In a strategic move to advance its digital mobility services, Sumitomo Rubber Industries has finalised an agreement to acquire US-based AI startup Viaduct, Inc. for USD 104 million. This acquisition, signed on 27 August, is a direct result of a successful existing partnership and is designed to rapidly accelerate the global deployment of Sumitomo’s predictive maintenance solutions.

The collaboration centres on integrating Sumitomo’s proprietary SENSING CORE tyre sensing technology with Viaduct’s sophisticated artificial intelligence algorithms. This powerful combination will form the foundation of a new predictive maintenance service for corporate fleet vehicles in North America, scheduled to launch in October. The service is intended to minimise vehicle downtime and maintenance expenses by accurately forecasting the optimal time for parts replacement, thereby preventing breakdowns and enhancing operational safety and efficiency. The platform is also expected to expand into streamlining parts ordering and providing automated work instructions.

Headquartered in Silicon Valley, Viaduct brings proven expertise in analysing large-scale data from vehicles and manufacturing environments to detect anomalies and diagnose their root causes. While the company has a strong history with major automotive clients, its versatile AI technology offers potential for expansion into other industrial sectors.

This acquisition represents a critical step in Sumitomo Rubber’s broader ‘SMART TYRE CONCEPT’, which aims to address the evolving demands of next-generation mobility, including connected and autonomous vehicles. The company envisions developing its SENSING CORE-based services into a fourth core business pillar, alongside its established tyre, sports and industrial product divisions. With a focus on autonomous driving and fleet management, Sumitomo Rubber has set a target of generating over JPY 10 billion in operating profit from this new business segment by 2030.

Satoru Yamamoto, President and CEO, Sumitomo Rubber Industries, said, “As we prepare for the coming era of autonomous driving, we are delighted to have found a trusted partner in Viaduct to help expand our SENSING CORE services, which are highly compatible with next-generation vehicles. This is one of the key strategies to accelerate the achievement of the SENSING CORE business concept outlined in our long-term corporate strategy R.I.S.E. 2035 released in this March. Through deeper collaboration, we aim to create innovative services that go beyond mobility.”

David Hallac, CEO, Viaduct, Inc., said, “We are thrilled to join the Sumitomo Group under Sumitomo Rubber, a trusted partner we have been collaborating with for years. This acquisition not only accelerates our momentum but also gives us the scale and reach to bring AI-driven transformation to more customers around the world. When I had the opportunity in April to visit and learn more about the Sumitomo Group, I was deeply impressed by the integrity, long-term vision and commitment to excellence that define their culture. I felt an immediate affinity between those values and the way we operate at Viaduct, and I’m excited for the future impact we can create together.”

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Bridgestone has confirmed a January 2026 launch for its new premium sports motorcycle tyre, the BATTLAX RACING STREET RS12, in North America. Developed under the concept ‘From Circuit to Street,’ this road-legal tyre is engineered to deliver the highest level of dry grip within the BATTLAX lineup by directly incorporating technologies refined in competitive racing.

The RS12 features a specialised compound derived from race tyre development, which works in concert with a newly designed tread pattern. This pattern’s optimised groove ratio enhances overall tyre rigidity and increases the contact area during cornering for superior grip. A significant innovation for the front tyre is the introduction of the HE-MS BELT structure, a technology previously reserved for top-tier global motorcycle races. This flexible belt system equalises contact pressure to provide a further boost in traction.

By integrating these endurance-racing technologies, the RS12 achieves comprehensive performance improvements on the circuit, with a primary focus on dry conditions. The result is a notable reduction in lap times compared to its predecessor, the RS11. Furthermore, the synergistic combination of its compound, pattern and structure ensures that the high grip level is consistently maintained over multiple laps, resisting performance degradation. This gives riders confidence and a more engaging experience across diverse riding scenarios, from aggressive sport riding on dry pavement to tackling winding roads and dedicated track days.

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 India's Rubber Board has donated floor cleaning equipment valued at Rs 10 lakh to Kottayam Medical College as part of the Central Government's cleanliness initiative.

The equipment, comprising a scrubber dryer floor cleaning machine and a vacuum cleaner, was handed over at a ceremony held at the medical college on Sunday.

