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Continental further expands commitment for responsible resourcing of natural rubber

Continental has extended its project to enhance sustainability in smallholder natural rubber cultivation with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH by three years. Since 2018, around 5,000 local smallholders in West Kalimantan, Borneo, Indonesia, have already been trained to cultivate high-quality natural rubber in line with clearly defined sustainability criteria. By 2027, a further 1,000 smallholders are to be involved in the project, which is co-funded by Continental and the German Federal Ministry for Economic Cooperation and Development (BMZ). The gains are threefold: the smallholders’ income has increased by an average of 27 percent since the start of the project; together with GIZ, Continental is building valuable capacity to improve sustainability in the cultivation of natural rubber by smallholders and to use responsibly sourced natural rubber in products; and precious forests and peatlands are preserved in the project region in Indonesia.

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Mitchell Group opens new manufacturing facility for Sta-Kleen silicone line

The Mitchell Group announced the opening of a new manufacturing facility for its Sta-Kleen Silicone line in Niles, Illinois.

The new facility is near an electric power plant, and the facility’s primary energy source is the plant’s non-polluting steam. The facility recaptures and transforms the steam to power the entire manufacturing process, from inspection to packaging and shipping.

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Freudenberg Sealing Technologies develops new highly compatible elastomer material for battery cells

In the rapidly growing electric vehicle market, improved battery performance with shorter charging times, maximum temperature resistance and a longer battery life are key factors for success. To meet these demands, OEMs in Europe and the United States need materials that also comply with stricter national and international environmental standards. One high-performance material for such applications comes from the elastomer material group. Freudenberg Sealing Technologies has successfully developed a material that outperforms thermoplastics in the event of thermal runaway and takes battery applications in e-mobility to an entirely new level.

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US tariffs impact rubber and tire imports: rising costs and market uncertainty

The recent wave of tariffs imposed by the Trump administration is set to significantly impact the rubber and tire industry in the United States. Analysts predict that tire prices will rise substantially due to these tariffs, which target key exporting countries such as Thailand, Indonesia, Vietnam, and South Korea.

A record 63.4% of tires sold in the U.S. last year were imported. With tariffs ranging from 26% to 46% on tires from these countries, consumers can expect higher prices at the checkout. JPMorgan analysts have warned that the full effect of these price increases may not be felt immediately, as companies stocked up on tires before the tariffs were announced

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Mitsubishi Chemical Corporation to expand flame-retardant production capacity in France and China

Mitsubishi Chemical Corporation has decided to expand its production capacity for flame-retardant compounds based on polyolefins and thermoplastic elastomers, used for cable sheathing and other purposes, at Mitsubishi Chemical Performance Polymers (China) Co., Ltd. and MCPP France SAS.

This decision is driven by the significant increase in demand for flame-retardant compounds as cable sheathing materials across a wide range of industries, including mobility, telecommunications, construction, and gas.

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Continental announces major restructuring: ContiTech to operate independently

In a significant move, Continental AG has announced that its ContiTech group sector will become an independent entity. This decision marks a pivotal step in Continental’s strategic realignment, aimed at creating three strong, independent companies focused on their respective industries.

ContiTech will operate independently as a material solutions specialist with a strong industrial focus. The exact form of the transaction and the timetable for independence will be determined in the next phase. Continental AG will shift its focus to becoming a global leader in the tire industry. This follows the planned spin-off of its Automotive group sector and the sale of the Original Equipment Solutions (OESL) business area.

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Continental supplies tire to 18 of 20 highest-volume EV manufacturers

Continental supplied tires to 18 of the world’s 20 highest-volume manufacturers of fully electric vehicles. These include manufacturers such as BYD, Geely, Volkswagen, NIO, Mercedes-Benz and Renault. In each of the three regions, Europe, Middle East and Africa (EMEA), North, South and Central America (the Americas) and Asia-Pacific (APAC), the premium tire manufacturer supplies nine of the 10 highest-volume electric vehicle manufacturers with original equipment tires. According to the German Association of the Automotive Industry (VDA), every fifth car sold worldwide is already electrically powered.

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Myers Industries announces resignation of CFO Grant Fitz

Myers Industries, Inc. announced on April 2, 2025, that Grant Fitz, the Company’s Executive Vice President and Chief Financial Officer, has submitted his resignation, effective May 2, 2025.

To help ensure a smooth transition, Mr. Fitz will remain in his current role until his departure date, working closely with Daniel Hoehn, Vice President and Corporate Controller. Mr. Hoehn will serve in an interim role until a permanent CFO is named. The company has already launched a formal search to identify candidates.

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Goodyear announces plans for a $320 million expansion of Oklahoma plant

This ambitious project is part of a $320 million, four-year investment designed to enhance the plant’s capabilities to meet the growing demand for larger rim-diameter tires, which are higher-profit and higher-margin products. The expansion will focus on producing tires for electric and autonomous vehicles, aligning with Goodyear’s strategic goals to cater to emerging automotive technologies.

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