Todays News

Goodyear opts for renewable energy in European and Turkish plants

announced it will adopt 100% renewable energy at its Goodyear plants across Europe and Turkey in the first of a multiple-phase plan to procure 100% renewable energy in all its facilities across Europe, Middle East and Africa by the end of 2022.

Lubrizol helps enable the circular economy with 100% TPU prototype shoe

Lubrizol Engineered Polymers announces the launch of its first 100% TPU (thermoplastic polyurethane) prototype shoe. The prototype meets the high-performance demands in the footwear industry while achieving greater sustainability through enhanced recyclability and less material waste

Elastomer market forecast to grow by $18.1 billion by 2025

The elastomers procurement category is projected to grow at a CAGR of 4.05% during 2021-2025. The prices are outlined to rise by 4%-6% during the forecast period and suppliers will have a moderate bargaining power in this market. BASF SE, Dow Inc., and JSR Corp. are a few of the key suppliers in elastomers market according to SpendEdge

Apollo Tyres amongst the first few tyre makers to align with GPSNR policy framework

Apollo Tyres Ltd, has released its first natural rubber policy document that is fully aligned with the policy framework of the Global Platform for Sustainable Natural Rubber (GPSNR), and is amongst the first few companies to do so.

Global tire-derived fuels market forecast at $384.0 million by 2031

Tire derived fuels are fitting into a broader drive to improve environmental sustainability and address climate change. Several goals are seen as possible including renew ability, elimination of toxins, optimized design and manufacturing, recyclability and use of post-consumer content. Earlier scrap tires used to be dumped which used to pollute the land and consume lot of efforts for management. With the use of modern technologies to convert scrap tires into fuels has provided solution for more of the environment issues related to waste tires. Tire derived fuels are serving to important purposes such as providing an alternative option to companies such as cement, paper & pulp to use tire derived fuels to save fuel cost and to save environment issues related to waste tires.

Yokohama Tire returns as the official tire for Nitro Rallycross

Yokohama Tire has once again been named as the Official Tire Supplier for 2021 Nitro Rallycross (Nitro RX).  Returning after a one-year hiatus, the five-race, adrenaline-fueled series that features all-wheel-drive, 600-plus horsepower vehicles, standing starts and 100-foot-plus jumps, will feature the ADVAN® A054 tire from Yokohama. The action begins September 24 at Utah Motorsports Campus near Salt Lake City.Nitro RX utilizes innovative, purpose-built tracks that feature some of the world’s best drivers, like Yokohama-sponsored Travis Pastrana, battling for the top spot. Besides Utah, this year’s Nitro RX races will take place in Nevada, Minnesota, Arizona and Florida

Week in Review

Rubber Division - International Elastomer Conference

Still time to register for the International Elastomer Conference

In less than two weeks the International Elastomer Conference will being at the David L. Lawrence Convention Center in Pittsburgh, PA. There’s still time to register and join the best of our industry all under one roof. There are many ways to learn, connect and grow at this event.

Toyoda Gosei invests in E-ThermoGentek, a specialist in thermoelectric power generation

This investment will allow Toyoda Gosei to collaborate with E-ThermoGentek in developing power generation systems for effective use of the thermal energy emitted in the molding and processing of rubber and plastics, its main products.

Unique Fabricating raises $4.4 million, amends forbearance agreement

Unique Fabricating, Inc. announced that it has raised approximately $4.4 million through a private offering and sale of public equity of 1,954,000 shares of common stock at a price of $2.25 per share

Trinseo

Trinseo announces dividend of $0.32 per share

Trinseo announces a dividend of $0.32 per share, an increase of four times the amount of the most recent dividend. In December 2020, Trinseo announced a dividend reduction to enable rapid near-term deleveraging following the acquisition of the PMMA business. Taking into account the Company’s previously announced expectation of a net leverage ratio in the low-2x range by the end of this year, the Board approved today’s increase. The dividend will be a cash distribution payable on October 7, 2021, to shareholders of record as of the close of business on October 1, 2021.

Goodyear announces pricing of €400 million European senior notes

The Goodyear Tire & Rubber Company announced that its European subsidiary, Goodyear Europe B.V. (“GEBV”), has priced its private offering to eligible purchasers of €400 million aggregate principal amount of senior notes due 2028 (the “notes”). The notes will be senior unsecured obligations of GEBV and will be guaranteed on a senior unsecured basis by Goodyear and certain of its wholly owned U.S. and Canadian subsidiaries that also guarantee Goodyear’s obligations under certain of its senior secured credit facilities and senior unsecured notes

Yokohama Advan Sport V105 selected as original equipment on Volkswagen Concept SUV

The Yokohama Rubber Co., Ltd., announced that its “ADVAN Sport V105” has been selected by Volkswagen of America as the tire on its Atlas Cross Sport GT Concept, unveiled in July. The concept model is outfitted with 285/35ZR22 106Y size V105 tires

Purdue University researchers develop the world’s whitest white

Purdue University researchers develop the world’s whitest paint. The paint has earned a Guinness World Records title. The record appears in the 2022 edition of Guinness World Records.