M Vasanthagesan IRS, Executive Director of the Rubber Board, presented the equipment at a meeting presided over by V N Vasavan, Kerala's Minister for Co-operation, Ports and Devaswom.

The event, conducted under the Centre's 'Swachhata Action Plan', also recognised cleaning workers at the medical college.

Dr Varghese Punnoose, Principal of Kottayam Medical College, Dr T K Jayakumar, Superintendent of the institution, and Dr Binoi K Kurien, Secretary in-charge of the Rubber Board, addressed the gathering.

The Rubber Board, a statutory body under the Ministry of Commerce and Industry, oversees development and regulation of India's rubber industry.

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Apollo Tyres’ Chennai Plant has formalised a multi-institutional partnership through a Memorandum of Understanding (MoU) with five esteemed engineering colleges from Kerala, Odisha and Tamil Nadu. This strategic alliance is designed to fortify the nexus between industry and academia, with a focused objective of developing a robust, industry-ready talent pool to meet future sector demands. The collaboration represents a significant investment in the human capital pipeline, directly linking academic output with corporate needs.

The collaborating institutions in this forward-looking initiative are SASTRA University, SRM TRP Engineering College, JJ College Of Engineering & Technology, Ma'din Academy and Nilachal Polytechnic. The partnership’s framework encompasses a comprehensive suite of initiatives aimed at mutual development. For students, it provides a structured pathway to employment, including placement assurances during their final year and enhanced campus hiring opportunities. To bridge theoretical knowledge with practical application, the programme will facilitate organised industry visits to Apollo’s manufacturing facility, offering students firsthand exposure to modern production processes. Complementing this, a series of expert-led sessions, technical lectures and seminars will be delivered by in-house professionals from Apollo Tyres, ensuring the curriculum remains aligned with evolving industry practices.

This symbiotic engagement yields significant strategic benefits for all stakeholders. Students gain invaluable industry awareness and confidence, while academic institutions enhance their curriculum's practical relevance. For Apollo Tyres, the initiative enables the early identification and nurturing of prospective talent, effectively streamlining recruitment and fostering a positive perception of manufacturing careers.

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German chemicals group Wacker Chemie lowered its full-year outlook after third-quarter profit fell by nearly a quarter, hit by weak demand and intense competition from China.

The Munich-based company, which makes silicones and polysilicon for semiconductors and solar panels, reported earnings before interest, tax, depreciation and amortisation (EBITDA) of 112 million euros ($121.6 million) for the July-September period, down 23 percent from 145 million euros a year earlier.

Sales fell 6 percent to 1.34 billion euros from 1.43 billion euros, weighed down by lower prices and unfavourable currency effects.

The results were broadly in line with analyst expectations, which had forecast sales of 1.37 billion euros and EBITDA of 101 million euros, according to Vara Research.

Wacker swung to an operating loss of 20 million euros in the quarter, from a profit of 30 million euros a year ago, whilst net income turned negative to 82 million euros, compared with a profit of 34 million euros.

“The chemical industry is under pressure – worldwide, but in Europe in particular. The economic situation is tense, and market demand is weak. At the same time, the market environment is changing, and competitive pressure is high – especially from China. And this is something that we are experiencing at WACKER as well,” Chief Executive Christian Hartel said.

“Like many other companies, we had to lower our full-year forecast in the middle of this year. Even though we closed Q3 in line with market expectations, sales and earnings were again down year on year in almost all business divisions,” he said.

Wacker launched a comprehensive cost-cutting programme in October aimed at achieving significant savings in production and administration, with implementation planned to begin in the first quarter of 2026.

The company now expects full-year sales at the lower end of its previously forecast range of 5.5 billion to 5.9 billion euros, with EBITDA in the lower half of its 500 million to 700 million euro range. It also anticipates a negative net result for the year, significantly below the previous year.

The company’s silicones division, its most significant business, saw sales decline 7 percent to 673 million euros, whilst EBITDA fell 19 percent to 86 million euros. The polysilicon unit, which serves both solar and semiconductor markets, reported a 40 percent drop in EBITDA to 18 million euros, as low prices and exchange-rate effects offset strong hyperpure polysilicon performance in semiconductors.

Wacker’s workforce declined to 16,616 employees at the end of September from 16,724 three months earlier.

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