ENEOS Acquiring TPC to Become World’s Third-Largest Butadiene Producer
ENEOS Holdings Inc. has agreed to acquire US chemical producer TPC Holdings Inc., a deal that will give the Japanese group the…
Market & Business
Incoming JBS CEO Seeks Improved Beef Margins
Wesley Batista Filho, the incoming CEO of JBS, expects the company’s U.S. beef business to benefit from restructuring efforts and the resumption…
Trump extends Jones Act waiver with tighter restrictions on foreign-flagged ships
President Donald Trump has extended a 90-day Jones Act waiver, allowing foreign-flagged vessels to transport select energy commodities between U.S. ports, but…
92% of new UK cars are automatics — manuals are fading fast
The UK new-car market has flipped the script on transmissions: automatic gearboxes now dominate to an unprecedented degree. Fresh registration data shows…
Sumitomo Rubber reports 40% earnings jump despite ‘sluggish market’
Sumitomo Rubber Industries (SRI) has posted a 40.6% year-on-year surge in second-quarter business profit to Yen39.8 billion, defying what it describes as…
Yokohama Rubber lifts full-year outlook after blockbuster first half
Yokohama Rubber Co. (YRC) has sharply upgraded its full-year 2026 earnings guidance following a record first half, citing a 54.3% surge in…
Orion Engineered Carbons reports 61% drop in rubber carbon black earnings despite 3% sales rise
Orion Engineered Carbons has posted a 61% year-on-year plunge in adjusted earnings (EBITDA) for its rubber carbon black division during Q2 2026,…
Rubber Futures Rise on Stronger Physical Demand
Natural rubber futures have rebounded over the first trading week of August, with all exchanges posting gains during the week ended 7…
EU Could Fine Daimler Truck 1 Billion Euros Over Emissions Rules
Daimler Truck, the world’s largest truck maker, could face a fine of approximately 1 billion euros ($1.2 billion) if it fails to…
Mazda’s Flagship SUVs Are Struggling, But The Rescue Plan Ignores The Obvious
Mazda’s flagship SUVs, the CX-70 and CX-90, are not performing well in the market, with sales dropping 29 percent and 24 percent…