Author: RubberWorld

Continental Executive Board has decided, following a strategic review, to conduct a further detailed evaluation on spinning off the Automotive group sector. The aim of having two independent companies is to fully harness Continental’s value and growth potential. Following its detailed evaluation, the Executive Board will make a decision on the spin-off in the fourth quarter of 2024. Subject to the approval of the Executive Board and Supervisory Board, a spin-off and listing of Automotive would then be put to a vote by the Annual Shareholders’ Meeting of Continental AG on April 25, 2025. If approved, the plan is to complete the spin-off by the end of 2025.

Trelleborg Tires’ Spartanburg U.S. based facility, a 40,000-square-meter production site, stands out as a clear example of how localized production has fostered favorable conditions to grow while simultaneously driving the agricultural tire market’s evolution.

It is the world’s largest agricultural arena and, since setting up operations in the U.S. in 2015, Trelleborg Tires has seamlessly assimilated into the market’s unique landscape, following the specific needs of American farmers when it comes to choosing the right tire for the job: durability and the ability to operate on wider and harder terrain, all under heavy loads.

Chemical Concepts announced the appointment of Andrew Morris as the company’s new Chief Executive Officer, effective August 1, 2024.

In his new role, Andrew will guide the company into a new era of national expansion, focusing on innovation, geographic growth, and operational excellence. His energy, passion, and visionary leadership will play a vital role in the company’s strategic growth and development.

Singer Industrial announces it has acquired Winnipeg-based MEP Brothers — a supplier of industrial and hydraulic hose, gaskets and environment spill response products. Terms of the transaction were not disclosed.

MEP Brothers will support Singer Industrial’s customers in the Canadian markets and will continue to be led by past owners Jeff and Jamie Gural.

Myers reports net sales were $220.2 million, an increase of $11.8 million, or 5.7%, compared with $208.5 million for the second quarter of 2023. The increase in net sales was driven by contributions from the recent acquisition of Signature Systems, partially offset by lower pricing and volumes in both the Material Handling and Distribution segments.

Gross profit increased $7.1 million, or 10.4%, to $75.5 million, driven by performance at Signature Systems, favorable product mix and lower material costs, partially offset by lower pricing and volume, as well as adjusting items related to acquisition and restructuring expenses.

Dr. Bürkle began his career at the company in 1961 as a tool designer and later as a designer for injection molding machines. He also studied mechanical engineering at Munich University of Applied Sciences and Munich Technical University and worked as a development engineer in the application technology department from 1978. After completing his doctorate at RWTH Aachen University, he headed the Basic Development and New Technologies department at KraussMaffei, where his forward-looking approach paved the way for numerous successes in plasticizing development (e.g. KraussMaffei mixing screw) and technology development (e.g. the SkinForm surface finishing process or the IMC injection molding compounder). Even after his official retirement in 2009, Dr. Bürkle remained associated with KraussMaffei in an advisory capacity.

PolyQuest welcomed Andy Fredericks, Brian Goldberg, John Sarrao, and James Nelson – all distinguished industry experts poised to further elevate PolyQuest’s industry standing.