Electronic Drives and Controls, Inc. (EDC) announced their attendance at the upcoming ICEC Converting Show 2024 at the Orange County Convention Center in Orlando, FL January 9-11, 2024. EDC will be available at booth #617 to discuss automation related to coating and laminating manufacturing solutions with attendees and industry professionals.
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Rapala VMC Corporation has sold group’s entire injection molding business to a Finnish mold and injection molded parts manufacturer Muottituote Group Oy with an agreement signed on the December 22, 2023. With the transaction, Muottituote Group Oy acquires Rapala VMC Corporation’s subsidiary KL-Teho Oy’s real estate located in Korpilahti, Finland, along with the injection molding operations, equipment, and personnel.
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PPG announced the following details for its fourth-quarter 2023 earnings release and teleconference call.
Earnings release: Thursday, Jan. 18, after U.S. stock markets close
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Keflavic, Iceland – Elkem will postpone the start-up of its furnace 3 on Iceland by one month. This follows a
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Petlas introduces the IND-40 —a meticulously designed tire line crafted for skid steers, aimed at enhancing performance in scrap yards, recycling facilities, and mining applications. The IND-40 series, available in two sizes—10-16.5 /138A3, and 12-16.5 / 147A3— embodies Petlas’s unwavering focus on delivering reliable and efficient solutions.
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Smithers announces that Cliff Hodges has joined Smithers as Technical Director of the Tire & Wheel Test Center in Ravenna, Ohio.
Hodges will direct the technical and quality requirements for the Smithers force and moment testing, tire modeling, and other special tire characterizations and evaluation methods. He will also manage and advise technical staff and technical decision-making
Nippon Steel Corporation, Japan’s largest steelmaker and one of the world’s leading steel manufacturers, and United States Steel Corporation announced that they have entered into a definitive agreement pursuant to which NSC will acquire U. S. Steel in an all-cash transaction at $55.00 per share, representing an equity value of approximately $14.1 billion plus the assumption of debt, for a total enterprise value of $14.9 billion. The $55.00 per share purchase price represents a 40% premium to U. S. Steel’s closing stock price on December 15, 2023. The transaction has been unanimously approved by the Board of Directors of both NSC and U. S. Steel.
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The global blow molded bottles market is on a growth trajectory, with estimations pointing towards a substantial valuation of US$ 94.6 billion by the conclusion of 2023 according to Future Market Insights. Furthermore, the sales of blow-molded bottles on a global scale are poised to witness a robust acceleration, boasting a Compound Annual Growth Rate (CAGR) of 4.8% from the year 2023 to 2033. In this trajectory, the global blow-molded bottles market is anticipated to unlock a significant market opportunity, projected at a staggering US$ 151.2 billion by the culmination of 2033.
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ACI launches this landmark event in the realm of sustainable waste-material management. The two-day event will be taking place in Rotterdam, Netherlands on the 31st January to 1st February, and bring together key stakeholders from Chemical and Energy Providers, Raw Material Suppliers, Packaging Manufacturers, Recycling Service and Technology Providers, Chemical and Sustainability Associations, Senior Chemical Consultants and Research Academics.
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The Yokohama Rubber Co., Ltd., announced that it is supplying its ADVAN V61 tires as original equipment (OE) to Lexus for use on the new compact SUVs, the LBX, sales of which will be launched in Japan, Europe, Asia and other markets in December 2023. The new LBX is being fitted with 225/55R18 98H and 225/60R17 99H.
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