H.B. Fuller Company announced that its Board of Directors declared a regular quarterly cash dividend of $0.2225 per share of common stock, payable on August 14, 2024 to shareholders of record at the close of business on July 31, 2024. H.B. Fuller has paid quarterly cash dividends on its common stock for 56 consecutive years.
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The global rubber tire market is characterized by steady growth driven by several factors, including increased vehicle production, expanding transportation infrastructure, and rising consumer demand for high-performance and durable tires. Major players in the industry include Bridgestone, Michelin, Goodyear, Continental, and Pirelli, among others.
The global rubber tire market size was USD 149.4 Billion in 2022 and is likely to reach USD 208.99 Billion by 2031, expanding at a CAGR of 3.8% during 2023 – 2031 according to Growth Market Reports.
Akron, OH – The Rubber Division, ACS, announces the following learning opportunities available for Members and Non-members alike. Visit www.rubber.org
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Continental Tire has released a size extension of its Conti Hybrid HT3 in size 255/70R22.5 in load range H. It features a 16/32nds tread depth to perform better in a wide variety of applications including high scrub situations. This product will replace the Conti EcoPlus HT3.
The size extension is intended to be used on car haulers, van trailers, beverage haulers, as well as long haul and regional light construction vehicles such as cement mixers and over the road dump trucks.
H.B. Fuller Company released its 2023 Sustainability Report, which outlines the company’s progress toward meeting its global sustainability goals.
In 2023, H.B. Fuller initiated work to set new sustainability targets in line with Science Based Targets Initiative (SBTi) standards. To support these new standards, the company took several meaningful steps to improve data collection and analysis while also responding to customers’ sustainability needs.
The new UltraPLAS coating developed by Fraunhofer researchers has proven to be a ground-breaking solution to the challenges of primary forming processes. This advanced release and easy-to-clean coating is applied as a gradient layer using a cold plasma process and is suitable for materials such as tool steel, stainless steel and aluminum. The unique physical properties of UltraPLAS enable perfect molding of even nano-scaled and reflective surfaces. By reducing the number of post-processing steps and renouncing external release agents, the application is classified as highly economical.
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Several variables are affecting the growth and development of the reclaimed rubber business. The growing emphasis on sustainability and environmental responsibility is an important factor. Manufacturers are turning to reclaimed rubber as a more sustainable alternative to virgin rubber as worries about resource depletion and waste management grow. Reclaimed rubber has advantages such as decreased carbon footprint, reduced trash output, and natural resource conservation. Another motivating aspect is cost-effectiveness. Reclaimed rubber is less expensive than virgin rubber, making it an appealing solution for enterprises looking to reduce production costs and increase profitability.
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Tire manufacturers require adaptable storage capacities, conveying systems and dosing systems that are customizable for each raw material, in addition to needing an automation concept that includes track and trace solutions.
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Cleaning with dry ice is a proven, effective, quick, nonabrasive and environmentally friendly method to clean molds, and dry ice manufactured from recycled CO2 is not only a great solution for eco-friendly cleaning, but the entire cleaning process can now be remotely monitored.
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