HWL mulls tire venture
HONG KONG-Multinational conglomerate Hutchison Whampoa Ltd. is studying a project to establish a tire manufacturing joint venture in Qingdao, China, with Qingdao Huanghai Rubber Group and an unnamed Italian company.
Discussion are preliminary, said HWL, which is the holding company.
Tire recycler leases facility
GUTTENBERG, N.J.-Recovery Technologies Group Inc. has agreed to lease Rubber Technology International Inc.'s Los Angeles crumb rubber facility.
RTG has operated the plant on an interim basis since Feb. 26, and will take over permanently soon.