Wacker Chemie AG achieved its sales target for 2015 and slightly exceeded its earnings expectations. When presenting its annual report today, the Munich-based chemical company said that Group sales had advanced to €5.30 billion (2014: €4.83 billion), up about 10…
Category: Industry News
Lanxess and Saudi Aramco announce heads of Arlanxeo
Lanxess and Saudi Aramco are pleased to announce the members of the Executive Board of Arlanxeo, their previously announced 50:50 synthetic rubber joint venture. Both companies will have equal representation on the Board consisting of four members. Lanxess will be…
Top Glove posts progress report
Top Glove Corporation Bhd announced its results for the Second Quarter (2QFY16) and First Half (1HFY16) ended 29 February 2016, defying an intensively competitive environment to deliver a strong performance. The Group delivered Profit After Tax (PAT) for 1HFY16 of…
Yokohama brings Chelsea FC Captain John Terry to Fans in China
The Yokohama Rubber Co., Ltd., announced today that it will be holding an event in Shanghai on March 21 at which Chinese football fans will be able to meet John Terry, the captain of the Barclays Premier League Champions Chelsea…
KBT Tyres new official Magna Tyres partner in Ireland
Magna Tyres Group announced that Mr. Kevin Burke, managing director of KBT Tyres in Athenry, signed a partner agreement for the distribution of Magna Tyres and MTP Tyres in Ireland. “Magna Tyres Group found the ideal partner in Kevin Burke…
Bridgestone GCR names new executive director
Doyle Bradford has been appointed Executive Director, Service Offering, for GCR Tires & Service (GCR), a division of Bridgestone Americas Tire Operations (BATO). A newly created position, Bradford will lead the design and creation of a standard service offering that…
Cabot Corporation appoints new CEO
Cabot Corporation today announced that Patrick M. Prevost resigned as President and Chief Executive Officer. Mr. Prevost served as president and CEO for eight years and his resignation became effective on March 11, 2016. Mr. Prevost will continue to be…
Israel Tyre market to reach US$589 mn by 2020
With a population of 8.21 million as of 2014, Israel is a densely populated country located near the eastern shore of the Mediterranean Sea. In 2014, the country had a high motorization rate (passenger cars and commercial vehicles) of more…
Cooper Standard to buy back stock
Cooper-Standard Holdings Inc. approved a securities repurchase program, authorizing the Company to repurchase, in the aggregate, up to US$125 million of its outstanding common stock or warrants to purchase common stock. The authorization replaces the remaining balance of a previous…
Michelin Guide arrives in Seoul in 2016
Michelin Guide inspectors will fo to Seoul to check out the city’s dining scene in preparation for a guide to Seoul’s first-ever selection of Michelin hotels and restaurants. Available in the second half of 2016, the 27th edition of the…