The Rubber Division announces their first WORD event for 2023

WOMEN OF OUR INDUSTRY: Join the Rubber Division for their WORD Conversations event on March 29th 12 p.m. – 1 p.m. ET with featured guest Krista Toutant. This WORD Conversation begins with open networking for approximately 10 minutes followed by a conversation between our featured guest, Krista Toutant, the current Chair-elect, and Terry DeLapa, the Rubber Division’s 1st ever woman Chair.

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Goodyear announces layoffs as cost savings measure due weak global tire sales and inflation

The Goodyear Tire & Rubber Company announced layoffs for 5 percent global staff or about 500 positions citing cost savings in response to a challenging industry environment and cost pressure driven by inflation.
Global replacement tire industry demand remained weak in the fourth quarter, led by a 12% decline in EMEA. When coupled with the impacts of inflation — including significant increases in energy costs — the Company expects its EMEA business unit to report a fourth quarter segment operating loss of approximately $80 million. EMEA had reported positive segment operating income since the second quarter of 2020.

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Rubber Division Technical Training and Scholarship deadline is March 1st

Rubber Division, ACS offers a Rubber Technology Training Award for an individual already in the rubber industry seeking additional education and opportunities for advancement. The organization also has three $5,000 undergraduate scholarships available for students who wish to pursue a degree in rubber technology, polymer science or the chemical profession. In addition, local Rubber Groups and industry companies recognize and support the need for financial assistance in obtaining a college degree

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Wacker sets new sales and earnings records in 2022

Wacker Chemie AG set new sales and earnings records in 2022. According to preliminary figures, the Munich-based chemical Group’s sales came in at €8.21 billion last year, an increase of 32 percent over 2021 (€6.21 billion). Higher selling prices were the main factor in this year-over-year growth. 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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