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NEW YORK - Private equity firm Warburg Pincus L.L.C. and Yogesh Mahansaria, former CEO of India-based Balkrishna Tyres, have completed a USD 150 million deal to buy majority control of Israel´s Alliance Tire Co. (1992) Ltd.

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Since 1 July 2007, Cognis’ Process Chemicals business unit trades as an independent company under the new name of Pulcra Chemicals GmbH.

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Source: Vietnam News Agency, Hanoi; 11 July 2007

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The trading of regional futures contracts for polypropylene and linear low density polyethylene began trading on the London Metal Exchange (LME).

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FINDLAY, Ohio - Cooper Tire & Rubber Co. has named Curtis Schneekloth investor relations director, replacing Roger Hendriksen, who left in June for another opportunity.

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Apollo Management's Hexion Specialty Chemicals has raised its offer for Huntsman Corp by USD 0.75 a share on Sunday night to USD 28 a share.

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AKRON: A proposed $125 million investment in Goodyear´s Gadsden, Ala., plant received local tax abatement approval, though the company has not formally decided to go ahead with the investment.

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NEWARK, New Jersey - Plaintiffs´ attorneys are seeking class action status against a Chinese tire maker, U.S. importer and several other tire makers involved in a 450,000-tire recall.

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Adrian, Michigan - Wacker Chemical Corp. named Ingo Kovar president and CEO and announced Levi J. Cottington IV would take his place as vice president, business unit elastomers.

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NASHVILLE, Tennessee - Bridgestone Firestone Latin American Tire Operations has made two changes to president positions within the unit, effective Aug. 1.

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