Yokohama Rubber revises its procurement policy for sustainable natural rubber

The Yokohama Rubber Co., Ltd., announced that from this September it is applying a revised version of its Procurement Policy for Sustainable Natural Rubber. The revision incorporates the policy framework adopted by the Global Platform for Sustainable Natural Rubber (GPSNR) at its second general assembly held in September 2020 into the procurement policy established by Yokohama Rubber in October 2018. The revision is a further indication of Yokohama Rubber’s aim to contribute to the achievement of a higher level of natural rubber sustainability.

SmarTech publishes Q2 2021 additive manufacturing market data for metals and polymers

The additive manufacturing market is bouncing back and poised to become bigger than ever according to the latest report from SmarTech Analysis, the leading market analysis firm serving the additive manufacturing industry. Prior SmarTech advisory reports predicted this development more than a year ago at the onset of the coronavirus pandemic in the West. The latest report, released to advisory services clients last week, quantifies continued acceleration in all sectors of additive manufacturing, examining key ongoing trends at play which set the stage for an anticipated move into historic growth.

AMAP announces the retirement of executive director Jim Sattler

Jim Sattler, AMAP’s longtime Executive Director has decided to retire as of September 1, 2021. Jim has served as AMAP’s Executive Director since 2014. Under Jim’s guidance and leadership, AMAP has grown substantially and today lives up to its mission of promoting technical research, education, production, and planning assistance for modified asphalts. 

Cooper Standard appoints Kulikowski to vice president, global internal audit and compliance

Cooper Standard announced the appointment of Amy Kulikowski to vice president, global internal audit and compliance effective September 20, 2021. She replaces Becky McCabe who was recently appointed vice president, chief accounting officer, Cooper Standard.

On demand online rubber technology training available from TechnoBiz

TechnoBiz is offering online training programs for rubber, latex and tire industries located across the world through “KnowHow Webinars” project. With 150+ training tops provided by over 30 global experts. Topics are available as on-demand as well as scheduled. There are more than 150+ specialized training topics available focusing on various issues of rubber, latex and tire industries. These trainings are suitable for Engineers, Chemists, R&D Team, Technical managers and Factory Management. You can join these topics at your preferred local time schedules.  KnowHow Webinars offer membership opportunities for the individuals as well as companies. 

Sumitomo

Sumitomo Rubber North America announces price increase for U.S. and Canada

Sumitomo Rubber North America will increase prices in the US and Canada on Falken and Ohtsu Brand Passenger, Light Truck and Medium Truck Tires as well as implementing inline adjustments on a per size basis. The price increase of up to 10% will be effective October 1, 2021. 

ACS Spring 2022 abstract deadline is October 11

The American Chemical Society announced that abstracts for oral and poster presentations for ACS Spring 2022 will be accepted until Monday, October 11. The theme, Bonding Through Chemistry, will be at the core of programming.

Elkem Silicones supports the Art Center of Saint-Fons City in France

Elkem Silicones supports the CAP, Art Center of Saint-Fons city in France, and has responded favorably to the request of the center and the artist and filmmaker Samir Ramdani to participate in the manufacture of a sculptural work in silicone.

Cooper Standard names Soma Venkat senior vice president, chief information technology officer

Cooper Standard announced the appointment of Soma Venkat, Ph. D., to senior vice president and chief information technology officer, effective September 20. Based at the company’s world headquarters in Northville, Venkat is welcomed back to the company as an executive officer and will also join Cooper Standard’s global leadership team. In his new role, Venkat will be responsible for leading Cooper Standard’s information technology (IT) function.

Goodyear announces offering of €300 million European senior notes

The Goodyear Tire & Rubber Company announced that its European subsidiary, Goodyear Europe B.V. (GEBV), has commenced a private offering to eligible purchasers of €300 million aggregate principal amount of senior notes due 2028.

Birla Carbon enters into the energy systems market at The Battery Show 2021

Birla Carbon has announced its entry into the energy systems market with its participation at The Battery Show 2021 to be held in Novi, MI, from September 14-16. Birla Carbon will present a portfolio of conductive carbon solutions with its Conductex i and Conductex e series of products at the show, along with its forthcoming array of carbon solutions for the battery industry. Birla Carbon’s entry into the energy systems battery applications signifies the increasingly important role of carbon in conductive applications.

Smithers adds tire dynamic ozone aging and cold temperature durability capabilities to Suzhou lab

Smithers announced the addition of ozone resistance and low temperature durability testing capabilities for tires. The new machine is installed at the Smithers Tire and Wheel Testing Laboratory in Suzhou, China, and will serve tire testing customers throughout the Asia Pacific region and around the world.

