In a significant strategic move, Toyo Tire Corporation has announced the partial transfer of equity interests in its Chinese subsidiary, Toyo Tire Zhangjiagang Co., Ltd. (TTZ), to Liaoning Hengdasheng Investment Co., Ltd. (LHI). This decision, disclosed on February 14, 2025, involves transferring 86% of Toyo Tire’s equity in TTZ, a tire manufacturing subsidiary based in Zhangjiagang City, Jiangsu Province. The transfer aims to enhance TTZ’s operational support and market presence in China and other Asian countries.

BFGoodrich Tires has unleashed the g-Force Phenom T/A tire: an ultra-high performance summer tire that looks and plays the part by delivering excellent performance in both wet and dry conditions.

NuFlow, headquartered in Escondido, California, produces specialist liners, resins, and equipment for small-diameter pipe repair. Its manufacturing operations are in Ajax, Ontario, Canada. The business offers repair solutions for lateral and building interior pipes for residential and commercial segments.

Thompson is headquartered in Rancho Cucamonga with a second location in South El Monte. Focusing on both large and small customer companies, the distributor provides bearings, gear reducers, motors, hydraulics, industrial automation, and pneumatics, plus in-house fabrications and belt shop services. The Rancho Cucamonga location’s enhanced fabrication capabilities feature multiple mills (2), lathes (3), a key seater machine, a CNC lathe, a CNC milling machine center, robotic welders, a gearbox modification shop and a custom hydraulic hose shop.

LANXESS will offer a highly sustainable variant of its Bayferrox iron oxide yellow pigment in the future. The pigments marketed under the company’s own Scopeblue label have a significantly reduced carbon footprint thanks to the use of more eco-efficient raw materials. This reflects the growing awareness of the raw material product carbon footprint (PCF) in the paint and coatings industry and the resulting demand for sustainably manufactured pigments.

Dow announced targeted actions to deliver $1 billion in cost savings. The proactive actions will further reduce the Company’s costs in response to ongoing macroeconomic uncertainty, while reinforcing its long-term competitiveness across the economic cycle.

Specifically, Dow expects to achieve the majority of the $1 billion in cost savings on an annual run-rate through:
$500 million to $700 million reduction in direct costs, primarily focused on purchased services and third-party contract labor; and
Decreased labor costs, including through a workforce reduction of approximately 1,500 Dow roles globally.