Author: RubberWorld

Hultec has announced a strategic brand alignment that brings together four companies it owns under a singular global name called Hultec. Incorporated in the new unified Hultec brand are: S & B Technical Products serving water and wastewater infrastructure; Maloney Technical Products, supplying rubber and plastic solutions for oil and gas exploration; RieberLok self-restraining gaskets for PVC pipe; and Terramix the company’s primary research and manufacturing arm in Costa Rica.

The U.S. Chamber of Commerce Foundation named Ecore International a finalist in the 25th Annual Citizens Awards, a long-standing program that honors businesses for their leadership in solving the world’s biggest challenges. Ecore was nominated as a finalist for the Best Sustainability Program category for its efforts to reduce the adverse impacts of rubber waste, preserve resources and promote a circular economy through the company’s TRUcircularity™ program.

Arkema’s waterborne PVDF range has received the “Solar Impulse Efficient Solution” label, rewarding its high efficiency in durable cool roof solutions

Arkema’s Kynar Aquatec® PVDF range is recognized for its outstanding durability benefits in cool roof coatings.

This solution is thereby joining the #1000solutions challenge, an initiative by the Solar Impulse Foundation to select solutions that meet high standards in sustainability and present them to decision-makers to fast-track their implementation.

Covestro AG signed an Investment Agreement with certain entities of the ADNOC Group, including ADNOC International Limited (“ADNOC International”) and its subsidiary, ADNOC International Germany Holding AG. The agreement stipulates, among other items, that the Bidder will make a public takeover offer for all outstanding shares of Covestro at a price of €62.00 per share. In addition, ADNOC International is committing itself to fully supporting the Company’s “Sustainable Future” strategy. At the same time, the Board of Management and the Supervisory Board of Covestro decided today that upon completion of the transaction, the Company’s share capital shall be increased by 10% (18.900.000 shares) and that, at and subject to closing, the new shares shall be issued to the Bidder against payment of a price per share equal to the offer price, thus, based on an offer price of €62.00 against a total amount of €1.17 billion, under simplified exclusion of subscription rights.

Zochem announced their support from the Tennessee Department of Transportation Commissioner Butch Eley. As one of the largest producers of French process zinc oxide in North America, Zochem’s zinc oxide is a critical component in a multitude of critical applications from tires and rubber to pharmaceuticals, fertilizers, alternative batteries, and many more.

Teijin has teamed up with Germany’s herone GmbH and the UK’s Envision Racing to develop a composite wishbone which has the capability be used in a Formula E racing car using Tenax™ ThermoPlastics. This collaborative effort not only leverages cutting-edge materials and advanced manufacturing techniques but also highlights how innovative partnerships can drive sustainable solutions for the future.

Avantor, Inc. announced that the Company’s NuSil brand has received the 2024 North American Daily Kaizen Management award from the Kaizen Institute. NuSil, the leading global provider of high-purity silicones materials engineered to serve the needs of healthcare and advanced technologies manufacturers, was recognized for their commitment to operational excellence and relentless focus on continuous improvement.

Magna Tyres Group announces an exclusive partnership with Norgesdekk, one of Norway’s most prominent tire distributors. This strategic collaboration will see Norgesdekk become the exclusive distributor of Magna Tyres products throughout Norway, strengthening the availability of Magna Tyres in the Norwegian market.

With this partnership, Magna Tyres continues its ambitious global expansion strategy, reinforcing its presence in the Scandinavian region by leveraging Norgesdekk’s extensive distribution network and local market expertise.

Continental has been recognized by US magazine Time and the global data and business intelligence platform Statista as one of the 500 most sustainable companies in the world for 2024. This assessment is based on a special methodology developed by Time and Statista. They evaluated a total of 5,000 companies based on their sustainability strategy and reporting, as well as more than 20 key indicators, including emissions intensity, energy consumption and share of renewable energies. Continental achieved a rating of 61.39 out of a possible 100 points, placing it 265th in the ranking. In the category of the automotive industry, the company is one of the top 10 companies. A total of three tire manufacturers are among the world’s 500 most sustainable companies. Continental is ranked second place.

The Yokohama Rubber Co., Ltd., announced that as part of its measures to mitigate climate change, it began participating in the “Fry to Fly Project,” which pursues the decarbonization of the airline industry by recycling domestic resources, in August 2024. Led by the JGC Holdings Corporation, this project involves collecting waste cooking oil generated by companies and households and using it for the domestic production of sustainable aviation fuel (SAF) to power airplanes. As of July 31, 2024, 143 companies, municipalities, and organizations were involved in the project.