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The companies will collectively establish and contribute a total of $1.185 billion to a settlement fund (“water district settlement fund”). Contribution rates will be consistent with the binding Memorandum of Understanding between the companies reached in January 2021, with Chemours contributing 50 percent (about $592 million), and DuPont (about $400 million) and Corteva (about $193 million) collectively contributing the remaining 50 percent. The settlement amounts will be funded by the companies in full and deposited into the water district settlement fund within ten business days following preliminary approval of the settlement by the Court.

Join the Rubber Division ACS for a free webinar July 19, 1 p.m. – 2 p.m. ET. In this webinar, Paul Hodges, a global expert on the chemicals industry with the World Economic Forum, will focus on the twin challenges impacting the global economy – the move into recession, plus the need to develop new products or services for the Net Zero/New Normal world

The Phnom Penh Post reports that Cambodia earned $206.728 million from the export of “rubber and articles thereof” in the first four months of 2023, up 38.0 per cent year-on-year from $149.808 million and up 22.7 per cent half-on-half (compared to July-October 2022) from $168.5 million, according to provisional Customs (GDCE) data in “International Merchandise Trade Statistics” bulletins.

The Goodyear Tire & Rubber Company introduced racing tires with the first real-time intelligence capability to record tire pressure and temperature to be featured on the NASCAR Next Gen Chevrolet Camaro ZL1 Garage 56 entry in this year’s 24 Hours of Le Mans to be held on June 10 – 11, 2023

The International Elastomer Conference is the one place, one time a year, where you find the best of our industry all under one roof. It is an event where connections are made, knowledge is shared, new products, new technology and new ideas are introduced, business is conducted, developed and gained, fun is had, encouragement and empowerment happen, and the future is embraced. There are so many ways to learn, connect and grow at IEC.

The largest ever CHINAPLAS was successfully concluded at the Shenzhen World Exhibition & Convention Center, PR China on April 20. The show results were impressively indicating a great surge with 3,905 exhibitors from 38 countries and regions around the world. The show occupied 380,000sqm and recorded an attendance of 248,222 visitors from 149 countries and regions. 28,429 visitors came from Hong Kong, Macao, Taiwan region and overseas, accounting for 11.45% of the total. Compared with the 2019 Guangzhou Exhibition, the total number of visitors increased by 51.99%, and compared with the 2021 Shenzhen Exhibition, it increased by 63.16%

After suspending its industrial activities in Russia on March 15, 2022, following the start of the conflict in the Ukraine, Michelin announced the signature of an agreement with Power International Tires LLC for the purchase of its two local companies, Michelin Russia Tyre Manufacturing Company (MRTMC) LLC and Camso CIS LLC. A known partner of Michelin, Power International Tires is one of the main tire distributors in Russia and has a presence throughout the country.

Wilmington, DE – DuPont announced it has been Certified™ by Great Place to Work®, the global authority on workplace culture,