Clermont-Ferrand, France - Michelin Group is to axe two production facilities in France, due to the ‘profound transformation’ of passenger-car and truck tire markets in Europe over the past decade.

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.

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, ...

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 ...

Vienna / London – AI mobile data firm Anyline has formed a partnership with TyreSafe, a UK organisation dedicated to raising awareness about the critical role of tires in road safety.

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

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 ...

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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, ...