HANOVER, Germany—Despite the fact that Michelin has owned Lehigh Technologies since October 2017, the majority of the other tire manufacturers remain comfortable doing business with the producer of micronized rubber powders, according to a company…
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.
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.
Maastricht – Arlanxeo has launched a ‘self-service’ online platform for customers using EPDM produced at Saudi Aramco’s Petro Rabigh joint venture with Sumitomo Chemical.
Under an agreement reached with Aramco in February, Arlanxeo markets the EPDM under its Keltan trademark with the extension ‘KSA’ – standing for Kingdom of Saudi Arabia.
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.
KIYOSU, Japan-Toyoda Gosei is purchasing a majority stake in Hubei Rock Rubber and Seal Technology to strengthen its automotive parts business in China.
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.
COLOGNE, Germany–Lanxess plans to sell its remaining 50 percent stake in Arlanxeo to its joint venture partner Saudi Aramco.
AKRON—Tightness in silicone supply is straining the market, bringing on higher prices and causing trouble for steady sources, with no relief in sight until at least 2019, industry insiders said.