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Salzgitter AG, as the sole shareholder of Klöckner DESMA Elastomertechnik GmbH, has appointed Mr. Siegfried Köhler as Managing Director Sales & Service as of October 1. Together with Dr. Michael Zaun, who has been Managing Director for the technical and operational areas since September 1, 2022, Siegfried Köhler will lead the company and with him assume responsibility for the four subsidiaries and thus around five hundred employees on three continents.

On 6 October, the Norwegian government presented its state budget proposal for 2024. The proposal contains elements potentially affecting Elkem’s activities in Norway.

CO2 compensation is a government scheme provided to avoid carbon leakage, i.e. where European industry is shut down and moved to countries without CO2 emissions tariffs, causing increased global emissions as well as the loss of green industrial jobs.

Reliance Brands Limited (RBL), through its wholly owned subsidiary in UK (RBUK), has signed a definitive agreement to enter a joint venture with UK-based Superdry PLC, marking a significant new chapter in its partnership with Superdry PLC. The joint venture entity will acquire Superdry’s intellectual property assets for the India, Sri Lanka, and Bangladesh territories. RBUK and Superdry will own 76% and 24% of the joint venture entity, respectively. The consideration for the IP is £40.0 million, which is estimated to result in Superdry PLC receiving gross cash proceeds of £30.4 million (approx. £28.3 million net of fees and taxes) from RBUK.

The Yokohama Rubber Co., Ltd., announced that a car running on its ADVAN global flagship brand tires was the overall winner of Round 8 of the 2023 Nürburgring Endurance Series (NLS) held on September 23. The winning car was fitted with ADVAN A005 tires for dry conditions and ADVAN A006 tires for wet conditions.

Effective for all shipments on or after November 1, 2023, or as contracts allow, Cabot Corporation will raise prices globally by up to 9% for carbon black products sold by its specialty carbons business. This price increase will address higher costs associated with continued inflationary impacts on manufacturing operations, including higher operating and maintenance costs. It will also address environmental compliance costs associated with Cabot’s continued investment in necessary technology controls to comply with enhanced environmental regulations at its specialty carbons manufacturing facilities. The increase will vary by product and geography.

In an update provided on September 6, 2023, third party engineer firm Exponent confirmed to Hyundai that certain material formulations used in the O-ring rubber could lose hardness over time. Additionally, the material could be affected by foreign contaminants in the brake fluid, potentially impacting sealing performance.

Falken Tyre Europe GmbH is expanding its 4×4 tire portfolio with the launch of the WILDPEAK R/T01 for demanding terrain – ensuring the manufacturer now has a tire for every off-road application. Engineered with adventure in mind – and across the toughest of applications – the R/T01’s tread design and structure are intended to provide maximum performance on the most difficult terrain.

The Swiss Association for Responsible Investments (SVVK), Switzerland’s largest public pension fund has placed Bollore, the parent company of Salala Rubber Corporations (SRC), on its blacklist, thanks to ‘Bread for All’, a Swiss-based development organization, and its Liberian counterparts, Green Advocates International (GAI) and the Alliance for Rural Democracy (ARD) for persistently representing the legal interests of poor communities affected by the multi-billion-dollar firm.

SRC has cultivated an area of over 4,400 hectares, amidst credible and consistent claims of sexual harassment, land grabs, unfair recruitment practices, forceful eviction of villages, and intimidation, arrest, and illegal detention of local community members and human rights campaigners.

Eriez® announces the appointment of Daryl Leach as Chief Financial Officer (CFO) and Treasurer. According to Lukas Guenthardt, President and CEO, Leach brings a wealth of financial expertise and leadership experience to the Eriez corporate team.
Prior to joining Eriez, Leach played a pivotal role in driving financial excellence and strategic growth at Zeus Industrial Products in Lexington, South Carolina. His career has encompassed a variety of growth-oriented finance roles across diverse sectors, including consumer goods, medical devices, and industrial manufacturing, both in publicly traded and privately held companies.

Bridgestone Americas announced its Azuga Fleet Management Software is now available for purchase in AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS). It marks the first Bridgestone product launch in AWS Marketplace since the company became part of the AWS Partner Network (APN) in an effort to build new solutions, co-market offerings, and reach new customers.