Akron, Ohio – Goodyear Tire & Rubber Co. is raising $500 million (€440 million) through a five-year senior notes offering, the US tire maker announced 29 May. The notes, priced at 100% of face value, ...

Tokyo - Natural rubber (NR) futures ended the final trading week of May "sharply lower" across all major exchanges with increased trading volume.

In a 30 May securities disclosure, Hankook stated that a current executive, identified as "Cho," was sentenced to three years in prison on charges of occupational embezzlement and breach of trust. As ...

Hiratsuka, Japan – Yokohama Rubber Co. (YRC) has announced that it has ‘eliminated’ counterfeit versions of its aluminium wheels for Advan racing tires in China.

Guangrao, China – China’s Shandong Yongsheng Rubber Group has announced plans to build a tire manufacturing plant in Morocco to become the second Chinese manufacturer with a production base in the ...

Brussels – New EU car registrations grew 1.3% year-on-year in April to 925,359 units, showing “signs of recovery” despite the unpredictable global economy, the latest data published by European ...

Essen, Germany – Evonik aims to raise its adjusted earnings (EBITDA) by €1 billion by 2027 under a new strategic setup, the ...

Bhuj, India – Balkrishna Industries Ltd (BKT) has unveiled a INR35 billion (€360 million) three-year investment plan aimed at ...

Ponta Grossa, Brazil – ContiTech AG has officially completed an expansion project at its conveyor belt production facility in ...

The favourable impact of foreign exchange rates amounted to €2.8 million, of which the US dollar accounted for €2.3 million. Akwel said vehicle output contracted in most major manufacturing countries ...

The company will invest ZAR15 million (€740,000) to set up Aeolus Tyre South Africa Pty Ltd, based in Johannesburg, and AUS$2.4 million (€1.4 million) to establish Aeolus OTR Australia Pty Ltd, based ...

According to TSRC, the certification process for the new plant’s products is currently underway with global tire customers. In the meantime, in a separate statement, TSRC published an environmental ...