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Specialty chemicals company LANXESS completed the sale of its Urethane Systems business to Japanese UBE Corporation on April 1, 2025. UBE is a global manufacturer of chemical products and listed at the Tokyo Stock Exchange.

“Our third quarter performance demonstrates the strength of our business and our global team’s ability to continue to deliver record results,” said Jenny Parmentier, Chairman and Chief Executive Officer. “All reported businesses showed substantial margin expansion and helped us surpass 26% adjusted segment operating margin for the first time. We also produced record earnings per share, generated record cash flow from operations, and repurchased $650 million of shares. We recently announced a 10% increase in our quarterly cash dividend and are committed to our strategy of actively deploying capital to drive shareholder value, including acquisitions and increased share repurchase activity, depending on market conditions.”

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Wacker Chemie AG has announced its financial results for the first quarter of 2025, reporting sales of €1.48 billion, nearly matching the prior-year level of €1.49 billion. This represents an 11 percent increase from the previous quarter’s sales of €1.34 billion.

Earlier this month, Goodyear announced that its Ohio-based blimp Wingfoot One will be wrapped with a vintage, black-and-white design reminiscent of Goodyear’s very first branded blimp, Pilgrim, as part of the blimp’s centennial anniversary celebrations.

The airship will debut its new look at the 151st Kentucky Derby in Louisville, Kentucky this weekend, providing aerial views of the biggest horse race in the world.

Bridgestone Americas (Bridgestone) announced the company will debut a demonstration commercial tire at WasteExpo. The tire supports the use of 70% recycled and renewable materials, making it the first commercially available tire in industry history to reach the milestone. It is the company’s first waste-specific tire to earn ISCC PLUS certification, a globally recognized system that supports the transition to a circular economy and bioeconomy.

BASF SE has successfully completed the divestment of its shares in two joint venture companies located in Korla, China. The joint ventures, BASF Markor Chemical Manufacturing (Xinjiang) Co., Ltd. and Markor Meiou Chemical (Xinjiang) Co., Ltd., have been sold to Verde Chemical Singapore Pte. Ltd., effective April 21, 2025.

This strategic move aligns with BASF’s broader goals of optimizing its global portfolio and addressing environmental concerns. The divestment comes amidst increased scrutiny over human rights issues in the Xinjiang region, although BASF has stated that internal and external audits found no evidence of human rights violations within the joint ventures.

Covestro LLC announced that Michelle Montgomery, a Senior Chemist at the company’s Pittsburgh campus, has been named a 2025 Women MAKE Emerging Leader by The Manufacturing Institute.

The Women MAKE Awards honor 130 women at all levels of manufacturing who have demonstrated leadership and excellence in their careers and represent the future of the manufacturing industry. The Emerging Leader category specifically highlights women under the age of 30 who have achieved significant accomplishments at the beginning of their careers.

Freepoint Eco-Systems LLC has successfully completed the first shipment of pyrolysis oil (PyOil) produced at its advanced recycling facility in Hebron, Ohio. This milestone marks a significant step in the company’s efforts to convert waste plastic into valuable resources, supporting the circular economy and reducing environmental impact.

The Supervisory Board of Continental AG appointed Roland Welzbacher to the Executive Board effective August 1, 2025. Welzbacher will succeed Olaf Schick, who requested the early termination of his contract in December 2024. The Supervisory Board of Continental AG agreed to this at its meeting on December 18, 2024. Following a joint transition period, Welzbacher will take over the role of CFO from Schick on October 1, 2025. The exact allocation and structure of Olaf Schick’s Executive Board functions (Finance as well as Integrity and Law) will be announced at a later date. Welzbacher will continue to manage the Finance and Controlling function in the Tires group sector at the same time, which he has headed since 2023. After the ContiTech group sector becomes independent as planned, Welzbacher will continue his Executive Board role at Continental AG, which will then be focused on tires.