ERJ: News stories of the week
28 Jul 2023
The most-read news reports posted on the European Rubber Journal website over the last seven days
1. Michelin revises up outlook on strong first half
Delivers sales growth of 6% and increase in segment operating income of 11%
2. Goodyear: New directors, strategic review under deal with investor
Elliot “encouraged by Goodyear's openness to taking actions necessary to realise its full potential…
3. Strikes end at Trelleborg UK plants following improved pay deals
Workers accept significantly increased offers at sites in Leicester, Tewkesbury, Bridgewater
4. Wacker adjusts outlook on weak second quarter results
Silicones division reports 82% decline in earnings for the three months to end of June
5. VCI sounds alarm over competitiveness of German chemicals industry
"An industrial electricity price is the only way we can survive in international competition...."
6. Double Coin switching to OTR production at Chinese site
Chinese tire maker adjusting production operations at factory in Jiangsu
7. Marangoni, Ceat join forces to expand retreading in India
Partnership links Italian group's Ringtread technology with Ceat truck and bus tire offerings
8. Datwyler adapts to market pressures, loss of Covid business
Amid economic woes is working on new projects with “considerable future revenue potential...”
9. Michelin urges industry-wide definition for sustainability
French tire maker highlights need for "stringent definition" for sustainable materials
10. Update: Synthetic rubber pricing data
Weekly data compiled by ChemAnalyst based on selected commodity trading activity in Europe
