Global performance elastomers market forecast at $24 billion by 2030

The global market for Performance Elastomers estimated at US$16.1 Billion in the year 2022, is projected to reach a revised size of US$24.3 Billion by 2030, growing at a CAGR of 5.3% over the period 2022-2030 according to Report Linker. Silicone Elastomers, one of the segments analyzed in the report, is projected to record 6.2% CAGR and reach US$15.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Fluoroelastomers segment is readjusted to a revised 4.4% CAGR for the next 8-year period.

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United Kingdom approves Yokohama’s acquisition of Trelleborg Wheel Systems

The Yokohama Rubber Co., Ltd., has announced that, on March 28th the Competition and Markets Authority (United Kingdom) granted unconditional clearance of the planned acquisition of all outstanding shares of Trelleborg Wheel Systems Holding AB, a Swedish company engaged in the manufacture and sale of off-highway tires for agricultural and industrial machinery, which was originally announced on March 25, 2022.

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CDI Energy Products, LLC, rebrands as CDI Products

CDI Energy Products, LLC, announced its new brand identity as CDI Products, reflecting its diversified market strategy. CDI has been a trusted partner within the oil and gas and broader energy sector for decades. In recent years, CDI has expanded its product offerings through internal research and development, collaborative custom engineering projects, strategic acquisitions, and organic growth. With this brand evolution, CDI will continue to support the energy sector and global energy transition while supporting customers across CDI’s expanded market portfolio, including the aerospace, semiconductor, general industrial, medical markets, and beyond. This new brand identity represents CDI’s commitment to innovation, and its increased global reach, operational expertise, and diverse array of services.

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Yokohama cleared to acquire Trelleborg Wheel Systems by EU

The Yokohama Rubber Co., Ltd., has announced that, on March 24, the European Commission granted unconditional antitrust clearance of the planned acquisition of all outstanding shares of Trelleborg Wheel Systems Holding AB (hereinafter, TWS), a Swedish company engaged in the manufacture and sale of off-highway tires for agricultural and industrial machinery, which was originally announced on March 25, 2022.

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Yokohama Tire announces ‘All-In’ diversity racing program

When it comes to helping diverse drivers progress in their racing careers, Yokohama Tire is “All-In!” The tiremaker announced today it is launching “Yokohama All-In,” a new program designed to promote inclusiveness in racing, according to Patricia Wall, Yokohama’s motorsports manager. The program kicked-off with the Porsche Sprint Challenge North America by Yokohama at Sebring International Raceway.

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Starrett promotes Michael Connor to sales and marketing director

The L.S. Starrett Company has promoted Mr. Michael Connor to Sales and Marketing Director North America, Industrial Products.
“We are pleased to have Michael to step into this new role,” said Mr. Emerson Leme, Vice President, Starrett Industrial Products, North America. “Michael has been with Starrett since March of 2020, and in that time he has ably managed our portfolio of strategic accounts. Mr. Connor also held a sales management position with Starrett from 2002 to 2006. We are confident in his ability to grow the sales of our broad range of products in North America.”

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