Going For The Gap That Doesn’t Exist

The first example of this was seen in 1989 when Alain Prost hit Ayrton Senna on the first lap of the final race at Suzuka. While Senna carried on and won the race, he was disqualified for cutting the chicane and thus handing the championship to Prost. Twelve months later, at the same venue, Senna took redemption by deliberately crashing into Prost to win his first F1 championship.

While F1 took note of the incident, little was done to avoid further incidents, and thus, in 1994, things repeated with Michael Schumacher turning in on Damon Hill to clinch the championship by one point. Schumacher repeated this attempt on Jacques Villeneuve three years later, only to be disqualified from the championship for deliberately hitting another driver. These incidents forced then FIA president Max Mosley to intervene and set up rules to stop drivers from taking out each other. But two decades since the Schumacher incident, no driver has tried to put the rules to the test, barring the 2016 season when tensions were running high between teammates Nico Rosberg and Lewis Hamilton, leading to multiple collisions through the season. But looking at the 2021 season, it seems like the rule will be finally implemented. The heated battle between Hamilton and Max Verstappen is through the roof, with the duo colliding on two occasions in the 2021 season. 

Coming into the 2021 season, things looked heated as Red Bull finally fielded a competitive car that is considered the best on the grid. On the other hand, affected by the recent rules change, Mercedes started on the backfoot during pre-season testing. With protagonists from both teams gunning to clinch the title, things began to heat up from the first race in Bahrain, where the Mercedes and Hamilton won the race after a close wheel to wheel battle with Verstappen. Determined to win the title, Verstappen and Red Bull adopted every tactic in the book to win the next round in Italy and swing the championship in their favour.

With Verstappen aiming for his maiden title and Lewis for his eighth, both drivers gave their 100 percent on the track, resulting in fantastic wheel-to-wheel racing in Bahrain, Imola, Portimao, Barcelona and France that was missing from F1 for over a decade. This close wheel to wheel racing has resulted in the championship swinging both ways, race after race. During the initial phase of the championship, both drivers raced with mutual respect. But just before the summer break, during round 10 of the championship at Silverstone, the rivalry took an ugly turn. Verstappen and Hamilton collided at the Corpse corner on the first lap of the race, resulting in a 51G crash that saw Verstappen spinning into the tyre barrier. This was the spark that ignited it all.

Following the crash, Lewis was handed a 10-sec time penalty which in no way affected the result of the race. In the end, Lewis won his eighth British GP and celebrated in style. This trigged Red Bull team principal Christian Horner, who accused Hamilton of ‘dirty racing’. While the drivers refused to engage in a war of words, the team principals were going at each other. F1 went for its summer break, with Lewis leading the championship by just six points.

Coming back from the summer break, Verstappen won back to back at the Spa-Franco champs and at his home track in the Netherlands.

Just when the war of words had started to settle down and the championship had swung in Red Bull and Verstappen’s favour, the two championship rivals collided on lap 26 of the Italian GP at Monza. Frustrated by an 11.1-second pit stop which put him directly into Hamilton’s path, Verstappen was pushing hard on a fresh set of hard tyres. On lap 26, Hamilton pitted for a new set of tyres and caught McLaren’s Lando Norris and Verstappen at the pit exit. After letting Norris pass, Hamilton stuck to the racing line into the Variante chicane. Seizing the opportunity, Verstappen attacked to the outside of Hamilton. Not yielding, both drivers stuck to their racing lines and collided. The collision saw Verstappen’s car bounce off the sausage kerbs and pitched onto Hamilton’s car, clipping the rear wing and roll hoop of the Mercedes before landing heavily onto the Halo. Both the cars got beached in the gravel with one on top of the other.

A disgruntled Verstappen got off the car and walked away, blaming Hamilton for the crash. Talking post-race, Verstappen complained, “He kept on squeezing me to the left. I expected him to give me space going into turn 2, but he left me without enough road.” Reacting to it, Hamilton, said, “I left him a car’s width going into the first corner and I was ahead going into the corner. The next thing I know, Max was over me. He obviously knew at that point he wasn’t going to make the corner and drove into me.”

After the race, the stewards reviewed the incident and handed Verstappen a three-place grid drop for the Russian GP. The stewards found that Verstappen was never in front of Hamilton and hence was predominantly to blame for the collision. Reacting to the penalty, Mercedes team principal Toto Wolff accused Verstappen of a tactical foul.

Verstappen will be ready for redemption at the Russian GP. Eager to bounce back from his three-place grid penalty and win at the Sochi Autodromo and break Mercedes dominance at a circuit that suits the Mercedes car the best. While the blame game continues, F1 pundits predict that the two title rivals will clash again before the end of the championship. With eight rounds left in the championship, Verstappen leads Hamilton by just five points. It’s all to play for in the championship, with either driver giving it their 100 percent.

