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Wacker Chemie AG saw its sales decline in the third quarter of 2024 due to the ongoing difficult market environment. The chemical company generated sales of around €1.43 billion in the reporting quarter (Q3 2023: €1.52 billion), down 6 percent. This decline was mainly due to significantly lower volumes sold by the POLYSILICON division. Compared with Q2 2024 (€1.47 billion), sales decreased 3 percent.

In Q3 2024, WACKER posted EBITDA (earnings before interest, taxes, depreciation and amortization) of €152 million (Q3 2023: €152 million). Earnings were thus on par with last year, despite the lower volumes sold by the POLYSILICON division. Compared with the previous quarter’s EBITDA (€160 million), earnings decreased 5 percent. The WACKER Group’s EBITDA margin for Q3 2024 was 10.6 percent, after 10.0 percent a year earlier and 10.9 percent a quarter earlier.

When it comes to rubber industry education, the Rubber Division is your best resource. Their training opportunities cover a wide variety of important topics and are offered all throughout the year. Webinars are free for Rubber Division, ACS Members and all Rubber Division, ACS courses are free for undergraduate Student Members (discount for masters & graduate Student Members). All courses are held virtually with the exception of a few scheduled to be held at partner locations.

OCSiAl has opened its first European production facility. The facility, located in Serbia will produce TUBALL™ nanotubes and nanotube-based products, marking a significant step forward in integrating nanomaterials into various industries. More than 1,500 companies worldwide, including leading rubber and plastic manufacturers, already use graphene nanotubes in their production lines.

The majority (54 percent) of younger drivers in Germany (up to the age of 34) see cars as a status symbol. This is a key finding of the representative mobility study conducted in August 2024 by market research institute infas on behalf of Continental in Germany, China, France, Japan and the USA. In Germany, 1,000 people aged 18 and over were surveyed about their mobility needs. According to a study commissioned by HORIZONT in 2017, for example, only 25 percent of younger respondents viewed cars as a status symbol.

A new generation of silicone elastomers specifically designed for additive manufacturing with
Longer shelf life and improved productivity are the advantages of this new silicone elastomers for Additive Manufacturing

Freudenberg Performance Materials is expanding its business in coated technical textiles (Mehler Texnologies). The technical textiles specialist is acquiring major parts of the Heytex Group from the private equity investor Bencis Capital Partners. The acquisition covers the core business of Heytex with three production locations (Germany and China) and all headquarter related functions, including Sales and R&D. The Heytex Group is one of the world’s leading manufacturers of high-quality and functional technical textiles. The company with an international presence is headquartered in Bramsche, Germany. In 2023, the parts of the Heytex Group to be acquired by Freudenberg Performance Materials generated sales of roughly €100 million with a workforce of some 400 employees. The transaction is subject to approval by the antitrust authorities.

The U.S. Tire Manufacturers Association (USTMA) released its 16th End-of-Life Tire Management Report, revealing positive momentum in tire recycling with 79% of end-of-life tires being consumed by end-use markets. This reflects a 10.5% increase in overall utilization, reinforcing that end-of-life tires remain one of the most recycled and reclaimed consumer products, outpacing materials like metal, glass, aluminum, plastic, and paper.

American Tire Distributors, Inc. announced that it is implementing specific steps to maximize value and strengthen the Company’s financial foundation as it continues supporting manufacturer partners and customers across its nationwide distribution network..
To implement the terms of the RSA and conduct a value-maximizing sale process, the Company and certain of its subsidiaries commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware (the “Court”). During this process, ATD will continue to operate across its nationwide distribution network as the organization remains focused on supporting its manufacturer partners and providing its customers with tires, wheels, related tools, and accessories to support their business.

Ceat Ltd. announced a significant capacity expansion project at its Chennai plant. This strategic initiative aims to enhance production capabilities and meet the growing demand for high-quality tires in both domestic and international markets. The expansion underscores Ceat’s commitment to innovation, excellence, and customer satisfaction.