Editorial: GM sustainable NR efforts off to impressive start

With climate change, deforestation and water becoming increasingly important issues, assuring natural rubber sustainability has become crucial to every industry that depends on NR. And while it’s been less than a year since General Motors pledged to support sustainable rubber production, it’s clear that the auto maker has made progress in this laudable goal.

Of course, tackling this issue isn’t a short-term goal, and one that can’t be done alone. To that end, the Detroit-based automotive giant has worked to gain the support of a wide coalition of allies to the effort. It’s encouraging, as well, to see the effort put forth over the past nine months.

Four of the world’s top tire producers were there last May when GM made its initial announcement, and the auto maker soon after had a prominent role in delivering presentations at Michelin’s advanced mobility conference in Montreal. Then this past November at a meeting of the Tire Industry Project, CEOs of 11 tire makers vowed to take the necessary steps to lead to sustainable NR.

Read the source article at Rubber and Plastics News

Tyromer Brings Tire-Derived Polymer to U.S. Retreading Market

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Tyromer Inc., a scrap tire devulcanization company,  is now producing a high performance, non-chemical devulcanized rubber made from crumb or retread buffing in the United States.

Their tire-derived polymer or TDP can actually increase performance when incorporated into a pre-cure tread compound and costs less than virgin material.

Read the source article at Tire Review

Cooper Tire Breaks Ground on Mississippi Distribution Center

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Cooper Tire & Rubber Co. recently broke ground on its distribution center in a business park that straddles the Tennessee-Mississippi border, according to The South Reporter.

At the groundbreaking, Mississippi Gov. Phil Bryant joined Cooper’s Bob Sager, the company’s director of North American supply chain, as well as other development officials in excitement about Cooper’s investment in the state.

Read the source article at Tire Review

Report: Michelin-licensed rubber JV to start operation in Q2 ‘18

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Jakarta – A Michelin-licensed synthetic rubber manufacturing plant in Indonesian is 93.5% complete and set to start production in spring, according to a news report.

The facility is to be operated by PT Synthetic Rubber Indonesia (SRI), a joint venture company of Michelin and PT Chandra Asri Petrochemical Tbk (CAP).

Read the source article at European Rubber Journal

Hedge fund Bridgewater makes $22 billion bet against European firms

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LONDON/FRANKFURT/NEW YORK (Reuters) – Bridgewater has shown its hand in Europe with a $22 billion bet against some of the continent’s biggest companies, filings reviewed by Reuters show, part of a bigger shift by the world’s largest hedge fund manager.

Although data was not available to show whether Bridgewater holds more European stocks than it “shorts” overall, an investor in the hedge fund firm’s Pure Alpha Major Markets strategy said that its position was slightly net “long” on Feb. 6.

Read the source article at Global Rubber Markets News

Tire Technology Expo – opens next week!

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Tire Technology Expo returns for a third visit to the city of Hannover, Germany, next week (February 20-22, 2018). With under a week to go, now is the time to register for your free pass, if you haven’t already!

The exhibition will be even bigger than in 2017, with 280+ exhibitors presenting the latest technology for tire research, development and manufacturing.

Read the source article at Tire Technology International

Kumho Petrochemical expects materials prices to rise

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Seoul – Kumho Petrochemical is expecting slight improvements in prices for butadiene and maybe also synthetic rubber over the coming months – in contrast to the roller-coaster trends of last year.

In its 2017 full year financial statement, the South Korean rubber and resin manufacturer said butadiene supply is forecast to be “stable” due to new operations in the region.

Read the source article at European Rubber Journal

LyondellBasell Announces Entry into a Definitive Agreement to Acquire A. Schulman, Inc.

LyondellBasell (NYSE: LYB), one of the largest plastics, chemicals and refining companies in the world, and A. Schulman, Inc. (NASDAQ: SHLM), a leading global supplier of high-performance plastic compounds, composites and powders, today announced that they have entered into a definitive agreement under which LyondellBasell will acquire A. Schulman for a total consideration of $2.25 billion. The acquisition builds upon LyondellBasell’s existing platform in this space to create a premier Advanced Polymer Solutions business with broad geographic reach, leading technologies and a diverse product portfolio.

Read the source article at Stock Market Data Today

Pirelli Creates $1,525 Hand-Crafted Skis with Italian manufacturer

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Everyone knows the iconic Pirelli logo in the tire industry, but recently, the tiremaker debuted a limited-edition product in the winter sports market.

The tiremaker’s engineers partnered with Blossom Skis, a small Italian manufacturer of alpine sports equipment, to create limited-edition skis, which feature a layer of vibration-damping rubber inserted by the tiremaker.

Read the source article at Tire Review

Goodyear Celebrates Dan Earnhardt Jr. in New Ad During Daytona 500

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Goodyear Tire & Rubber Co. and race car driver Dale Earnhardt Jr. are celebrating their relationship through a new advertisement set to air during the Daytona 500.

The 30-second commercial, called “Make a Name,” features Goodyear’s history with the Earnhardt family set to the Jim Croce song “I Got a Name.” Goodyear will first air the ad on television during Fox’s broadcast of the race on Sunday, Feb. 18.

Read the source article at Tire Review