Financial
Goodyear reported improved net profits for the fourth quarter and the year, as the company began seeing results from its Goodyear Forward transformation plan.
Sumitomo Rubber Industries generated double-digit earnings growth in fiscal 2024, thanks in part to the appreciation of the yen against the U.S. dollar and the euro in the final quarter.
Datwyler saw a 33-percent year-on-year decline in annual earnings, due mainly to a rationalization program launched in the final days of last year. Yet looking forward, the company expects to see continuous increase in revenue and profitability.
DuPont Co. posted higher sales and profit totals in 2024, with sales rising 2.5 percent to nearly $12.4 billion and profit surging 60 percent to $738 million.
Wacker Chemie A.G. reported strong performance within its silicones operations, despite an overall decline in results.
Natural rubber futures ended the first trading week of February mixed as Chinese exchanges resumed trading following the Lunar New Year holidays.
Nexen Tire Corp. reported record revenue of $2.1 billion for fiscal year 2024—up 5.4 percent from the previous year.
Zeon Corp. raised its earnings forecast for its fiscal year ending March 31, due in part to improved margins within its elastomers business.
Despite revenue growing 5 percent, Apollo Tyres Ltd. saw a dip in profits for the third quarter ended Dec. 31.
Nokian posted higher sales and earnings last year versus 2023, due largely to "solid growth" in central Europe.