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 ...

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 ...

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 ...

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 ...

Malmo, Sweden – Hexpol AB has seen a sharp decline in its second-half results, due mainly to lower demand in North America, ...

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.

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 ...

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 ...

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 ...

Shanghai, China – German machinery maker Netzsch and Chinese major Mesnac have signed a strategic cooperation agreement to advance technology development and global market expansion. The agreement was ...

Milan – Pirelli has launched an initiative to help tire dealers align with the company’s environmental, social and governance ...