Dow announced targeted actions to deliver $1 billion in cost savings. The proactive actions will further reduce the Company’s costs in response to ongoing macroeconomic uncertainty, while reinforcing its long-term competitiveness across the economic cycle.
Specifically, Dow expects to achieve the majority of the $1 billion in cost savings on an annual run-rate through:
$500 million to $700 million reduction in direct costs, primarily focused on purchased services and third-party contract labor; and Decreased labor costs, including through a workforce reduction of approximately 1,500 Dow roles globally.
Giti China was ranked among the top 1% of the tire industry, receiving a Platinum award (with a score of 85) in the 2025 EcoVadis evaluation and a B-rating for both Climate and Sustainability from the Carbon Disclosure Project (CDP), setting the standard for the rest of Giti’s manufacturing facilities to follow. Similar to industry leaders Michelin and Bridgestone, Giti has established itself as a formidable green force in a highly competitive market.
The US car manufacturer Cadillac is relying on Continental’s tire expertise for the original equipment of its LYRIQ-V. The tire manufacturer has received a worldwide original equipment approval for the electric SUV. For the size 22 inches, the electric car runs from the factory on PremiumContact 6 tires. The tire is designed for dynamic and responsive driving while being safe and comfortable. E-vehicles such as the LYRIQ-V in particular benefit from these properties.
In 2024, Brenntag generated sales of 16,237.4 million EUR which is 3.2% below the previous year. The decrease was due to a decline in sales prices and could not be offset by the higher volumes, which on Group level sequentially increased throughout the year. Brenntag’s operating gross profit reached 4,025.4 million EUR and was on par with prior year (-0.2%) as higher volumes compensated the lower gross profit per unit margins. With an operating EBITA of 1,101.9 million EUR (-12.5%), Brenntag met its guidance from August 2024 at the lower end. The decline in earnings stemmed from both divisions and was due to higher volume-driven costs and inflationary impacts. Earnings per share amounted to 3.71 EUR (2023: 4.73 EUR). Brenntag achieved a strong free cash flow of 892.6 million EUR in 2024. It was below the exceptionally high free cash flow of 1.7 billion EUR in 2023, due to the decline in operating EBITA as well as movements in Brenntag’s working capital.
REGOM has joined the Recycled Materials Association (ReMA). This partnership aligns with goals to expand REGOM in the U.S. market and connect with tire recyclers and tire industry players across the country.
The Recycled Materials Association (ReMA) is an association that promotes safe, environmentally responsible, and economically sustainable recycling through advocacy, networking, and education.
hirty years ago, Continental used silica for the very first time in its tread compounds for car tires. The properties of this filler revolutionized the driving safety and energy efficiency of tires. Rolling resistance has been significantly reduced, and braking distances have since been cut by nearly 50 percent. This was made possible by the special surface properties of silica, which can form chemical bonds with the rubber polymer. During vulcanization – the process in which the tire obtains its shape – silica, as well as other components, is responsible for the formation of a very strong network between the rubber molecules. The result is an elastic tire with excellent safety properties.
Sponsored by:
This issue focuses on
Extrusion
The issue is available online to our subscribers via our digital edition.
To subscribe, click here. For advertising information click here.