Cooper Standard, an automotive supplier, has reported higher second-quarter sales but lower earnings due to higher raw material costs, inflation, and tariffs. For the three months ended June 30, sales increased 2.2% year-on-year to $721 million, while adjusted earnings (EBITDA)…
Apollo Tyres has secured an off-take deal to maintain supplies of high-end agricultural tires following the closure of its Enschede plant in the Netherlands. The company’s finance chief, Gaurav Kumar, stated that establishing a new plant in India is not…
Guizhou Tire Co. Ltd., a Chinese tire maker, has completed the overseas investment registration for its planned 6-million-unit passenger car radial tire plant in Morocco, clearing the domestic approval procedures required for the project. The company’s wholly owned subsidiary, Guizhou…
ENEOS Holdings Inc. has agreed to acquire US chemical producer TPC Holdings Inc., a deal that will give the Japanese group the world’s third-largest butadiene production capacity. The transaction, carried out through a merger between TPC and a special-purpose vehicle…
On October 1, DESMA, a major player in rubber and silicone moulding machinery, will host an open house event at its main plant in Fridingen, Germany. The event will showcase the latest developments and future trends in elastomer processing, with…
The International Institute of Synthetic Rubber Producers (IISRP) has published its Worldwide Rubber Statistics 2026 edition, a comprehensive overview of synthetic rubber production capacity worldwide. The data book, produced annually for over 30 years, provides detailed analysis of synthetic rubber…
The U.S. government now forecasts that oil supply disruptions tied to the ongoing U.S.-Iran conflict will continue at roughly 600,000 barrels per day through the end of 2027, as shipping through the Strait of Hormuz remains severely constrained. According to…
Mexico’s heavy-duty commercial vehicle output surged 51.8% year-over-year in July, reaching 14,675 units, according to data from the National Institute of Statistics and Geography (INEGI). Exports of trucks and buses built in Mexico also climbed 66.7% to 13,117 vehicles, with…
Wesley Batista Filho, the incoming CEO of JBS, expects the company’s U.S. beef business to benefit from restructuring efforts and the resumption of Mexican cattle imports. The company faces pressure from a prolonged U.S. cattle shortage and New World screwworm…
ACV Auctions Inc., a digital wholesale marketplace for used-car dealerships, is reviewing strategic options that may include a sale or a partnership after receiving takeover interest, according to people familiar with the matter. The Buffalo, N.Y.-based company has engaged financial…