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Canadian court orders Nova Chemicals to pay Dow an additional CAD$1.6 billion

The Court of King’s Bench of Alberta, Canada has issued a judgment ordering NOVA Chemicals Corporation to pay Dow an additional amount of CAD$1.620 billion (equivalent to approximately USD$1.2 billion) in damages. The judgment, signed on June 10, 2025, relates to losses Dow incurred from the companies’ jointly owned ethylene asset in Joffre, Alberta, Canada. The award includes interest to April 7, 2025, but excludes subsequent interest or legal costs. Payment is anticipated to occur in the fourth quarter of 2025.

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Pirelli conquers Pikes Peak with the Ford Mustang Mach-E and Simone Faggioli’s Norma M20 FC

The race took place on Sunday, June 22, in Colorado, where Pirelli engineers supported two elite drivers. Romain Dumas piloted the electric Mustang in the Pikes Peak Open category, while Simone Faggioli—multiple Italian and European hill-climb champion—drove the Norma M20 FC in the Unlimited category, the event’s premier class. Both drivers conquered the iconic “Race to the Clouds,” a 19.93 km course featuring 156 corners and a staggering elevation gain of 1,440 meters, climbing from 2,862 to 4,302 meters above sea level.

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Continental introduces multi-purpose marine hose to streamline vessel maintenance

Continental’s group sector ContiTech has launched Multi-Purpose Marine Hose, its latest single, dependable and versatile solution designed to simplify customers’ marine operations, reduce inventory complexity, and increase safety and efficiency onboard vessels.

This durable hose offers performance across a range of applications, from fuel filler lines and tank vents to wet exhaust systems. Built to meet stringent marine industry standards, including SAE J1527 Type A2, ISO 7840 A2, and SAE J2006 R2, its fire-resistant and kink-resistant design ensures reliable performance in demanding marine environments.

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Styrene butadiene rubber market forecast at $19.7 billion by 2034

The styrene butadiene rubber market is projected to reach USD 19.7 billion by 2034, exhibiting a steady CAGR of 5.5% over the forecast period according to Future Market Insights. This growth highlights strong demand across automotive, construction, and industrial applications, driven by the material’s durability, cost-effectiveness, and versatility. As industries continue to prioritize high-performance synthetic rubbers, the market is expected to maintain a consistent upward trajectory.

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European non-automotive rubber transmission belt market forecast at $1.6 billion

Europe non-automotive rubber transmission belts market size was valued at USD 1,257.27 million in 2023. The market is anticipated to grow from USD 1,272.23 million in 2024 to USD 1,685.83 million by 2032, exhibiting the CAGR of 3.6% during the forecast period according to Polaris Market Research.

The Europe non-automotive rubber transmission belts market is growing due to industrialization and Europe’s rising need for manufactured goods. The market is expanding due to automation trends and technological advancements such smart functions and increased energy efficiency to fulfil the need for material handling processes efficiently across a range of sectors is propelling the European market’s notable expansion and development. Moreover, Europe is considered as trade hub for export for various countries having full connectivity is fueling the growth of this market.

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Lubrizol expands TPU-focused partnership in Europe to North America with IMCD

Lubrizol has an extensive range of medical grade TPU solutions and differentiated design, development, and manufacturing services for medical devices. IMCD is a leading partner for the distribution and formulation of specialty chemicals and ingredients. The company has developed expertise in medical-grade polymers and established an extensive presence in the medical and healthcare market, combining partnerships with leading suppliers and a wide customer base.

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Forkardt Hardinge acquires ATS Systems, expands capabilities in machine tool accessories

Forkardt Hardinge announced the acquisition of ATS Systems. This strategic acquisition strengthens Forkardt Hardinge’s position in the machine tool industry while expanding its capabilities to deliver comprehensive solutions designed to support all major industrial sectors. ATS Systems is a nationally recognized supplier of machine tool accessories including workholding, coolant management systems, bar feeders and more. This acquisition marks the first for Forkardt Hardinge since partnering with Centre Lane Partners in September of 2024.

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