Frankfurt, Germany – The German chemicals industry is grappling with a worsening downturn, marked by faltering demand, cost pressures and long-standing structural issues, according to the latest ...

Hiratsuka, Japan – Yokohama Rubber Co. (YRC) has acquired the remaining 22.98% stake in its Chinese conveyor belt joint venture, Shandong Yokohama Rubber Industrial Products Co., Ltd. (YRSC), making ...

Mumbai, India – Ceat Ltd expects to deliver double-digit revenue growth in its current fiscal year (started 1 April), supported by local demand from India and a recovery in Europe.

Shanghai, China – Aeolus Tire is planning to raise up to Yuan 1.1 billion (€130 million) in an A-share issuance to specific investors to fund its ongoing giant off-the-road (OTR) tire project, the ...

For the first half of the year, demand fell to 5.57 million unit, down 1.9% compared to the same period last year, ACEA reported 24 July. The strong 7.3% decline for June was “indicative of the ...

Paris – French biotech company Carbios has signed a multi-year agreement to supply enzymatically recycled PET (rPET) monomers to Indorama Ventures to produce polyester for use in Michelin’s tire ...

Zibo, China – Chinese silicones manufacturer Shandong Dongyue Organosilicon Materials Co. has confirmed a fire on 20 July in its “Phase III synthesis line, bed B”, which it said is part of its ...

The RUB41.5 billion (€450 million) facility will be located in the ‘Avangard’ special economic zone, as reported during a 9 July meeting between deputy economic development minister Svyatoslav Sorokin ...

Munich, Germany – Wacker Chemie AG has lowered its full-year outlook due to ongoing macroeconomic and geopolitical uncertainty, which it says has resulted in weak demand in many segments.

Nokia, Finland – Nokian Tyres plc has reported a strong first half, driven by higher sales, pricing, and cost-cutting. Sales for the second quarter rose 5.8% year-on-year – 6.9% with comparable ...

Trelleborg, Sweden – Trelleborg Group has reported a slight decline in second-quarter sales and earnings, amid “continued uncertainty” driven by global geopolitical tensions and unclear future ...

As previously announced by Chinese state-owned CNPC, the SSBR unit mainly produces solution-polymerised styrene butadiene rubber, along with a small amount of low-cis polybutadiene rubber. The unit ...