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Goodyear reports positive full year and fourth quarter 2024 results

Goodyear’s fourth quarter 2024 sales were $4.9 billion, with tire unit volumes totaling 43.6 million. Fourth quarter 2024 Goodyear net income was $76 million (26 cents per share) compared to a Goodyear net loss of $291 million ($1.02 per share) a year ago. The fourth quarter of 2024 included several significant items including, on a pre-tax basis, rationalization charges of $34 million and Goodyear Forward costs of $31 million. The fourth quarter of 2023 included, on a pre-tax basis, goodwill impairment charges of $230 million and rationalization charges of $200 million. Goodyear Forward costs are comprised of advisory, legal and consulting fees and costs associated with planned asset sales.

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Ecore earns SEAL Business Sustainability award

Ecore’s winning entry, Crafting a Greener Tomorrow: Ecore’s Dedication to Sustainable Solutions, demonstrates the company’s commitment to a more circular economy through sustainable manufacturing processes and environmental initiatives, like diverting more than 430 million pounds of commercial tires from landfills annually and its recent TRUcircularity™ takeback program. Leveraging the potential of rubber waste, Ecore crafts dynamic surfaces that reduce force and exceed industry standards for acoustics, ergonomics and safety.

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Zeon Chemicals appoints Darrin Roe as VP sales & marketing

Zeon Chemicals L.P. announces a leadership change in its Sales & Marketing team. Brian Cail, a 26-year ZCLP veteran who has most recently led ZCLP’s Sales & Marketing team for its Elastomer product lines (ACM, ECO, HNBR, NBR, SSBR, SIS), has been appointed President & CEO of Zeon Specialty Materials, Inc. (“ZSMI”). ZSMI (San Jose, CA) is focused on Zeon Corporation’s C5-based portfolio, including ZEON’s market-leading cyclo-olefin polymer product lines, bio-diagnostics products, and Electronic Chemicals.

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Hillenbrand Inc. announces sale of majority stake in Milacron to Bain Capital

Hillenbrand Inc. has announced the sale of a 51 percent stake in its Milacron business to Bain Capital, a leading private investment firm. The transaction, valued at $287 million, is expected to close in the coming months, subject to customary closing conditions. Hillenbrand will retain a 49 percent ownership stake in Milacron, ensuring continued involvement in the company’s future growth and development.

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Bridgestone develops bespoke premium tires for new Porsche Macan Electric and Panamera models

Bridgestone has been chosen by Porsche to develop bespoke tires for its new Macan Electric and Panamera models. Both vehicles are now available with custom-engineered Bridgestone Potenza Sport ultra-high-performance tires. The third generation of Porsche’s sporting luxury sedan, the Panamera, can also be fitted with tailor-made Bridgestone Blizzak LM005 tires—Bridgestone’s first winter original fitment for Porsche.

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Orion S.A. signs supply agreement for tire pyrolysis oil with Contec S.A.

The agreement with Warsaw, Poland-based Contec further enables Orion to diversify its sources of tire pyrolysis oil, commonly known as TPO.
“With the ConPyro® TPO supplied by Contec, Orion will be able to make large-scale volumes of circular grades of carbon black that will supply growing demand from the world’s leading tire and rubber goods producers,” Orion CEO Corning Painter said. “This is yet another way that Orion is accelerating the transition to a circular economy.”

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