ABC Technologies Holdings Inc. announced it has entered into an agreement to acquire an automotive business in North America to be renamed Plastikon Automotive. The business is currently part of Plastikon Industries. Plastikon Automotive is a Tier One and Tier Two automotive interiors, assemblies and electric vehicle (EV) battery housing supplier.
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– Continental has appointed Manja Greimeier as Head of its Tires’ Original Equipment business area, effective August 1, 2023. In this role, she is responsible for the tire manufacturer’s global original equipment business for passenger and commercial vehicles. Her predecessor, David O’Donnel, recently took over responsibility for the global research and development activities for Continental’s passenger car tire replacement business
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Elkem has decided to accelerate maintenance at its plant in Iceland. The accelerated maintenance will curtail production by temporarily shutting down one furnace at the ferrosilicon plant in Grundartangi, about 40 kilometers from the capital Reykjavik. The decision will have no impact on customers or employees.
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Fluon+ flexible AR melt processable compounds are ideal alternatives to THV in formulations because they are resistant to fuels and chemicals, exhibit toughness and flexibility, and have a wide service temperature range. These customizable compounds are readily available as a highly suitable replacement for THV.
AGC Chemicals Americas will feature Fluon+ flexible AR melt processable compounds at the International Elastomer Conference 2023, booth 100, October 17–19 in Cleveland, Ohio.
– BW Design Group’s ControlTech Automation announced it commemorated the opening of its new manufacturing facility on August 3. The move to this expansive 41,000 square-foot space in Maryland Heights marks a significant milestone in ControlTech’s strategic growth plan, and supports its long-term commitment to innovation and delivering quality solutions that meet increasing client needs.
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The global market is anticipated to have a steady CAGR of 4.2% during the period from 2023 to 2033 according to Future Market Insights. The overall market size is predicted to expand from US$ 59.4 billion in 2023 to US$ 89.6 billion by 2033. Previously, the ethylene copolymers market was thriving at a CAGR of 3.5% from 2018 to 2022, resulting in a market size of US$ 57.4 billion in 2022.
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The Global Bias Tire Market size is estimated to grow at a CAGR of 13.46% between 2023 and 2027. The market size is forecast to increase by USD 25,765.53 million. The growth of the market depends on several factors, including the growing demand for bias tires in the agriculture equipment market, a rise in sales of passenger vehicles globally, and an increase in two-wheeler production and sales. The US, China, India, Japan, and Germany are the top countries contributing to the market growth. The US held the largest market in 2021 projecting revenue of USD 3,974.37 million according to Technavio.
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Visitors to the trade fair will be able to experience Continental’s latest solutions firsthand at booth B10 in hall A2. To kick off the fair, a press conference will be held at the Continental booth with Philipp von Hirschheydt, member of the Executive Board and head of the Automotive group sector, on September 4, 2023, from 10:10 to 10:30 a.m. CEST.
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Linglong Tire announced the launch of its wholly owned subsidiary, Linglong N.A. Sales, based in Palm Beach Gardens, Florida and the appointment of Geoff Doster as President of the new company effective August 7, 2023.
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Medical is estimated to be the largest application of micro injection molding machines between 2023 and 2028. The global coronavirus outbreak has surged the demand for medical equipment, including surgical devices, medical systems, and other instruments. Technical advancements in the field of medicine are also driving the use of micro components in medical procedures, improving patient outcomes. The intensified R&D in the medical industry is increasing the demand for micro injection molding equipment as well as medical micro parts.
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