Author: Publisher

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Hankook Tire announces executive promotions at its North America headquarters

Hankook Tire announces executive promotions at its North America headquarters in Nashville, Tenn. Curtis Brison has been named president of Hankook Tire North America (formerly Hankook Tire America). He succeeds Sooil Lee, who remains CEO of Hankook Tire & Technology. Additionally, Robert Williams has been promoted to senior vice president of Truck, Bus and Radial (TBR) sales. Jong Jin (JJ) Park has been promoted to vice president of marketing.

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Clariant names Dr. Achala Danait as managing director for Clariant India Limited

Effective January 14, 2022, the Board of Directors of Clariant India Limited has appointed Dr. Achala Danait as Managing Director, in addition to her role of leading innovation in Asia Pacific for the Business Unit Industrial & Consumer Specialties. Clariant India Limited is a 100% subsidiary of Clariant AG, which includes the businesses of Additives, Functional Minerals, Industrial & Consumer Specialties and Mining Services.

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Continental’s new UltraContact tire will be available spring 2022

With the new UltraContact, a summer tire for fleets and end customers, Continental is taking to the trends of the changing mobile society. What they have in common is the call for more sustainability, including in tires. Younger drivers, just like older drivers, want personal mobility. But now they’re concerned more with mobility than actually owning their cars. This means that car sharing and rental cars are in greater demand. Electric vehicles will also increase significantly in fleets and end users. In fleets the vehicles will be on the move much more than in individual use. Tires that meet these trends must have a long service life and be robust – and meet the demand for the greatest possible safety.

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Market ReportsNewsrss5

Butyl rubber market forecast with a CAGR of 3.3 percent through 2030

According to ChemAnalyst report from Research and Markets, “Butyl Rubber Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”. Butyl Rubber market witnessed a demand of around 1.4 million tons globally in 2020 and is anticipated to grow at a significant rate with a healthy CAGR of 3.9% until 2030 owing to its surging demand from the Automotive sector. Butyl Rubber is a synthetic polymer, produced by the copolymerization of isobutylene (98%) and isoprene (2%) therefore, also known as isobutylene-isoprene rubber (IIR Rubber). It comprises several significant properties such as chemical inertness, flexibility, low gas, and moisture permeability, good shock absorption, excellent weather & abrasion resistance, and resistance against ozone, and oxygen attack. All these properties of the elastomer make it an ideal material for inner tubes and high-pressure applications. In addition to inner tubes of tires, and high-pressure or vacuum tubes, it also finds applications in the production of wires and cables, gaskets, O-rings, Seals, diaphragms, Liners, hot melts, caulks, bottle closures, and weather stripping. It is also extensively used in adhesives and sealants as binders, and as modifiers. Moreover, it is a cost-effective material with a life span varying from 5-10 years

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Huntsman appoints David Sewell to board of directors

Huntsman Corporation announced that it has appointed David B. Sewell to its Board of Directors. Mr. Sewell currently serves as Chief Executive Officer of WestRock Company, was the Chief Operating Officer of The Sherwin-Williams Company and brings nearly 15 years of senior leadership and operational experience at major materials companies to the Huntsman Board. Today’s announcement brings Huntsman’s multi-year Board director succession plan closer to completion and follows the announcement of several recent strategic actions the Company has taken to support the financial and operational objectives it outlined at its November Investor Day

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Market ReportsNewsrss1

Vietnam Rubber Association forecasts increased rubber prices in 2022

The Vietnam Rubber Association (VRA) forecasts that the global supply of natural rubber may lack due to the impact of the prolonged rainy season in some Asian countries at the end of 2021. Therefore, the export momentum is showing no sign of decreasing. Not to mention, when the scarcity of raw materials may maintain, the price of rubber latex will continue to increase or stay at a high level, thus improving the profit margin of businesses.

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Evonik announces world’s first industrial-scale biosurfactants plant to be built in Slovakia

Evonik will begin building the world’s first industrial-scale facility for manufacturing sustainable rhamnolipid biosurfactants at its site in Slovakia. The triple-digit million-euro investment will establish Evonik as a pioneer of high-quality, sustainable biosurfactants on a commercial scale. Construction at the Evonik site in Slovenská Ľupča is scheduled for completion by end of 2023

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