Hankook tyre profit jumps 43% as EV and replacement demand accelerate – Global News Digest, 11 May 2026

Chemicals, commodities & industry trends

UAE exits OPEC, crude supply set to slash South Gujarat manufacturing costs

Iran war sends natural rubber to its highest price in nine years

German chemical confidence crashes to three-year low as supply chains fracture

Naphtha squeeze sends a plastic shock rippling across Asia's entire manufacturing chain

Earnings, results & investor calls

Biocon posts sharp Q4 profit drop despite biosimilars hitting record revenue

Hankook tyre profit jumps 43% as EV and replacement demand accelerate

Capacity, expansion & strategic deals

Jeonnam pumps 5.8 billion won to shield petrochemicals and steel from crisis

Methanex eyes Titan plant shutdown as Trinidad gas crunch leaves no exit

SK Minerals acquires 10 acres in Punjab to power up flame-retardant production

Godavari Biorefineries to add 2 lakh litres daily with new Karnataka plant

German start-up Polytives partners Simcoe Plastics to break into Canadian market

Infiniteria picks Proman to build Europe's most ambitious circular tyre recycling plant

Maharashtra and Recove Ventures bet Rs. 500 crore on closing India's recycling gap

Innovation, sustainability & future materials

Nouryon's new additive restores recycled polypropylene to near-virgin performance levels

Loop Chemicals licenses Sandia breakthrough to bring ammonia production back home

Purdue researchers turn hemp CBD into a high-performance, bio-based PET rival

New review maps the road from basic doping to smart corrosion-warning coatings

Apple and CleanMax pour Rs. 100 crore into India's industrial clean energy drive

UPM, Michelman and Bobst debut bio-based paper packs built for EU compliance

Liberty Tire recycles 215 million tyres and sets the industry transparency standard

Legal, regulatory & compliance watch

India moves to ban Paraquat after experts link it to death and Parkinson's

Industry investment & regional development

Tripura CM urges investors to unlock the state's bamboo and rubber potential

India's chemical plants are finally ditching clipboards for real safety infrastructure

Automotive, tyres & rubber sector

Toyo Tires sweeps three classes on opening weekend of the 2026 COR season