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Michelin announces two acquisitions, reinforcing its Polymer Composite Solutions business

In line with its “Michelin in Motion 2030” strategy, the Group is leveraging its know-how and expertise to expand into new high value-added markets. Over the past two months, Michelin has reached agreements to acquire Cooley Group, a specialist in industrial coated fabrics, and Tex Tech Industries, a premier designer and manufacturer of specialty textiles and fabrics. These two companies represent strong strategic fits with the Group, as both share the same commitment to innovation and high-quality products, while operating in complementary geographies.

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Borealis announces rollout of its Borstar Digital Twin program

Continuing to push the boundaries of digitalization and AI-driven innovation in operational processes, Borealis announced the global rollout of its Borstar® Digital Twin program.

This cutting-edge suite of solutions combines the latest technology with deep process expertise, enabling Borealis plants to achieve world-class efficiency and productivity. By integrating artificial intelligence (AI), real-time optimization, and powerful data analytics, the Borstar Digital Twin marks a major milestone in Borealis’ digital transformation journey.

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Freudenberg acquires all remaining shares in Japan Vilene Company

The Freudenberg Group is acquiring the 25 percent stake in Japan Vilene Company Ltd. (JVC), Tokyo, Japan, held by its joint venture partner Toray Industries, Inc. (Toray), Tokyo, Japan. This makes Freudenberg the sole owner of JVC, a leading nonwovens manufacturer in the Japanese market. Freudenberg is exercising its purchase option contained in the joint venture agreement. The purchase agreement is scheduled to be signed in December 2025. The purchase price for the shares is roughly 100 million euros.

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