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Czech Billionaire Michal Strnad Acquires 14% Stake In Pirelli From Sinochem
August 05, 2026
Czech billionaire Michal Strnad has acquired a 14 per cent stake in Pirelli from China's Sinochem in a transaction valued at about €1bn, according to Corriere della Sera. The deal reduces Sinochem's holding to 20.1 per cent and makes MTP, the investment
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Pirelli Posts 13.3% Rise In 1h Net Profit As High Value Strategy Underpins Performance
August 05, 2026
Pirelli reported a 13.3 per cent increase in first-half 2026 net profit to €299m as growth in its High Value tyre business and lower financial charges offset a volatile global market. The company maintained an adjusted EBIT margin of 16 per cent and con
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NOCIL Announces INR 1.3 Billion Investment To Expand Capacity At Dahej Plant
August 04, 2026
The capacity enhancement at Dahej is primarily focused on expanding volumes for peak-utilisation rubber chemical products, through an integrated, backwards-integrated facility. The new investment builds on the earlier announced CAPEX outline of INR 2.5 bi
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BKT Hits Record OHT Volumes, Presses Ahead with INR 30 Bln Expansion Despite Margin Pressure
July 31, 2026
Balkrishna Industries Ltd (BKT) reported its highest-ever quarterly sales volume in the Off-Highway Tyre (OHT) segment during Q1 FY27, with revenue rising 24 per cent to INR 34.09 billion and OHT volumes increasing 16 per cent year-on-year to 93,770 metri
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Cabot Corporation Elevates Erica McLaughlin To President And CEO Following Keohane's Retirement
July 31, 2026
Cabot Corporation has announced a significant leadership transition, with President and Chief Executive Officer Sean Keohane set to retire from his roles and step down from the Board of Directors, effective 30 September 2026. The company has elected Execu
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ReMA President Robin Wiener Joins Tire Recycling Foundation Board Of Directors
July 30, 2026
Robin Wiener, President of the Recycled Materials Association (ReMA), has been appointed to the Board of Directors of the Tire Recycling Foundation (TRF). Her appointment recognises her leadership within both the recycled materials and tyre manufacturing
