Category: Industry News

Wacker to reduce workforce by 1,600 in Germany

German chemicals firm Wacker Chemie AG says it is continuing to drive forward its global Pace cost-savings and efficiency programme launched in October 2025, with the aim of reducing costs by over EUR300 million a year and to thereby strengthen…

Rubber market loses momentum amid weak demand

The International Rubber Study Group (IRSG) has released its Rubber Statistical Bulletin for Q1 2026, covering full-year 2025 data. The report highlights a year of marginal growth in global rubber production alongside subdued demand conditions shaped by persistent geopolitical and trade…

Pirelli invests in Univrses; to apply AI tech in tyres

Italy’s Pirelli and Swedish company Univrses have signed an agreement that provides for the integration into the Pirelli Cyber Tyre system of AI?based computer vision technologies. Under the agreement, through which Pirelli has acquired a 30% stake in the Swedish company…

Manuli in jv to manufacture hoses in India

Italian manufacturer of high-pressure hoses Manuli Ryco has entered into a jv arrangement with Labha Global (formerly Labha Automobiles), an Indian investor, with headquarters in Hyderabad, India, whereby Manuli Ryco will now own 51% of the share capital of Mithra Fluidtrans Pvt Ltd, an Indian manufacturer of hydraulic…