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Continental Executive Board has decided, following a strategic review, to conduct a further detailed evaluation on spinning off the Automotive group sector. The aim of having two independent companies is to fully harness Continental’s value and growth potential. Following its detailed evaluation, the Executive Board will make a decision on the spin-off in the fourth quarter of 2024. Subject to the approval of the Executive Board and Supervisory Board, a spin-off and listing of Automotive would then be put to a vote by the Annual Shareholders’ Meeting of Continental AG on April 25, 2025. If approved, the plan is to complete the spin-off by the end of 2025.

Myers reports net sales were $220.2 million, an increase of $11.8 million, or 5.7%, compared with $208.5 million for the second quarter of 2023. The increase in net sales was driven by contributions from the recent acquisition of Signature Systems, partially offset by lower pricing and volumes in both the Material Handling and Distribution segments.

Gross profit increased $7.1 million, or 10.4%, to $75.5 million, driven by performance at Signature Systems, favorable product mix and lower material costs, partially offset by lower pricing and volume, as well as adjusting items related to acquisition and restructuring expenses.

oodyear’s second quarter 2024 sales were $4.6 billion with tire unit volumes totaling 40.1 million. Second quarter 2024 Goodyear net income was $85 million (30 cents per share) compared to a Goodyear net loss of $208 million (73 cents per share loss) a year ago. The year over year improvement was driven by increases in segment operating income. The second quarter of 2024 included several significant items including, on a pre-tax basis, a benefit of $96 million from asset and other sales, Goodyear Forward costs of $40 million and rationalization charges of $19 million. The second quarter of 2023 included pre-tax rationalization charges of $72 million and a $51 million benefit from asset and other sales. Goodyear Forward costs are comprised of advisory, legal and consulting fees and costs associated with planned asset sales.

MAXAM Tire announced the launch of its revolutionary new EcoPoint3 TBR (Truck and Bus Radial) product line, designed to meet the diverse needs of the transportation industry. This high-performance line includes a premium line haul series, a high-performance regional series, and a robust mixed service series, each engineered with advanced technology to deliver superior performance, efficiency, and durability.

The Japan Aerospace Exploration Agency (JAXA) has chosen AGC’s FORBLUE™ S-SERIES fluorinated ion exchange membrane for use in the electrolysis process of its oxygen generation system test model. This system is a crucial component of life support networks in development for human space habitations. Given the stringent requirements for equipment used in space, which must exhibit exceptional durability and energy efficiency under harsh conditions, JAXA’s decision was based on the membrane’s outstanding performance in previous component tests.

Zochem ULC has announced that it has been awarded a Gold Medal in the 2024 annual sustainability evaluation by EcoVadis, achieving a remarkable 95th percentile overall score. This prestigious recognition places Zochem among the top 5% of companies evaluated by EcoVadis, the world’s largest sustainability ratings provider, which has assessed over 125,000 companies globally.

Edison Agrosciences announced the closing of a $600,000 seed financing round. This investment was made possible by the support of current and new investors, including BioGenerator, Missouri Technology Corporation (MTC), Crisp & Company, LLC and others.

Edison Agrosciences is at the forefront of developing more sustainable, domestic sources of critical industrial materials, with a current focus on producing natural rubber from sunflowers. Natural rubber is an essential component in thousands of products used daily, known for its unmatched properties compared to synthetic alternatives.