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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.

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.

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.

On October 20, 2023, Silcotech celebrated its 25th year in business. Today, the company is global, with over 100 employees, doing business out of its own highly automated, state-of-the-art facility in Bolton, just a few blocks from the original location. Silcotech also has a facility in India, Silcotech Bonny Products Pvt Ltd.

TechnoBiz is hosting “Rubber Week 2024” during 22-26 April 2024 in Bangkok, Thailand as a Knowledge Hub with 3 Conferences and 10+ Training Programs

Smart Vision Lights (SVL) announces that its DoAll multifunctional light — which comprises six different machine vision lights — has received UR+ certification from Universal Robots. UR+ offers systems integrators and end users an ecosystem of certified products designed specifically for use with Universal Robots’ collaborative robots, or cobots. All UR+ certified products undergo rigorous testing to validate compatibility with UR cobots.

The Global Thermoplastic Elastomers Market size is estimated to be USD 26.9 billion in 2023 and is projected to reach USD 35.3 billion in terms of value by 2028, at a CAGR of 5.6% between 2023 and 2028, as per the recent study by MarketsandMarkets™. The recovery of automotive sector across the world is driving the thermoplastic elastomers market during the forecast period.