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ContiTech sold to Lone Star affiliate for €4.0 billion

Continental announced the sale of its ContiTech group sector to an affiliate of Lone Star Funds for €4.0 billion. The transaction also includes performance-based components of up to €250 million in subsequent years. The sale of its industrial business is the final step in Continental’s realignment. Once completed, the DAX-listed company will become a pure-play tire manufacturer for the first time in its history. The transaction is subject to regulatory approval.

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Covestro completes acquisition of former Vencorex sites in Thailand and the US

On July 1, 2026, Covestro completed the acquisition of two former Vencorex production sites for HDI derivatives in Rayong, Thailand, and Freeport, Texas, USA.

With the acquisition, Covestro expands its production footprint for HDI derivatives and reaffirms its commitment in two important regions, while strengthening its ability to serve customers in the coatings and adhesives industry with greater flexibility and reliability.

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Smithers is expanding its distribution testing laboratory in the UK

Smithers is expanding its Distribution Testing laboratory in Leatherhead, UK, to meet growing demand. Construction is currently underway, with completion expected by the last quarter of 2026.

The expanded facility will deliver a 55% increase in total footprint, adding an additional 3,800 sq ft of conditioned laboratory space and will further enhance testing capacity. The investment reflects increasing demand across sectors including e-commerce, consumer goods, pharmaceuticals, and medical devices, as products move through more demanding distribution environments.

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Plast 2026 called a success with over 30,000 attendees

The twentieth edition of PLAST, the international exhibition dedicated to the plastics and rubber industry, successfully ended on June 12th at Fiera Milano, Rho. Four intense days of exhibition confirmed the event’s role as a benchmark for the sector, decisively overcoming the cautious outlook of the eve in a global geopolitical and macroeconomic context marked by severe uncertainties, trade tensions, and instability in international markets.

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