rss1

Newsrss1rssLinkedIn

Denka shuts down Louisiana plant amid mounting environmental and economic pressures

Japanese chemical manufacturer Denka Co., Ltd. has announced the indefinite suspension of operations at its Denka Performance Elastomer LLC (DPE) facility in LaPlace, Louisiana, marking a significant retreat from U.S. chloroprene rubber (CR) production. The decision follows a series of escalating challenges, including stringent environmental regulations, rising operational costs, and labor shortages.

Read More
Newsrss1

J.M Huber Corporation announces new acquisition

J.M. Huber Corporation announced the acquisition of The R.J. Marshall Company’s Alumina Trihydrate (ATH), Antimony-Free Flame Retardant, and Molybdate-Based Smoke Suppressant assets. This acquisition will be incorporated into the Huber Advanced Materials (HAM) strategic business unit of Huber Engineered Materials—an operating company of J.M. Huber Corporation. These assets will enhance HAM’s product portfolio and strengthen its position as a leader in the North American market of flame retardant and smoke suppressant technologies.

Read More
Newsrss1

Freudenberg reports strong earnings for fiscal 2024

In fiscal year 2024, Freudenberg had sales of €11,947.5 million, up 0.4 percent compared to the previous year (€11,902.8 million). Exchange-rate effects of €76.9 million, however, had a negative impact on sales. They were mainly shaped by the exchange-rate trend for the Japanese yen and the Brazilian real.

Showing a growth rate of about 4.7 percent, the operating profit of €1,132.4 million was significantly greater than the €1,081.6 million from the previous year. The key success factors have been the company’s innovative product lines as well as its structured expansion into attractive markets and strategic business fields such as medical technology and the energy economy.

Read More
Newsrss1

Goodyear announces Q1 2025 results; Completes sale of Dunlop brand

Goodyear’s first quarter 2025 net sales were $4.3 billion, with tire unit volumes totaling 38.5 million. Goodyear net income was $115 million (40 cents per share) compared to a Goodyear net loss of $57 million (20 cents per share) a year ago. The first quarter of 2025 included several significant items including, on a pre-tax basis, an estimated gain on the sale of the Off-the-Road (OTR) tire business of $260 million, rationalization charges of $81 million and Goodyear Forward costs of $7 million.

Read More
Newsrss1

Continental reports €9.7 billion in sales for first quarter 2025

In the first quarter of 2025, Continental achieved consolidated sales of €9.7 billion (Q1 2024: €9.8 billion, -0.8 percent). Its adjusted operating result increased to €639 million, corresponding to an adjusted EBIT margin of 6.6 percent. Without the application of IFRS 5, the adjusted operating result would have been €586 million (Q1 2024: €201 million) and the adjusted EBIT margin would have been 6.0 percent (Q1 2024: 2.1 percent). Due to the planned spin-off of the Automotive group sector, the accounting standard IFRS 5 (Non-current Assets Held for Sale and Discontinued Operations) has been applied as required. Consequently, since the Supervisory Board approved the spin-off on March 12, 2025, depreciation on those parts of the business earmarked for spin-off has no longer been taken into account.

Read More