German supplier of antivibration and damping systems GMT Gummi-Metall-Technik has divested its aerospace division to TriMas Corp., a Michigan-based manufacturer ...

Frankfurt, Germany – Continental’s Automotive group, which is currently being carved out as a separate entity, is planning to cut 3,000 R&D jobs globally by end of 2026.

Malmo, Sweden - Hexpol AB is acquiring an 80% stake in Turkish cable compounder Kabkom Kimya Sanayi ve Ticaret Anonim ?irketi (Kabkom) for €54 million. Headquartered in Izmir, the company is “the ...

Akron, Ohio – Goodyear Tire & Rubber Co. is weighing up the potential impact of low-cost imports and tariffs on global tire markets and the group’s own business performance in 2025.

Tokyo – Fukoku Rubber has revised down its earnings and sales forecasts for fiscal 2024 (ending 31 March), due in part to the closure of its Chinese antivibration parts subsidiary. The Japanese ...

Bridgestone Corp. has increased annual sales and adjusted earnings slightly, helped by favourable currency impact and cost-saving initiatives of its 2024-2026 mid-term b ...

Hyogo, Japan – Toyo Tire Corp. has exceeded its sales and earnings forecast for 2024, buoyed by strong sales and appreciation of the Japanese Yen against the US dollar.

In the Americas, Goodyear improved full-year segment operating income by 24.5% year-over-year to $933 million, with margins ...

Tokyo – Denka Co. Ltd has seen continued ‘weak demand’ for chloroprene rubber (CR) in the first three quarters of fiscal 2024, ending 31 March.

In addition, the WDK president called for the ‘omnibus’ initiative to be extended to the EU Regulation on Deforestation-Free ...

Shanghai – China’s Hainan Rubber Group expects a 73% year-on-year decline in net profit for 2024, despite higher sales revenue and volumes during the year.

Seoul – Nexen Tire Corp. saw its profitability decline due to weak sales in North America, despite registering a record ...