Elkem and Hafslund have entered into a long-term power agreement for the period 2028 to 2035. The annual contract volume is approximately 400 GWh, with delivery in the NO3 price area.
The new contract supports long-term operations at Elkem’s Thamshavn plant and enables investments at the production facility, which is located in Mid-Norway.
Cefic, the European Chemical Industry Council, has recognized 23 companies and national associations for their exceptional contributions to advancing the ambitions of the Antwerp Declaration through the 2024 European Responsible Care Awards. Arkema emerged as the winner in the “Time for Change – Circularity and Climate Neutrality” category with its Optim’O program and received a commendation for reducing the carbon footprint of its bio-based Polyamide 11 materials.
Read MoreCurrently, Evonik manages its chemicals businesses in the growth divisions Specialty Additives, Nutrition & Care, and Smart Materials. Under the new structure, which will take effect on April 1, 2025, the Group will organize its business lines in two new segments: Custom Solutions and Advanced Technologies. This will allow for clearer strategic focus and resource allocation. It will also enable more differentiated management of the businesses according to their respective business models. The segments currently have annual sales of around €6 billion each.
Read MoreThe ENGEL Group subsidiary, TMA AUTOMATION Sp. z o.o., has begun construction of a modern office and production building in the immediate vicinity of Gdansk Airport in Poland. This new location underlines ENGEL’s commitment to growth and innovation in the automation of injection molding processes.
The strategically favourable location offers an excellent access to various educational and training institutions, including technical universities in the region. This supports the long-term recruitment of highly qualified specialists and strengthens the ENGEL Group’s position in the field of highly integrated and automated production solutions.
Read MoreMarket and Markets latest report “Advanced Elastomers Market by Type (Thermoplastic Elastomers, Silicon Elastomers), Application (Insulations, Implants), End-Use Industry (Medical, Industrial, Aerospace & Defense), Region- Global Forecast to 2029”, size is projected to grow from USD 6.0 billion in 2024 to USD 7.8 billion by 2029, registering a CAGR of 5.3% during the forecast period. The advanced elastomers market is driven by several key factors, including increasing global focus on sustainability, technological advancements, expanding applications, economic incentives, and growth in demand are the global trend towards lightweighting, most notably in the electrical & electronics and aerospace sectors.
Read MoreThe medical elastomer market is driven by the growing demand of medical devices fueled by expansion of healthcare technologies. Medical devices such as surgical instruments and diagnostic tools need components which are durable, flexible and biocompatible. The medical elastomers offer these properties. Additionally, the increased elderly population across the globe is enhancing the demand for devices such as catheters, syringes, and prosthetics where medical elastomers are crucial in order to ensure patient comfort and improved performance. Furthermore, the advancement in wearable medical devices and remote monitoring systems is also driving the demand for medical elastomers as such materials offering durable and comfortable designs. The globally risen healthcare expenditure as well as the continuous innovation and R&D is further increasing the demand for medical elastomers.
Read MoreThe Global Injection Molding Market size was valued at USD 274.37 Billion in 2022 and is poised to grow from USD 287.54 Billion in 2023 to USD 418.39 Billion by 2031, growing at a CAGR of 4.8% in the forecast period (2024-2031) according to SkyQuest.
Read MoreThe global polyacrylate rubber market is on the cusp of substantial growth, projected to rise from an estimated value of USD 7.68 billion in 2023 to a remarkable USD 18.7 billion by 2033 according to Future Market Insights. This impressive growth translates to a compound annual growth rate (CAGR) of 9.3% over the forecast period from 2023 to 2033.
Read MoreAccording to projections by Persistence Market Research, the global conductive silicone rubber market is poised for robust growth. The market is expected to rise from USD 7.13 billion in 2024 to a remarkable USD 11.60 billion by 2031, achieving a compound annual growth rate (CAGR) of 7.2% during the forecast period of 2024 to 2031. This growth is fueled by increasing demand across industries, particularly with the rollout of 5G technology and the rise of electric vehicles (EVs). These sectors require advanced materials with superior conductivity, flexibility, and durability, making conductive silicone rubber an ideal solution.
Read MoreThe global industrial rubber market is expected to grow at a CAGR of 5.8% from 2024 to 2031, increasing from US$ 25.2 billion in 2024 to US$ 37.5 billion by 2031 according to the Persistence Market research. Key drivers include rising demand from the automotive, construction, and healthcare industries, along with innovations in product quality and manufacturing technologies. In the U.S., the manufacturing sector contributed over US$ 2.4 trillion to the economy in 2022, highlighting the sector’s robust growth potential. Electric vehicles (EVs) are also fueling the demand for industrial rubber, with EV production reaching 1.6 million units in the U.S. in 2023.
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