FINANCIALS

Mitas takeover helps Trelleborg achieve 26 percent sales rise

TRELLEBORG, Sweden—Trelleborg's recent acquisition of Mitas and its focus on digitalization have been key in helping the firm post a strong second quarter.

FINANCIALS

Reliance reports decreases in rubber prices

MUMBAI, India—Reliance Industries reported significant drops in prices for its synthetic rubber materials for the quarter ending June 30.

EXECUTIVE ACTION

Vibracoustic appoints new CFO

DARMSTADT, Germany—Vibracoustic has named Volker Christ as its next chief financial officer, replacing Stefan Eck who is leaving the company at the end of September.

EXPANSIONS

Davis-Standard celebrates Pawcatuck facility expansion

PAWCATUCK, Conn.—Davis-Standard hosted a ribbon-cutting ceremony for the completion of a 15,000-sq.-ft. addition to its Pawcatuck facility.

FINANCIALS

Woman pleads guilty to defrauding Michelin

GREENVILLE, S.C.—A Texas woman has pleaded guilty to three counts of wire fraud for defrauding Michelin North America of approximately $1.4 million.

EXECUTIVE ACTION

Kevin Boyle retires from Birla Carbon

ATLANTA—Kevin Boyle will retire as chief operating officer at Birla Carbon after having served in that role since the acquisition of Columbian Chemicals by the Aditya Birla Group in 2011.

FINANCIALS

Arab investment firm partners with Nexen

ABU DHABI, United Arab Emirates—Mubadala Investment has made an equity investment in Nexen and struck a deal with the South Korean tire maker to "explore strategic partnership opportunities."

FINANCIALS

Rubber rankings top 6 unchanged, but sales slide

The top echelon of the North American rubber product manufacturing industry stayed intact during 2016, with the top six firms holding the same spots as 2015 and only one newcomer to the top 10.

INTERNATIONAL

Hankook concepts receive recognition

BRAMPTON, Ontario—Hankook has received global recognition for design at the International Design Excellence Awards event, hosted recently by the Industrial Design Society of America.

INTERNATIONAL

Apollo plants trees in environment initiative

TAMIL NADU, India—Employees at Apollo's Chennai facility kickstarted the planting of 100,000 trees in Vilanallur village under the company's environment initiative.

ACQUISITIONS

Arsenal goes back to the future with Spartech

NEW YORK—Arsenal Capital Partners isn't wasting any time with its $115 million acquisition of PolyOne's Designed Structures & Solutions unit.