Global rubber process oil market forecast at $2.9 billion by 2028

The global rubber process oil market is forecast to reach USD 2,927.6 Million by 2028, according to a new report by Reports and Data. These oils are special internal lubricants that are used in the formulation of rubber, improve its physical attributes, work as cost-effective extenders, encourage the fuse of fillers and different added substances, and others.

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Michelin to spend $300 million CAD expanding Canadian operations

The investment, part of Michelin’s global growth strategy, will see the installation of new technologies and equipment in Michelin’s three Nova Scotia production facilities to respond to market evolution. This includes manufacturing tires for the growing electric vehicle (EV) segment; larger rim size tires for passenger and light truck vehicles; as well as improved fuel efficiency for commercial trucks. In addition, the electrification of key parts of the manufacturing process will reduce carbon emissions at the plants.

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Wacker reports record sales for 2022

Wacker Chemie AG ended 2022 with new all-time highs for sales and earnings. Presenting its annual report, the Munich-based chemical company confirmed Group sales of €8.21 billion in 2022 (2021: €6.21 billion), up 32 percent year over year. Substantially higher selling prices were the main growth driver. Sales also benefited from positive exchange-rate effects due to the stronger US dollar. On the other hand, overall volumes were down somewhat versus the previous year, dampening sales.

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Zeppelin Systems announces partnership with Italian Technology RubberJet Group & Vertech

On the path towards establishing a sustainable circular economy in the tire manufacturing sector, Zeppelin Systems entered into another important partnership in the mechanical recycling sector on February 7, 2023. The Italian Technology group formed by RubberJet and Vertech specialized in recycling particularly large scrap tires, for example from trucks and construction and mining machinery. High-quality rubber recyclates are made from scrap tires measuring up to four meters in size, which can later be used to manufacture new tires. Best of all, the patented and proprietary method is 100 percent environmentally friendly.

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400,000 tires burn as fire engulfs Hankook plant in South Korea

The fire broke out at 10:09 p.m. Sunday at the plant according to the Daejeon Fire Headquarters. More than 750 firefighters have been battling the fire for nearly 12 hours, but strong winds and dry conditions are hampering the efforts, the authorities said. Around 400,000 tires stored at a warehouse adjacent to the second plant are presumed to have burned, Kim said, citing it as the reason for a huge black smoke cloud.

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Chromatic 3D Materials launches rapid custom manufacturing services for rubber parts

Chromatic 3D Materials, an additive manufacturing technology provider, has launched a new custom-manufacturing service for durable polyurethane parts with fast delivery and simplified pricing. The company is offering standard industrial shapes including gaskets, seals, cylinders and grommets in customizable, nonstandard dimensions up to 16 inches in diameter. This service will help manufacturers increase supply chain resilience, boost efficiency and reduce waste.

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SMX and Continental use invisible marker to track rubber supply chain

Continental and SMX (Security Matters) Public Limited Company have succeeded for the first time in verifying a marker substance for natural rubber in a tire and so throughout the entire production process. The dedicated marker technology, which both companies optimized for use in natural rubber, is designed to create greater transparency along the entire value chain of tires and technical rubber products from Continental. Provided with special security features, the use of the marker substances enables the invisible marking of natural rubber with information on its geographical origin.

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