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Sumitomo Rubber Industries, Ltd announced that their tire manufacturing and sales subsidiary in Turkey, Sumitomo Rubber AKO Lastik Sanayi ve Ticaret A.Ş., has obtained ISO 50001:2018 certification for its energy management system.

The company has priced $725 million in aggregate principal amount of senior notes due 2030 (the “notes”) in an offering exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The notes will bear interest at an annual rate of 7.125% and will be issued at a price of 100% of their principal amount.

In light of recent developments and news reports about alleged malpractices at one of its contractors at the new Propane Dehydrogenation (PDH) construction site at Kallo, Belgium, Borealis has decided on 27 July to declare a three day stand-still for its Kallo PDH construction site and to suspend the contract with IREM-Ponticelli, the contractor responsible for the piping-mechanical works for the construction of the new PDH project.

Myers Industries, Inc. announced the release of its 2021 Environmental, Social, and Governance (ESG) Report as part of its ongoing efforts to increase transparency around its ESG strategy and initiatives.

LyondellBasell announced it has made another step forward in its journey to net zero greenhouse gas (GHG) emissions. The company signed two additional long-term renewable electricity power purchase agreements (PPA) with Buckeye Partners for a total of 165 megawatts (MW) to be sourced from Buckeye’s solar farms currently under construction in north Texas. This announcement is another example of the progress LyondellBasell is making towards achieving its 2030 goal of procuring at least half, approximately five million megawatt hours (MWh) per year, of its current electricity consumption from renewable sources.

Sales were $644 million, up 19 percent versus the prior-year period. Each of the company’s reportable segments achieved double-digit sales growth compared to the prior year. Demand remains strong across the company’s resilient end markets. The year-over-year sales growth was driven primarily by disciplined pricing leading to cost recovery in a high-inflation environment and improved product mix. Foreign currency negatively impacted sales $26 million, or five percent.

Klaus Jell will take over the global management of KraussMaffei’s Digital & Service Solutions (DSS) division as Executive Vice President on 1st August. The 56-year-old trained engineer will thus also join KraussMaffei’s Executive Committee replacing Nadine Despineux who will leave the company at her own request on July 31st.

The United Steelworkers (USW) said that members have ratified a new, 38-month agreement with ContiTech, U.S.A., covering about 600 workers at the company’s plants in Marysville, Ohio; Lincoln, Nebraska; and Sun Prairie, Wisconsin.