On March 11, Elkem ASA announced that it is further strengthening its competitiveness and financial resilience by introducing a new corporate structure and reducing working capital and annual costs following the approval of the announced Silicones transaction. These cash optimising measures amount to NOK 1.3 billion,
On March 3, Norsk Hydro ASA (Hydro) announced a controlled shutdown of aluminum production at its joint venture, Qatalum, in Qatar. After confirmation from its gas supplier about continued reduced supply, Qatalum will stop further curtailment and keep aluminium production at about 60% capacity.
Together with continui
Reported on March 11, 2026, Jetour Indonesia said ongoing tensions in the Middle East have not had a direct impact on its local operations or sales.
The company’s marketing director said Jetour is monitoring global developments, particularly risks to the automotive supply chain, although parts availability and delive
On March 12, 2026, Precision Wires India Limited said the intensifying conflict in the Middle East has begun to affect some of its domestic and overseas suppliers, leading to rising inflationary pressures across its supply chain. The company added that export consignments to the Middle East are being rerouted with al
On March 5, Röhm GmbH raised concerns over the recent escalation in the Middle East. It is closely monitoring developments and remains in constant contact with its suppliers and partners. Röhm stated that it operates a strong and resilient network in all regions across the globe. Based on its current assessment, it d
Announced on March 10, 2026, Vingroup introduced a limited-time “Gasoline Trade-in for Electric” promotion across Vietnam, India, Indonesia, and the Philippines in response to volatile global oil prices. The initiative aims to cushion consumers from rising fuel costs while promoting cleaner mobility.
The program off
On March 10, VW Group announced its plans to cut about 50,000 jobs in Germany by 2030 to reduce costs during its presentation of its 2025 annual results. The job cuts will affect brands including VW, Audi, Porsche, and CARIAD. As part of this plan, the Group will also reduce annual production capacity of 700,000 unit
On March 7, multiple sources reported that Indian OEMs are reviewing their export plans for the Middle East and North Africa (MENA) region due to the war in West Asia. The Middle East is one of the key export markets for Indian OEMs. Maruti Suzuki, Hyundai, Toyota, Nissan, etc are major vehicle exporters for this mar
Since Israeli and US missile strikes on Iran began on 28 February, the effective closure of the Strait of Hormuz has jeopardised global oil and gas transport and is resulting in sharply spiking oil prices that are translating into soaring fuel and heating oil prices. More than a quarter of all sea-borne crude oil is
Rising geopolitical tensions in parts of the Middle East are beginning to weigh on regional automotive demand expectations. The latest GlobalData industry outlook includes a meaningful downward revision to 2026 vehicle sales volumes amid escalating tensions involving Israel, the US and Iran, which have raised uncerta
On March 9, the Ministry of Petroleum and Natural Gas released a gazetted notification to invoke the Essential Commodities Act 1955. This order may be called the Natural Gas (Supply Regulation) Order, 2026. The Central Government has assessed that the ongoing conflict in the Middle East has resulted in the disruption
On March 5, Time Technoplast Limited announced that the current geopolitical environment is pushing up input and logistics costs but emphasized that its risk‑mitigation framework is supporting uninterrupted operations, including in the Middle East and North Africa.
It highlighted that polymer prices have climbed abo
On March 3 and 4, multiple sources reported that the construction of Hyundai Motor's upcoming plant in Saudi Arabia may be delayed because of the ongoing conflict in the Middle East, though at present there have been no issues. The rising tensions in the region have created uncertainty in supply chains, transportatio
On March 7, multiple sources reported that Saipa Automotive Company had resumed production after the end of the official closure period announced by the government. It has started single shift operations. All departments are fully prepared to resume operations.
Based on multiple sources
On March 9, PG Electroplast Limited (PGEL) announced that its gas suppliers have communicated regarding a shortage of gas under its gas sale and purchase agreement due to the constraints faced by certain vessels arising from maritime navigation restrictions, considering the recent ongoing war in the Middle East regio
Reported on March 9, 2026, the automotive club of the Federation of Thai Industries (FTI) warned that Thailand’s vehicle export growth could slow in 2026 due to the escalating Middle East conflict, which could also raise inflation if prolonged.
Potential disruptions to shipping through the Strait of Hormuz, a key exp
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