Trelleborg Group has finalized the acquisition of US company CRC Distribution. The company is a specialist distributor in polymer sealing solutions and related value-added services in hydraulics, hydropower, oil and gas, as well as for pumps and compressors.
Read MoreThe board of directors of Ashland Inc. has declared a quarterly cash dividend of $0.405 cents per share on the company’s common stock. The dividend is payable on March 15, 2025, to stockholders of record at the close of business on March 1, 2025.
Read MoreThe Indian state of Tripura, under the initiative of the Automotive Tyre Manufacturers’ Association (ATMA), has surpassed its five-year rubber cultivation target of 30,000 hectares. The state now aims to expand the plantation to 69,000 hectares, an official announced on Sunday.
The Indian Natural Rubber Operations for Assisted Development (INROAD), supported by ATMA, was launched in 2021 to develop 200,000 hectares of natural rubber plantations in Northeast India and West Bengal over five years. The Rubber Board had set a target of 30,000 hectares for Tripura under this initiative.
Read MoreFor the past four years, the Benvic Group has entrusted EcoVadis, one of the foremost providers of sustainability ratings, to assess their performance and progress around four themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement; and as such Benvic earned a Gold Medal for the third year in a row – this time reaching the 98th percentile in our industry showing improvement on all metrics.
Read MoreThe Company’s net revenue for the fourth quarter of fiscal 2024 was $923 million, up 2.3% versus the fourth quarter of fiscal 2023. Organic revenue declined 0.2% year-on-year, with pricing adjustments reducing organic revenue by 1.5% and volume increasing organic revenue by 1.3%. Foreign currency translation decreased net revenue by 0.2%, and acquisitions increased net revenue by 2.7%.
Read MoreAccording to industry analyses from Transparency Market Research, the tire recycling downstream products market is expected to surpass US$ 7.04 Bn by 2031, growing at a CAGR of approximately 2.89% over the forecast period. This growth trajectory reflects the rising awareness and stringent environmental regulations aimed at reducing the ecological footprint of discarded tires. The market’s expansion is also propelled by technological advancements in recycling processes and the widening applications of recycled tire materials in various industries.
Read MoreCycle-Tek, a Teknor Apex company, announced the launch of two new grades specifically formulated for flexible cord and IMSA applications: Cycle-Tek® 20401-82A BLK 1 and Cycle-Tek® 20401-82A FR BLK 1. Made with up to 50% recycled content, these new compounds add new options for wire & cable manufacturers looking to incorporate more sustainable materials in their cable design.
Read MoreRubber Conversion announced a significant milestone in its sustainability journey—receiving the prestigious Gold Medal in the EcoVadis Sustainability Rating. This achievement places the company in the top 5% of businesses globally, surpassing 95% of companies worldwide assessed by EcoVadis in the last year.
Read MoreThe Goodyear Tire & Rubber Company announced that Don Metzelaar has been named senior vice president, Global Manufacturing and Supply Chain, reporting to Chief Executive Officer and President Mark Stewart, effective January 13.
Read MoreFirestone’s Des Moines Ag Tire Plant has recently introduced a voluntary separation program, offering severance packages to employees willing to leave the company. This decision comes as the agricultural manufacturing industry faces ongoing demand constraints, prompting the company to reduce its workforce. The voluntary separation option is available to all employees, except those in the Maintenance and Powerhouse departments, and aims to minimize the impact of potential layoffs.
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