Hankook & Company Group Acquires Hanon Systems
- November 12, 2024
Hankook & Company Group (previously Hankook Tire Group) signed share purchase agreements (SPA) with Hahn & Company on 31 October to acquire Hanon Systems, a leading manufacturer of automotive components and one of the world’s largest suppliers of vehicl
Continental Tire To Continue Sponsorship Of National Safety Council’s ‘Alive at 25’ Initiative
- November 11, 2024
Continental Tire has announced the continuation of its sponsorship of the ‘Alive at 25’ programme, an initiative by the National Safety Council Southeastern Chapter.
Orion Reports Q3 Loss, Fraud Hits Earnings
- November 11, 2024
Orion S.A. reported a net loss in Q3 2024 due to a significant fraud incident. Despite this, the company's adjusted EBITDA increased year-over-year. Orion has revised its full-year guidance and remains focused on its core business segments.
Trinseo Reports Q3 Loss, Restructuring Efforts Continue
- November 11, 2024
Trinseo reported a net loss in Q3 2024 due to restructuring costs. However, adjusted EBITDA increased year-over-year. The company's Engineered Materials and Latex Binders segments performed well, while the Polystyrene segment faced challenges. Trinseo for
Astute Analytica Projects Japan Tyre Market To Hit Valuation Of USD 33.59 Billion By 2032
- November 11, 2024
Astute Analytica, a global analytics and advisory company, has said in its latest report that the Japan tyre market is projected to hit market valuation of USD 33.59 billion by 2032, up from USD 14.78 billion in 2023, at a CAGR of 9.74 percent by the year
Sumitomo Rubber to Close US Plant, Books Significant Loss
- November 11, 2024
Sumitomo Rubber Industries has decided to shut down its US subsidiary, SRUSA, due to persistent profitability challenges. The company will shift R&D operations to SRI America and continue its sales operations in North America. This decision aligns with Su
