According to the announcement, the total investment of the project is about 4.62 billion yuan ($645 million USD), and it is planned to be constructed on the existing land in the plant area, including civil works, equipment purchase, 24MW photovoltaic power generation project, etc. The project will be financed through self-financing and bank loans.
Read MoreTire distributor Tire Group International (TGI) announces it has acquired Avaun Tire Supply, a wholesale distributor based in Portland, Ore.
Avaun and TGI have been partners since Avaun was founded in 2016 by Sherko Rasouli and Freddie Capshaw.
“This strategic move is part of TGI’s ongoing expansion plans in key markets across the USA, reinforcing its commitment to growth and customer service,” TGI said in a news release.
Read MoreThree grades of Monolith carbon black are introduced that are made through the utilization of a novel thermal plasma process, and which offer colloidal characteristics as well as performance in rubber that are very similar to furnace black.
Read MoreUse of response surface methodology (RSM) to optimize the percentage hydrogenation in the hydrogenated nitrile butadiene rubber (HNBR), filler surface area, plasticizer loading and peroxide loading to create a statistical model that can be used to meet rubber compound specifications for non-black applications is examined.
Read MoreDiverse crosslinking chemistries utilized in silicone elastomers are explored, focusing on their applications in the medical field and highlighting recent advancements, challenges and prospects in enhancing the performance and biocompatibility of silicone elastomers
Read MoreThe August 2024 issue of Rubber World is now available online. Inside you’ll find the following articles Driving towards equivalent
Read MorePatent News as compiled by the editors of Rubber World for August 2024. Low-dielectric rubber resin material and low-dielectric metal
Read MoreAll India Rubber Industries Association (AIRIA) reports natural rubber production in India has increased from 8.39 lakh ton in 2022-23 to 8.57 lakh ton in 2023-24. “But there has also been a sharp rise in NR consumption which has gone from 13.5 lakh ton in 2022-23 to 14.16 lakh ton now so the deficit is still 5.5 lakh ton,” Shashi Singh, president of AIRIA said.
Read MoreTrinseo announced its financial results for the second quarter of 2024, reporting a net loss of $68 million and earnings per share (EPS) of negative $1.92. Despite the loss, the company saw an improvement in adjusted EBITDA, which reached $67 million, a $10 million increase compared to the previous year.
Trinseo’s second-quarter net sales stood at $920 million, a 4% decrease from the prior year. This decline was primarily due to lower sales volumes in Polystyrene, Plastics Solutions, and Latex Binders. However, higher sales volumes in Engineered Materials partially offset this drop, leading to a 6% decrease in net sales. A rise in prices contributed to a 1% increase.
Read MoreFreudenberg Sealing Technologies has made significant technological improvements to its seals for central tire inflation systems (CTIS) used by construction and agricultural machinery. These seals automatically adjust the tire pressure of off-highway vehicles to varying ground conditions and vehicle loads. Simply by pressing a button, drivers can now save time, reduce CO2 emissions and simultaneously extend the service life of their tires.
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