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Contracts, licenses.


Akron, OH-based GenCorp Automotive will share its expertise in vehicle component manufacturing with Dongil Rubber Belt in the Republic of Korea as part of a technical assistance and license agreement. GenCorp will provide Dongil with assistance and training in manufacturing, quality, compound and tooling design, which Dongil will use to manufacture components at its plant in Yangsan for automotive manufacturers including Hyundai and Kia Motors “Kia” redirects here. For other uses, see KIA.

Kia Motors is South Korea's 2nd largest automobile manufacturer with headquarters in Yangjae-dong, Seocho-gu, Seoul, South Korea. Its CEO is Chung Eui-sun. The American arm is Kia Motors America.
. Dongil is an independent supplier of rubber components, including vehicle sealing parts, transmission belts and vibration isolation devices, to the automotive industry in Korea.

Goodyear will provide technology to South Korea's Hyundai Petrochemical for the design and operation of a new synthetic rubber production facility as part of a licensing agreement. Hyundai plans to invest $115 million to complete the plant, which will produce styrene sty·rene
n.
A colorless oily liquid from which polystyrenes, plastics, and synthetic rubber are produced. Also called vinylbenzene.
 butadiene rubber, butadiene rubber, nitrile rubber, vinyl pyridine pyridine (pĭr`ĭdēn) or azine (ăz`ēn), C5H5N, colorless, flammable, toxic liquid with a putrid odor. It melts at −42°C; and boils at 115.5°C;.  latex and solution styrene butadiene rubber. A related agreement allows Goodyear to purchase a portion of the plant's tire-grade rubber. The Dasean, South Korea plant is slated to open in mid-1995.

Oliver Rubber entered an agreement with McNeil & NRM NRM Natural Resources Management
NRM National Railway Museum (UK)
NRM Norman Rockwell Museum (Stockbridge, Massachusetts)
NRM National Resistance Movement (Uganda) 
 for the lease of all models of Orbitread equipment, which are programmable cold feed extruders. Both Oliver and McNeil & NRM are involved in the retread re·tread  
tr.v. re·tread·ed, re·tread·ing, re·treads
1. To fit (a worn automotive tire) with a new tread.

2.
 industry.

Under a technical and business agreement, REP and its affiliates around the world have become sole distributors for Sacomat's range of vacuum compression machines to the international market, except France, where Sacomat uses its own sales force. Located in Schambery, France, Sacomat's vacuum compression machines are primarily used for technical rubber molding and should complement REP's range of injection molding presses and technology.

Pacific Coast Retreaders, an Oakland, CA-based supplier of Long Mile retreading to the intermodal industry, has been awarded a 7,400 tire contract for radial intermodal retreading by Matson Shipping Lines, a container transporter. Matson will use the size 11R22.5 retreads on new chassis to be delivered later this year.

ECC (1) (Error-Correcting Code) A type of memory that corrects errors on the fly. See ECC memory.

(2) (Elliptic Curve Cryptography) A public key cryptography method that provides fast decryption and digital signature processing.
 International, Atlanta, GA, named D.H. Litter, a specialty chemical distributor based in Elmsford, NY, as exclusive distributor of its calcium carbonate calcium carbonate, CaCO3, white chemical compound that is the most common nonsiliceous mineral. It occurs in two crystal forms: calcite, which is hexagonal, and aragonite, which is rhombohedral.  products in 13 mid-Atlantic and northeastern states.

General Tire will supply the state of Tennessee with more than 2,400 XP2000 AS high performance police pursuit tires for use on state-owned law enforcement vehicles. Akron, OH-based General won the contract based upon competitive bidding Competitive bidding

A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell.


competitive bidding

1.
.
COPYRIGHT 1993 Lippincott & Peto, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:includes multiple briefs on rubber industry developments
Publication:Rubber World
Date:May 1, 1993
Words:384
Previous Article:Jobs & People. (includes multiple briefs of executive hirings in the rubber industry)
Next Article:Corporate, financial news. (includes multiple briefs on rubber industry developments)
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