Akron, Ohio – Goodyear Tire & Rubber Co. has progressed with the use of rice husk ash (RHA) silica in its tires as a bio-alternative to traditional sand-based silica.
The company started the production of rice-silica tires at its factory in Pulandian, china in 2015, using silica, provided by Yihai Food and Oil Industry.
In its 2018 corporate responsibility report, Goodyear said it had introduced RHA silica in ‘several of its global manufacturing facilities over the past two years.’
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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…
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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
Cooper Tire Europe has launched its new Discoverer all-season tire, designed to provide high traction in unpredictable weather – all year round.
The new Discoverer, which comes in a wide range of sizes, offers high levels of grip over a wide temperature range, thanks to the incorporation of special silica and resin technology.
Read the source article at Tire Technology International
BOSTON – Effective October 1, 2018, or as contracts allow, Cabot Corporation will increase prices, up to 7 percent globally, for its PLASBLAK® masterbatches as well as its CABELEC® conductive compounds and concentrates. This price increase is required to offset the dramatic rise in raw material costs. The increase will help to ensure that Cabot remains a reliable, long-term supplier of high quality products and services.
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THE WOODLANDS, Texas, Oct. 02, 2017 (GLOBE NEWSWIRE) — Nexeo Solutions, Inc. (NASDAQ:NXEO) a leading global chemicals and plastics distributor, announced a new distribution agreement with Cabot Corporation (NYSE:CBT) a global specialty chemicals and performance materials company, headquartered in Boston, Massachusetts.
This new agreement starting in October will make Cabot’s specialty carbon, fumed silica, fumed alumina, dispersions, and aerogel product lines available to current and prospective U.S. based Nexeo customers in the states of Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, New York, New Jersey, North Dakota, Ohio, Pennsylvania, South Dakota, West Virginia and Wisconsin.
Nexeo Solutions was chosen for its ability to continue Cabot’s tradition of high-quality customer care and technically capable sales support. Through this agreement, Cabot will enhance customer engagement by leveraging Nexeo Solutions’ market specific commercial and technical expertise that aligns with Cabot’s product lines. In addition, Cabot will benefit from Nexeo Solutions’ complementary product offerings as well as their strong infrastructure and integrated systems.
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CARROLLTON, Ky.–(BUSINESS WIRE)–Sean Keohane, president and chief executive officer of Cabot Corporation(NYSC:CBT) and Howard Ungerleider, chief financial officer of DowDuPont (NYSE:DWDP) joined more than 150 local officials, business leaders and community members today to celebrate the groundbreaking of Cabot’s world-class, fumed silica plant located adjacent to Dow’s Carrollton site in western Kentucky. The official ceremony was held in the presence of local government representatives and other business leaders at the site of the new facility. The groundbreaking coincides with the 50th anniversary of the Dow site in Carrollton and celebrates the Company’s history of innovation through silicones chemistry.
Announced in May 2017, the new manufacturing facility is scheduled to be operational by 2020, and will extend Cabot’s long-term relationship with Dow while furthering Cabot’s position as a leading producer of fumed silica. Upon completion, the plant will incorporate Cabot’s latest technology advances into the plant design and operations. Additionally, the collocation enables a fence-line relationship with Dow, creating a closed-loop system that reduces transportation risks, increases manufacturing efficiencies and reduces waste.
“This is wonderful news for the Carrollton community and the region, as we welcome new manufacturing and celebrate 50 years of innovation,” said Kentucky Gov. Matt Bevin. “Both of these companies, Cabot and Dow, bring a rich history of excellence to our state and a proud tradition of community and employee support.”
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Cabot Corp. (NYSE:CBT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday.
According to Zacks, “Cabot Corporation is a global specialty chemicals and materials company. Cabot’s major products are carbon black, fumed silica, inkjet colorants, and aerogels. Cabot has manufacturing plants located in countries around the world. (Company Press Release) “
Other research analysts have also recently issued reports about the company. TheStreet cut Cabot Corp. from a “buy” rating to a “hold” rating in a research note on Monday, October 31st. Jefferies Group reiterated a “buy” rating and issued a $60.00 price target on shares of Cabot Corp. in a research note on Tuesday, September 13th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $53.40.
Read the source article at The Vista Voice
Cabot Corporation announced today that its wholly-owned subsidiary, Cabot (China) Ltd., has signed a joint venture agreement with Inner Mongolia Hengyecheng Silicone Co., Ltd (HYC), to form a joint venture to manufacture fumed silica in China. Cabot will hold an 80 percent share in the joint venture and HYC will own the remaining 20 percent.
The joint venture will invest approximately $60 million to build a world-class fumed silica manufacturing facility to be located in Wuhai, China. The new facility will have a manufacturing capacity of 8,000 metric tons of fumed silica per year. Subject to obtaining the necessary governmental and regulatory approvals, construction of the plant is expected to begin in early 2017 and will be completed in 2019.
Read the source article at businesswire.com