Synthomer, a global chemical manufacturer, has agreed to acquire Eastman Chemical Company's adhesive resins business (Adhesive Technologies) – which develops, manufactures and sells tackifying resins and additives for adhesive products with a high focus on hygiene, packaging and high-performance tyre additives – for USD one billion in cash.

With this acquisition, Synthomer aims to acquire Eastman's well-invested assets with its leading position in adhesives. Eastman has six manufacturing plants and a strong R&D record that can aid Synthomer's diversity in its portfolio. It also exposes Synthomer to attractive end-markets with resilient and gross domestic product plus (GDP+) growth fundamentals. Synthomer claims that the acquisition is in line with the company's sustainability roadmap.

To raise USD one billion in cash, the company will be allotting new shares to raise about USD 275 million along with drawing under a new USD 300 million debt facility. The acquisition is expected to be completed by Q1 2022. 

Caroline Johnstone, Chair, Synthomer, said, "This acquisition is another important strategic step for Synthomer. It builds on the significant portfolio and geographic expansion gained from acquiring OMNOVA last year and adds an exciting new platform for growth. Adhesive Technologies' global positioning, market leading technology with a strong focus on attractive end markets such as hygiene, packaging and high performance tyre additives are highly complementary to our existing business. Together with Synthomer's incoming CEO Michael Willome, who has been closely involved and who has fully endorsed this transaction, I look forward to welcoming Adhesive Technologies' colleagues to the company and working together to deliver on the exciting potential that the combination of our two businesses undoubtedly brings." (TT)

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Michelin has expanded its retail footprint in North India by inaugurating two Michelin Tyres & Services (MTS) outlets, located in Amritsar and Panchkula. The Amritsar location operates through a partnership with National Auto, while the Panchkula facility is a collaboration with Universal Tyres. This development underscores the French tyre giant’s strategy to place its globally recognised products and services within closer reach of consumers in a rapidly developing automotive market.

Each of the new establishments spans 5,000 square feet, situated strategically on Loharka Road and within Panchkula’s Industrial Area. Designed as modern service hubs, they provide a full spectrum of offerings, ranging from passenger car and two-wheeler tyres to advanced wheel alignment and mechanical maintenance. The stores stock renowned product lines such as the Primacy, Pilot Sport and Latitude Sport series, aiming to deliver a premium and seamless experience for vehicle owners.

The selection of Amritsar and Panchkula reflects Michelin’s assessment of their growth potential, driven by tourism, infrastructure projects and a rising number of private vehicle owners. To capitalise on these opportunities, Michelin has aligned with established regional players. National Auto, a trusted entity in Amritsar since 1927, brings a long-standing reputation for quality service, while Universal Tyres contributes over three decades of technical expertise and market knowledge in the Panchkula region.

These partnerships are central to Michelin’s broader objective of delivering superior mobility solutions rooted in safety and durability. By combining its own technological leadership with the local acumen of its partners, the company aims to strengthen its service ecosystem and cater to the evolving demands of the northern Indian automotive sector.

Shantanu Deshpande, Managing Director, Michelin India, said, “North India continues to be a key market in Michelin's growth journey, supported by rising vehicle ownership, improving road infrastructure and growing demand for premium mobility solutions. The launch of our new Michelin Tyres & Services Stores in Amritsar and Panchkula marks another important step in strengthening our retail presence and bringing Michelin's globally benchmarked products and services closer to customers across the region. As we prepare to introduce Made-in-India passenger car tyres, we remain focused on delivering solutions tailored to the evolving needs of Indian consumers.”

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Tyres Europe has issued a formal call for the Industrial Accelerator Act to be revised, urging policymakers to grant greater recognition to the tyre sector’s strategic importance within the continent’s automotive ecosystem. In a newly published position paper, the organisation argues that the current framework insufficiently addresses the industry’s unique contributions and challenges.

The association is advocating for several key amendments, including an expanded scope that acknowledges tyres as critical components in both the replacement and original equipment markets, thereby stimulating demand for EU-manufactured products. Additionally, Tyres Europe proposes the establishment of a Union origin definition that would prioritise European production in public procurement and state-aid schemes. The paper also highlights tyres’ potential to enhance energy efficiency and lower CO2 emissions for light vehicles, while calling for dedicated backing for retreaded and EU-made truck and bus tyres, alongside increased financial mechanisms for industrial decarbonisation and improved governance of manufacturing acceleration zones.

With these targeted modifications, Tyres Europe contends that the Industrial Accelerator Act could effectively foster a market for low-carbon, high-performance tyres produced domestically. Such adjustments would simultaneously bolster competitiveness, support decarbonisation goals and reinforce the overall resilience of Europe’s automotive supply chain.

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Tegeta Green Planet and Toyota Center Tegeta served as the primary backers for a summer camp organised by Word Academy, which brought together adolescents between the ages of 8 and 17 in the Kakheti region. The initiative was designed as a digital detox, with all forms of screens and online platforms set aside in favour of immersive, real-world learning experiences.

The week-long agenda was deliberately varied, mixing educational seminars with hands-on exercises, strategic games, and open-forum conversations. Campers were given the opportunity to interact with experts from a range of occupations, all while developing their abilities in analytical reasoning, group coordination and ethical decision-making through carefully structured activities.

A significant portion of the schedule was given over to ecological subjects, with Shalva Akhvlediani, Director of Tegeta Green Planet, and his colleagues leading sessions on waste management and sustainability. The discussions centred on closed-loop systems, producer accountability frameworks and the correct disposal methods for vehicle-derived refuse, including used tyres, spent batteries and lubricating oils. Following these briefings, the teenagers engaged in spirited debates and cooperative challenges that explored the connection between daily habits and broader environmental health.

By the conclusion of the camp, the participants had reached a collective understanding that safeguarding nature is a duty shared equally by citizens, public institutions and commercial entities. Tegeta Green Planet views such educational outreach as a cornerstone of its mission. Toyota Center Tegeta echoed this sentiment, stating through its actions that nurturing youthful minds and ecological mindfulness are indispensable steps toward a resilient and enlightened tomorrow.

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Maxxis has unveiled the next iteration of its MaxxTerra rubber compound, engineered to substantially enhance both durability and traction for mountain bike tyres. The updated formulation maintains the low rolling resistance that characterises the brand’s performance range, addressing rider demands for extended tyre life without compromising capability on difficult trails.

Following extensive laboratory development and testing, Maxxis engineers achieved measurable improvements over the original compound. The new version exhibits a minimum 30 percent increase in tread wear resistance and a 15 percent gain in grip, all while preserving rolling efficiency. This advancement translates to prolonged riding sessions and reduced frequency of tyre changes for end users.

The enhanced compound will be progressively integrated across the entire trail tyre lineup, with the initial phase currently available. Consumers can distinguish the updated product through packaging marked with a ‘New MaxxTerra’ graphic, while the tyre’s sidewall badge now simply displays ‘MaxxTerra’, replacing the previous ‘3C MaxxTerra’ designation.

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