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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.
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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
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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
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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
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World Cup Alpine Ski Racer Thomas Dreßen Appointed As Vredestein Brand Ambassador
November 09, 2024
Former German World Cup downhill and super-G ski racer Thomas Dreßen has been appointed as brand ambassador for Vredestein by Apollo Tyres Ltd. The company has already signed an agreement earlier this year for Vredestein to become the ‘Official Main Sp
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Bridgestone To Pump USD 85 Million In India To Expand Operations
November 08, 2024
The Japanese tyre major sees huge potential in the Indian premium passenger car tyre segment.
