The global rubber process oil market is estimated to grow majorly on account of rapid growth in automotive sector. The rubber industry plays a role in the automotive sector particularly in the consumption of Rubber Process Oils. As the global demand for automobiles continues to increase there is a rise in the need for Rubber Process Oils. In 2021, the worldwide revenue generated by the manufacturing industry reached approximately USD 2.80 trillion. This industry heavily depends on rubber products, like tires, gaskets, hoses and shock absorbers that are manufactured using Rubber Process Oils.

The Goodyear Tire & Rubber Company reported third quarter sales decreased 3.2% compared to prior year driven by the impact of commercial truck industry weakness and lower other-tire related sales (mostly the effect of lower third-party chemical sales). The currency impact increased sales by less than 1%. Revenue per tire increased 2%, excluding the impact of foreign exchange.

Bridgestone Americas (Bridgestone) announced its Nashville teammates and partners from across the country raised more than $2.44 million in 2023 for the United Way of Greater Nashville to support the organization’s network of local organizations providing essential services and programs across Middle Tennessee. This year’s donation is yet another record for the company in support of a nearly 30-year partnership with United Way that has raised more than $12.8 million for the organization since 2015.

Gehring-Montgomery is part of TER Chemicals Distribution Group, held by TER Group, a globally active family enterprise organized in three divisions. The divisions specialize in the sectors of chemical distribution, plastics distribution and processing, wax finishing and adhesives production. Founded in 1908, the group now has 1,150 employees, 48 subsidiaries and 9 production sites. The acquisition of Strohmeyer & Arpe’s Wax Division is marking a significant expansion of its product portfolio in carnauba wax and a strategic move to strengthen its position in the US market.

For the quarter ended September 30, 2023 Apollo Tyres Ltd, on a consolidated level, registered a revenue of Rs 6,280 crores, an increase of 5% over the same period last fiscal. For the six months of the fiscal (April – September), the company reported a revenue of Rs 12,524 crores, an increase of 5% over the same period last fiscal. Positive revenue growth was reported, especially from Indian Operations, in the second quarter, and in the first half of the fiscal year.

Registration is open for the Mid Atlantic Rubber & Plastics Group Educational Symposium being held on Thursday, November 16, 2023, 8:30 AM – 2:30 PM an the Inn at Villanova, 601 County Line Road, Radnor, PA 19087. Cost is $70 per person for members & non-members (includes breakfast of pastries & coffee/tea and a hot buffet lunch). Please register by Friday, November 10.