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U.S. Tire Manufacturers Association announces 2023 legislative priorities for 118th Congress

As its annual congressional fly-in approaches, the U.S. Tire Manufacturers Association (USTMA) issued its 2023 federal legislative priorities letter to House and Senate leadership of the 118th Congress outlining key areas of continued cooperation to address the evolving areas of tire safety, environmental stewardship and innovation. USTMA previously engaged with Congress on policies to promote innovative infrastructure technologies and to better position the U.S. tire manufacturing industry to tackle future challenges. The current priorities agenda continues to address those issues while expanding their scope to include equal and standardized access to vehicle data assets and the development of a domestic supply chain of natural rubber.

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Krautzberger integrates patent pending technology and top performing spray guns

Krautzberger has developed an innovative and patent pending Rapid Trigger Air Valve Technology. This technology, along with the reduced needle diameter, allows for faster on / off switching performance, reducing overspray, minimizing material used and producing a near perfect spray pattern. Air volume is increased by 60% so that even highly viscous material can be atomized. With a switching frequency of up to 30 Hz, the patent pending pre and post air control offers high precision and reproducibility in fully automated spraying systems. The Krautzberger Rapid Trigger Air Valve Technology is unique and unlike any existing technology.

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Ashland announces 15 percent increase in quarterly dividend, new dividend policy and $100 million share repurchase program

The board of directors of Ashland Inc. (NYSE: ASH) 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 dividend is payable on June 15, 2023, to stockholders of record at the close of business on June 1, 2023. As of April 30, 2023, there were 52,353,681 shares of Ashland common stock outstanding.

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Apollo Tyres to source 100 percent of its natural rubber from companies committed to new sustainability guidelines

Apollo Tyres is now sourcing 100% of its natural rubber supplies from companies who have committed to sustainability throughout the supply chain, aligning with the code of conduct set out by the Global Platform for Sustainable Natural Rubber (GPSNR). The new initiative, which came into full effect recently, and forms part of Apollo Tyres’ Global Sustainability Strategy, applies to the supply of natural rubber to the company’s two European production facilities in the Netherlands and Hungary.

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