LANXESS to buy back shares and strengthen pension assets

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The Board of Management of specialty chemicals company LANXESS decided to make use of the authorization granted by the stockholders’ meeting on May 20, 2016 and to acquire own shares of up to EUR 200 million (excluding incidental costs) via the stock exchange. On the basis of the current share price (status: January 9, 2019), this would amount to around 4.9% of the share capital and would correspond to a number of approximately 4.5 million own shares, LANXESS says in a Press release.

Read the source article at Rubber Asia

Global Synthetic Rubber Market Segments (BR, Sbr, Epr, Iir, Nbr, Butadiene, Styrene, Rubber Additive), Growth, Demands, Revenue and Forecasts 2018-2023

PUNE, India, January 11, 2019 /PRNewswire/ — ReportsnReports adds Global and China Synthetic Rubber Market (BR, SBR, EPR, IIR, NBR, Butadiene, Styrene, Rubber Additive) Report, 2018-2023 to its online research database. In 2018, China boasted a total synthetic rubber capacity of roughly…

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Show news: Comerio to launch calendering machinery

Contrary to recent trends in export recorded by Amaplast, the Italian trade association for rubber and plastics machinery, Rodolfo Comerio registered an increase in the export of its products in both the rubber and the plastics field at the end of 2019, accounting for +3% of the total sales volume recorded last year in the same period.

Even though 2018 started a bit slow for the Italian company, which manufactures calendering lines, there was a surge at the end of the year.

Read the source article at Tire Technology International

Xingda Steel Tyre Cord opens office in Luxembourg

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Xingda Steel Tyre Cord has established an office in Luxembourg, enabling it to better serve customers in Europe while also expanding its footprint.

Senior execs celebrated at the opening ceremony in December last year, which was also attended by world-renowned rubber and tire manufacturers.

The company is systematically increasing its global footprint and also recently established a subsidiary in the USA, Xingda American Company, and has opened a plant in Thailand.

Read the source article at Tire Technology International

Here’s Goodyear Tire & Rubber Fell 36.8% in 2018

What happened Shares of Goodyear Tire & Rubber ( NASDAQ:GT ) slid nearly 37% last year, according to data from S&P Global Market Intelligence . The business couldn’t shake investor concerns over higher crude oil and steel prices, which led to a significant increase in raw-material costs and eroded profit margins, or the ongoing trade war between the United States and China, which threatened to result in tariffs capable of slowing the business.

Read the source article at Fool.com

Latest Rubber Industry Report now available from IRSG

As the sole international body representing the global rubber industry, with its remit centred largely on the provision of timely and relevant economic and statistical information to industry stakeholders, the Secretariat of the International Rubber Study Group (IRSG) publishes data on production, consumption, trade and prices – covering both natural rubber (NR) and synthetic rubber (SR) – on a quarterly basis in its flagship documents, the Rubber Statistical Bulletin and the Rubber Industry Report.

The October – December 2018 edition of Rubber Industry Report is now available from the IRSG. Annual subscriptions and single copies can be purchased by non-members via the website …

Read the source article at rubberstudy.com

Memphis revives Tire Redemption Program

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MEMPHIS, Tenn.—The City of Memphis has brought back its Tire Redemption Program as a way of reducing the amount of illegal scrap tire dumping in the area.

Read the source article at Rubber and Plastics News

Mergers, acquisitions help to define 2018

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Merger-and-acquisition activity soared to unprecedented heights in 2018, especially in the North American wholesale and retail sectors.

Read the source article at Tire Business

YEAR IN REVIEW: BKT expansion heads plant activity

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It certainly didn’t have the panache of 2017, when China’s Triangle Group Co. Ltd. announced it was building a plant in the U.S. and Nokian Tyres P.L.C. broke ground on its first North American plant, but 2018 did have its moments for tire manufacturers revealing plans regarding new plants.

The biggest reveal came in Las Vegas on the evening of Oct. 29, when Balkrishna Industries Ltd. (BKT) Chairman and Managing Director Arvind Poddar — as part of his acceptance speech for being named to the Tire Industry Association Hall of Fame — announced his company was making plans to build its first North American plant.

Read the source article at Tire Business

A Short History of Newburyport’s Shoe Industry

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John Shoe manufacturing was the main industry in Newburyport for the better part of a century, employing thousands, sustaining the local economy and populating the downtown with four and five story factories. My Dodge forebears commenced manufacturing boots and shoes on a truly industrial and increasingly mechanized scale in 1867, but that is hardly when shoe making began in Newburyport. Elisha Perkins Dodge Or should I say boot making?

Read the source article at The Dodge Retort