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.
FRIEDRICHSHAFEN, Germany—As it prepares for future mobility solutions, Lanxess is targeting electrically charged vehicles as a key growth area.
BERWYN, Pa.- Trinseo (NYSE: TSE), the global materials company and manufacturer of plastics, latex binders, and synthetic rubber, today has published its 2018 Sustainability and Corporate Social Responsibility (CSR) Report , which showcases how Trinseo is meeting or exceeding the highest standards of safety and environmental performance, and developing innovative solutions that benefit our world.
Arlanxeo is all set to strengthen its position as the world’s leading manufacturer of synthetic rubber. The company will invest EUR mid-double-digit million to modernise its production plants in Triunfo, Brazil and La Wantzenau, France. For the Brazil plant, the company will invest its facility in Triunfo, Rio Grande do Sul, to make the production of polybutadiene rubber (PBR) more flexible. The plant currently produces emulsion styrene-butadiene rubber (E-SBR), mainly used for car, truck tyres.
WASHINGTON — Industry and retail trade groups for the most part are opposed to the Trump administration’s decision to impose import tariffs ranging up to 25 percent on as much as $250 billion in goods imported from China.
MONTREAL — Group Michelin has set itself a pair of ambitious tire-recycling targets for the coming 30 years. Simply, said Cyrille Roget, Michelin technical and innovation communications director, the goals are intended “to change what tires become and to change what they are made of.”
By 2048, Mr. Roget said the French tire maker expects its manufactured tires to contain 80 percent recycled materials. At the time time, the company aims to have 100 percent of its tires recycled.
Vancouver, BC, Canada, May 21, 2018 – Redwood Plastics and Rubber, a leading distributor and manufacturer of performance plastics and rubber announced Angela Rodenburgh as the new VP of Sales & Marketing. Angela has worked with Redwood Plastics and Rubber for fifteen years within the management team and became a board member and shareholder late last year.
“As the VP of Marketing, Angela has strengthened our brand in the marketplace, introduced new channels to market, and continues to support and inspire change within every department of our business. Her influence on sales and business retention is substantial and she has a clear understanding of what is required to be a customer focused organization.” said President Dale Delmage.
BERWYN, Pa.—Positive 2017 results are leading executives with materials maker Trinseo to increase guidance for 2018.
LyondellBasell (NYSE: LYB), one of the largest plastics, chemicals and refining companies in the world, and A. Schulman, Inc. (NASDAQ: SHLM), a leading global supplier of high-performance plastic compounds, composites and powders, today announced that they have entered into a definitive agreement under which LyondellBasell will acquire A. Schulman for a total consideration of $2.25 billion. The acquisition builds upon LyondellBasell’s existing platform in this space to create a premier Advanced Polymer Solutions business with broad geographic reach, leading technologies and a diverse product portfolio.
MALMO, Sweden — Hexpol A.B. has posted what it claims is its best year so far in terms of financial results.
In 2017, group sales rose 12 percent year-on-year to $1.5 billion, while operating profit increased 3 percent to just under $253.2 million, Hexpol said Feb. 2.
These results were posted during a fourth quarter that faced “continued raw materials price pressure” as well as a 3.5 percent decline in operating profit to $59.1 million, compared to the same quarter in 2016.