Wacker Chemie AG reported a significant decline in both sales and earnings for the second quarter of 2024. The chemical company generated EUR 1.5 billion in revenue during the period, marking a 16 percent drop compared to the same quarter last year. Lower solar-grade polysilicon volumes were primarily responsible for the decline.

EBITDA slumped 37  percent year-on-year to EUR 160 million, reflecting a similar impact from reduced volumes. The company’s EBITDA margin contracted to 10.9 percent from 14.6 percent in the prior-year quarter.

Net income plummeted 72 percent to EURO 43 million, resulting in earnings per share of EURO 0.58, down from EURO 2.38 in the same period last year.

Full-Year Outlook Maintained

Despite the challenging quarter, Wacker confirmed its full-year forecast, projecting sales between EURO 6 billion and EURO 6.5 billion and EBITDA in the range of EURO 600 million to EURO 800 million.

CEO Christian Hartel acknowledged the ongoing economic challenges but expressed optimism about signs of recovery. He highlighted growth in speciality silicones and polymer dispersions and increased polysilicon demand from the semiconductor industry and biopharmaceuticals.

Regional Performance

• Asia: Sales plunged 33 percent to EURO 540 million.
• Americas: Sales rose 3 percent to EURO 276 million.
• Europe: Sales dipped 5 percent to EURO 570 million.

Business Division Performance

• Wacker Silicones: Sales rose 3 percent to EURO 719 million, driven by growth in industrial coatings and consumer-related applications. EBITDA surged 73 percent to EURO 90 million.
• Wacker Polymers: Sales declined 7 percent to EURO 389 million due to lower prices. EBITDA dropped 23 percent to EUR 59 million.
• Wacker Biosolutions: Sales jumped 8 percent to EURO 98 million, boosted by the biopharmaceutical business. EBITDA improved to EURO 1.1 million from a loss in the prior year.
• Wacker Polysilicon: Sales plummeted 55 percent to EURO 232 million due to lower volumes. EBITDA fell 65 percent to EUR 55 million.

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Dunlop-equipped riders filled the rosters of the two strongest teams at this season's Motocross of Nations (MXoN), where Liam Everts, riding for Nestaan Husqvarna, played a pivotal role in ending Belgium's lengthy wait for the Chamberlain Trophy. Jorge Prado and Guillem Farres likewise turned in impressive rides on Dunlop rubber, propelling Spain to a narrow runner-up result at the prestigious gathering.

Only three points separated the leading teams when racing concluded, and Everts proved instrumental in Belgium's triumph. Having placed second in Saturday's Open-class qualifying, the Belgian followed up with a pair of fourth-place moto finishes on Sunday. Spain mounted a determined challenge across the weekend, briefly holding the top spot after the first moto before finishing three points adrift of Belgium.

Prado, a two-time MXGP champion, claimed second in both of his outings, enough to head the MXGP standings, while Farres contributed a fourth and a fifth to Spain's total. France also delivered Dunlop success, with Kawasaki's full-time pairing of Romain Febvre and Mathis Valin racing before a home crowd. While his teammates struggled, Febvre produced one of the day's standout individual displays, winning the opening moto and then taking third in the finale, where he also grabbed the Holeshot.

Those results placed Febvre second in the MXGP class behind Prado, while Farres and Camden McLellan of South Africa topped the MX2 standings. Everts ended second in the Open category, with fellow Dunlop rider Pauls Jonass of Latvia third. Dunlop riders claimed three of six race wins across qualifying and the main motos, and five of the nine Sunday podium finishers used the brand.

In total, 32 competitors from 16 nations depended on Dunlop's Geomax MX34 front and Geomax MX14 rear tyres, engineered respectively for soft-to-mid terrain and loose-surface traction. The weekend rounds off another standout season for Dunlop. Farres captured the MX2 world title and led Triumph Racing to a one-two with McLellan, while Febvre was MXGP runner-up after winning the crown on Dunlop the previous year. In America, Ken Roczen rode Dunlop to a first 450cc AMA Supercross championship, continuing Dunlop's unbroken run of AMA Supercross and Pro Motocross titles since 2010.

Wim Van Achter, Motorcycle Motorsport Manager EMEA, Dunlop Motorcycle Europe, said, “It has been a fantastic weekend of racing at the Motocross of Nations, and we congratulate Dunlop rider Liam Everts on the victory with Team Belgium. Team Spain fought hard all weekend, with Jorge and Guillem helping the team fight right to the end for the victory. We’re pleased that so many top riders continue to choose Dunlop Geomax tyres, and the results across the field weekend underline the performance of our Geomax MX34 and MX14 products.”

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Liberty Tire Recycling partnered with Henry County staff and volunteers for a three-day Tire Amnesty Event at the County Barn last week, during which thousands of scrap tyres were collected from residents seeking free and responsible disposal. The recurring programme, offered every three years, drew a steady stream of vehicles ranging from cars and trucks to trailers and farm equipment, generating sizable piles of tyres and underscoring both strong community participation and the persistent need for proper recycling.

County personnel, including Jason Stanley, Jeremy Raisor, James Nutgrass, Darrell Abbott, Zach Smith and Travis Buchanan, worked continuously to unload and organise tyres as residents arrived. Among those taking part was New Castle resident Charles Miller, who delivered over 100 tyres, many from demolition derby vehicles, and also brought tyres on behalf of several family members so that materials from multiple properties could be recycled.

