Crain News Service report
QINGDAO, China (Aug. 5, 2014) — Chinese rubber machinery supplier Mesnac Co. Ltd. has acquired Fushun Yikesi New Material Co. Ltd., a Fushun City-based producer of synthetic rubber and resin products.
Financial details were not disclosed.
Mesnac said the acquisition marks a significant diversification into the field of high performance rubber and material technology. The firm is one of the world’s largest suppliers of tire manufacturing equipment.
Fushun Yikesi was established in 2009. Its product lines include refined petroleum C5 resin, piperylene, dicyclopentadiene and isoprene derivatives, including synthetic rubber.
“Mesnac’s vision of being able to provide a more comprehensive service to its global customers by offering both equipment and materials support is unique in the tire industry, but for Mesnac it is a natural growth from its science based heritage emanating from the Qingdau University of science and technology,” said Zheng Jiangjia, executive vice president of the Mesnac Group.
This report appeared on the website of Rubber & Plastics News, an Akron-based sister publication of Tire Business.
What is the top story from tire and automotive service industry in 2017?
|Icahn Automotive buys more than 225 retail and two other franchise groups with nearly 1,000 locations.||
36% (44 votes)
|Nokian and Triangle announce plans to build tire plants in North America, while Hankook and Giti officially open their N.A. plants.||
22% (27 votes)
|Love’s Travel Stops open 36 travel stops, acquire Speedco and the establish a retread business unit.||
11% (13 votes)
|Tire manufacturers hike prices as raw material prices fluctuate.||
17% (20 votes)
|K&M expands into New England by acquiring MotoStar.||
4% (5 votes)
|eBay Motors launches tire installation service for U.S, as well as automotive technician search service.||
10% (12 votes)
|Total votes: 121|