Category: Uncategorized

Continental mulls additional cost-cutting measures due to COVID-19

German corporation Continental A. G. (Continental) is currently assessing potential cost-cutting measures, including forced layoffs, in response to the growing market deterioration following theCOVID-19 pandemic. Continental said that it was taking a series of new cost-cutting measures this year in…

Toyoda Gosei to merge Indian production subsidiaries

Japan-based automotive parts manufacturer Toyoda Gosei (TG) will reorganise its production subsidiaries in India for “TG One India” – the company is looking to optimise its production network in the country and also intends to develop a more flexible supply…

Trinseo evaluates sale of SM/PBR assets in Germany

Trinseo, a manufacturer of plastics, latex binders, and synthetic rubber, says that it is looking at disposing its styrene monomer assets in Boehlen, Germany, and its polybutadiene rubber (nickel and neodymium-PBR) assets in Schkopau, Germany. The combined Adjusted EBITDA of…