News

Newsrss1

ContiTech sold to Lone Star affiliate for €4.0 billion

Continental announced the sale of its ContiTech group sector to an affiliate of Lone Star Funds for €4.0 billion. The transaction also includes performance-based components of up to €250 million in subsequent years. The sale of its industrial business is the final step in Continental’s realignment. Once completed, the DAX-listed company will become a pure-play tire manufacturer for the first time in its history. The transaction is subject to regulatory approval.

Read More
Newsrss4rssLinkedIn

The Goodyear Blimp returns to New York City

A true veteran of the skies, Goodyear’s airships have a storied tradition of showing up during America’s biggest moments, so it’s no surprise viewers to see Wingfoot One soaring over the Big Apple. But, to get the best views of New York Harbor, the Goodyear Blimp will base its operations in Brooklyn, marking the first time in 50 years the airship will be not just in the clouds around New York City, but also on the ground.

Read More
Newsrss2

BASF and Carlyle complete coatings transaction

The coatings transaction between Carlyle and BASF announced on October 10, 2025, was completed on June 30, 2026, following receipt of all required regulatory approvals. The enterprise value of the transaction amounted to €7.7 billion. On June 30, 2026, BASF received pre-tax cash proceeds of around €5.8 billion. Following completion of the transaction, BASF now holds a 40 percent equity stake in Surventis, formerly BASF Coatings, comprising the automotive OEM coatings, automotive refinish coatings, and surface treatment businesses.

Read More
Newsrss3

Bridgestone releases 2026 Bridgestone Integrated Report

Bridgestone Corporation (Bridgestone) announced it has published the 2026 Bridgestone Integrated Report and made it available on its website. This report outlines Bridgestone’s strategies and initiatives for growth with quality under its mission of “Serving Society with Superior Quality,” as well as activities that emphasize harmony with its diverse stakeholders. Through this report, the company aims to explore opportunities to create new value together toward the realization of a sustainable society.

Read More
Newsrss4

Evonik upgrades UV label and release liner coating capabilities

Evonik is strengthening innovation, sustainability, and customer collaboration in the label and release liner industry through an upgrade of its UV-curable coating equipment at the Evonik Shanghai Innovation Park. The system has been upgraded from a 3-roll coater to an advanced 5-roll coating platform, enabling laboratory testing under conditions closer to modern real-life production environments.

Read More