rss3

Borealis announces that it is using the occasion of the Plastics Recycling Show Europe (PRSE) in May to highlight a new monomaterial pouch containing over 95% PP and designed for recycling. Developed in collaboration with value chain partners, this more sustainable high barrier packaging format offers a range of benefits for the blown and cast film extrusion processes as well as for brand owners and end consumers. As a monomaterial PP packaging format, it can help meet ambitious recycling and waste reduction targets set forth in the EU’s Packaging and Packaging Waste Regulation (PPWR) as well as eco-modulation criteria for Extended Producer Responsibility (EPR) programs.

Infinity Recycling, Invest-NL and LyondellBasell announced they have invested in Pryme N.V., an innovative cleantech company, located in Rotterdam, the Netherlands. The group of investors contributed nearly EUR 13 million to support the commercialization of Pryme’s pyrolysis process to convert used plastic into valuable products on an industrial scale. Pryme is currently building an advanced recycling plant in Rotterdam that is expected to start production later this year and plans to build a second larger-scale plant in 2025.

Brenntag and Kao have a long-standing successful partnership in Sweden and Norway, and will now serve Personal Care (PC) and Household, Industrial & Institutional Cleaning (HI&I) customers in the entire region with a portfolio of surfactant solutions.

The board of directors of Ashland Inc. has declared a quarterly cash dividend of $0.385 cents per share on the company’s common stock representing a 15 percent increase from the previous quarter.

The Rubber Division ACS has the following upcoming training opportunities in June.

Specialty Silicone Products of Ballston Spa, New York (USA) makes conductive silicones for EMI gaskets that are used with drones and UAVs. These specialized elastomers are available with nickel-aluminum, nickel-graphite, silver-aluminum, silver-copper, silver-glass, and silver-nickel fills with proven levels of EMI shielding. Many of these elastomers meet lettered requirements in the MIL-DTL-83528 specification, and some have a qualified product listing (QPL) from the U.S. Department of Defense.

The Goodyear Tire & Rubber Company introduced the Cooper® ProControl™, an all-season tire engineered to help deliver enhanced wet handling and long-lasting, even tread wear for confident control and traction for today’s drivers.

Cooper Standard’s Aguascalientes, Mexico Mixing facility has been named one of only five 2023 IndustryWeek Best Plants finalists for its world-class manufacturing practices.

First quarter sales increased 0.7% compared to prior year, driven by strong price/mix, partly offset by the effect of lower volume and the impact of foreign exchange. Revenue per tire increased 12% excluding the impact of foreign exchange. Tire unit volume in the quarter totaled 41.8 million units, down 7.1% from prior-year levels. The stronger U.S. dollar reduced sales by approximately 3%. First quarter 2023 net loss was $101 million ($0.35 per share loss) compared to net income of $96 million ($0.33 per share) a year ago. The decrease in net income was primarily due to cost of goods sold increases, driven by inflation and higher raw material costs, in excess of increases in net sales.

Continental has fully acquired the printing technology business of Trelleborg, a company headquartered in Lodi Vecchio, Italy. This strategic step expands the technology company’s range of surface solutions in the field of printing technology at the same time as boosting its business with industrial clients.