Financials
Natural rubber futures snapped a five-week rally last week as equity markets slumped globally.
Natural rubber futures pricing has maintained its upward momentum of recent weeks on data indicating that demand was outpacing supply.
Natural rubber futures continued to gain for a third week in a row, amid concerns over supply constraints in several producing countries.
VMI's parent the TKH Group reported strong first-half performance for the Dutch-based tire and rubber machinery and systems manufacturer.
Bridgestone Corp. is looking to reduce costs by $450 million by the end of 2024 through various cost-saving measures across its global operations.
Semperit Group reported an increase in earnings for the first half despite a "still challenging market environment."
Orian S.A. reported approximately $60 million in losses after an employee was targeted by scammers.
As Cooper-Standard Automotive Inc. continues to manage its costs, it also continues to innovate. And it is this combination that the company says ultimately will allow it to reach its financial aims.
AirBoss of America saw lower sales in the second quarter, a function of lower sales in manufactured products and decreased volume in rubber solutions.
Latex glove maker Hartalega reported a first-quarter sales increase of over 30 percent, noting early signs for improved rubber glove demand.
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