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SyBridge Technologies completes acquisition of Toolplas Systems

Acquisition of the Toolplas Mexico assets enables SyBridge to add a dedicated service center in the Queretaro area, where significant injection molding production is located. It also allows Concours’ existing production facility in Puebla, Mexico, to focus on mold design, manufacturing and validation. The addition of this Queretaro service center increases SyBridge’s customer service network to four dedicated service facilities in North America; it will complement other locations in Alabama, Tennessee and Ontario, Canada.

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Global polyurethane market to reach $68 billion by 2021

There are various stakeholders that contribute to the growth of polyurethanes. The value chain of the polyurethane market consists of a large number of players including raw material suppliers, polyurethane manufacturers, distributors, end-user industries, distributors of finished goods, and consumers. Manufacturers are the main players in this value chain and control the market. Major players from the chemical industry include BASF, Bayer, Wanhua Chemical, Huntsman, Dow Chemical, and Mitsui Chemical. BASF is the largest manufacturer of polyurethane with a global market share of 20 percent in 2015. The top five companies in the market control over 50 percent of the total global market. Joint ventures and innovations are key strategies of leading players in the industry.

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Yokohama’s ADVAN Sport to be original equipment on BMW’s M3 sedan and M4 coupe

The Yokohama Rubber Co., Ltd., announced that it is supplying its “ADVAN Sport V107” tires to BMW M GmbH as original equipment (OE) on the BMW M3 Sedan and BMW M4 Coupe, two new high-performance sports models launched globally by the German automaker. Yokohama Rubber began supplying the tires in November 2020, shipping 275/40ZR18 (103Y) size front tires and 285/35ZR19 (103Y) size rear tires. The two new models join the M5 as BMW M models using YOKOHAMA tires as original equipment.

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Price increase announced for Bridgestone and Firestone OTR and Firestone Ag products

Bridgestone announced it will increase prices up to 8 percent on its U.S. and Canada Bridgestone and Firestone OTR tires and Firestone Ag Tires and Tubes portfolios. It will also increase prices an average of 14 percent on the Firestone Tracks portfolio. This price adjustment is a necessary step as Bridgestone continues to manage market dynamics, including escalated logistics, business and raw material costs.

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Market ReportsNewsrss5

U.S. chemical production falls in March as winter storm impact lingers

The U.S. Chemical Production Regional Index (U.S. CPRI) fell 2.8% in March following a 3.9% decline in February and a 0.6% increase in January, according to the American Chemistry Council (ACC). Chemical output fell in all regions as the impact of the February winter storm continued to disrupt chemical production in the Gulf Coast and parts of the country that rely on raw materials from the region. The U.S. CPRI is measured as a three-month moving average (3MMA) basis

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