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MESNAC announced its plans to simultaneously establish tire mold factories in Vietnam and Cambodia, which will be organized and constructed by MESNAC Union Technology Co., Ltd.

Birla Carbon, one of the leading manufacturers and suppliers of high-quality carbon-based solutions, is happy to announce that four more of its plants – Cubatão and Camaçari in Brazil, Tiszaújváros in Hungary, and Alexandria in Egypt, have secured the ISCC PLUS certification.

By 2023, the market for plastic-rubber composites is expected to be valued at USD 2,170.9 million. The market is projected to grow at a 5.3% CAGR and reach USD 3,638.5 million by 2033 according to Future Market Insights. When compared to single materials, these composites offer better performance attributes. These composites improve the overall performance, safety, and comfort of cars by combining the advantages of both plastic and rubber, such as impact resistance, durability, noise reduction, and vibration dampening.

Ecoplastomer ‘s innovative materials have successfully passed rigorous tests in complex automotive applications. The manufacturer of technical plastic items has used Ecoplastomer® PP-70 to produce parts commercially. Recent trials have demonstrated that Ecoplastomer® parts offer an impressive reduction in injection time of approximately 13%.

3M announced that it purchased a group annuity contract and will transfer a portion of its U.S. pension payment obligations under the 3M Employee Retirement Income Plan (ERIP) to Metropolitan Tower Life Insurance Company (Met Tower Life), an insurance company. Under the contract, 3M will transfer approximately $2.5 billion of its defined benefit pension obligations and related plan assets for approximately 23,000 U.S. retirees and beneficiaries to Met Tower Life. This represents approximately 60% of ERIP retiree participants. The contract was purchased using assets from 3M’s ERIP trust and no additional funding contribution was required as part of this transaction.

Malaysia’s natural rubber production decreased by 20.9 percent in April to 21,325 tons as compared to 26,966 tons in March, official data reported. Year-on-year comparison showed that the production of natural rubber fell 9.1 percent from 23,460 tons a year ago, the Department of Statistics Malaysia said in a statement.