News

In February, GRI Tires welcomed Magri Gomme, its national distributor for Italy, to its manufacturing facility for an in-depth look at the technology, expertise, and processes behind GRI’s agricultural tire production. The visit marked an important milestone in the partnership, reinforcing collaboration through open dialogue on market trends, customer expectations, and the future development of the Italian agricultural tire market.

Magna Tyres introduces the new LH32 truck tire, specifically designed for trailer applications in long haul and regional transport. This tire combines durability, performance, and safety to meet the demands of modern transport operations.

Celanese Corporation has announced both a new quarterly cash dividend of $0.03 per share and a wide-ranging set of price increases for key chemical products and their derivatives as part of its latest strategic moves.

Continental ranks among the companies demonstrating strong commitment and a high level of transparency when it comes to mitigating climate change and managing supply chains, according to the latest CDP rating. The independent environmental disclosure organization CDP awarded Continental an “A-” rating, recognizing the company’s approach to mitigating climate change, its progress in reducing CO₂ emissions, and its comprehensive transparency along the supply chain. The company also performed well in the water management category, achieving a “B” rating for the second year in a row. The scores awarded by CDP – previously known under its full name Carbon Disclosure Project – provide important validation of Continental’s commitment to climate action, including using renewable electricity and switching to low-emission fuels like biomass.

Nokian Tyres plc reported solid financial performance for the full year 2025, with profitability improvements continuing into the fourth quarter, the Finnish tire maker said in its Financial Statement Release published on February 10. Net sales for 2025 rose to €1,373.6 million from €1,289.8 million the previous year, reflecting a 7.2 % increase on a constant currency basis supported by growth across all geographic regions. Segments operating profit climbed 28 % to €91.3 million, driven largely by higher passenger car tire prices and increased sales volume, while overall operating profit improved significantly to €35.8 million compared with just €1.8 million in 2024. Cash flow from operating activities also strengthened, reaching €146.2 million versus €77.4 million a year earlier.

The Board of Directors of Pirelli met and the majority agreed, with 9 favorable votes and 5 against, with the assessment of the Chief Executive Officer Andrea Casaluci that the Cyber Tyre activities must continue to be carried out and developed in a fully integrated manner, including at the functional and organizational level with all the other activities of the Pirelli Group and that they must be managed in full consistency with, and in compliance with the strategic and industrial approach described by the Chief Executive Officer, with the express exclusion of any project or initiative that might lead to any form of compartmentalization, separation and/or segregation, even only partially, and of any nature. Chen Aihua, Zhang Haitao, Chen Qian, Fan Xiaohua and Tang Grace voted against the management’s considerations.