With a three-place grid penalty to serve at a track that does not favour the Red Bull Car, will the Milton Keynes-based team opt to take engine penalty and push during the race with a new engine, or will they postpone the new engine for another race? Will Verstappen adopt a more polite approach towards his driving? Will the teams and drivers race fair with mutual respect? We have to wait and watch. But for the fans, this championship is an exciting one that will go down to the wire and enter the record books as the most entertaining season in the recent past. (TT)

Eurogrip Tyres Displays Premium Two-Wheeler Tyres At F2R Expo

Eurogrip Tyres Displays Premium Two-Wheeler Tyres At F2R Expo

Eurogrip Tyres, the leading tyre manufacturer in India, showcased its premium two-wheeler tyres at the 17th edition of Feria 2 Ruedas (F2R) International Motorcycle exhibition held at Plaza Mayor, Medellin, Colombia. The dates of this high-profile business event in South America's two-wheeler sector are 15–18 May 2025.

For more than 17 years, the Feria de las 2 Ruedas (F2R) has been the leading motorcycle industry event in Latin America. The expo, which takes place every year in Medellín, Colombia, is a vibrant venue for commerce, innovation and growth in the motorcycling sector. Additionally, it gives aficionados the chance to investigate the most recent developments and trends in the industry. The company showcased its premium lineup at exhibit N24 in the Tented Pavillion, which included a range of sport touring, off-road and trail tyres. High-performance versions including the Roadhound, Protorq Extreme, Trailhound STR, Climber, Bee Connect, Terrabite DB+ and Badhshah LX were on display.

P Madhavan, Executive Vice-President – Marketing & Sales, TVS Srichakra Ltd, said, “Eurogrip is focused to deliver innovative products for the global markets. Latin America is a priority market for us, and F2R Expo is a promising platform to engage with our target audience. We are looking forward to interesting business opportunities arising from this expo. Such specialised industry tradeshows add exceptional value to our quest in becoming a leading global tyre brand delivering world class tyre technology.”

Denka Records USD 108 Mln Impairment Loss, Halts US Chloroprene Rubber Production

Denka Records USD 108 Mln Impairment Loss, Halts US Chloroprene Rubber Production

Denka Company Limited announced it would record an extraordinary loss of approximately 16.1 billion yen (£85.8 million) as an impairment on manufacturing facilities at its US subsidiary. It will indefinitely suspend chloroprene rubber production at the Louisiana plant.

The Japanese chemical manufacturer, which holds a 70 percent stake in Denka Performance Elastomer LLC (DPE), cited mounting operational challenges, including unexpectedly high costs for pollution control equipment and declining production volumes at the American facility.

“DPE has faced significant cost, production and other challenges at its facility in the United States,” the company said in a statement. “Rising costs are attributable to, among other factors, identification, design, purchase, installation, and operation of pollution control equipment to reduce chloroprene emissions that DPE did not anticipate being required when it acquired the facility from E.I. DuPont de Nemours and Company.”

The subsidiary was established in December 2014 and acquired the chloroprene rubber business from DuPont in November 2015. The Louisiana facility was intended to serve as a second manufacturing site in North America, complementing Denka’s Omi Plant in Itoigawa, Niigata, Japan.

However, according to the company statement, DPE has struggled with multiple operational issues, including “rising energy costs and a shortage of qualified staff necessary to operate new pollution control equipment and implement other emission reduction measures. “

Production volumes have declined partly due to “operational restrictions arising from the pollution reduction measures and unscheduled plant outages associated with supply chain disruptions and severe weather events,” Denka said.

The company noted that these challenges, combined with changes in the global economic environment for chloroprene rubber, have pressured profitability, making near-term improvement difficult.

Denka confirmed that DPE employs 250 people as of December 2024 and will not restart its chloroprene rubber manufacturing facilities following a regular maintenance shutdown. Instead, “all options for the business, including a potential sale of the business or its assets, will be considered,” the statement said.

The company emphasised that “no decision regarding a permanent closure of the facility has been made at this time.”

Customers will continue to be supplied from current inventories and production at the company’s Omi Plant in Japan.

DPE is 70 percent owned by Denka USA LLC, a wholly owned subsidiary of Denka Company Limited, and 30 percent by Diana Elastomers, Inc., a subsidiary of Mitsui & Co., Ltd.

