Raw Materials
The International Rubber Study Group (IRSG) and the Global Platform for Sustainable Natural Rubber (GPSNR) have signed a memorandum of understanding (MoU) designed to detail and define efforts to increase cooperation between the two bodies.
Effective 1 September 2019, Birla Carbon will increase specialty carbon black prices in North America by 9 per cent. All shipments made on or after this date are subject to the price increase.
This year Eastman Crystex celebrates its 75th year. The Crystex story began in 1944 when Stauffer Chemical Company filed a patent for its insoluble sulphur product. The name Crystex evolved from “No Crystals” and “Crystals-X” as a literal explanation of the product function and benefit to tyre makers. The brand grew, and high thermal stability grades were introduced. In a short time, Crystex became known for providing robust properties that tyremakers needed as they innovated and operated in more challenging production environments.
Essex-based Synthomer plc, one of the world’s major suppliers of aqueous polymers, has agreed to buy Omnova Solutions Inc., which develops, manufactures and markets polymers, dispersions, elastomers and other speciality chemicals, at a price of US$10.15 per Omnova share. The acquisition values Omnova’s entire issued and to be issued share capital at US$473 million (approximately £375 million), with an implied enterprise value of US$824 million (approximately £654 million). The move is now subject to regulatory approval. This is expected to complete in the fourth quarter of 2019 or the first quarter of 2020.
The IRSG has welcomed a new member, the Plastics Institute of Thailand. The Plastics Institute of Thailand is the eighth specialised network institution under the foundation development industry, ministry of industry approved by a cabinet resolution on 16 November 2010. Its goals are: Technology and management development; increasing marketing capabilities; and creating a plastic industry database.
Operations have started at the recently-completed 3,500 square metre polyester line built at the Kordsa plant in Izmit, Turkey. Kordsa’s Tire Reinforcement business unit commenced work on the additional line in December 2017, and 100 million Turkish lira (£13.3 million) has been invested to provide an additional 7,000 tonnes of polyester yarn capacity. The project was carried out as part of plans announced in 2016 to invest $30 million in further capacity for Korda’s plants in Turkey and Indonesia.
Almost 10 years after Hexpol embarked on a prolonged growth-by-acquisition strategy, here Tyres & Accessories examines the company’s overall progress as well as the particular example of UK-based Hexpol Group member, retreading compound supply specialist Berwin Polymers.
During the first quarter of 2019, Hexpol announced a couple of senior management changes. Most recently, at the end of February, Karin Gunnarsson decided to leave her position as Chief Financial Officer (CFO) and Investor Relations Manager at the Hexpol Group in pursuit of “new challenges”:
On 6 March, the International Tripartite Rubber Council (ITRC) announced plans to reduce rubber exports by 240,000 tons for the next four months.
Evonik reports that it has developed a new silica that it says is particularly suitable for use in truck and bus (TBR) tyres. In contrast to passenger car tyres, TBR tyres use mainly natural rubber, which, in combination with silane, places special requirements on the silica. With Evonik’s latest silica/silane development, fuel savings could be as high 8 per cent, the company said, which cuts costs and is better for the environment.
Trinseo, the global plastics, latex binder, and synthetic rubber manufacturer, is introducing a new grade of multifunctionalized S-SBR called Sprintan 918S, at the Tire Technology Expo from March 5-7 in Hanover, Germany.
On 8 February 2019 Balkrishna Industries’ (BKT) confirmed that the first phase of its new carbon black plant will be commissioned by 31 March 2019.
Lehigh Technologies has won the Young Global Leaders Award for Circular Economy SME (small to medium-sized enterprise) for The Circulars 2019, the 5th iteration of the award, in Davos at the World Economic Forum on 21 January 2019.
Global demand for rubber is expected to rise about 2.5 per cent in 2019 to more than 30 million metric tonnes, according to the International Rubber Study Group (IRSG).
Saudi Arabia is planning to develop a $2 billion solar and carbon black integrated complex in partnership with China’s Longi and South Korea’s OCI, according to various news reports from the area.
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