Australia: Green Distillation Technologies (GDT) in the Australian city of Melbourne has announced the construction of an AUS$ 8.5 million (US$ 6.2 million) tyre recycling plant on the nearby island of Tasmania. The site at Longford will treat an estimated 658 000 car and truck tyres every year once operations commence next summer. Construction of the plant is expected to start around November this year.
QUINCY, Ill.—Titan International Inc. is exploring plans to expand a wheel plant in Turkey and establish wheel manufacturing capacity in Brazil to accompany its existing tire business there, Titan CEO and Chairman Maurice “Morry” Taylor said during the company’s second quarter earnings presentation.
Taylor did not elaborate on Titan’s plans for either potential project, other than to mention in a Q&A session with financial analysts that Titan has signed a confidentially agreement in Brazil covering a potential acquisition.
QUINCY, Ill. (July 31, 2015) — Titan International Inc. is exploring plans to expand a wheel plant in Turkey and establish wheel manufacturing capacity in Brazil to accompany its existing tire business there, Titan CEO and Chairman Maurice Taylor said during the company’s second quarter earnings presentation.
Mr. Taylor did not elaborate on Titan’s plans for either potential project, other than to mention in a Q&A session with financial analysts that Titan has signed a confidentially agreement in Brazil covering a potential acquisition.
Malaysian investor Petra Group has announced it will invest ?12 million to create a rubber recycling manufacturing facility in the North of England, creating 90 jobs.
The announcement was made as part of a first Northern Powerhouse trade mission, which saw prime minister David Cameron and business secretary Sajod Javid lead 62 companies from Northern England to Singapore and Malaysia.
Tyres are abundant, have relatively short life cycles and are a very difficult product to deal with at the end of their usage period. Estimates suggest that over 55 million tyres are currently disposed of every year in the UK, entering the waste stream. 32% of those are turned into powder, while 25% are burned to produce energy – not the highest value opportunities in terms of materials or energy. Fortunately, a new research project, taking place at Imperial College London and including collaborators Iceland Tyres, JW Froehlich, EWD Recycling and HSSMi, may have a technological answer to maximise tyre value at end of life.
