HOUSTON–(BUSINESS WIRE)–Orion Engineered Carbons S.A. (NYSE: OEC), a worldwide supplier of specialty and high-performance carbon black, today announced that it will increase pricing for acetylene black.
Following the acquisition of its acetylene black plant in France, the company adjusted the facility’s strategic focus, requiring new investments to better serve the growing market demand for acetylene black used in lithium-ion battery production. In addition to these strategic investments, the company has also been confronted with rising costs for packaging, transportation and environmental obligations.
Against this backdrop Orion will raise its acetylene black prices by 20 percent globally on March 1st, 2021, or as contracts allow.
Read the source article at businesswire.com
SINGAPORE – Media OutReach – 17 December 2020 – Michelin has won the ‘Smart Mobility’ award from the European Chamber of Commerce in Singapore (EuroCham) at its inaugural EuroCham Sustainability Awards 2020, held virtually on November 17, 2020. The award recognized Michelin’s continued efforts to ensure that its raw materials, in particular natural rubber, are sustainably and ethically sourced.
Read the source article at woah.my
Nokian Tires says it intends to develop a tire concept that uses 100% recycled materials by 2025.
“We develop our winter tires with decades of knowledge of winter conditions. Each new generation builds on the previous, as we are continuously learning and developing new ways to safely adapt to the changing world around us,” said Anu Moisio, brand manager for Nokian Tyres.
“We want the drivers who choose Nokian Tyres products to know that not only can they safeguard their families’ journeys with their tire choice, but that their decision will also respect the world we all live in.”
Read the source article at Tire Technology International
Vipal has announced that it is collaborating in a joint research project studying the possibility of using rice husk residue derived from the process of using rice as fuel for thermoelectric power plants as a raw material for the rubber industry.
Read the source article at Retreading Business
The prices of Vredestein consumer tires are planned to increase on March 1.
The extent of the increase will be up to 5%, including adjustments at the article and pattern level.
The price increases reflect increases in raw material cost movement and an increase in global ocean freight rates, the company says.
Read the source article at Tire Review
Bridgestone Corporation announced that it has developed an optimization system for Para rubber tree plantation that utilizes big data to contribute to higher yield at rubber farms. Rubber farms deploy different clones of trees across vast areas and face various management issues, such as how to optimize the number of trees in a planting area and harvest procedures.
Read the source article at markets.ask.com
Extending the usable life of a tire is part of Michelin’s overall sustainability strategy, says Alexis Garcin, chairman and president of Michelin North America. In addition, the company is working to develop new sources of biomaterials.
Hydrogen is emerging as part of Michelin’s business plan for the next decade as it maneuvers to maintain a sustainable course through a rapidly changing mobility landscape.
The tire maker already has built its first zero-emission plant as part of a broad effort within the company to become carbon neutral by 2050, Alexis Garcin, chairman and president of Michelin North America, says during a webinar sponsored by the North American International Auto Show.
Read the source article at WardsAuto
HOUSTON (ICIS)–Trinseo is cutting its quarterly dividend to 8 cents/share, suspending its share repurchase programme, and is considering the sale of its synthetic rubber business, the US-based styrenics producer said on Monday. …
… Meanwhile, Trinseo is exploring the possible divestment of its synthetic-rubber business.
“Our synthetic-rubber business is a very valuable asset and there are significant growth opportunities in the tyre market,” Frank A. Bozich, President and CEO, said in a statement. “However, we believe the industry continues to evolve and there are other parties who can better capitalise on these growth opportunities.”
Read the source article at icis.com
Shropshire, UK – Smithers, a leading provider of testing, consulting, information, and compliance services, recently appointed Kyle Jaggers as Supervisor of Product Testing. Jaggers will be responsible for the running of Smithers’ UK Product Testing laboratory to support the needs of clients, primarily focused around the transportation sector.
Based at Smithers’ Shropshire, UK laboratories, Jaggers will guide the Product Testing team with his diverse industry experience and will deliver the organisation’s commitment to understanding and meeting clients’ needs with tailored support and accurate data, on time.
Read the source article at Smithers
… Back in 2005 a group of leading tire company CEOs set out to study a range of tire lifecycle issues on an organized basis.
The idea gave birth to the Tire Industry Project. Organized as a voluntary collaboration under the umbrella of the World Business Council for Sustainable Development (WBCSD), the group’s membership is currently comprised of 11 major tire companies and co-led by Bridgestone, Goodyear and Michelin.
“The main role of TIP is to generate knowledge and science related to human health and environmental impacts,” Director Anne Cécile Rémont told TriplePundit. “TIP came from CEOs who realized that if they mutualized their efforts, it would be more efficient, and they would achieve a much greater impact.”
Read the source article at TriplePundit