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The Yokohama Rubber Co., Ltd., announced its business and financial results for the first quarter (January to March) of fiscal 2023. Profit attributable to owners of parent declined 4.4% from the same period of the previous year, to \9.7 billion; on a 2.4% decline in operating profit, to \13.2 billion; a 4.8% decline in business profit*, to \13.0 billion; and a 10.1% increase in sales revenue, to \204.3 billion.

Dow and X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced nuclear reactors and fuel technology for clean energy generation, announced that Dow has selected its UCC1 Seadrift Operations manufacturing site (“Seadrift or the “site”) in Texas for its proposed advanced small modular reactor (“SMR”) nuclear project. The project is focused on providing the Seadrift site with safe, reliable, zero carbon emissions power and steam as existing energy and steam assets near their end-of-life

Yokohama Tire is plugging into the latest trend in car customizations: electric vehicles (EVs). The tiremaker has been named Presenting Sponsor of Electrify Showoff Driven by Yokohama. Electrify Showoff is the special new section devoted to the next generation of car culture and customization trends. It’s part of Electrify Expo, North America’s largest EV festival, which kicks-off its seven-city tour May 19-21 in Long Beach, California.

Bridgestone Retail Operations (Bridgestone), a subsidiary of Bridgestone Americas, announced a three-year extension of their relationship with the Maplewood High School Automotive Training Center while honoring this year’s top students during a special ceremony at Bridgestone Tower.

DuPont announced that it has entered into a definitive agreement to acquire Spectrum Plastics Group (“Spectrum”) from AEA Investors. The purchase price will be paid from existing cash balances. The transaction is expected to close by the end of the third quarter of 2023, subject to regulatory approvals and other customary closing conditions.

The course, Rubber Explained, will be held June 1, 2023; 9 a.m. – 5 p.m. ET in-person at ACE Laboratories located at6800 N. Chestnut St., Suite C, Ravenna, OH. A picnic lunch and tour of ACE laboratories facility will be provided.

Freudenberg Performance Materials (Freudenberg) is expanding its product portfolio by adding an elastic variant of its flexible superabsorbers for modern wound dressings. These superabsorbers increase the comfort level for patients as well as enabling longer wear time, thus reducing the frequency of dressing changes. Further highlights at EWMA include components for more sustainable wound care, PU foams with directly applied silicone adhesives, antimicrobial systems and an innovative hydrophilic debridement foam. The global manufacturer will be welcoming visitors to Exhibition Stand 100 in Milan from May 3 – 5.

The Yokohama Rubber Co., Ltd., announces that on May 2, it has completed the acquisition of all outstanding shares of Trelleborg Wheel Systems Holding AB (hereinafter, TWS), a Swedish company engaged in the manufacture and sale of off-highway tires (hereinafter, OHT) for agricultural and industrial machinery, from Trelleborg AB, which was previously announced on March 25, 2022. From the second quarter of fiscal 2023, Yokohama Rubber’s consolidated accounts will include TWS, the estimated impact of which is currently under examination.

Greene Tweed is investing in Korea to support the continued growth of the global semiconductor industry. The company plans to manufacture some of the most widely adopted and advanced elastomer seals that consistently enable reliable performance and meet the most demanding specifications and standards. The facility is expected to start production in early 2024. The new manufacturing site will enable Greene Tweed to increase global capacity, enhance its business continuity plans, and help improve lead times and responsiveness for their global customers.