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Shortfall In Tyre Statistics Highlights Need for Reliable Data: German Rubber Industry Association
October 21, 2024
The German Rubber Industry Association (wdk) has identified a significant shortfall in used tyre statistics in Germany, raising concerns about data accuracy and potential illegal exports. Despite the trend towards recycling, disposal companies and recycle
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ISP Urges EU to Prioritise In-Vehicle Data Legislation for Fair Competition and Innovation
October 19, 2024
The Coalition of Independent Service Providers (ISP) has called upon the European Commission to prioritize legislation on access to in-vehicle data. The coalition argues that this legislation is crucial for fostering innovation, promoting fair competition
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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
