News

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Yokohama Rubber in CDP’s A list on climate change

The Yokohama Rubber Co., Ltd., announced that it has once again been recognized for leadership in corporate sustainability by the global environmental non-profit CDP, which on February 6 named Yokohama Rubber to its A List of companies receiving the highest score for their leadership in environmental transparency and climate change. Yokohama Rubber’s selection recognizes its efforts to cut greenhouse gas emissions, mitigate climate change risks, and disclose highly transparent information, based on its responses to the CDP’s 2024 climate change questionnaire. This is Yokohama Rubber’s third-straight and sixth time on the A list.

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Hillenbrand Inc. announces sale of majority stake in Milacron to Bain Capital

Hillenbrand Inc. has announced the sale of a 51 percent stake in its Milacron business to Bain Capital, a leading private investment firm. The transaction, valued at $287 million, is expected to close in the coming months, subject to customary closing conditions. Hillenbrand will retain a 49 percent ownership stake in Milacron, ensuring continued involvement in the company’s future growth and development.

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Wadi Surgicals to triple capacity to 3 million gloves per day by 2026

The 160-metre long production line at its plant in the AMTZ Medtech Park is operating to its capacity of 1 million gloves a day and fed raw material sourced from Korea and Thailand. Another line is to be added in November and a third in March 2026. Both additional lines will have a capacity of 1 million gloves a day each, Wadi Surgicals’ founder-directors Shaaz Mehmood and Ishaan Dodhiwala said during a media interaction here on Wednesday.

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Workers at Firestone Liberia pause strike as labor minister steps in

The Firestone Agricultural Workers’ Union of Liberia (FAWUL), representing the strikers, has accused Firestone Liberia of failing to address their demands despite repeated negotiations. Key demands include setting retirement and service benefits at one month’s salary for each year served, an $80 salary increment over three years, and the expansion of the Collective Bargaining Agreement to cover both permanent and non-permanent employees. Additionally, the workers are calling for the immediate dismissal of two senior human resources officials, citing conflict of interest and poor human relations.

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Apollo Tyres reports positive third quarter

For the quarter ended December 31, 2024 Apollo Tyres Ltd, on a consolidated level, registered a revenue of Rs 6928 crores, an increase of 5% over the same period last fiscal. Both Indian and European Operations witnessed mid-single digit growths in revenue in the third quarter. For the nine months of the fiscal (April – December), the company’s revenue closed at Rs 19,700 crores, an increase of 3% over the same period last fiscal.

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Bridgestone develops bespoke premium tires for new Porsche Macan Electric and Panamera models

Bridgestone has been chosen by Porsche to develop bespoke tires for its new Macan Electric and Panamera models. Both vehicles are now available with custom-engineered Bridgestone Potenza Sport ultra-high-performance tires. The third generation of Porsche’s sporting luxury sedan, the Panamera, can also be fitted with tailor-made Bridgestone Blizzak LM005 tires—Bridgestone’s first winter original fitment for Porsche.

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Michelin expands Remix 2 range reducing operating costs for fleet managers

Michelin strengthens and expands REMIX® 2 to the MICHELIN X MULTI range, the most versatile and best-selling range in Europe. Following on from the X INCITY range for urban transport and the X WORKS range for use on rugged terrain, a second premium hot retreading process is now available for X MULTI sizes 315/70 R 22.5 and 315/80 R 22.5.

Michelin offers its customers a second premium nominative hot retread by collecting their casings and returning them retreaded as REMIX® 2. The expanded REMIX® 2 range is available in France, Benelux, Germany, Austria, Switzerland, Italy, Spain and Portugal.

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Continental appoints Nino Romano as CTO of the automotive group sector

Continental’s Automotive group sector, already in the process of becoming an independent listed company, has appointed its former head of Quality and Operations, Nino Romano, as its new chief technology officer (CTO). Romano assumed his new role on February 1, 2025. Under Romano’s leadership, the technology and operations areas will be consolidated in the new CTO organization.  

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