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REP And LWB Strategy Reorientation In China
January 30, 2025
REP and LWB have undergone common reorientation of their strategy in China, wherein REP has sold its shares of the URP joint venture to LWB but will continue to work with URP as sales and service agent for China.
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Bridgestone EMEA Announces Leadership Transition as Dartoux Retires, Ekin to Take Helm
January 28, 2025
Bridgestone EMEA announces a leadership transition as Laurent Dartoux, Group President of Bridgestone EMEA, retires after a decade of impactful leadership. Mete Ekin, with nearly 30 years of experience in the tyre industry, will take over as Group Preside
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Former Bridgestone India Head Parag Satpute Joins Greaves Cotton As MD & Group CEO
January 27, 2025
He started his career with Sandvik as a Product Manager in 1997, and by 2014, he had become MD and Chairman of the Board (subsidiaries) for India operations.
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China National Tire & Rubber Co Eyes Egypt Expansion with New Tyre Factory
January 27, 2025
China National Tire & Rubber Co. plans significant investments in Egypt, doubling heavy-duty tyre production at its Alexandria factory and establishing a new passenger car tyre manufacturing facility on an adjacent 180,000-square-metre plot. The current f
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Orion S.A. Forecasts Slight EBITDA Shortfall, Initiates Workforce Reduction
January 26, 2025
Orion S.A. anticipates 2024 adjusted EBITDA slightly below its $305–$315 million guidance due to FX impacts, cost reduction initiatives, and softer Rubber segment demand.
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Bridgestone to Close Tennessee Tyre Plant, Cut Workforce as Part of Optimisation Plan
January 26, 2025
Bridgestone Americas will shut down its LaVergne, Tennessee, truck and bus radial tyre plant by July 2025, affecting 700 jobs as part of a cost-cutting strategy. The move aligns with its Mid Term Business Plan (2024-2026) to streamline operations and opti
