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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.

Trinseo announced that its Board of Directors authorized a quarterly dividend of $0.32 per share. The dividend will be a cash distribution payable on July 21, 2022 to shareholders of record as of the close of business on July 7, 2022.

The EV industry needs electrically-conductive gaskets that combine proven environmental resistance with reliable shielding against electromagnetic interference (EMI) and radio frequency interference (RFI).

The U.S. Tire Manufacturers Association (USTMA) is hosting a Capitol Hill virtual fly-in June 14-16 for its Tire Manufacturing Ambassadors to raise awareness about issues important to the U.S. tire manufacturing sector and the communities it serves. The Ambassadors represent USTMA’s 12 member companies, and the annual event provides the opportunity to share perspectives on industry economic impact, innovative infrastructure solutions, and sustainability with elected officials who make policy that impacts manufacturing.

Cooper Standard announced the promotion of Amy Kulikowski to vice president, chief accounting officer effective July 11, 2022. She replaces Becky McCabe who is departing the company to pursue other career opportunities.

– Sumitomo Chemical Co., Ltd. and U.S.-based Newlight Technologies, Inc. have started the joint development of polypropylene (PP) compounds for use in automobiles and textile applications using a carbon-negative biomaterial produced by microorganisms from methane called AirCarbonTM.