The International Rubber Study Group (IRSG) introduced its new Secretary General, Professor Joseph Adelegan, today. Professor Adelegan officially took up the post of Secretary General on 1 December, 2022.

IRSG claims that Professor Adelegan is a C-Suite Executive and an international development expert. He is also a professor of Practice of Environmental Science and Engineering, and a practitioner-scholar in management, with over three decades of professional trajectory across 20 African countries, Europe and the United States. According to IRSG, his work experience spans several organisations, including the United Nations, development finance institutions, international organisations, government, non-governmental organisations, education, innovation and research institutions, among others.

He has extensive experience in the sustainable investment, disruptive innovation and circular economy of the elastomer products. IRSG states that he has held senior roles at the United Nations as the team lead for the Global Circular Economy Program of the United Nations Technology Innovation Lab at the first European Lab in Finland, and as a Senior Advisor at the United Nations Office of Project Services in Denmark.

Professor Adelegan was the Division Chief at the Office of the Vice President of the ECOWAS Bank for Investment and Development, an international development financial institution established by ECOWAS Treaty and covering 15 ECOWAS countries. As per IRSG, he was a representative of Africa and the Middle East at the Climate Investment Trust Fund at the World Bank, Washington DC, United States. His portfolio has included programs and projects funded by the European Union, World Bank, Green Climate Fund, Climate Investment Fund, African Development Bank, ECOWAS, African Union, NEPAD Agency, Foreign and Commonwealth Development Office (FCDO), Australian Aid, several United Nations agencies and funds among others.

IRSG claims that Professor Adelegan has held several board appointments, created strategic partnerships and mobilised resources from development agencies, development finance institutions and several donor agencies. He was a member of the World Economic Forum Global Agenda Council, Geneva, Switzerland and Non-Executive Director of the European Sustainable Development Organization, among others. 

Plus, according to IRSG, he was a professor of Environmental Science and Engineering at Universities in Africa, Europe and North America. He was a Professor of the Practice of Civil and Environmental Engineering at the University of Venda, South Africa. IRSG states that he is also a visiting professor of Water and Energy Engineering at the Pan African University, Institute of Water and Energy Sciences (including Climate Change), Tlemcen, Algeria, established by the African Union. He was a visiting professor of Environmental Management at the Commonwealth University, London, United Kingdom as well. As per IRSG, he is a professor of Environmental Leadership at the Missional University, North Augusta, South Carolina, United States.

Furthermore, Professor Adelegan is a recipient of several global awards. These include the 2006 Young Global Leader of the World Economic Forum, Geneva, Switzerland; recognition in 2007 as an Inventor Social Entrepreneur and Ashoka-Lemelson Fellow by the Ashoka Innovators for the Public and the Lemelson Foundation based in the United States; 2009 Technology Pioneer of the World Economic Forum, Geneva, Switzerland; 2009 Technology Award Laureate and Prize Recipient of the Technology Museum of Innovation, San Jose, California, United States; 2010 Member of the Crans Montana Forum of New Leaders of Tomorrow, Geneva, Switzerland and 2010 Member of the Clinton Global Initiative, New York, United States, among others.

IRSG claims that he is in high demand as a regular speaker at international conferences in Africa, Asia, Europe, South America, North America and Australia. He has made appearance in CNN as 2008 Principal Voices on the ‘Economics of Energy’ by CNN in association with Shell, Times and Fortune Magazine. According to IRSG, he has travelled to over 120 countries in this regard. Besides, he has written over 30 publications on several topical issues.

As for his qualifications, IRSG states that Professor Adelegan earned two Doctorate Degrees. He earned a Doctor of Business Administration (DBA) from the Case Western Reserve University, Cleveland, Ohio, United States. He also gained a Doctor of Philosophy (PhD) in Civil and Environmental Engineering from the Nigerian Premier University of Ibadan, as per IRSG. He is an alumnus of a number of executive programs, including the United Nations University, Tokyo, Japan; the University of California, Berkeley, United States; Santa Clara University, Santa Clara, California, United States; John F Kennedy School of Government and the Harvard Business School, Harvard University, United States, among others.

IRSG claims that Professor Adelegan is a seasoned and rounded professional with broad experience and extensive global networks. He will be building strategic partnerships and provide intellectual leadership to position IRSG as the knowledge hub and repository centre for the world rubber industry.

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MAXAM is set to showcase its advanced agricultural tyre solutions at Agritechnica 2025 in Hannover from 9 to 15 November. Visitors can find the company at Stand A04 in Hall 20, where the exhibition theme ‘More Pull. Less Fuel’ will guide the presentation. This philosophy underscores the company's dedication to developing tyres that enhance operational efficiency and contribute to more sustainable farming practices by reducing fuel consumption and soil compaction. The event provides a significant opportunity for MAXAM to demonstrate its commitment to innovation and the expansion of its product portfolio.

On display will be a range of DLG-awarded tyres, including robust models for high-horsepower tractors and versatile options for specialised implements, illustrating the company's technical breadth. Beyond presenting products, MAXAM considers the trade fair a vital meeting point for industry collaboration. It serves as a platform for direct engagement with farmers, partners and machine manufacturers, whose feedback provides invaluable, real-world insights that directly influence the future direction of product and service development, ensuring they remain precisely aligned with evolving market needs.

As a part of SAILUN Group, one of the 10 largest tyre manufacturers in the world, MAXAM leverages its extensive international presence and collaborative research initiatives to drive continuous innovation. The company is dedicated to advancing agricultural tyre technology, creating sophisticated solutions that directly address the evolving demands of modern farming. This focus encompasses critical areas such as enhanced sustainability, improved cost-efficiency and superior field performance.

