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Photos: Semperit expands Czech hose plant
VIENNA—The Semperit Group invested $30.4 million in an expansion at the Semperflex Optimit location in Odry, Czech Republic.
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Continental completes NVH footprint with Cooper Standard deal
NOVI, Mich.—Continental's Vibration Controls business has agreed to acquire Cooper Standard's Anti-Vibration Systems business for $265.5 million, subject to closing conditions and antitrust approval in the relevant countries.
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DuPont to build $80 million plant in China
ZHANGJIAGANG, China—DuPont Transportation & Advanced Polymers is investing more than $80 million to build a new manufacturing facility in Zhangjiagang that will produce "compounded high-end engineering plastics and adhesives."
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Japan's auto makers wonder how to go more 'local' under USMCA
TOKYO—North America's auto makers face a new reality of sourcing vehicle content under the free-trade deal agreed to by the U.S., Canada and Mexico. But for Japan's auto companies, the moment is particularly worrisome.
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Wabash receives Indiana Manufacturers Association Hall of Fame award
Nov 13, 2018INDIANAPOLIS—Wabash MPI and its sister company Carver were named recipients of the Indiana Manufacturers Association Hall of Fame award.
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Scottish government, business and union officials work to save Michelin tire plant
Nov 13, 2018EDINBURGH, Scotland—A group of government, business and union officials have combined their efforts in an attempt to prevent the closure of Michelin's tire factory in Dundee, Scotland.
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Bridgestone profits decline, sales remain flat through third quarter
Nov 13, 2018TOKYO—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.
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Sumitomo downgrades fiscal 2018 earnings outlook on rising costs
Nov 13, 2018KOBE, 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.
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Momentive's third-quarter gains put it back in black
Nov 13, 2018WATERFORD, 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.
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Bridgestone Americas CEO Gordon Knapp honored by Nashville Business Journal
Nov 12, 2018NASHVILLE, Tenn.—Gordon Knapp, CEO and president of Bridgestone Americas, was named one of Nashville Business Journal's 2018 Most Admired CEOs.
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Continental to raise prices for passenger, light truck tires
Nov 12, 2018FORT 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.
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Yokohama dials back 2018 forecast despite positive 9-month results
Nov 12, 2018TOKYO—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.
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Arsenal sells Elite Comfort Solutions to Leggett & Platt
Nov 12, 2018CARTHAGE, Mo.—U.S. bed maker Leggett & Platt plans to buy Elite Comfort Solutions from Arsenal Capital Partners for $1.25 billion in cash.
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Federal court partly remands ITC decision on Chinese truck, bus tires
Nov 12, 2018NEW 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.
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