MAXAM Tire continues to prioritize the needs of modern agricultural machinery by completing the core size range for 4-wheel drive self-propelled nutrient applicators. The addition of these sizes to the AGRIXTRA H product offering allows MAXAM to further improve farmers’ and growers’ productivity for fertilizing seasons to come.

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Tenneco to supply intelligent suspension, anti-vibration performance materials solutions for Rivian vehicles

Tenneco has been selected to provide intelligent suspension and anti-vibration performance materials solutions for U.S.-based electric-vehicle manufacturer Rivian Automotive. Tenneco’s CVSA2/Kinetic® H2 semi-active suspension technology part of the Monroe® Intelligent Suspension product portfolio and NVH performance materials Clevite® elastomers, will be featured in the all-electric Rivian R1T five-passenger pickup and R1S seven-passenger sport utility vehicle.

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Cabot reports positive fourth quarter, fiscal year and announces dividend

Sean Keohane, Cabot President and Chief Executive Officer commented: “This was an exceptional year in both financial results and strategic progress. Our teams around the world did a fantastic job navigating a challenging macroeconomic environment. We delivered record 2022 adjusted earnings per share that exceeded our prior year performance by 25 percent. Both segments delivered double digit year-over-year EBIT growth, and growth in Battery Materials continues to outpace the market. In addition, discretionary free cash flow reached a historical high of $395 million in the fiscal year, and we paid $84 million in dividends to shareholders and repurchased shares totaling $53 million.”

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Bridgestone announces $250 million upgrade to Costa Rican facility

Bridgestone Americas (Bridgestone) announced an investment of approximately US$190 million to renovate and expand its tire manufacturing plant located in Belén de Heredia, Costa Rica. This investment is in addition to more than US$60 million planned for 2022-2026. In total, the company will be investing over US$250 million in total over the five-year period.

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Mitsui Chemicals announce plans to open Digital Science Lab

Mitsui Chemicals, Inc. announced plans to open the Digital Science Lab to further accelerate the digital transformation (DX) of its R&D through digital science, a realm that blends computational science with data science and high-performance computing. The new research building will be located at Mitsui Chemicals’ Sodegaura Center, which is one of Japan’s largest R&D hubs belonging to a chemical company and brings together the combined knowledge of more than 1,000 researchers at a single site

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