The Company’s net revenue for the fourth quarter of fiscal 2024 was $923 million, up 2.3% versus the fourth quarter of fiscal 2023. Organic revenue declined 0.2% year-on-year, with pricing adjustments reducing organic revenue by 1.5% and volume increasing organic revenue by 1.3%. Foreign currency translation decreased net revenue by 0.2%, and acquisitions increased net revenue by 2.7%.
Read MoreAccording to industry analyses from Transparency Market Research, the tire recycling downstream products market is expected to surpass US$ 7.04 Bn by 2031, growing at a CAGR of approximately 2.89% over the forecast period. This growth trajectory reflects the rising awareness and stringent environmental regulations aimed at reducing the ecological footprint of discarded tires. The market’s expansion is also propelled by technological advancements in recycling processes and the widening applications of recycled tire materials in various industries.
Read MoreCycle-Tek, a Teknor Apex company, announced the launch of two new grades specifically formulated for flexible cord and IMSA applications: Cycle-Tek® 20401-82A BLK 1 and Cycle-Tek® 20401-82A FR BLK 1. Made with up to 50% recycled content, these new compounds add new options for wire & cable manufacturers looking to incorporate more sustainable materials in their cable design.
Read MoreRubber Conversion announced a significant milestone in its sustainability journey—receiving the prestigious Gold Medal in the EcoVadis Sustainability Rating. This achievement places the company in the top 5% of businesses globally, surpassing 95% of companies worldwide assessed by EcoVadis in the last year.
Read MoreThe Goodyear Tire & Rubber Company announced that Don Metzelaar has been named senior vice president, Global Manufacturing and Supply Chain, reporting to Chief Executive Officer and President Mark Stewart, effective January 13.
Read MoreFirestone’s Des Moines Ag Tire Plant has recently introduced a voluntary separation program, offering severance packages to employees willing to leave the company. This decision comes as the agricultural manufacturing industry faces ongoing demand constraints, prompting the company to reduce its workforce. The voluntary separation option is available to all employees, except those in the Maintenance and Powerhouse departments, and aims to minimize the impact of potential layoffs.
Read MoreCeresana has analyzed the European market for adhesives for the sixth time. Their latest report highlights the growing importance of adhesive products made partially from renewable raw materials or that are biodegradable. Adhesives should be safe, non-toxic, and easy to recycle: The industry is under considerable pressure to use environmentally friendly joining processes – whether packaging or construction materials, vehicle parts, shoes, or smartphones need to be joined. This new market study shows that adhesive products that are at least partially made from renewable raw materials or are biodegradable are currently gaining in importance. In total, the European demand for adhesives amounted to 3 million tons in 2023.
Read MoreResponding to the rapid growth and increasing importance in the global battery and EV sectors, Shin-Etsu Silicones of America (SESA: A U.S. subsidiary of Shin-Etsu Chemical Co. Ltd., Japan) showcased their SDP-6560 A/B liquid-dispensed gap filling, non-adhesive curing silicone thermal interface material (TIM) at the largest battery technology expo in North America, the 2024 Battery Show held in Detroit. Part of the high performing SDP Series, which are two-part, room-temperature cure silicone-based materials, the product acts as a thermal interface gap filler−providing exceptional thermal conductivity and excellent insulation for electronics applications requiring thermal dissipation.
Read MoreYokohama Europe GmbH, the Group’s European regional headquarters, has provided aid through Caritas, an international charity, to support the reconstruction of the devastated areas in Valencia. Additionally, immediately after the disaster, Yokohama Iberia S.A., the Group’s local tire sales company, delivered supplies such as gloves and daily necessities to temporary evacuation centers, including schools in the Province of Valencia, and continues to provide ongoing support.
Read MoreFalken Tyre Europe GmbH will be making changes to its management team for January 2025. Thomas Langer will be taking over as Sales Director Germany Replacement at Falken. Thomas Langer began his career at Falken in 2010 as a sales representative for the region of Bavaria and Saxony/Thuringia and has been responsible for southern Germany as regional sales manager since 2018. Jürgen Koch, who previously held the position of Sales Director Germany Replacement, will continue to support the company in his new position as Consultant Sales Germany from 1 January to 31 December 2025.
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