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CEAT Profit Falls 42% in Q2 Despite Revenue Surge
October 18, 2024
Tyre maker CEAT reported a 42% decline in consolidated profit after tax in the second quarter due to rising commodity prices. However, revenue surged on the back of strong growth in replacement and international markets. CEAT's revenue reached INR 33.04 b
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LANXESS Exits Polymer Business
October 17, 2024
LANXESS has agreed to sell its Urethane Systems business to UBE Corporation for €460 million. The deal will generate proceeds of around €500 million and allow LANXESS to exit its last remaining polymer business. UBE Corporation will take over all oper
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MTP SpA And Camfin Acquire Additional Pirelli Shares
October 17, 2024
Marco Tronchetti Provera & C. S.p.A. (MTP SpA), Camfin S.p.A., and Camfin Alternative Assets (CAA) have acquired a 2.5% stake in Pirelli and plan to increase their combined stake to a maximum of 29.9% over the next 24 months. This reinforces their role as
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Trelleborg Tires To Showcase New Products At EIMA
October 16, 2024
Trelleborg Tires will unveil its first Agriculture Rubber Track, the ART1000, at the EIMA exhibition in Italy. The company will also showcase a range of other products and services designed for modern farming, including the PneuTrac hybrid tyre, ATMS tech
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Linglong Tire Expands Social Media Presence In Germany And Europe
October 16, 2024
Linglong Tire expands its social media presence in Germany and Europe with new Instagram and Facebook channels. The channels will offer content on tyres, cars, mobility, and sports sponsorships. As part of its engagement efforts, Linglong Tire is raffling
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Pirelli Honours Top Suppliers At Annual Event
October 15, 2024
Pirelli Recognizes Top Suppliers at Annual Event: Sustainability, Innovation Take Center Stage. The company highlights partnerships focused on sustainability, innovation, competitiveness, and quality. Read about the award winners and Pirelli's goals for t
