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John Deere announces layoffs at Midwest facilities amid agricultural slowdown

John Deere has announced plans to lay off 238 employees across three manufacturing plants in Illinois and Iowa, citing reduced demand and lower order volumes for its agricultural equipment. The decision follows a weaker-than-expected third-quarter earnings report and ongoing challenges in the farming sector.

The layoffs will affect workers at Harvester Works in East Moline, Seeding and Cylinder in Moline, and the Foundry in Waterloo. Employees at these facilities are scheduled to finish work between late August and late September.

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Bridgestone chosen as exclusive tire partner for limited-edition Lamborghini Fenomeno

ridgestone has been named sole tire partner for Lamborghini’s new Fenomeno supercar. Launching to mark the 20th anniversary of the first car entirely designed by the Sant’Agata Bolognese design department, the Fenomeno celebrates both Lamborghini’s iconic design and brand exclusivity, with only 29 models of the limited-edition vehicle produced. With a 1080 CV powertrain, the Fenomeno is Lamborghini’s fastest-ever model—both in the 0-100 km/h sprint (2.4 seconds) and 0-200 km/h sprint (6.7 seconds).

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Rockwell Automation report finds CPG industry prioritizing innovation over cost-cutting

Rockwell Automation, Inc. announced the results of the 10th annual State of Smart Manufacturing Report: Consumer Packaged Goods (CPG) Edition. The findings highlight how manufacturers are placing greater importance on innovation, workforce development, and long-term growth strategies.

The CPG industry is facing pressure on multiple fronts, from the growth of store brands to the demand for faster innovation and more sustainable products. At the same time, consumer loyalty is harder to earn, and expectations for customization and transparency are rising. In response to this, CPG companies are moving away from small-scale technology pilots and investing in solutions that deliver measurable results across the organization.

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Brenntag reports lower-than-expected Q2 2025 results amid market and currency pressures

Brenntag has reported second-quarter 2025 financial results that fell short of expectations, citing persistent market challenges and adverse currency exchange developments.

The company’s operating gross profit declined by 1.9% year-over-year to €974.3 million, while operating EBITA dropped 13.9% to €246.4 million. Brenntag attributed the weaker performance to reduced demand across its divisions and increased pricing pressure in several end markets.

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H.M. Royal marks 100 years: From one truck to nationwide chemicals distributor

Founded in 1925 by Horace “Kid” Royal, H.M. Royal was born out of a visionary idea: to streamline the supply of materials by bundling products, accelerating delivery and fostering enduring relationships built on trust. Since then, the company has grown from a regional distributor into a nationally recognized supplier and technology resource for manufacturers of rubber, plastics, coatings, adhesives and sealants. 

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Lanxess implements strategic measures to navigate weak market conditions

The company reported a 12.6% decline in sales year-over-year, totaling €1.47 billion, while EBITDA pre exceptionals fell by 17.1% to €150 million. These results reflect subdued demand across all business segments, reduced sales volumes, and the divestment of its Urethane Systems business unit, which was sold to Japan’s UBE Corporation in April. This sale marks the final step in LANXESS’s strategic exit from the polymer sector, reinforcing its focus on specialty chemicals.

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