Lanxess AG announced on Dec. 31 that that it has sold off its stake in synthetic rubber joint venture Arlanxeo AG to 50–50 JV partner Saudi Arabian Oil Co., commonly known as Saudi Aramco. But despite the divestment, the German-based company has declared that its Japanese arm, Lanxess KK, will continue to carry out marketing and sales activities for synthetic...
Toyoda Gosei Co. Ltd. (TYO:7282) has announced that it will acquire a 100 percent stake in Pecval Industria Ltda., a Brazilian-based manufacturer of automotive interior and exterior parts, by December 2017. Pecval is currently a joint venture between Toyoda Gosei and Shimizu Industry Co. Ltd. Now, however, the two companies have agreed that Toyoda Gosei will acquire a full ownership...
Yokohama Rubber Co. Ltd. (TYO:5101) has completed its acquisition of Alliance Tire Group B.V. (ATG) effective July 1. ATG will be included in company’s consolidated accounts from the third quarter of FY 2016 (October – December). ATG is headquartered in Amsterdam, the Netherlands. Its main business is the manufacture and sale of tires for agricultural, forestry, industrial, and construction machinery....
Bridgestone Corp. (TYO:5108) subsidiary Bridgestone Europe NV/SA (BSEMEA) announced on May 30, 2016, that it would acquire Speedy France SAS, a leading car retail service company. Recent years have seen a string of overseas acquisitions by Japanese rubber companies, mainly tire manufacturers. With demand unlikely to grow domestically, Japanese companies are increasingly looking to expand their overseas business through corporate...
