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.
DETROIT—BASF Corp. was showing off flooring material for vehicles that it called a lightweight, low-cost solution for auto makers.
BASF supplied the chemistry for the piece, which is manufactured by German supplier Koller Beteiligungs GmbH.
“It’s a lightweight, low-cost solution for automotive applications for any type of load floor or hatchback or sunshade type applications,” said Jeffrey Hagar, market segment manager for BASF.
Hagar said the part is corrugated honeycomb composite sandwiched between non-woven fiberglass.
Orion Engineered Carbons S.A. (NYSE: OEC ) (the “Company” or “Orion”), a worldwide supplier of specialty and high-performance Carbon Black, announced today the closing of the secondary offering of an aggregate of 12,657,799 common shares of the Company by Kinove Luxembourg Holdings 1 S.à r.l.
DETROIT — General Motors is expected to make revolutionary changes to the makeup of its next-generation pickups to better position them against Ford Motor Co.’s market-leading trucks and accelerate its progress toward stricter federal fuel economy standards.
Two sources familiar with the company’s plans confirmed GM will offer carbon fiber for the beds of the pickups. It would be the largest-scale automotive application of the light-weight, high-strength material, whose long, labor-intensive production process and high cost relative to steel and aluminum have limited its use mostly to luxury vehicles and sports cars.
Japan’s Toray Industries Inc (Toray Industries Inc) on Tuesday revealed 149 cases of quality data falsification at a materials-making subsidiary spanning eight years, in the latest quality-assurance scandal to hit a Japanese manufacturer.
The world’s largest maker of carbon fiber composite materials said the cheating involved products including tire-strengthening cords sold to 13 clients by Toray Hybrid Cord Inc. A broader probe into possible wrongdoing across the group was ongoing.
High-tech manufacturing turning old tyres into better irrigation systems High-tech manufacturing turning old tyres into better irrigation systems The Australian X It seems unlikely that discarded tyres could help valuable crops grow but that is exactly what the work of two Geelong based joint high-tech manufacturing companies is making happen.
ERJ focus on significant developments and advances in rubber materials, processing and application technologies:
Mesnac advances “most intelligent” TBM
TIRE MANUFACTURE – Mesnac has recently introduced what it said was “the most intelligent tire building machine (TBM) designed independently in China”. The PS2A PCR machine, features ‘synchronous turn-up’ and intelligent control technologies, and achieves cycle times of less than 40s…
Yokohama taps ‘informatics’ to accelerate rubber research
Smithers Rapra, a leader in rubber, plastics and composites testing expertise, has named Matt Kent as technical director of the Smithers Rapra Tire & Wheel Test Center in Ravenna.
In this position, Kent is responsible for overseeing current force and moment testing operations, staff management and technical decision-making. Kent will also be in charge of the commissioning of a new MTS Flat Trac CT+ system in spring 2018.
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.