Zeon elastomers business hit by slow automotive

Tokyo, Japan – Zeon Corp.’s elastomers business has reported weaker first quarter results, on sluggish automotive demand and plant shutdowns.

Net sales for the elastomers segment – comprised of ‘rubbers’, latex and chemicals segments – fell 8% year-on-year to Yen47.1 billion in the three months to end of June, the Japanese materials supplier announced 31 July.

Similarly, sales volume fell 8% to 147 kilotonnes, as all business units reported a decline.

Read the source article at European Rubber Journal

Cabot eyes elastomer composites expansion in Malaysia

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KUALA LUMPUR, Malaysia—Cabot Corp. has reviewed long-term growth plans for its composite elastomers in Port Dickson, Malaysia, with the Malaysian Investment Development Authority.

The Boston-based company has been carrying out liquid mixing of elastomer composites at the site since 1995 and was under a 10-year exclusive technology license with Michelin until recently. In 2017, Cabot announced an investment to expand the elastomer composites product line to serve a broader customer base.

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

Elite Elastomers finds its niche in rubber industry

RIPLEY, Miss.—After spending more than 15 years in the rubber industry, Steve Glidewell got the entrepreneurial urge. So he formed Elite Elastomers and things have grown from there.

Read the source article at Rubber and Plastics News

Editor’s picks: 10 Tire Technology Conference presentations you can’t miss

Tire Technology International’s editor Matt Ross selects 10 speakers you can’t afford to miss at the upcoming Tire Technology Conference, which takes place at Tire Technology Expo Hannover, Germany, on March 5, 6, 7, 2019. Click here to view the full program and book your conference pass here.

Prof. Burkhard Wies, Continental – Physics of tire performance over lifetime: how to ensure best balance between safety and economy

Read the source article at Tire Technology International

2018 Top 10: Raw material volatility

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Prices for raw materials continued to increase in 2018, causing a widespread impact throughout the tire and rubber industries in our No. 3 story of the year.

Read the source article at Rubber and Plastics News

NEP believes Minnesota Rubber is in good hands with KKR

MINNEAPOLIS—Norwest Equity Partners has sold Minnesota Rubber & Plastics to KKR, a private equity firm that NEP believes will continue to invest in growing the rubber and plastics manufacturer.

Read the source article at Rubber and Plastics News

Lion Elastomers expands relationship with distribution partner

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PORT NECHES, Texas–Lion Elastomers is increasing the role of T.L. Squire & Co. as its North American distribution partner for reselling cold styrene butadiene rubber, Royalene and Royaltherm to selected accounts.

Read the source article at Rubber and Plastics News

Zeon elastomers weak due to raw material costs

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Tokyo – Zeon Corp.’s elastomer business has seen operating profit fall 16% year-on-year to Yen9.5 billion for the first six months of its financial year, ending March 2019.

In its half-year financial results 31 Oct, the Japanese materials supplier said rubber sales rose 1% to Yen7 billion despite a 1% decline in volumes at 175,000 tonnes for the period.

The business unit includes Rubbers, Latex and Chemicals.

Read the source article at European Rubber Journal

Rubber Processing Chemicals Market to exceed $5.3bn by 2025: Global Market Insights, Inc.

Rubber Processing Chemicals Market is set to reach USD 5.31 billion by 2025; according to a new research report by Global Market Insights, Inc. The rubber processing chemicals market will be primarily driven by rapidly increasing automobile industry. According to latest OICA reports global automobile sale in 2017 was 97 million vehicles. This massive size of the automobile industry shall fuel the product demand in near future. In addition, positive growth number from the construction industry are likely to help the rubber processing chemical market to grow further. Product is used in the construction industry in roofing materials, floor covering, sound insulators and sealants.

 

Read the source article at Send Press Releases with GlobeNewswire