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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.

Petlas Tire Corporation showcased its extensive range of innovative tires and advanced technologies at The Tire Cologne 2024, held from June 4th to 6th in Cologne, Germany. The tires displayed at the event attracted considerable interest from visitors and industry professionals alike.

The Rubber Board will regulate the prices of rubber on the Liberian market. Additionally, the Liberian Senate voted that Executive Order 124, which prohibits the exportation of unprocessed rubber from Liberia, remain enforced.

The Senate’s decision upholding the ban on the exportation of unprocessed rubber followed an in-depth investigation by its Committee on Agriculture.

The rotary head offers a simplified design compared to its previous models. By rotating the tooling in relation to the material flow, a rotary head increases the wall strength of an extrusion, thereby allowing a thinner wall with less material. Features include only rotating the die, randomizing any gauge bands or thickness variations and in some cases, improving material properties of the end product. Various sizes of tubing can easily be accommodated with the unique Guill cam-lock design that radically reduces set-up and changeover times.

PRE-Q® GALGO Corporation exhibited at the annual TAPT (Tennessee Association of Pupil Transportation) conference on June 4th, 2024, in Pigeon Forge, Tennessee.

RODOLFO COMERIO reached an important milestone: at the latest “Tire Technology International Awards for Innovation and Excellence,” held in Hannover last March during the Tire Technology Exhibition, the company had the honor of being the first calendering line manufacturer in Italy and over the world to receive the coveted “Tire Manufacturing Innovation of the Year” award for its revolutionary patented “RC Calendar Quick-ChangeSystem”.

Magna Tyres announces the launch of five groundbreaking additions to its product lineup, reinforcing its commitment to excellence and innovation in the industry. Expanding the renowned MB800 Series, Magna Tyres introduces the all-new MB800 in a larger size: 355/65-15. Building upon the exceptional performance and durability of the MB800 series, this new size offers enhanced versatility and efficiency for a wide range of applications.

Hankook Tire & Technology (Hankook Tire) supplies the Ventus Prime 3 as the original equipment tire (OET) for the Mitsubishi Xpander, a multipurpose vehicle (MPV) from Japanese automaker Mitsubishi Motors Corporation.

Moldex3D Material Center lab has obtained re-certification for ISO 17025, an internationally recognized standard for testing laboratories. This re-certification is a testament to their unwavering commitment to quality, accuracy, and reliability in the lab’s material testing processes