Enviro’s recovered oil and carbon black receive ISCC sustainability certification

The oil and carbon black that Scandinavian Enviro Systems recovers from end-of-life vehicle tires in its plant in Åsensbruk have been accredited under the International Sustainability & Carbon Certification (ISCC) scheme. In doing so, Enviro has become the first company in the world to receive ISCC certification for recovered carbon black, and the certification is also confirmation of the previously communicated higher commercial values of both carbon black and oil.

NGC launches Acti-Tech grade approved for food contact applications

NGC thereby enlarges its portfolio of Acti-Tech compatibilizer with Acti-Tech compatibilizer 16MA11F, which is compliant with EU food regulation 10/2011. This functional polymer can be added to both PE or PP based formulations and tailored to the process equipment due its optimized melt flow.
Quentin Le Piouff, market development manager for NGC, says: “With this latest addition, we are offering processers and recyclers an easy-to-add and universal compatibilizer for polymer blends used in diverse applications.” “It is also an ideal solution to upcycle mixed polymer feeds from PIR or PCR, enabling the use of these recycled plastics into existing products without lowering end properties,” continues Kevin Barthomeuf, chief technology officer for NGC. Such a food contact compliant compatibilizer is suitable for many industries besides food packaging and recycling. As Quentin points out: “We are still exploring the fit in new applications for our product range.”

Cabot Corporation board of directors member Christine Yan recognized as recipient of 2021 Outstanding 50 Asia Americans in Business

Cabot Corporation announced that board member Christine Yan was selected as a recipient of the 2021 Outstanding 50 Asian Americans in Business Award. Established in 2001 by the Asian American Business Development Center (AABDC), the Outstanding 50 Asian Americans in Business Award annually highlights the achievements of Asian American entrepreneurs, professionals and corporate executives across a wide range of business interests that have a role in driving the U.S. economy.

EnvisionTEC and Covestro collaborate on material and printer solutions for DLP 3D printing

EnvisionTEC and Covestro announced their collaboration on material plus printer solutions to accelerate adoption of industrial 3D printing. Together, the two companies aim to lower the entry barriers for companies looking to adopt 3D printing for producing molds for low volumes or parts with detailed features faster and more economically.

All-terrain vehicle tires market forecast to decrease in value through 2025

According to Technavio, the all-terrain vehicle (ATV) tires market size will decrease by $7.11 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of (0.99) percent. 

Tire Industry Association elects three new members and re-elects a fourth to its board of directors.  

The new board members are Chris Rhoades of BKT Tires, Copley, OH; Gary Schroeder of Cooper Tire/Goodyear, Findlay OH; and Leigh-Ann Stewart of Kal Tire, Vernon, British Columbia, Canada. In addition, Don Vanderheyden of Hennessy Industries, LaVergne, TN, was reelected to a second term on the board.

Desma USA will host a virtual open house, the XpertForum 2021 USA

The event will feature exclusive daily interactive events and present live content with industry experts to engage in one-on-one discussions. XpertForum workshops will present topics including the latest mold-making technology from DESMA’s NAMC division (North American Manufacturing Center) that highlight sprueless/wasteless injection molding.  The DESMA USA Customer Care Center (CCC) will include informative machine maintenance tips.  The company will also showcase remote and digital service products to increase your productivity.  Additionally, representatives will be available in Liverooms to answer questions about the workshops directly during the event.  All content is available with subtitles in 10 languages.

Nexen Tire signs sports partnership with SK Slavia Praha (Prague) Football Club to broaden its presence within European markets

The two-year partnership kicked-off during the Club’s first home league match on 7 August. Throughout the partnership, Nexen Tire’s brand will be visible at the Eden Arena, home of SK Slavia Praha, where the Company will take the opportunity to engage fans, as well as use the SK Slavia Praha logo and player-related content in promotional materials.

Silicone adhesive market forecast at $770 million by 2022

While growth projections by Fact.MR remain positive, the silicone adhesives market might face challenges owing to restrictions imposed amid the COVID-19 crisis. Decelerating sales in the construction sector as a result of the pandemic will continue posing a threat.

Softroc announces expansion plans for Texas

Softroc®, a provider of rubberized surfacing for indoor and outdoor areas, plans to expand its presence in Texas by opening five new locations by the end of the year. Softroc already has two locations in Texas

Ivory Coast issues new law requiring all rubber to be processed before export

The West African country’s parliament approved the law on Monday, according to a statement issued Tuesday.

“Through the adoption of this text, we have just given a boost to the promotion of the industrialization of Ivory Coast, the only guarantee of our country’s development,” said Emmanuel Esmel Essis, the country’s minister in charge of promoting private investment.

Mr. Essis stressed the need “to go for added value, which will help us build a strong prosperous country where all will benefit from economic growth and fallouts”.

Prior to this law, only 50% of the country’s rubber was being processed before shipment onto the world markets.

Translate »