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Ashland amends agreement with Ineos for its composites business and butanediol facility in Marl, Germany

  7/11/2019 - Covington, KY - Ashland Global Holdings Inc. announced an amendment to the purchase agreement for the sale of its composites business and butanediol (BDO) manufacturing facility in Marl, Germany to Ineos Enterprises. The amendment includes the removal of the maleic business from the sale, while the purchase price remains unchanged at $1.1 billion. Ashland's maleic business consists of one facility in West Virginia which generates annual revenue of approximately $75 million. Ashland will retain full ownership of and be solely responsible for operations of the maleic business moving forward. The company intends to divest the maleic business after closing with all proceeds, less reasonable costs incurred by Ashland, being paid to Ineos Enterprises. The sale of the composites and Marl BDO business is expected to close in late summer 2019, subject to certain customary regulatory approvals, standard closing conditions and completion of required employee information and consultation processes.

Friday, July 19, 2019

Goodyear to report second quarter results July 26 - click to expand

Continental wins design complaint against Heuver Bandengroothandel B.V. - click to expand

Tire Industry Association elects Mason Hess of Purcell Tire & Rubber as board secretary - click to expand

Global liquid silicone rubber market forecast to reach $3.83 billion by 2026 - click to expand

Book of the day: Thermoplastic Elastomers - click to expand

PPG announces a $0.03 per share increase in the company’s dividend - click to expand

Thursday, July 18, 2019

Lubrizol Corporation announces acquisition of Bavaria Medizin Technologie GmbH - click to expand

Tire Industry Association appoints David Zielasko as vice president of marketing and communications - click to expand

Specialty tapes market forecast to reach $59.3 billion by 2024 - click to expand

Continental begins construction of motorcycle tire factory in Thailand - click to expand

Maxxis to open distribution facility near Indianapolis, Indiana - click to expand

Wednesday, July 17, 2019

Career fair to be held during the Rubber Division's International Elastomer Conference - click to expand

Goodyear to invest $180 million in North Carolina tire plant - click to expand

Rep International names Jim Wirtz president - click to expand

NBR latex market size is forecast to exceed $2.4 billion by 2025 - click to expand

German RepRap launches 3D printing platform that can print liquid silicone rubber - click to expand

Wacker to showcase novel silicone laminate with electroactive properties at K2019 - click to expand

Tuesday, July 16, 2019

Toyo Tire to increase capacity at U.S. tire production facility in Bartow County, Georgia - click to expand

Nitrile butadiene rubber production in North America anticipated to reach 50,000 tons in 2023 - click to expand

Hillenbrand to acquire Milacron in cash-and-stock trade valued at $2 billion - click to expand

Goodyear declares quarterly dividend - click to expand

The International Rubber Study Group (IRSG) announces a call for rubber-related economic research papers - click to expand

Global green tire market forecast with a 20.63 percent CAGR through 2023 - click to expand

Monday, July 15, 2019

Goodyear sends silica science package to the International Space Station - click to expand

Wacker sets benchmarks in multimaterial printing and precision with ACEO technology - click to expand

GRI hires senior industry executive as head of global sales - click to expand

Tokai Carbon CB to increase prices in North America - click to expand

Bridgestone to launch new Blizzak studless winter tire - click to expand

Market Reports

Global farm tire market size is expected to reach $7.01 billion by 2025 - click to expand

Global silicone gel industry forecast at $2 billion by 2025 - click to expand

Asian and Pacific nitrile butadiene rubber market forecast at 820 thousand tons By 2023 - click to expand

Global liquid silicone rubber market is forecast to reach $3.83 Billion by 2026 - click to expand

Specialty tapes market forecast to reach $59.3 billion by 2024 - click to expand

NBR Latex Market size is forecast to exceed $2.4 billion by 2025 - click to expand

Global green tire market forecast with a 20.63% CAGR through 2023 - click to expand

Nitrile Butadiene Rubber production in North America anticipated to teach 50 thousand tons in 2023 - click to expand

Global silicone solutions for leather & textiles market to expand to $760 million by 2025 - click to expand

Global isoprene market is expected to reach $3.97 billion by 2025 - click to expand

Global aircraft pressure-sensitive tape market forecast at $354 million by 2024 - click to expand

Shape memory polymer market forecast with at a CAGR of more than 25% through 2025. - click to expand

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