On Friday, January 14, 2022, the Board of Directors of Cabot Corporation declared a quarterly dividend of $0.37 per share on all outstanding shares of the Corporation’s common stock. The dividend is payable on March 11, 2022, to stockholders of record at the close of business on February 25, 2022.
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The global rubber processing chemicals market stood at a revenue worth of US$3.4 billion in 2015. Rising at 4.7% CAGR during 2016–2024, the global market is projected to touch a valuation of US$5.1 billion by 2024 end.
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Richard Smallwood, President and CEO of Sumitomo Rubber North America (SRNA) – a Sumitomo Rubber Industries, Ltd., subsidiary, comprising both Falken Tires and Dunlop Motorcycle Tires, has announced his retirement today, December 8, 2021. He will be succeeded by Darren Thomas, who was appointed Senior Vice President and Chief Operating Officer in 2021.
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The American Chemical Society is now accepting applications for the ACS-Hach Professional Development Grants. These grants of up to $1,500 are intended to support high school chemistry teachers as they identify and pursue opportunities that can advance their professional development and enhance the teaching and learning of chemistry in the classroom. Click here to learn more and apply today. Deadline for applications is January 21, 2022
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Oslo, Sweden – Elkem has launched its first TCFD report as an initiative to address the potential financial impact of climate risks and opportunities. Elkem has also received a new, strong score from CDP substantiating Elkem’s work as a global leader on climate change action.
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“We are excited to welcome the Santoprene™ team to Celanese,” said Lori Ryerkerk, chairman and chief executive officer. “They have built an industry-renowned brand and product portfolio in the Santoprene™ business that will immediately strengthen the unrivaled portfolio of engineered solutions we bring to our customers. We look forward to the partnership of our commercial and technical teams to take a wider range of Engineered Materials’ solutions into targeted growth areas that will generate meaningful shareholder value.”
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The aerospace hose and tube assemblies market fell victim to the pandemic’s wrath and declined by a massive -28% in 2020, dragging the market behind by at least half a decade. That being said, the industry is on its way to healing which is quite apparent in recent events. The aerospace giants, Airbus and Boeing’s recouping revenues, climbing production rates of key aircraft programs, and easing up of traveling restrictions are some of the key factors indicating the commencement of regaining normalcy. A similar impact is likely to be witnessed in the aerospace hose and tube assemblies market, which is likely to grow at a promising CAGR of 7.9% during 2021-2026 to reach US$ 2.3 billion by 2026 according to ResearchandMarkets.com
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Discount Tire is acquiring Tire Rack. The acquisition is a significant investment in Discount Tire’s commitment to provide the most Inviting, Easy, and Safe omnichannel, B2B, and fleet customer experiences in the world. The transaction is expected to close December 31, 2021
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This acquisition couples Materia’s Nobel Prize-winning technology with ExxonMobil’s complimentary proprietary processes and world-class manufacturing capabilities to bring these new sustainable structural polymers to greater commercial scale
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Bolder Industries, Inc., the pioneer of advanced sustainable chemical manufacturing sourced from end-of-life tires, today announced the purchase of the former Pyrolyx facility in Terre Haute, Indiana. The 66,000 square foot location, which ceased operations in March 2020, will be retrofitted with Bolder Industries’ proprietary solution, utilizing the currently permitted facility to increase Bolder’s manufacturing capacity within the first year of operations. The initial phase is expected to be completed in early 2023 and is estimated to divert approximately three million tires from landfill or burning. Bolder’s charter products’ (BolderBlack® and BolderOilTM) production level will see an overall increase of nearly three times their capacity.
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