Tire maker Kenda Rubber Industrial Co (建大輪胎) said it is to fully acquire Denmark-headquartered STARCO Europe A/S for no more than 18 million euros (US$21.2 million) to pursue vertical integration.
The acquisition, which is scheduled to be completed on Monday, also aims to expand the company’s presence in Europe, according to a company filing with the Taiwan Stock Exchange.
Revenue generated from European customers only makes up 8 percent of the company’s total sales, while sales in the US contribute nearly 24 percent, data showed.
“The transaction is Kenda’s first acquisition in the European market and we aim to duplicate our success [of developing a US business] there,” a company official said by telephone yesterday.
Read the source article at Taipei Times
Starting 9 September, Jorge Nogueira is chief executive officer of Arlanxeo. He succeeds Jan Paul de Vries, who has left the synthetic rubber manufacturer to “seek a new professional challenge.” Prior to his appointment as CEO, Nogueira headed the company’s Tire & Specialty Rubbers (TSR) business unit, and he been a member of the Arlanxeo Executive Board since the joint venture was founded in April 2016.
Read the source article at Tyrepress
LONDON—Rubber mixers will have to become more automated and part of “holistic” production set-ups to deal with complexity in both the materials being processed and end use markets, according to Andreas Limper, a senior executive of HF Mixing Group.
There is a continuing rise in the number and types of tires required by the automotive industry as it brings more and more car models onto the market, Limper noted at a recent HF event in Manchester, England to mark 100 years of the Banbury mixer.
“This trend will go further with new challenges like full electric cars requiring low rolling resistance designs and so on. So you will see a higher variety of compounds [used] in the tire industry,” the HF leader forecast.
In terms of materials, Limper said the introduction of silica tire compounds and modified/functionalized polymers was making control of temperature and other parameters more critical within the mixer. Likewise, he noted the emergence of more complex carbon blacks, which are also harder to mix.
In response, Limper said, mixer manufacturers and operators will have to become even more …
Read the source article at Global Rubber Markets News
MOOSUP, Conn.—Griswold L.L.C.’s board has elected David Natorski as the firm’s CEO, effective June 1. He will replace current CEO Daniel P. Mahoney, who is retiring.
“David has been intimately involved in every aspect of our business and has most recently led the company’s expansion into Asia,” said Henry Hortenstine, chairman of Griswold’s Board of Managers. “We are excited to have such an accomplished executive available to continue Griswold’s track record of success.”
Natorski has worked for Griswold for more than 33 years in various sales and management positions since being hired in 1984 by Larry Sarni, past president and co-founder of the company. He has spearheaded both the company’s growth strategy and its collaborative approach to product development.
Read the source article at Rubber and Plastics News
Ontario is partnering with Polycorp Ltd. to support a multi-million dollar expansion at the company’s manufacturing facility in Elora, creating 26 new jobs and retaining 146 positions.
Ontario is investing up to $2.5 million through the Jobs and Prosperity Fund for this project, supporting an additional investment of more than $14.5 million from Polycorp, for a total project value of $17 million. The project is expected to be completed in 2022.
Polycorp is a leading Canadian designer and manufacturer of engineered rubber products that mitigate risk associated with corrosion, abrasion, impact, noise and vibration for a variety of applications in the transportation, mining and protective linings industries. The company serves customers in 38 countries worldwide.
With support from Ontario’s Jobs and Prosperity Fund, the company is investing to purchase new equipment, create a testing laboratory and expand its manufacturing facility. This will help boost productivity and competitiveness, increasing exports and revenues.
Read the source article at Newsroom
These robotic muscle-like actuators could replace metal joints in exoskeletons. EPFL roboticists say the silicone rubber elastomer based parts are far more flexible. They could be used to help the infirm move around, while improving posture and reducing discomfort for lower back pain sufferers. SOUNDBITE (English) JAMIE PAIK, THE DIRECTOR OF EPFL’S RECONFIGURABLE ROBOTICS LAB (RRL), SAYING: “We can foresee a new type of technology being brought closer to our daily lives. When I say that, it’s not us trying to bring in Terminator for everyone’s home, but to bring in different types of technology that enable us to live healthier and live with more comfort, and that was not able to be done beforehand.” The robots are controlled by changing the air pressure in special soft balloons that serve as its body. A modular system, they can be moved around the body to where physical support is needed. The team has devised this belt for potential use on stroke patients. SOUNDBITE (English) MATTHEW ROBERTSON, EPFL RESEARCHER, SPEAKING ABOUT THE BELT, SAYING: “In stroke patients I know they have a common asymmetry where they lean to one side and it could be used to correct for that asymmetry and then focus on if you’re using it to restore gait the belt could do the task of providing the support for your upper body.” The belt’s hooked up to a system of external pumps. The team hopes to miniaturise these and place them directly on the belt.
Silicone rubber robots could vastly improve mobility for the infirm, say researchers
Read the source article at uk.reuters.com
Miramar, Fla.-based Simtec Silicone Parts LLC is starting a production process that integrates parts made of three materials — a metal, liquid silicone rubber and a thermoplastic — into one component within one manufacturing cell.
A breakthrough in LSR tooling technology enables the combination of multiple materials in a single production cell and the company is about to use it for a new application, Simtec President Enrique Camacho said in a telephone interview.
“A revolutionary approach for the integration of functions and materials is starting production at Simtec. It’s the first of its kind in the world for this particular application,” Camacho said.
He said he can’t identify the product or customer because of a confidentiality agreement but he could talk about the technology that is moving the company beyond overmolding LSR onto a thermoplastic substrate to also incorporating a metal part.
“We are redefining the LSR two-shot manufacturing process to LSR multi-shot,” Camacho said.
Read the source article at Plastics News
This study focuses on China’s Rubber Processing Chemicals industry assessments and company profiles. In the two past decades, the industry has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China’s society and economy. China is one of the world’s major producers for industrial and consumer products. Far outpacing other economies in the world, China is the world’s fastest growing market for the consumptions of goods and services. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, imports & exports, consumer consumption and capital investment for over two decades. Rapid consolidation between medium and large players is anticipated since the Chinese government has been encouraging industry consolidation with an effort to regulate the industry and to improve competitiveness in the world market.
Read the source article at MarketResearch.com
The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Non Tire Rubber market analysis is provided for the United States markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and Bill of Materials cost structures are also analyzed.
Read the source article at openPR.com
PITTSBURGH, Feb. 8, 2017 /PRNewswire/ — Koppers Holdings Inc. (NYSE: KOP) intends to release its fourth quarter 2016 financial results before the opening of the markets on Thursday, Feb. 23, 2017, and discuss its results on a conference call later that day at 11:00 a.m. Eastern Time. Presentation materials will be available online at least 15 minutes before the call.
Interested parties may access the live audio broadcast by dialing 866-719-0110 in the United States/Canada, or 719-234-0008 for international, Conference ID number 4441959. Investors are requested to access the call at least five minutes before the scheduled start time in order to complete a brief registration. An audio replay will be available approximately two hours after the completion of the call at 888-203-1112 or 719-457-0820, Conference ID number 4441959. The recording will be available for replay through March 24, 2017.
The live broadcast of the Koppers conference call will be available online: http://edge.media-server.com/m/p/opof589q. (Due to the length of this URL, it may be necessary to copy and paste this hyperlink into your internet browser’s URL address field.)
If you are unable to participate during the live webcast, the call will be archived on www.koppers.com and www.streetevents.com shortly after the live call and continuing through March 24, 2017.
Read the source article at PR Newswire