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Ashland’s Responsible Solvers program lauds women change agents inside and outside the company

Ashland Global Holdings Inc highlighted critical accomplishments of female employees via the Ashland Women’s International Network (AWIN) and its annual Business Impact Award winners. The celebration, which coincides with International Women’s Day, is a vital component of the company’s Responsible Solvers™ philanthropic program that puts the power of Ashland’s people and products in the hands of its communities to responsibly solve for a better world.

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CECO acquires rubber expansion joint manufacturer GRC

GRC is a worldwide leader in the engineering and manufacturing of non-metallic (rubber) expansion joints and flow control products with a highly diversified industrial customer base. As originally announced on Jan. 10, CECO now serves an addressable market size of $500 million with this acquisition, thereby expanding its existing offering of EFM dampers and metallic expansion joints to include rubber expansion joints, ducting expansion joints, and industrial pinch and duck bill valves. In addition, the acquisition is expected to increase CECO’s short cycle sales and be highly accretive on an earnings and cash flow basis

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Continental’s EcoContact developed with significantly improved rolling resistance

Continental has developed a tire with a significantly improved rolling resistance for Peugeot, DS and Opel vehicles with electric drive and combustion engine. All electric SUVs Peugeot e-2008, the Opel MOKKA-E and the all-electric DS 3 Crossback E-TENSE, as well as all combustion engine versions of these models will be factory-equipped with the 17-inch tire. The tire is based on a Continental EcoContact 6 (215/60 R17 96H). Its energy efficiency classification exceeds the EU tire label value A requirements by around 17 percent, which means it has a particularly low rolling resistance. It has also received the top EU tire label rating A for wet grip. This development achievement by Continental’s tire engineers and materials experts is all the more remarkable since the reduction of rolling resistance and exceptionally high braking performance are conflicting physical targets. While driving, energy loss should be kept as low as possible to minimize rolling resistance. However, the opposite is true for braking: To keep braking distance to a minimum, tires need to dissipate as much energy as possible. The improvements were achieved thanks to a new sidewall structure and a special rubber compound for the tread.

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Arkema reports group sales up 25 percent for 2021

Arkema reported group sales of €9.5 billion, up by 25.9% compared with 2020 at constant scope and currency:
Growth in volumes of +7.3%, driven notably by robust demand for sustainable solutions with high technological content, particularly in batteries, 3D printing, consumer goods and more environmentally friendly paints; Increase in selling prices of 18.6% over the year, reflecting the Group’s initiatives to offset strong raw materials and energy inflation, an improved product mix, as well as a the tightness of upstream acrylics; EBITDA at historic high of €1,727 million, up by 46.1%, compared with 2020, and EBITDA margin of 18.1%, in an environment marked by operational disruptions and high raw materials and energy costs:
Excellent performance of Specialty Materials, up strongly in each of the segments, with EBITDA of €1,503 million (€1,018 million in 2020) and EBITDA margin of 18.5%.

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