Photo by The Henry County Local

Stanley reported that turnout substantially exceeded the previous amnesty event held three years ago, with residents arriving consistently throughout the collection period. Such events offer a convenient way to remove scrap tyres that might otherwise accumulate on properties, create safety hazards and serve as breeding grounds for mosquitoes and other pests, thereby reducing environmental risks and advancing sustainable waste management.

Officials applaud the Kentucky Division of Waste Management and its local partners for organising these programmes, noting that states collecting mandatory tyre disposal or recycling fees can reinvest them in amnesty days that channel waste tyres into the recycling stream and deter illegal dumping. While the final tally remains pending, county officials anticipate the total will rank among the most successful amnesty events in recent years.

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Max Verstappen secured his first pole position of the season for the Bahrain Grand Prix, lapping fastest at 1:35.130. Lewis Hamilton took second with a 1:35.428. Pirelli’s Soft compound played a decisive role, as the top three all set their best times on the red-marked tyre. Isack Hadjar originally qualified third but will not start from that grid slot due to a penalty.

Kimi Antonelli, fourth fastest in qualifying, will instead line up third. Hamilton began qualifying on the Medium before switching to the Soft, a strategy mirrored by Charles Leclerc, Nico Hülkenberg and Gabriel Bortoleto. The remaining drivers relied solely on the C4. Verstappen used four new Soft sets and improved his benchmark in the final sector on his last flying run.

Track temperatures peaked at 54°C during FP3 before cloud cover arrived. All three compounds appeared in the session, though most drivers concentrated on the C4. Leclerc alone ran the Hard before moving to a new Soft set. Lando Norris, Oscar Piastri, Verstappen and Hadjar used the Medium, with the reigning champion setting his best time on the C3.

Antonelli topped FP3 at 1:36.302, ahead of Verstappen on 1:36.580 and Hadjar on 1:36.860. The Pirelli Pole Position Award was presented by Alvin Chong, a Malaysian actor and singer recognised across Malaysian and Chinese entertainment.

Dario Marrafuschi, Pirelli Motorsport Director, said, “Track conditions improved progressively throughout the day, allowing the Soft compound to deliver a very competitive level of performance in qualifying. Despite this, lap times remained significantly slower than those predicted by the simulations, indicating that the track evolution was not sufficient to close the gap. In the attempt to extract the maximum potential from the C4 immediately, the degradation generated on the compound meant that no genuinely competitive laps could be completed after the first flying lap today. At the same time, in yesterday’s running it demonstrated that it can maintain an acceptable level of consistency over race distances when it is brought gradually into its correct operating window over the opening laps. This characteristic could prove particularly important tomorrow, given the number of Soft sets retained by several teams.

“Tomorrow’s Grand Prix looks especially interesting from a strategic perspective. Most drivers have two sets of Hard tyres available, which should provide a solid option for the longer stints thanks to their greater thermal resistance and lower degradation compared to the softer compounds. On paper, the Medium-Hard-Hard and Soft-Hard-Hard combinations appear to be among the most competitive. There are, however, some particular situations, such as those of Verstappen and Leclerc, who each have only one set of C2 tyres available and may therefore consider different approaches, making greater use of the Soft and Medium compounds or even evaluating three-stop strategies. In this scenario, the range of possibilities becomes much broader, with shorter stints and increased flexibility. By contrast, we are unlikely to see one-stop strategies, which on paper offer no advantage in terms of total race time at a circuit where overtaking remains possible at several points around the track. Finally, there remains an element of uncertainty related to the weather, with a chance of rain that could influence the teams’ strategic choices.”

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American tyre brand General Tire is marking 111 years since its founding on 29 September 1915, when William O’Neil and Winfred Fouse established the General Tire and Rubber Company in Akron, Ohio. What started as a regional tyre maker has evolved into an internationally recognised brand, especially noted for durable tyres suited to SUVs, off-road vehicles and pickups. Since 1987, the company has operated as part of Continental.

The brand’s history tracks closely with the growth of the North American automotive sector. During the 1920s, General Tire earned attention for its ‘General Balloon Jumbos’, which helped push tyre technology forward. As operations grew, the company widened its international reach and became a supplier to major vehicle manufacturers.

William O'Neil, Founder of General Tire

General Tire and Continental first connected in March 1949 through a cooperation agreement covering the exchange of technical expertise and know-how. By the late 1950s, General Tire had opened a tyre testing facility in Uvalde, Texas, then regarded as the largest of its kind worldwide. Continental’s 1987 acquisition opened a new chapter, giving the parent company a global production and sales network for the first time while allowing General Tire to pair its American heritage with worldwide development and manufacturing strength.

Today, the portfolio spans applications from the Grabber GT Plus road tyre and Grabber Cross A/S all-season tyre to the Snow Grabber Plus winter tyre and the Grabber AT3 Plus and Grabber X3 off-road models, all reflecting performance, reliability and American heritage. For the anniversary, General Tire introduced the next-generation Grabber AT3 Plus, an all-terrain successor to the Grabber AT3 with better snow traction, improved wet-road grip and a tread pattern built for demanding off-road use.

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