Chemical, manufacturing groups oppose U.S. tariff hike

WASHINGTON—The U.S. government followed through on plans to raise tariffs May 10 on $200 billion worth of imports from China, but the decision is drawing opposition from chemical and manufacturing industry trade groups.

Talks between Washington and Beijing were continuing at press time, as the American Chemistry Council and the National Association of Manufacturers urged a solution to trade disputes without using tariffs.

Read the source article at Rubber and Plastics News

Aurora still on the hunt for acquisitions

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STREETSBORO, Ohio—Compounding firm Aurora Plastics L.L.C. shows no signs of slowing its growth after purchasing Elastocon TPE Technologies Inc., Aurora’s fourth acquisition in two years.

For Aurora, acquiring Springfield, Ill.-based Elastocon “increases our presence in thermoplastic elastomers and allows us to build on an existing franchise,” CEO Darrell Hughes said.

Read the source article at Rubber and Plastics News

Cabot Corp Reports Second Quarter Fiscal 2019 Results

BOSTON–(BUSINESS WIRE)–May 6, 2019– Cabot Corporation (NYSE: CBT) today announced results for its second quarter of fiscal year 2019.

Key Highlights

  • Positive impact from calendar year 2019 tire customer agreements more than offset by pricing weakness in China in Reinforcement Materials
  • Performance Chemicals impacted by soft automotive demand and a less favorable product mix
  • Announced agreement to divest Specialty Fluids segment in transaction valued at $135 million
  • Continued commitment to return cash to shareholders with $70 million of dividends and share repurchases in the quarter

Read the source article at Markets data

Orion Engineered Carbons S.A. Announces First Quarter 2019 Financial Results

Orion Engineered Carbons S.A. (NYSE: OEC), a worldwide supplier of Specialty and High-Performance Carbon Black, today announced first quarter 2019 financial results.

First Quarter 2019 Highlights

  • Net Income of $19.0 million and basic EPS of $0.32 versus $26.8 million and $0.45 in first quarter of 2018
  • Adjusted EPS1 of $0.40
  • Cash flow from operations of $26.2 million
  • Total Carbon Black volumes decreased 

Read the source article at EPICOS

Donald Chen named CEO of Arlanxeo

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As of 1 May, Donald Chen will succeed Jorge Nogueira as chief executive officer of Arlanxeo. Nogueira is retiring from the rubber manufacturer after a career spanning nearly 40 years in the chemical and pharmaceutical industry.

“With Donald Chen we have an experienced leader and industry expert joining the company,” states Abdulaziz M. Al-Judaimi, chairman of the Arlanxeo Shareholders’ Committee and senior vice-president of Downstream at parent company Saudi Aramco. “He has spent many years of his working life in the Asia-Pacific region, a key growth region for Arlanxeo. Donald joins Arlanxeo in a critical market environment and we are confident he will lead the company through the current transition and drive growth.”

Read the source article at Tyrepress

Video: Rubber: It’s Not Just Tires

This exciting video demonstrates the significance of rubber in everyday life and was designed to introduce the next generation of workers to this extraordinary industry. Learn more at www.notjusttires.org

Read the source article at youtube.com

Ravago buys rubber distributor HB Chemical

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Twinsburg, Ohio – Ravago Holdings America Inc has acquired  HB Chemical Inc for an undisclosed amount.

Based in Twinsburg, Ohio, HB Chemical is a North American distributor for the rubber industry.

The company’s product portfolio includes synthetic rubber, accelerators, plasticisers and antioxidants required by manufacturers of rubber and elastomer products.

“HB represents a unique combination of Ravago’s core businesses: polymers and chemicals,” Ravago America CEO Jim Duffy said in a statement.

Read the source article at European Rubber Journal

Americas petrochemicals outlook, w/c March 4

US OLEFINS

With the February propylene contract having settled last week, US olefins participants said they were now awaiting February ethylene contract settlements this week. Trade participants were expecting a decline for the February ethylene contract as spot levels in February have fallen to a 7-month low amid ample supply. However, the spot market rebounded…

Read the source article at Global Rubber Markets News

Silica Market Size Worth $10.10 Billion by 2026 | Cagr: 8.6%: Grand View Research, Inc.

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SAN FRANCISCO, March 5, 2019 /PRNewswire/ — The global silica market size is anticipated to reach USD 10.10 billion by 2026, according to a new report by Grand View Research, Inc., registering an 8.6% CAGR during the forecast period. Rising demand for silica across various end-use…

Read the source article at PR Newswire

Evonik’s new truck tyre silica

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.

Read the source article at Tyrepress