The Dutchman started off his career in racing quite early. At 17yrs of age, he became the youngest driver in a Formula 1 World Championship race at the 2015 Australian Grand Prix. Only an year later, he won the 2016 Spanish Grand Prix. This victory made him the youngest driver ever to win a Formula One Grand Prix.

Max Verstappen’s energy on the track is explosive and has catapulted him to becoming Red Bulls lead driver. Being the son of former F1 driver Jos Verstappen, Max is a natural at the wheel and keeps pushing the car to limits of its performance. More noticeably though, he’s been known to push race tyres to the edge and extract tremendous amounts of grip from them in almost all-weather conditions.

The 2021 season has been action packed with Verstappen and Hamilton battling it out for podium space. The rivalry between the two not only makes for an interesting race, but seems to be fuelling the young Dutchman’s dream of becoming the next world champion.

Formula 1 Grand Prix de Monaco is known to be a tough course to race on. It tests the harmony between man and machine with its precision layout. This year’s season saw Verstappen pull into the lead with Sainz in second, and Norris in third. Three former Monaco Grand Prix winners, Kimi Räikkönen, Daniel Ricciardo, and Fernando Alonso, all finished one lap down on race winner Verstappen and finished in 11th, 12th and 13th places respectively.

Verstappen’s victory at the Monaco Grand Prix is just the spark Red Bull Racing needed against its main rival Mercedes and its Lewis Hamilton. A win at Monaco speaks volumes for the kind of precision driving Verstappen’s capable of.

After the race was over, Max was overjoyed and had this to say. “I’m super happy to win the Monaco Grand Prix. It’s such a tricky track and you need a smooth weekend so I’m very pleased with what we have achieved as a Team and of course with Honda. I just had to focus on my own race and make sure I had a clean start. Of course, it all looked under control but to keep your focus for so many laps is the hardest part because it’s easy to relax when you’re in the lead and make a mistake, so you have to keep reminding yourself to leave your thoughts on the road and stay focused. I think pace wise, we were always in control because every time someone tried to push me in terms of lap time, we were able to respond and increase the gap. I’ve never been on the podium here and then the first time it’s a win, so it’s a bit of redemption for the other races I’ve had here. Looking ahead to Baku, Mercedes I think are still the ones to beat, they are very quick on the normal tracks. We are leading the championship and I hope of course to be there at the end of the season because that’s the most important thing so we cannot get carried away. But for now, a massive thank you to everyone in the factory and here at the track, we won the Monaco Grand Prix so let’s enjoy it.”

His team mate Sergio Perez, who finished fourth in the race, had a tough battle with Norris to secure the third place on the podium. The Red Bull racing duo are proving to be tough combination for other drivers. Christian Horner, Team Principal of Red Bull Racing was quoted, “It’s a phenomenal day for the Team. Max was disappointed yesterday that we didn’t get to see him deliver a pole position lap but he dealt with the frustration well and when the opportunity presented itself today he seized it with both hands, driving faultlessly from start to finish to deliver our fifth Monaco victory. Checo also drove an incredibly strong race, the strategy worked well and he had brilliant pace in clean air enabling him to finish fourth. It’s Honda’s first win here since Senna in 1992, the first time they’ve led the championship since 1991 and we have to credit them for their hard work in helping us get to this point. They’ve done a great job and to have three Honda cars in the top six is a fantastic result. As a Team we have great strength in depth and finishing first or second in the first five races of the season is a phenomenal example of teamwork and our ability to fight. There is a long way to go in this championship but we should always enjoy the wins. Commiserations to Charles and Ferrari, it was a tough day for them but great to see them back up there in the mix. The championship is very tight at the top and today was an important step for us.” (TT)

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 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 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.”

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.