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.
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.
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.
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.
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.
LOUISVILLE, Ky.–Tire Conversion Technologies, a Latham, N.Y.-based manufacturer of custom OEM recycled rubber products, was a first-time exhibitor at the International Elastomer Conference, held Oct. 9-11 in Louisville.
AKRON—Prices for synthetic rubber and petrochemical feedstocks have been “incredibly volatile” and are likely to remain so for a while, according to a speaker at the International Tire Exhibition & Conference in Akron Sept. 11-13.
“Energy- and economy-related fundamentals in the synthetic rubber market are encouraging, but risks abound,” said Bill Hyde, executive director-olefins and elastomers at IHS Markit.
HOUSTON—ExxonMobil Chemical Co. operates in three main elastomer markets, and in each case the firm was involved right from the start.
That means the Houston-based business of ExxonMobil Corp. has seen its ExxonMobil butyl rubber business operate for roughly 80 years, its Vistalon-brand EPDM unit for 55 years and its Santoprene-brand thermoplastic vulcanizate operation—the baby of the family—for more than 40 years.
And with that history, the company believes it has the knowledge, the technical know-how and the supporting business in place to continue achieving success now and in the future, whether that means in traditional businesses or the evolving new world of transportation, said Kurt Aerts, ExxonMobil vice president for specialty elastomers and butyl polymers.
Changshu, China – ContiTech AG has expanded its footprint in China with the opening of a production plant for 3D blow mould hoses in Changshu.
The company announced 28 Aug that the RMB 70 million (€10 million) production unit will supply hoses for high-performance turbochargers for automotive OEMs.
The hoses, ContiTech confirmed to ERJ, will be made of thermoplastic elastomers, expanding the company’s products and solutions portfolio within the Chinese automotive industry.
The tire of the future will be round, probably black and more than likely pneumatic.
Beyond that, the variables in play—new materials, new manufacturing methods, changing vehicle designs and needs, etc.—present an evolving spider web of tire design parameters that put all design features, except round, into play.
To gain insight into how the tire industry perceives the tire of tomorrow, Rubber & Plastics News surveyed a handful of major tire makers, asking about a number of game-changing aspects of tire design.