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Mitsui Chemicals, Inc. announced plans to bolster capacity at its Singapore-based wholly owned subsidiary Mitsui Elastomers Singapore Ltd. by building a new plant to produce the high-performance elastomer Tafmer. The new plant will be located at the company’s Jurong Island plant site and will add 120,000 metric tons per year (m.t./yr) of Tafmer capacity once the plant is complete in 2024.

As part of the project, Ecore is purchasing an existing building in Ozark, which it will equip to reclaim the rubber from used truck tires and use the rubber to manufacture flooring and surfacing products.

After two years of construction, KraussMaffei receives the keys for the new site in Laatzen near Hanover from project developer VGP. Covering an area of around 97,000 m², the new plant offers space for up to 750 workplaces for the production of extrusion systems and recycling equipment for the plastics and rubber processing industries

Cold Jet® announces a $4.9 million capital investment in a new facility due to exponential growth. This facility will house the headquarters, manufacturing, and production all under one roof.

Nokian Tyres plc is reorganizing the Group’s organization and management structure to strengthen go-to-market execution. This is to improve operational efficiency and collaboration, and focus on building the new Nokian Tyres as the company is in the process of investing in new European capacity and exiting Russia.

The What Really Matters platform marks a shift from the company’s traditional product performance marketing campaigns to showcase purpose-driven actions that are improving the way people move, live, work and play. This targeted, multi-channel activation aligns with the company’s evolution from a global leader in tires and rubber to a forward-thinking sustainable solutions company helping shape the future of mobility.

Bridgestone Americas (Bridgestone) announced a major expansion and modernization of its Warren County, Tennessee Truck and Bus Radial (TBR) Tire Plant located in Morrison. The $550 million investment will add 380 new jobs and expand the plant’s existing footprint by 850,000 square feet to support increased capacity and to accelerate the use of advanced technologies that support cleaner, safer and more efficient commercial truck and bus fleets.

The process industry strike in Norway has now been called off and Elkem’s plants at Salten, Rana, Thamshavn and Fiskaa will resume normal production. All plants are expected to be back at normal capacity within a few days. The total financial impact on Elkem from the strike is expected to be limited.

Ford Motor Co. is cutting 3,000 jobs in a move to boost profits as it seeks to fund the $50 billion it plans to spend on electric vehicles. The cuts will come primarily in the U.S., while some positions also are being eliminated in Canada and India, a company spokesman said. The total includes 2,000 salaried workers and 1,000 contract personnel.