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Sumitomo (SHI) Demag announced that it has placed in the 94th percentile of worldwide companies assessed by EcoVadis, a globally recognized sustainability ratings platform. Awarded silver for the second year in a row, the company narrowly missed out on a gold medal. This repeated recognition highlights Sumitomo (SHI) Demag’s relentless dedication to sustainability, ethics, and responsible business practices, and provides further assurance that the company’s sustainability strategy is continuously advancing in the right direction.

Celanese Corporation earned three category-winning awards at the 53rd annual Society of Plastics Engineers (SPE) Automotive Innovation Awards Competition and Gala in Livonia, Michigan.

Hytrel® TPC-ET, Zytel® PA66, and Celanex® PBT proved worthy of this year’s awards theme, “Power of Plastics,” and were featured in the following category-winning advanced mobility application

Prism Worldwide announced it has raised $40 million in Series A and Series A1 funds. Prism is using the funds to consolidate operations, make capital investments in technology and equipment, and expand its team. To date, the funding has provided a foundation from which Prism has reached commercial viability, demonstrated by an initial round of sales and sales commitments for its thermoelastic polymers (TPEs). The development of these TPEs marks the first time any company has successfully created a sustainable, high-performance polymer derived from end-of-life tires. The funding rounds were co-led by return investors Columbia Pacific Advisors, a Seattle alternative investment firm, and Jim Sinegal, co-founder and former CEO of Costco. The combination Series A and Series A1 funding round also includes participation from Robert “Spike” Anderson, former CEO of Anderson Daymon Worldwide. Anderson is Chairman of Prism Worldwide’s board of directors.

Continuing its longstanding advocacy of environmental outreach programs, Yokohama Tire has renewed its partnership with Tread Lightly! through 2025. This marks the second consecutive year Yokohama will be an official partner of Tread Lightly!, the celebrated U.S-based nonprofit organization that’s dedicated to promoting responsible outdoor recreation through stewardship and educational programs.

Dow has announced the launch of a portfolio of low-carbon material solutions which can help the footwear industry develop more sustainable products which offer the same high-performance results.

The upgraded portfolio consists of bio-circular materials attributed under a mass balance approach, reversible cross-linking resins, post-consumer recycled resins and polyolefin elastomers for artificial leather in various footwear materials and applications.

For the quarter ended September 30, 2024 Apollo Tyres Ltd, on a consolidated level, registered a revenue of Rs 6437 crores, an increase of 3% over the same period last fiscal. For the six months of the fiscal (April – September), the company reported a revenue of Rs 12,772 crores, an increase of 2% over the same period last fiscal. Positive revenue growth was reported, especially from European Operations, in the second quarter.

Effective for all shipments on or after December 1, 2024, or as contracts allow, Cabot Corporation will raise prices globally for carbon black products sold by its specialty carbons business. This price increase is necessitated due to the impact of inflation on labor, maintenance and other manufacturing operations as well as supply chain related costs. The increase will vary by product and geography.

AMfg Labs LLC, in collaboration with JobsOhio, Ohio Southeast Economic Development and Belmont County Port Authority, announced an investment of over $1.1 million to expand its operations in Barnesville, creating 15 new jobs.

The investment is being supported by a $350,000 JobsOhio Revitalization Grant.