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WACKER raises full-year forecast after strong quarter

. The Munich-based chemical company generated sales of €2,174.2 million in the reporting quarter (Q2 2021: €1,501.0 million), up by 45 percent year over year. Relative to the preceding quarter (€2,076.2 million), sales were up by 5 percent, benefiting from product-mix and volume effects, as well as from the year-over-year rise in the US dollar. All four business divisions contributed to this sales growth. Polysilicon performed particularly well, with sales increasing by 68 percent year over year, due to higher prices. The two chemical divisions – WACKER SILICONES and WACKER POLYMERS – each grew by more than 40 percent and demand was particularly strong, for example, for products used in adhesives and industrial coatings. Business in biotechnological products and fine chemicals also showed solid growth, with sales up by 16 percent.

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Flexsys earns Gold status in the EcoVadis Sustainability Ratings for 2022

EcoVadis is a reference provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis’ sustainability scorecards provide detailed insight into environmental, social and ethical risks across 200+ purchasing categories and 160+ countries.

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ASTM International Committee honors Mike Warner with distinguished service award

ASTM International presented a Distinguished Service Award to Mike Warner for his contributions to committee D11 on rubber and rubber-like materials.

The award is among the most prestigious honors offered by the committee, conferred for outstanding participation and dedication. Warner was recognized specifically for his more than 26 years of distinguished service and maintenance of international standards for the rubber industry, as well as his diligent subcommittee work.

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Yokohama Rubber promotes procurement of sustainable natural rubber

The Yokohama Rubber Co., Ltd., and its Singapore subsidiary Yokohama Rubber Singapore Pte. Ltd., held a “Suppliers’ Day” for suppliers of natural rubber in this past May. The event was part of Yokohama Rubber’s efforts to promote procurement of sustainable natural rubber, facilitating the exchange of information and establishing a common awareness of supply chain issues. The May 2022 event is the third “Suppliers’ Day” held by the company, following events in 2016 and 2018.

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Sage-ONF begins production of silicone synthetic leather in China

As consumers continue to demand greater sustainability commitments, this new venture extends Sage-ONF’s heritage of sustainability by delivering Silicone Synthetic leather as an innovative petroleum-free, non-carbon-based product solution for today’s mobility interiors. With a steadfast conviction to continuous innovation and earth-friendly business practices, this new material avoids DMF and plasticizer usage.

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Silicones coatings market forecast with a CAGR of 6 percent through 2032

Revenue from the global silicone coatings market currently stands at US$ 6.64 billion. Worldwide consumption of silicones coatings is projected to increase at a CAGR of 6% from 2022 to 2032, as per a new analysis by Fact.MR, a market research and competitive intelligence provider.
The silicone coatings market will be primarily driven by trends of industrialization and urbanization across the world. Rising construction activities, increasing use of silicone coatings in automotive manufacturing, and growing popularity of the features of silicone coatings are expected to favor market growth. However, high costs of production and increased availability of low-cost alternatives are anticipated to have a hindering effect on the demand growth of silicone coatings over the coming years.

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Bridgestone donates $1 million to the United Nations Road Safety Fund

Bridgestone Corporation announced that it will donate U.S.$1.0 million (approximately ¥129 million) to the United Nations Road Safety Fund (UNRSF) over the four-year period spanning from 2022 to 2025. Given its foundation as a tire company, the Bridgestone Group understands that road safety is essential to mobility systems and resilient communities. This initiative aligns with “Ease: Committed to bringing comfort and peace of mind to mobility life” and “Empowerment: Committed to contributing to a society that ensures accessibility and dignity for all” stated in a corporate commitment: the “Bridgestone E8 Commitment.”

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