Author: RubberWorld

AirBoss of America Corp. announced its fourth quarter and annual results. The company generated $40.9 million cash from operations during 2023, compared to consuming $30.8 million in 2022; 2023 Adjusted EBITDA1 of $26.8 million on Adjusted Profit1 of $(6.4) million and a loss of $41.7 million;
Finished 2023 with a Net Debt to Adjusted EBITDA ratio1 of 3.30x; and declared a quarterly dividend of C$0.07 per common share.

Guill Tool introduced The Bullet®, an extrusion head with fixed center design, multi-port spiral flow design and gum space adjustment, plus the added feature of no fastening hardware, so cleaning and restart are easier and faster than any conventional head on the market currently, according to company sources. Recently, the company began offering the next generation of this unique and patented tool, The Bullet II.

Elkem will showcase a series silicone rubber solutions at IRE 2024 (India Rubber Expo) which is the largest Rubber Expo in Mumbai, India from 20th to 22nd, March 2024.

s part of its growth commitment in Asia Pacific (APAC), Lubrizol announced several key appointments to its regional leadership team. In addition to regional talent investment, Lubrizol continues to bolster its APAC footprint and capabilities, augmenting the company’s current capacity, commercial and technical capabilities. This includes investment in local-for-local technology development to deliver differentiated regional solutions. Among its recent commitments, the company has expanded capacity at several sites in region, initiated work on a Shanghai-based skincare research center, built a Future Mobility Center of Excellence and is bolstering regional supply and R&D investment.

Goodyear said it will be closing down its plant in Shah Alam starting June 30 this year, affecting some 550 positions.

Goodyear’s Asia Pacific president Nathaniel Madarang said that the decision was part of its “transformation” program to cut costs and remain competitive in the market.

In 2023 revenues were 6,650.1 million euro (target ~6.6 billion euro), with growth of 0.5% compared with 2022 thanks to the great improvement of price/mix. Organic revenue growth was +6.8% (impact of forex and hyperinflation in Argentina and Turkey -6.3%). High Value accounted for 75% of total sales (71% in 2022).

Rhamnolipids and other sustainable biosurfactants in Evonik’s portfolio draw on the company’s biotechnology platform in its life sciences division, Nutrition & Care. Driven by sustainability, the division is using innovative biosolutions to address the challenges of biocircular care through closed-loop carbon systems, while maintaining high functionality and preserving biodiversity.

For the current fiscal year, the technology company is targeting an increase in sales and earnings (consolidated sales: around €41.0 billion to €44.0 billion, adjusted EBIT margin: around 6.0 to 7.0 percent). Continental expects the margin to improve further, particularly in the Automotive group sector, thanks mainly to the cost-cutting measures, price adjustments and efficiency improvements adopted last year. The goal is also to achieve above-market growth.

After Arkema acquired a majority stake in PI Advanced Materials in South Korea, the two companies will be showcasing polyimide films that are able to withstand extreme temperatures while preserving dimensional stability, offering excellent electrical properties and flexibility.