INTERNATIONAL

Bridgestone profits decline, sales remain flat through third quarter

TOKYO—Bridgestone has seen its operating income decline 3 percent to $2.6 billion in the first nine months of 2018, compared to the same period the year before.

INTERNATIONAL

Sumitomo downgrades fiscal 2018 earnings outlook on rising costs

KOBE, Japan—Sumitomo Rubber Industries has downgraded its earnings forecast for fiscal 2018 for a second time, after suffering a 25 percent drop in operating profit for the quarter ended Sept. 30.

SUPPLIERS

Momentive's third-quarter gains put it back in black

WATERFORD, N.J.—MPM Holdings, the parent company of silicone supplier Momentive Performance Materials, posted gains in sales and net income for the third quarter of 2018.

NON TIRE

Wabash receives Indiana Manufacturers Association Hall of Fame award

INDIANAPOLIS—Wabash MPI and its sister company Carver were named recipients of the Indiana Manufacturers Association Hall of Fame award.

INTERNATIONAL

Toyoda Gosei expands in China with acquisition of Hubei Rock

KIYOSU, Japan—Toyoda Gosei is purchasing a majority stake in Hubei Rock Rubber and Seal Technology to strengthen its automotive parts business in China.

INTERNATIONAL

Continental to raise prices for passenger, light truck tires

FORT MILL, S.C.—Continental Tire the Americas plans to raise prices on Continental- and General-branded passenger and light truck tires sold in the U.S. market.

TIRE

Bridgestone Americas CEO Gordon Knapp honored by Nashville Business Journal

NASHVILLE, Tenn.—Gordon Knapp, CEO and president of Bridgestone Americas, was named one of Nashville Business Journal's 2018 Most Admired CEOs.

INTERNATIONAL

Arsenal sells Elite Comfort Solutions to Leggett & Platt

CARTHAGE, Mo.—U.S. bed maker Leggett & Platt plans to buy Elite Comfort Solutions from Arsenal Capital Partners for $1.25 billion in cash.

INTERNATIONAL

Federal court partly remands ITC decision on Chinese truck, bus tires

NEW YORK—Retreaders and tire workers are pleased with a federal court decision partly remanding the International Trade Commission's February 2017 decision not to issue countervailing and antidumping duties against Chinese truck and bus tire imports.

INTERNATIONAL

Yokohama dials back 2018 forecast despite positive 9-month results

TOKYO—Yokohama Rubber has revised downward its earnings outlook for fiscal 2018 despite reporting a double-digit gain in business profit for the first nine months of the fiscal year.

INTERNATIONAL

Evonik company secures funding for silica production plant in Turkey

SAKARYA, Turkey—The European Bank for Reconstruction and Development is lending $16.9 million to a Turkish chemicals company to increase its production of precipitated silica for green tires.