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Top Glove reports lower profits in third quarter

– Top Glove Corporation Bhd expects the average selling price (ASP) for rubber gloves would drop below the 2019 pre-pandemic
level, depending on the supply and demand conditions, executive chairman Tan Sri Dr Lim Wee Chai said to reporters during their third quarter report.
He said ASP, especially for nitrile gloves, has dropped significantly and affected the company’s margin, which is almost bottoming down.
He said in the last six months, the supply of rubber gloves had reduced mainly due to a halt in production by industry players by more than 50 per cent while demand remained elevated especially for medical usage as well as non-medical industry.

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Albemarle Corporation announced the release of its annual global sustainability report

Last year, Albemarle began executing its climate strategy and the company is on track to meet or exceed initial sustainability targets for GHG emissions and freshwater intensity. This year’s report includes 2021 actions such as the procurement of renewable energy in the U.S. and the Netherlands and construction completion of a $100 million thermal evaporator in Chile. Albemarle also engaged PricewaterhouseCoopers LLP to provide independent assurance of scope 1 and 2 GHG data.

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Kia Niro comes factory-fitted with Continental tires

For its new Niro, Kia is once again factory-fitting tires from Continental. The tire manufacturer is supplying its EcoContact 6 Q, PremiumContact 6, and ProContact RX premium tires directly to the factory. In Europe, the Middle East and Africa, the fully electric Niro model variant is being factory-fitted with 17″ EcoContact 6 Q tires. The HEV (hybrid electric vehicle) and PHEV (plug-in hybrid) versions are rolling ex works on 18″ tires from the PremiumContact 6 line. Customers in the USA and Korea can choose the 18″ ProContact RX as all-season tires for their new HEV or PHEV.

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DuPont opens new biopharma tubing manufacturing site in the United States

ongstanding biopharmaceutical manufacturing site in Hemlock, Michigan. The Cooper River site will bring additional extrusion capacity online over the next two years to serve strategic customers in the short term and expand its Liveo™ Healthcare customer base with additional supply in the medium term.
“The biopharma processing manufacturing investment at Cooper River is a key milestone in our growth strategy; it supports our customers’ expansion and contributes to business continuity,” said DuPont Healthcare & Specialty Lubricants Global Business Director Eugenio Toccalino. “We’re committed to investing in our healthcare business, and our recent expansions help us offer a highly reliable and sustainable product supply.”

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Wacker receives Supplier Award from Avery Dennison

– The label and packaging material manufacturer Avery Dennison has honored the Munich-based WACKER Group for its outstanding service. As part of the annual supplier evaluation, WACKER was recognized with this year’s Supplier Distinction Award for high reliability, excellent customer service and product quality. The chemical company, which supplies Avery Dennison with silicone-based release agents for release papers, had already been recognized for its excellent service in 2019.

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Market ReportsNewsrss5

Global silicone gel market forecast at $2.39 billion by 2027

As per the report published by Fior Markets, the global silicone gel market is expected to grow from USD 1.42 billion in 2019 to USD 2.39 billion by 2027, at a CAGR of 6.72% during the forecast period 2020-2027. The Asia Pacific market is anticipated to witness significant growth in China and India, owing to increasing the output in the chemical industry, increased investments in construction, chemical, electrical and electronics, and pharmaceuticals. The market in North America will have a positive impact, due to increasing use of silicone gel in pharmaceuticals and supportive government regulations and expenditure on healthcare industry. Europe is anticipated to be the fastest-growing market, owing to the increasing use of silicone in personal care goods and the presence of a large number of cosmetic manufacturers. Middle East region has supportive government regulations and is anticipated to fuel the market growth. Silicone gel acts as a catalyst support in the petrochemical industry for the production of chemical separation, polyolefin, filtration, and plastic products.

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