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Evonik launches Innovation Factory

Chemicals company Evonik is realigning its strategic research unit. The Evonik Innovation Factory operates as an entrepreneurial development unit, accelerating the transition of technological breakthroughs into industrial applications. As the successor to Creavis, it has a clear mandate: innovation with speed, market focus, and application relevance.

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Cooper Tires unveils bold new brand look

For over 100 years, Cooper has earned the trust of drivers who demand more from their tires—and themselves. This heritage runs through the new identity, which pairs Cooper’s proven DNA with a modern aesthetic. The result is a look that signals strength, purpose, and confidence.

The new visual brand system includes updates to its brand marks, a refined color palette, and a more contemporary design language intended to help the brand cut through in crowded retail environments and digital marketplaces.

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Wacker expands production of silicone emulsions in India

WACKER has successfully completed the second expansion phase at its production site in Panagarh, India. In addition to silicone rubber, the site now also operates a production complex (left) for silicone emulsions.

The goods manufactured at the 15,000-square-meter complex fully comply with the good manufacturing practice (GMP) guidelines of the European Federation for Cosmetic Ingredients EFfCI. “Our facilities in Panagarh are truly world-class and will produce top-quality, high-purity products which are in great demand, in particular in the cosmetics and personal care industries,” announced WACKER Executive Board member Christian Kirsten at the commissioning ceremony.

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Lanxess reports 10.9 percent decline for fiscal 2025

The company reported revenue of 5.673 billion euros ($6.1 billion) for 2025, down 10.9% from the previous year, while earnings before interest, taxes, depreciation and amortization (EBITDA) pre-exceptionals fell 16.9% to 510 million euros.

LANXESS attributed the downturn to persistently weak demand across most customer industries, lower sales volumes and continued pricing pressure, particularly from Asian competitors. Lower raw material costs also contributed to reduced selling prices, while unfavorable currency effects and the sale of its Urethane Systems business in April 2025 further weighed on results.

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Bekaert acquires tire reinforcement business from Bridgestone in China and Thailand

Bekaert announced it has reached an agreement with Bridgestone to acquire the tire reinforcement business in China and Thailand. Both companies signed a long-term supply agreement, coupled with the transfer of two of Bridgestone’s captive tire cord manufacturing sites. Bekaert thereby strengthens the leading position of its Rubber Reinforcement division in the global tire reinforcement market. The transaction is expected to close in the first half of 2026, subject to applicable regulatory approvals and customary closing conditions.

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