Yokohama Rubber Posts Sharp Profit Drop Despite Revenue Growth in Q1

Yokohama Rubber Posts Sharp Profit Drop Despite Revenue Growth in Q1

Yokohama Rubber reported a 56.9 percent year-on-year decline in profit attributable to owners for the first quarter of 2025, despite posting a 9.0 percent increase in sales revenue.

The Japanese tyre maker recorded a profit of 8.53 billion yen for the three months ended 31 March, down from 19.8 billion yen in the same period last year. Business profit fell 3.2 percent to 24.07 billion yen, while sales revenue rose to 275.12 billion yen.

The company maintained its full-year forecast, projecting an 11.4 percent increase in sales revenue to 1.22 trillion yen and an 8.8 percent rise in profit to 81.5 billion yen for the fiscal year ending 31 December 2025.

Yokohama Rubber attributed the profit decline to one-time costs related to its February acquisition of Goodyear’s off-the-road (OTR) tyre business, which it purchased for approximately 143 billion yen.

“Profit from existing businesses was strong,” the company said in its earnings statement. “In addition to increased sales volume for the company’s consumer tyres, mainly in overseas markets, and continued expansion of sales of high-value-added ADVAN, GEOLANDAR, and Winter tyres as well as high-inch tyres, profit was boosted by the MB segment’s MIX improvements and structural reforms.”

The tyre segment, which accounts for 91percent of the group’s consolidated sales revenue, saw a 10.4 percent increase in sales to 250.32 billion yen. Original equipment tyre sales were higher year-on-year, driven by “strong sales in Japan of vehicle models equipped with YOKOHAMA tyres and expansion of shipments for Chinese automakers’ new energy vehicles,” the company said.

Replacement tyre sales also increased, supported by higher sales of summer and winter tyres in Japan, increased sales of high-inch tyres in Europe, and stepped-up sales efforts in Asia.

The MB (Multiple Businesses) segment, which represents 8.4 percent of total sales, experienced a 3.2 percent revenue decline to 23.02 billion yen. This was attributed to lower demand from construction machinery makers in Japan and automakers in North America.

The company described an “upbeat” business sentiment in Japan for the quarter, noting that “a steady recovery in inbound demand and increasing orders for construction and logistics projects compensated for weak consumption by domestic households curbing spending in response to rising prices of consumer goods.”

Overseas, the company observed rising inflation concerns weighing on consumer spending in the United States, while in Europe, “manufacturing industries are rebounding and corporate business sentiment is improving.” In China, personal consumption was boosted by the Spring Festival holiday, but high US tariffs “reduced China’s exports and created uncertainty about the future that is weakening industrial activity.”

Nynas Delivers Robust 2024 Performance, Outlines Strategy Through 2035

Nynas Delivers Robust 2024 Performance, Outlines Strategy Through 2035

Swedish speciality chemicals firm Nynas reported solid financial results for 2024, posting an Adjusted EBITDA of 1,333 million Swedish kronor, marginally higher than the 1,316 million kronor recorded in 2023.

The company, which specialises in naphthenic speciality oils and bitumen products, attributed its performance to operational efficiency and commercial success in its niche markets.

“We are delighted with the progress made during 2024, evidencing our right-sized cost base and a more targeted commercial and manufacturing footprint. We have redefined our strategic direction, positioning Nynas as a speciality chemicals company, enabling the energy transition and setting our course for 2035,” Nynas CEO Eric Gosse said in a statement.

The firm highlighted strong cash generation from operations, which it said would support planned investments and longer-term growth initiatives. Nynas also mentioned the ongoing transformation of its Harburg site with plans to monetise the asset eventually.

All three of the company’s production facilities maintained high operational reliability between 95 percent and 99 percent. The Nynäshamn refinery achieved a notable milestone: in May 2024, it set a new monthly production record for naphthenic speciality oils at 42,000 tonnes.

Strategic pivot towards sustainability

Nynas outlined a strategic shift focused on higher-margin speciality materials with sustainable characteristics. The company aims to strengthen its position in European markets through innovation and sustainability initiatives.

“Nynas is uniquely positioned to contribute to the energy transition. Our strategy reflects our purpose to advance a more sustainable society, and our product development pipeline is fully aligned with this goal," Gosse added.

In 2024, the company received an EcoVadis Gold rating, placing it in the top 5 percent of globally rated businesses for sustainability performance.

With consecutive years of strong financial performance, Nynas indicated it continues to monitor debt capital markets to optimise its capital structure “at the appropriate time potentially”.

The Swedish chemicals producer noted that, having ceased operations in the United States in 2022, it remains largely insulated from recent global trade tensions surrounding US import tariffs. The company imports only minimal feedstock from America, shielding it from potential cross-border trade disputes.