Tokyo — Toyo Tires has set new profitability and capital efficiency targets under its new Mid-Term ’26 business plan, aiming to increase operating income by over 20% compared to its previous strategy.

Cairo – A leading Chinese machinery maker is mulling the construction of a tire mould and industrial components plant in Egypt, the Egyptian government has announced. According to a 23 Feb government ...

Earnings (EBITDA) fell 41% year-on-year to €1.8 billion, while operating results (EBIT) drastically declined to €272 million, from €2 billion reported in 2024. Adjusted EBIT came in 8% below the prior ...

Hiratsuka, Japan – Yokohama Rubber Co. (YRC) expects further growth in both sales and earnings in fiscal 2026, following record results in 2025. For the year ending 31 Dec 2026, YRC forecasts revenue ...

Pune, India – Nitta Corp. has completed the construction of a new factory at the existing site of its subsidiary Nitta Corp. India (NCI) in Haveli, Pune, western India. The facility has a site area of ...

Zeon said the development of “novel, makeable molecules” is important in addressing challenges in areas including human ...

Nokia, Finland – Nokian Tyres has launched what it describes as the “world’s first” studded winter tire that automatically adapts to changes in temperature. Introducing an “entirely new” type of ...

Brussels – EU new car registrations fell 3.9% year-on-year to 199,625 units in January 2026, marking a second consecutive challenging start to the year for the market.

Milan, Italy – Pirelli & C. SpA has met its 2025 targets, reporting stable sales of €6.77 billion and improved profitability despite forex volatility, tariffs and input cost inflation. Full-year sales ...

Riyadh – Saudi Basic Industries Corp. (Sabic) has signed a deal with Pirelli and its Saudi joint venture partner Public Investment Fund (PIF) for the supply of raw materials for a greenfield tire ...

Gothenburg, Sweden – Scandinavian Enviro Systems AB (Enviro) is to “apply for a company reorganisation” at Gothenburg District Court and has “sufficient liquidity” to operate over the first three ...

Moscow – Cordiant Holding has forecast a 17% decline in Russia’s passenger car tire market for 2025, linking the downturn directly to weaker vehicle demand. The outlook was outlined by marketing ...