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Lanxess reports 10.9 percent decline for fiscal 2025

The company reported revenue of 5.673 billion euros ($6.1 billion) for 2025, down 10.9% from the previous year, while earnings before interest, taxes, depreciation and amortization (EBITDA) pre-exceptionals fell 16.9% to 510 million euros.

LANXESS attributed the downturn to persistently weak demand across most customer industries, lower sales volumes and continued pricing pressure, particularly from Asian competitors. Lower raw material costs also contributed to reduced selling prices, while unfavorable currency effects and the sale of its Urethane Systems business in April 2025 further weighed on results.

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Bekaert acquires tire reinforcement business from Bridgestone in China and Thailand

Bekaert announced it has reached an agreement with Bridgestone to acquire the tire reinforcement business in China and Thailand. Both companies signed a long-term supply agreement, coupled with the transfer of two of Bridgestone’s captive tire cord manufacturing sites. Bekaert thereby strengthens the leading position of its Rubber Reinforcement division in the global tire reinforcement market. The transaction is expected to close in the first half of 2026, subject to applicable regulatory approvals and customary closing conditions.

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Yokohama Tire announces closure of manufacturing facility in Salem, VA

Yokohama Tire announced that it will permanently close its manufacturing plant in Salem, VA effective March 18, 2026. Previously, the company announced a reduction in output for March and notified employees that production could cease in July. After negotiations with the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union and its Local Union No. 1023 (USW), the two sides have agreed to expedite the closure of the facility.

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Arlanxeo’s Texas facility earns ISCC Plus certification

ARLANXEO announced that its Therban® (HNBR) and Buna® (BR) manufacturing units at the Orange, Texas site have successfully achieved ISCC PLUS certification. This certification enables the site to manufacture and supply products under the ARLANXEO Eco label. The ARLANXEO Eco Line comprises the company’s portfolio of ISCC PLUS-certified sustainable elastomers based on the mass balance approach.

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