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Radar Tires has expanded its US distribution network with the opening of two new domestic distribution centres in Knoxville, Tennessee, and Parkesburg, Pennsylvania, as part of efforts to strengthen product accessibility and service reliability for its growing customer base.

The expansion increases the brand’s domestic distribution centres from one to three. It aims to improve delivery efficiency and inventory availability across key regions, particularly in the Southeast and Northeast of the United States.

“Stocking domestic tyre inventory is a key part of the Radar strategy going forward,” said Rob Montasser, Vice President of Sales for Radar Tires, USA. “It ensures our distributors and retailers have easy access to the products that their customers need, without the long lead times or supply chain uncertainty. These new locations allow us to be faster, more flexible, and more dependable.”

The company said the additional facilities will reduce delivery times and ensure that its core product range remains readily available to meet rising market demand.

With existing operations in Texas, the addition of centres in Tennessee and Pennsylvania underscores Radar Tires’ long-term strategy to enhance supply chain responsiveness and reinforce its position as one of the most customer-focused distribution networks in the tyre industry.

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Cabot Corporation reported lower quarterly earnings, as weaker demand in its Reinforcement Materials segment and softer volumes in Performance Chemicals weighed on results. However, the company ended fiscal 2025 with solid cash flow and continued shareholder returns.

For the fourth quarter ended 30 September, Cabot posted net income of USD 43 million, or USD 0.79 per share, compared with USD 137 million, or USD 2.43 per share, in the same period a year earlier.

Full-year diluted earnings per share were USD 6.02, while adjusted earnings per share rose 3 percent year-on-year to USD 7.25.

“I am very pleased with another strong year of Adjusted EPS growth where we achieved USD 7.25, up 3 percent year over year, in a year with a challenging macroeconomic backdrop,” said Sean Keohane, Cabot’s President and Chief Executive Officer. “This performance was driven by higher EBIT in our Performance Chemicals segment, which increased 18 percent year over year, partially offset by EBIT in our Reinforcement Materials segment, which declined 5 percent.”

Cabot’s revenue for the quarter fell to USD 899 million from USD 1.0 billion a year earlier, while full-year sales declined to USD 3.7 billion from USD 4.0 billion.

The Boston-based speciality chemicals manufacturer said fourth-quarter cash flow from operations totalled USD 219 million, enabling USD 64 million in shareholder returns through dividends and share buybacks. For the full fiscal year, Cabot generated USD 665 million in operating cash flow, funding USD 274 million in capital investments, USD 96 million in dividend payments and USD 168 million in share repurchases.

Keohane said the company’s balance sheet remained strong, with a net debt-to-EBITDA ratio of 1.2 times, providing flexibility to invest in growth while continuing to return capital to shareholders.

The company’s Reinforcement Materials segment reported a USD 4 million decline in EBIT from the prior-year quarter, reflecting lower volumes in the Americas and Asia Pacific, partly offset by cost efficiencies. Global volumes fell 5 percent, including a 7 percent drop in the Americas, where lower tyre production by customers was attributed to increased Asian tyre imports.

Performance Chemicals EBIT decreased USD 2 million year-over-year, mainly due to a 5 percent drop in volumes led by weaker demand in Europe, particularly from construction-related applications.

Cabot ended the quarter with  percent 258 million in cash and spent percent 64 million on capital expenditures. The company recorded a 55 percent effective tax rate in the fourth quarter and an operating tax rate of 27 percent for fiscal 2025.

Looking ahead, Keohane cautioned that market conditions remain challenging, particularly in the Reinforcement Materials sector. “We do not yet see signs of improvement in the external environment, particularly as it relates to regional demand trends in Reinforcement Materials due to the impact of elevated Asian tire imports into western regions,” he said.

The company anticipates improvement in Performance Chemicals, led by growth in battery materials and infrastructure-related applications, while maintaining strong cash flow to support investment and shareholder returns.

“While market conditions remain challenging, we continue to execute on our foundation of commercial and operational excellence, and we remain focused on managing costs, strengthening operations, and positioning the company for long-term growth,” Keohane said.

In fiscal 2025, Cabot also announced an agreement to acquire Bridgestone Corporation’s reinforcing carbons plant in Mexico and released its 2024 Sustainability Report, noting it had achieved 11 of its 15 sustainability goals ahead of schedule and established new 2030 targets.

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The German Rubber Industry Association (wdk) has responded positively to the 'Berlin Declaration’, characterising it as an essential and long-awaited political signal. From the wdk's perspective, the declaration represents a crucial commitment from the ‘Friends of Industry’ to bolster the manufacturing sector, which is fundamental to preserving Germany's industrial core and the multitude of upstream and downstream jobs it sustains. The association's Managing Director, Boris Engelhardt, emphasised that this initiative correctly identifies the urgent need for Europe to recognise and champion industrial value creation.

The wdk finds it particularly significant that the impetus for this declaration originated from a coalition of 17 member states, a fact that underscores a shared political priority independent of the EU Commission's agenda. While the declaration's broad framework allows for various interpretations, the wdk has identified the reduction of bureaucratic burdens as its paramount objective. On this specific point, the association reports being in complete alignment with Federal Minister for Economic Affairs Katherina Reiche. The wdk now asserts that the true measure of the declaration's success will lie in its translation from a political statement into actionable policy, urging the addressed EU institutions to move beyond acknowledgment and proceed with swift and decisive implementation.

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