After nearly five years of planning, Continental announced Atlas Energy Solutions has contracted Continental to supply the conveyor belt for the Dune Express, a world-renowned conveyor system accompanied by digital solution components. During the planning phase, the two companies worked closely together to solve various technical challenges that had arisen due to the size and complexity of the project. For example, the total system has an impressive 42-mile length, which includes a world record single conveyor belt flight length of 16.4 miles without a mid-booster drive.

Albemarle Corporation announced its results for the second quarter ended June 30, 2023.
Second-Quarter 2023 and Recent Highlights include: Net sales of $2.4 billion, an increase of 60%; Net income of $650.0 million, or $5.52 per diluted share, an increase of 60%; Adjusted diluted EPS of $7.33, an increase of 112%; Adjusted EBITDA of $1.0 billion, an increase of 69%.

TechnoBiz is organizing 2nd Edition of “Middle East Rubber & Tyre Expo 2023” during 21-22 November 2023 at Sharjah Expo Centre in Sharjah, United Arab Emirates. This event is aimed to be a meeting point rubber and tire industries in Middle East Region. This event is formerly called as “Arab Rubber Expo”. It is renamed as “Middle East Rubber & Tyre Expo 2023”.

– Continental ended the second quarter of 2023 with strong earnings again in the Tires group sector and high order intake in Automotive of around €8.6 billion. The ContiTech group sector achieved solid results, while earnings in Automotive fell short of expectations, mainly due to currency effects and continuing costs for special freight. Furthermore, inflation-related price negotiations scheduled for the second quarter are still ongoing. As a result of updated market expectations in the tire-replacement business, Continental has adjusted its outlook for sales in the Tires group sector and for consolidated sales. The outlook for the adjusted EBIT margins remains unchanged. The technology company therefore expects consolidated earnings to increase in the second half of the year.

The global aircraft tire market is projected to attain a valuation of US$ 1.8 billion in 2023 and is anticipated to reach US$ 3.3 billion by 2033 and is expected to increase at a CAGR of 6.2% during the forecast period according to Future Market Insights.

Ford Motor Company has resumed production of the F-150 Lightning following a six-week shutdown to expand and retool the Rouge Electric Vehicle Center plant to triple manufacturing capacity of the award-winning electric truck.