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The WTO predicts a 2.7% increase for the rest of 2024 and 2025, while cautioning about potential setbacks from regional conflicts.
The replacement tires supplier secured a $250 million financing agreement with a lender group to support its restructuring efforts.
The company reported a slight increase in sales to $1.1 billion, driven by acquisitions, offset by mixed demand trends.
Although sales decreased, the full-year gross margin increased by 70 basis points compared to the previous year, reaching 41.2%.
NEFCO strengthens its Texas presence with the acquisition and expands to 43 branch locations in the U.S.
The IMF projects a decrease in global inflation while predicting slower 2025 economic growth in the U.S. and other regions.
HCI has formed Driven Distribution Group via acquiring Chicago Parts & Sounds, a distributor of auto parts and accessories.
Southern California-based Triumph Geo-Synthetics is a geosynthetics and erosion control solutions distributor.
The company’s 3Q results showed stronger unit sales and digital growth, despite slight decreases in gross and operating margins.
The new executive will oversee supply chain, manufacturing and operations at the PPE, safety and tools maker.
