Magna Tyres celebrated its 20th anniversary on 23 March 2026, marking two decades of growth and international expansion in the off-the-road (OTR) and industrial tire industry. Today, Magna Tyres delivers tire solutions to customers in more than 130 countries, supported by a global network of offices, partners and distributors.
Read MoreThe company reported revenue of 5.673 billion euros ($6.1 billion) for 2025, down 10.9% from the previous year, while earnings before interest, taxes, depreciation and amortization (EBITDA) pre-exceptionals fell 16.9% to 510 million euros.
LANXESS attributed the downturn to persistently weak demand across most customer industries, lower sales volumes and continued pricing pressure, particularly from Asian competitors. Lower raw material costs also contributed to reduced selling prices, while unfavorable currency effects and the sale of its Urethane Systems business in April 2025 further weighed on results.
Read MoreThe Group is working intensively across its global production and logistics network to minimize any impact on its customers. However, in view of the extent of current cost increases, particularly for energy, raw materials, and logistics, price adjustments are inevitable. WACKER will raise prices for silicone-based products effective April 1, 2026. Customers will be informed accordingly.
Read MoreA new hands-on training event focused on advanced polymer manufacturing will debut this spring as Leistritz Extrusion Technology hosts its first Reactive Extrusion (REX) Workshop in North Carolina.
Scheduled for May 13–14, 2026, the two-day workshop will take place at the Polymers Center of Excellence in Charlotte and will combine classroom instruction with live equipment demonstrations, according to event organizers.
Read MoreScandinavian Enviro Systems AB announced that Enviro is terminating agreements with Infiniteria Europe Sàrl and Cuibhil Luxco regarding the collaboration related to the joint venture Infiniteria (the “JV Company”). The terminations are made within the framework of Enviro’s ongoing corporate reorganization and with the support of Chapter 3, Section 9 of the Swedish Company Reorganization Act. The notice period is three months.
Read MoreOrganizers said this year’s campaign reached a new milestone, raising more than $2.2 million through donations and sponsorships. The effort provided toys, food, gift cards and other essentials to more than 70,000 children and families across the Halton and Peel regions.
Read MoreBekaert announced it has reached an agreement with Bridgestone to acquire the tire reinforcement business in China and Thailand. Both companies signed a long-term supply agreement, coupled with the transfer of two of Bridgestone’s captive tire cord manufacturing sites. Bekaert thereby strengthens the leading position of its Rubber Reinforcement division in the global tire reinforcement market. The transaction is expected to close in the first half of 2026, subject to applicable regulatory approvals and customary closing conditions.
Read MoreOverall satisfaction with original equipment tires among battery electric vehicles (BEVs), internal combustion engine (ICE) vehicles and plug-in hybrid electric vehicles (PHEVs) continues to converge, with the gap among the three segments narrowing to 14 points on a 1,000-point scale, down from 47 points in 2025, according to the JD Power 2026 U.S. Original Equipment Tire Customer Satisfaction Study. This marks the smallest satisfaction gap among the segments since 2023. Overall satisfaction scores are 789 for ICE vehicles, 775 for BEVs and 772 for PHEVs, with PHEVs posting the largest year-over-year gain, improving 29 points from 2025.
Read MoreUnder the expanded agreement, IMCD will distribute Evonik’s VISIOMER® Specialty Methacrylates products, which supports a broad range of end-use applications, including, but not limited to, coatings, adhesives and sealants, construction, composites and polymer synthesis.
Read MoreWevo is expanding its presence in the Asia-Pacific region with a new production site in Singapore. Located in the Tuas industrial area, the facility will serve as a key hub for supplying customers with locally manufactured polyurethane systems that offer proven solutions across a wide range of industries, such as e-mobility and white goods, as well as the generation, distribution and storage of energy.
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