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Sinochem Converts Loans to Equity in KraussMaffei Parent Firm
December 19, 2024
Sinochem converts 478 million euros in shareholder loans into equity for KraussMaffei's parent company, CNCE Lux, strengthening its capital structure and paving the way for future investments.
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European Tyre Industry Backs EU Deforestation Regulation
December 19, 2024
The European tyre and rubber industry welcomes the EU Parliament's vote on the EUDR, emphasizing the need for clear timelines and guidance for effective compliance. The sector will focus on enhancing supply chain mapping, supporting smallholders, and refi
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Yokohama Rubber Breaks Ground on 456 Mln Euro Tyre Plant in China
December 19, 2024
Yokohama Rubber begins construction on a new 456-million-euro passenger car tyre plant in Hangzhou, China, aiming for Q2 2026 production. The facility will focus on high-value tyres for EVs and the Chinese market, boosting capacity and supporting partners
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Michelin India Opens Two New Dealerships In Delhi-NCR
December 18, 2024
Michelin, the world’s leading tyre technology leader, has opened two new premium dealerships in the Delhi-NCR region in line with the company’s commitment to delivering unparalleled customer experiences and expanding its footprint in India.
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Evonik Restructures Management and Business Segments in Major Overhaul
December 17, 2024
Evonik is reorganizing its business structure into two segments: Custom Solutions and Advanced Technologies, with a focus on streamlining operations and driving growth. The company is also implementing a leaner management model and emphasizing sustainabil
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TyreSafe Collaborates With AUTOMOTIV8 For Vehicle Safety Awareness
December 17, 2024
TyreSafe, the UK’s charity dedicated to raising tyre safety awareness, has entered into a partnership with AUTOMOTIV8, an innovative consultancy led by industry veteran Mike Garwood, to enhance road safety and spread awareness among road users on the cr
