Today's News

Covestro completes acquisition of former Vencorex sites in Thailand and the US

On July 1, 2026, Covestro completed the acquisition of two former Vencorex production sites for HDI derivatives in Rayong, Thailand, and Freeport, Texas, USA.

With the acquisition, Covestro expands its production footprint for HDI derivatives and reaffirms its commitment in two important regions, while strengthening its ability to serve customers in the coatings and adhesives industry with greater flexibility and reliability.

Lubrizol inaugurates medical tubing site in Chennai

Lubrizol and Polyhose inaugurated a new medical manufacturing site in Chennai, Tamil Nadu. The facility will manufacture precision extruded medical tubing for minimally invasive devices, supporting India’s rapidly growing medical technology and healthcare sectors.

Continental to build wind farm to power Korbach tire plant

Continental has decided to build its first company-owned wind farm near its tire plant in Korbach, in the municipality of Twistetal (Hesse, Germany). It will supply electricity to the tire plant in Korbach (Hesse), which is about eight kilometers away. With this project, the tire manufacturer is diversifying its energy supply, accelerating its transition to renewable energy, improving the plant’s cost competitiveness and reducing its dependence on energy markets.

Webfleet celebrates triple European awards success

Webfleet, Bridgestone’s advanced fleet management solution, has received three industry awards in Italy and Poland, recognizing its innovation across fleet management and artificial intelligence, as well as its contribution to road safety.

U.S. Customs to auction 12,000 tons of seized aluminum

.S. Customs and Border Protection (CBP), through its sales agents Amentum and CWS Marketing Group, will conduct the second and final public auction of approximately 12,000 tons of seized aluminum profiles on July 23, 2026, in Riverside, California.

This auction represents the final offering of aluminum profiles seized by CBP in 2017. The first auction successfully sold approximately 10,000 tons, with this event offering the remaining inventory of more than 24 million pounds.

Smithers is expanding its distribution testing laboratory in the UK

Smithers is expanding its Distribution Testing laboratory in Leatherhead, UK, to meet growing demand. Construction is currently underway, with completion expected by the last quarter of 2026.

The expanded facility will deliver a 55% increase in total footprint, adding an additional 3,800 sq ft of conditioned laboratory space and will further enhance testing capacity. The investment reflects increasing demand across sectors including e-commerce, consumer goods, pharmaceuticals, and medical devices, as products move through more demanding distribution environments.

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