under: Silica — Notch @ 12:06 pm

Brussels, 22 June 2017

The European Commission has approved under the EU Merger Regulation Evonik’s acquisition of Huber Silica. The decision is conditional on the divestment of some of both companies’ activities related to precipitated silica, a chemical used in tires, toothpaste, defoamers, paints and coatings.

JM Huber Corp. is among the largest privately held companies in the United States, a global company with approximately 4,000 employees in more than 20 countries, with a broad product portfolio ranging from specialty chemicals to the forestry sector.

Based in Germany, Evonik is a global specialty chemical company that’s active in more than 100 countries with 33,500 employees and nearly $14.2 billion in sales. The firm said it has a leading position as a supplier of silica for tire manufacturers and the paint and coatings industry. Evonik’s silica products also are being applied as flow additives and carriers for the manufacture of foodstuffs, cosmetics, pharmaceuticals and silicones.

Read the full European Commission press release here.

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