Author: RubberWorld

The Yokohama Rubber Co., Ltd., announced its business and financial results for the first quarter of fiscal 2024 (January to March 2024). Sales revenue increased 23.5％ over the same period of the previous year, to 252.4 billion yen; business profit increased 91.0％, to 24.9 billion yen; operating profit increased 102.6％, to 26.8 billion yen; and profit attributable to owners of parent increased 104.0%, to 19.8 billion yen.

Fifteen innovation pioneers whose inventions range from cancer treatments to theatrical technologies and special effects will be honored in the 2024 class of National Inventors Hall of Fame® Inductees. The class was announced at the Walt Disney Imagineering campus in Glendale.

Yokohama Rubber Co., Ltd., announces its plan to expand motorsports tire production capacity at its Mishima Plant in Mishima City, Shizuoka Prefecture. Yokohama Rubber will invest about ¥3.8 billion in a new line that will produce 18-inch and larger motorsports tires, expanding the plant’s capacity for motorsports tires by 35%. Construction will begin in the third quarter of 2024, and production on the new line is planned to begin near the end of 2026 and be brought up to full capacity in the third quarter of 2027

rion S.A. announced it is investing in Alpha Carbone, a French tire recycling company. The partnership will enable Alpha Carbone to scale up and produce commercial volumes of tire pyrolysis oil and recovered carbon black.

The cooperation also includes a long-term supply agreement with Orion as the exclusive customer for the tire pyrolysis oil produced by Alpha Carbone. The oil will be used by Orion to manufacture circular carbon black for tire and rubber goods customers.

The Board of Directors of Apollo Tyres Ltd approved the company’s audited financial results for the fourth quarter (Jan to Mar) and the financial year 2023 – 24. The Board recommended a dividend payout of Rs 6.00 per equity share (600%), on face value of Re 1 each for FY24, subject to the approval of the shareholders at the forthcoming Annual General Meeting.

Ashland Inc. announced the appointment of Ashish K. Kulkarni to its Board of Directors. Kulkarni is the CEO of Kebotix, a startup company focused on commercializing artificial intelligence methods into new material commercialization. He is the former executive vice president and chief innovation officer, GAF, former chief technology and innovation officer, Avantor and former chief technology and innovation officer, Celanese Corporation.

The global rubber extruder market size is expected to reach US$ 4,021.5 Million by 2032. The rubber extruder market is growing rapidly. As per FMI analysts, the global rubber extruder market is estimated to be valued at US$ 2,399.5 Million in 2022 and is projected to increase at a CAGR of 5.3% during the forecast period according to Future Market Insights.

With ENGEL’s new fiscal year starting April 2024, their sales structure and internal processes have been modified to align with customers’ needs. ENGEL has defined three major regions across the globe: the Americas, Europe, and Asia. Vanessa Malena will lead the Americas.

The new sales structure aims to provide enhanced support to representatives by enabling direct access to business development teams in their respective regions.

Arkema records robust EBITDA for first-quarter 2024, in line with its full-year guidance, in a broadly unchanged economic environment with sales of €2.3 billion, down by 7.3% year-on-year: Slight volume growth in the 3 Specialty Materials segments (+2.7%); Good momentum in certain markets such as structural bonding, sports, automotive and energy; Negative 8.4% price effect in Specialty Materials, mainly reflecting lower raw material prices and still unfavorable market conditions in upstream acrylics and PVD.