DSM Elastomers business of the purchase price of approximately 6 times the expected rate of its 2010 profit before tax, depreciation and amortization (EBITDA). The acquisition will spend LANXESS Group's existing liquidity, projected 2011 earnings per share during the year will achieve added value.
DSM and the Netherlands once the employee representative Truck Tyre consultation agreement, the acquisition will ultimately determine the terms of the contract. The acquisition will be submitted to examination and approval of the relevant anti-monopoly, is expected to be completed in early 2011.
Lanxess CEO Heitmann said: "We look forward to the field from the DSM EPDM professional team Jiaru Lang Sheng, want them to be our core business of synthetic rubber, a valuable asset. The acquisition will also achieve LANXESS 2015 within the scope of normal business income tax profit before depreciation and amortization (EBITDA pre exceptionals) of EUR 1.4 OTR Tyre billion in the ambitious target has taken an important step. "
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October 13, a total investment of 1.2 billion Swiss Rubber Co., Ltd. Anhui large annual output of 1.5 million high-performance all-steel radial truck tires, in the three mountain Economic Development Zone, Wuhu City, construction, filled the city in tire Truck Tyre manufacturing blank. In recent years, with the rapid development of Chery Automobile, the combined effect of its formation has attracted more than 400 domestic and foreign auto parts manufacturers located in Wuhu City, the automobile industry chain is constantly spreading OTR Tyre.
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May 2010, formally joined Techking ETRTO, the European tire and rim technology organization.
In view of the tire for the crucial contribution of road transport safety, the European Tyre and Rim Technical organization is committed to work with countries and international organizations and legislative bodies to make reasonable use of tire recommendation. Truck Tyre Techking great honor to be a member of the organization, hoping to make a greater contribution to the tire industry.
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"In recent years, structural changes in aircraft tire market, the demand for radial aircraft tires will continue to increase." Global general manager of Goodyear Aerospace Corporation, said Truck Tyre, "So we take precautions, was launched in 2008 a major radial aircraft tire production line expansion project. the project completed in the first quarter of 2011, OTR Tyrewhen our radial aircraft tire production capacity will double, fully able to meet civil aviation, military aircraft and business jet customers lightweight radial tire needs. "
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With crude oil, rubber prices are rising, energy-saving environmental protection has become an important issue facing the development of enterprises.
It is predicted that the consumption of natural Truck Tyre rubber in 2010 will reach 313,000 tons, the current price is $ 3.6 per kilogram; As of 2011, the price of natural rubber will rise to $ 4.4 per kilogram; 2012, an estimated $ 4.6 per kg . In addition, compared with 2009, 2015, worldwide sales of passenger cars and medium-sized truck tires are expected to grow by 20% and 50%.
In this regard, reducing energy consumption and cost the tire maker has become a major way to solve the problem. It is reported that the Japanese tire maker Bridgestone Corporation which is developing a new technology, the technology will not affect the quality and performance tires on the basis of significantly lower production of natural rubber and synthetic rubber OTR Tyre consumption is expected to the next 10 years to make the total rubber consumption by 50%.
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The next 3 years, the auto industry these materials will also be required to continue to grow 9.2% annually, the market demand in 2013 will reach 56.2 OTC Tyre billion U.S. dollars. Among them, the engineering plastics market value of about 18.5 billion U.S. dollars, general demand of about 17.1 billion resin, thermoplastic resin demand of about 106 billion U.S. dollars, about 7.9 billion synthetic rubber, rubber elastic body about 21 billion U.S. dollars. 2009 global vehicle resin and rubber consumption was 8.506 million tons. The auto parts widely Truck Tyre used both inside and outside about 40% of polypropylene resin, polyamide resin, about 8.8%, ABS, 7.2%, 6.7% of thermosetting polyurethane, polyethylene, 5.3%, other 32%.
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"In recent years, structural changes in aircraft tire market, the demand for radial aircraft tires will continue to increase." Global general manager of Goodyear Aerospace Corporation, said, "So we take precautions, was launched in 2008 a major radial Truck Tyre aircraft tire production line expansion project. the project completed in the first quarter of 2011, when our radial aircraft tire production capacity will double, fully able to meet civil aviation, military aircraft and business jet customers lightweight radial tire needs. "
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