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Wacker opens new production site for silicones in India

WACKER opened a new production site for silicones in Panagarh, India. The plant, which is situated 160 km northwest of Kolkata, will manufacture silicone rubber and ready-to-use silicone compounds for electromobility, medical technology and electrical transmission & distribution. A subsequent expansion stage is planned in the medium term for the production of silicone fluids and silicone emulsions. The site is part of WACKER’s new growth strategy, which the Group presented to investors and analysts at the end of March while at the same time announcing substantial investment in its chemical divisions. In order to serve the increasing demand for silicones in India and to consolidate its position as a leading silicone producer, the company will invest a mid-double-digit million euro amount in Panagarh in the next few years. The first expansion phase will create around 100 new jobs at the site.

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Yokohama Tire announce 7-part tire tips video series

Yokohama Tire, in conjunction with the U.S. Tire Manufacturers Association’s Tire Safety Week (June 27-July 3) initiative, is launching a new, fast-paced seven-part Tire Tips videos series. The 30-second to one-minute videos are hosted by veteran racer Dai Yoshihara, who will explain various aspects of tire safety. The first video is live (see it here) and new ones will continue to be posted throughout Tire Safety Week. They can be found on Yokohama’s social media channels and will be posted to Yokohama’s website under Tires 101.

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Ravago consolidates reprocessed elastomer brands creating the global product standard, Ravaflex

Ravago has announced the global rebranding of its premium brand of reprocessed elastomers under one common product standard, Ravaflex™. The brand name itself means sustainability, reliability, performance, quality, and value. Ravago manufactures reprocessed rubber in Belgium, Saudi Arabia and the United States and is the industry leader in high-value reprocessed elastomers. Ravaflex is manufactured to exact customer specifications, which creates a consistent, quality product, offering cost reduction and sustainability solutions.

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Global low rolling resistance tire market forecast with CAGR of 11 percent through 2030

Surging carbon footprint attributed to heavy automotive usage has led manufacturers to improve existing vehicle tire designs has significantly heightened demand for low rolling resistance tires, according to ESOMAR-certified Future Market Insights’ (FMI) latest research report. As per the study, the global low rolling resistance market is slated to surpass a staggering CAGR of 11% across the forthcoming decade.

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