Author: RubberWorld

Clariant announced that its new Plus series syngas catalysts have been successfully introduced to the market. Over the past five years, the company upgraded its portfolio of syngas catalysts, launching ReforMax LDP Plus, ShiftMax 217 Plus, and AmoMax 10 Plus catalysts. Based on their renowned forerunners, the new catalysts were designed as drop-in solutions to improve plant economics and reduce carbon emissions. These benefits have now been demonstrated in commercial use with highly favorable results.

For the quarter ended September 30, 2024 Apollo Tyres Ltd, on a consolidated level, registered a revenue of Rs 6437 crores, an increase of 3% over the same period last fiscal. For the six months of the fiscal (April – September), the company reported a revenue of Rs 12,772 crores, an increase of 2% over the same period last fiscal. Positive revenue growth was reported, especially from European Operations, in the second quarter.

Continental increased its earnings in the third quarter of 2024. In particular, the Automotive group sector made progress thanks to the measures taken to improve earnings, and it aims to make further gains in adjusted EBIT in the fourth quarter. As in the second quarter of 2024, the Tires group sector posted a good adjusted EBIT on the back of improved business in Europe, boosted not least by encouraging early sales of winter tires. Earnings in ContiTech, by contrast, were dented by continued weak industrial development in Europe and North America. Continental does not expect the industrial business to recover in the fourth quarter and is therefore adjusting its sales and earnings outlook for ContiTech. As a result, sales expectations have also been lowered for the Continental Group as a whole.

Brenntag announced the exclusive distribution agreement with Stepan for Germany and Austria. Stepan is a major global manufacturer of specialty and intermediate chemicals used in a broad range of industries.
This new agreement will enable Brenntag Specialties to further expand its portfolio of high-quality surfactants. It provides Brenntag customers in Germany and Austria with first-class products and services. The surfactants distributed through this partnership are essential components in many industrial and commercial applications, particularly in Home Care, I&I and Beauty & Personal Care products.

BASF announced that it will invest in additional production capacity for its X3D® technology, a new additive manufacturing technology for catalysts based on 3D printing. The plant will produce catalysts on an industrial scale and is expected to be operational in 2026.

Lubrizol announced it will exhibit at COMPAMED 2024 where they will highlight their extensive range of medical grade thermoplastic polyurethane (TPU) solutions and differentiated design, development, and manufacturing services for medical devices.

COMPAMED, held at the Messe in Düsseldorf, Germany, is a premier international tradeshow dedicated to medical technology, showcasing the latest innovations, products, and services in the medical device industry. Lubrizol’s presence at this important event highlights the company’s commitment to driving advancements in the healthcare sector.

The Grieve Corporation is currently marking its 75th year in business. Begun in 1949 as a small job shop in Chicago, the company now occupies a 100,000 square foot facility in Round Lake, Illinois.

Grieve ovens are utilized for a variety of heat treating applications such as drying gold ore samples, stress relieving automotive parts, and curing the coating on military aircraft canopies. Among the numerous industries they serve are aerospace, mining, pharmaceuticals, construction, automotive, and energy.

Continental increased its earnings in the third quarter of 2024. In particular, the Automotive group sector made progress thanks to the measures taken to improve earnings, and it aims to make further gains in adjusted EBIT in the fourth quarter. As in the second quarter of 2024, the Tires group sector posted a good adjusted EBIT on the back of improved business in Europe, boosted not least by encouraging early sales of winter tires. Earnings in ContiTech, by contrast, were dented by continued weak industrial development in Europe and North America. Continental does not expect the industrial business to recover in the fourth quarter and is therefore adjusting its sales and earnings outlook for ContiTech. As a result, sales expectations have also been lowered for the Continental Group as a whole.

Orion S.A. reported its financial results for the third quarter of 2024, highlighting net sales of $463.4 million, a slight decrease of $2.8 million year over year. The company faced a net loss of $20.2 million, significantly impacted by a $42.5 million loss due to misappropriation of assets. This resulted in a diluted loss per share of ($0.35), with the misappropriation contributing ($0.72) to this figure. However, Adjusted EBITDA increased by 4% to $80.1 million, while Adjusted Diluted EPS slightly decreased to $0.47.

For the first nine months of 2024, Orion’s net sales rose to $1,443.3 million, up $17.6 million year over year. Despite this, net income dropped to $27.0 million, again affected by the $42.5 million loss from asset misappropriation. Diluted EPS for this period was $0.46, down $1.19 year over year. Adjusted EBITDA for the nine months fell by 10% to $240.5 million, and Adjusted Diluted EPS decreased to $1.40.