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Bally Ribbon Mills (BRM announces the availability of nylon cure-tape for rubber hose and roller cover applications. The tapes are being manufactured in both preshrunk/heat set and Teflon®-treated versions.

Synthos announced that Matteo Marchisio, Business Unit Director, Synthetic Rubber at
Synthos, has been appointed to the Board of Directors Tyre Recycling Solutions (TRS) during the Annual
General Meeting on June 29, 2022.

People are increasingly worried about the affordability of their mobility. This is one of the key findings of the Mobility Study 2022, published by Continental. Generally high inflation rates and above all the rapid rise in energy prices are threatening to put the brakes on the transformation of mobility in Germany. Sustainability, specifically in relation to cars, is becoming increasingly relevant to a majority of German citizens. In accordance with this, only 44 percent of Germans surveyed expect the future of mobility to be electric. For a narrow majority of people in Germany, however, environmentally friendly mobility is not currently viewed as a priority against the backdrop of high electricity, gasoline and diesel fuel prices. In addition, more than half of those surveyed in Germany will no longer be able to afford to drive if the price of gasoline exceeds €2.80 per liter. Cost is on people’s minds when it comes to switching to climate-friendly mobility as well: half of the respondents are not prepared to spend more on an environmentally friendly vehicle than on a conventional one. At the same time, almost half (43 percent) indicate the high costs as a reason against specifically purchasing an electric vehicle. In the opinion of a vast majority, governments should therefore do more – through subsidies, for instance – to ensure a rise in the proportion of emission-free vehicles and, above all, to ensure that mobility remains affordable overall. It is the duty of policymakers to create the framework conditions required to achieve this – these expectations are made quite clear by those who took part in the mobility study.

Bridgestone Corporation announced that it has released its latest integrated report—Bridgestone 3.0 Journey 2022 Integrated Report—and made this report available on its corporate website. This report provides with comprehensive and better understanding of its approach and initiatives aimed at enhancing corporate value over the medium- to long-term.

– Cold Jet announces it has entered into an investment partnership with Seidler Equity Partners and Stonehenge Partners in collaboration with Harris Williams.

OCSiAl and H.M. Royal have signed an exclusive license agreement for the US elastomer market.

KraussMaffei announced the realignment of its New Machines (NM) Division: It will be split into Business and Operations. This is accompanied by a change in the management team: Xiaojun Cui, CEO of KraussMaffei China, will take over the global management of the NM Division, Business, on July 1, 2022. He will also remain responsible for KraussMaffei China until further notice. Lars Hoppe, currently Vice President Operations, will be responsible for NM global Operations. The previous Head of the NM Division, Dr. Volker Nilles, will leave the company on June 30, 2022. Xiaojun Cui and Lars Hoppe will both report to CEO Dr. Michael Ruf in their respective new positions as Executive Vice President.

Clariant announced first quarter 2022 continuing operations sales of CHF 1.262 billion, compared to CHF 1.002 billion in the first quarter of 2021. This corresponds to a particularly strong increase of 30 % in local currency and 26 % in Swiss francs. The positive pricing impact of 16 % in part addressed continued cost inflation and also slightly outpaced the volume growth of 14 %. Care Chemicals and Natural Resources grew sales at an accelerated pace, which more than compensated for the expected slightly weaker development in Catalysis.

Brenntag held its General Shareholders’ Meeting on June 9, 2022. As in the previous two years, the meeting took place as a virtual event due to the ongoing constraints of the COVID-19 pandemic. Christian Kohlpaintner, Chief Executive Officer Brenntag SE, and Kristin Neumann, Chief Financial Officer Brenntag SE, presented the highlights of the financial year 2021 as well as for the first months of 2022, emphasizing the strong performance in the two most important key figures, operating gross profit, and operating EBITDA. The management also provided an overview of the comprehensive transformation program “Project Brenntag” and the progress achieved so far

Essen, Germany – Evonik Venture Capital has invested in two sustainability funds: Azolla Ventures I and the Chrysalix Venture Capital’s Carbon Neutrality Fund. Both companies are looking into CO2 reduction technologies, with Azolla focused on North America and Chrysalix globally. This is Evonik’s venture capital arm’s first investment using the new €150 million Sustainability Tech Fund. All parties have agreed to not disclose the amount of the investment.