Akron, Ohio – Goodyear has raised its savings target from an ongoing transformation plan to $1.5 billion (€1.37 billion), up 50% compared to the original $1 billion announced late last year.

The trading week ended 1 Nov closed lower across all markets, driven by “continued long liquidation and profit-taking that pushed prices to their lowest levels in four weeks,” JPX reported 4 Nov.

But, it added, supply is set to tighten in the NR market due to disruptions to production caused by recent typhoon Yagi and flooding in growing regions in China, Thailand and Vietnam. ANRPC went on to ...

According to CGT, all three Michelin sites have seen significant cost-saving measures since 2019, with employee numbers cut by: 112, or 28% at Vannes; 368, or 28% at Cholet; and 85, or 35% at Joué-lès ...

Tokyo - Automotive components supplier Toyoda Gosei (TG) has reported improvements in both sales and earnings at its European operation during the second quarter of its fiscal year. Group-wide, ...

Aura, Finland – Reka Industrial has reported a weak third quarter as uncertainty in the market has led to lower order volumes. For the quarter ended 30 Sept, the Finnish group, which currently only ...

Stockholm – Hexpol AB has reported a 14.0% decline in third quarter earnings (EBIT) to SEK800 million (€70.0 million) on ...

Kuala Lumpur - Malaysia's natural rubber (NR) production for the month of August grew 14.9% year-on-year to just under 36,000 tonnes, according to latest official data. Output for the month was, ...

Nokia, Finland – Nokian Tyres plc has reported a 13.6% year-on-year increase in third quarter net sales to €313.6 million and earnings (‘segments operating profit’) up 55.1% to €30.4 million. The tire ...

Indeed, the UK’s second largest manufacturing exporting sector “has seen growth almost disappear,” in the third quarter of ...

Yeosu, South Korea – Kumho Mitsui Chemicals has start up an expansion project to add capacity for methylene diphenyl diisocyanate (MDI) in Yeosu, in the southern coast of South Korea. The plant, a ...

“As recovery for the glove industry continues to gain traction, the group anticipates continual improvement in sales orders,” said Top Glove 10 Oct. Moreover, Top Glove said sales to the US had been ...