Austin Rubber to open APX devulcanized rubber site

Austin Rubber Co.’s facility in Greenville, Pa., is scheduled to go online Dec. 15 for production of the company’s APX devulcanized rubber and APO plasticizer, according to Donald R. Drew, president of Austin Rubber.

The 30,000-sq.-ft. plant will be located inside the 700,000-sq.-ft. ILSCO complex in Greenville and employ about 21 workers initially with a production capacity of approximately 24 tons per day, Drew said.

Read the source article at home.rubbernews.com

Zeon elastomers business markers all down at H1

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Tokyo – Zeon Corp.’s elastomers business has posted a 23% drop in operating income to Yen8,300 million (€71 million) on first-half net sales of Yen81,600 million – 12% lower than in the prior-year first half.

For the six months to 30 Sept, sales volumes within the elastomers unit’s rubber materials segment fell 6% to 153 kilotonnes (kt), while lattices dropped 10% to 57kt and chemicals 2% to 61kt.

Read the source article at European Rubber Journal

Linglong Tire posts profit jump in Q3; mulls overseas acquisition

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Yantai, China – Linglong Tire reported a 76 percent jump in net profit less non-recurring items to €101 million (744 million yuan) over the first nine months of 2016.

Total net profit soared 272 percent to €105 million, partly because loss caused by the fire at its Thai plant was counted in Q3 2015. Increased yields from rubber futures trading also contributed to the profit rise, said the report.

Revenue during the same period grew by 16 percent to €1 billion.

Read the source article at European Rubber Journal

Unique Fabricating, Inc. Reports Third Quarter 2016 Financial Results

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Unique Fabricating, Inc. (“Unique” or the “Company”)(NYSE MKT: UFAB), which engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration and harshness management and air/water sealing applications for the automotive and industrial appliance market, today announced its financial results for the third quarter and nine months ended October 2, 2016.

Second Quarter Highlights

  • Revenue of $44.8 million in the third quarter 2016, up 13.1% compared to the $39.6 million in the third quarter of 2015
  • Net income of $2.5 million, or $0.26 and $0.25 per basic and diluted share, respectively, in the third quarter of 2016, compared to $1.1 million, or $0.12 per basic and diluted share, in the third quarter of 2015 …

Read the source article at PR Newswire

Nitrile Butadiene Rubber Market Growth Reach to USD 485.0 Million Globally By 2020

Zion Research has published a new report titled “ Nitrile Butadiene Rubber Market for Hose, Cable & Belting, Medical & Industrial Gloves, Adhesives & Sealants, O-Rings & Seals, Molded & Extruded Products and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020”

According to the report, the global nitrile-butadiene rubber market was valued at approximately USD 300.0 million in 2014 and is expected to reach approximately USD 485.0 million by 2020, growing at a CAGR of slightly above 6.0% between 2015 and 2020. In terms of volume, global nitrile-butadiene …

Read the source article at Press releases

Chemists discover structure of bacterial enzyme that generates useful polymers

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MIT chemists have determined the structure of a bacterial enzyme that can produce biodegradable plastics, an advance that could help chemical engineers tweak the enzyme to make it even more industrially useful.

The enzyme generates long polymer chains that can form either hard or soft plastics, depending on the starting materials that go into them. Learning more about the enzyme’s structure could help engineers control the polymers’ composition and size, a possible step toward commercial production of these plastics, which, unlike conventional plastic formed from petroleum products, should be biodegradable.

 

Read the source article at Phys.org

Yokohama reports sharp decline in results as markets remain slow

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Tokyo – Yokohama Rubber Co. Ltd has posted sharp declines in its first three quarter results, with operating income dropping 38.0% to Yen18.9 billion (€163 million), on a 7.5% decline in net sales, to Yen410.2 billion.

The company linked the performance to the appreciation of yen as well as “weakening demand and declining prices” in Yokohama’s main markets.

Earnings were further hit by the first-time inclusion of the fiscal results of Alliance Tire Group BV, which Yokohama acquired in July 2016.

Read the source article at European Rubber Journal

Lanxess Saudi Joint Venture Sales Down

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Cologne, Germany – Arlanxeo – 50/50 rubber joint venture between Lanxess and Saudi Aramco – has reported a 5.3% drop in sales to €675 million, in the third quarter 2016, according to a Lanxess.

Good demand from the automotive segment in Asia was offset by price decline from raw material costs.

Arlanxeo’s earnings (EBITDA pre exceptionals) stood at €91 million, 3.2% lower than the prior-year figure of €94 million.

Read the source article at European Rubber Journal

Orion boss upbeat about rubber blacks business

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Luxembourg – Orion Engineered Carbons’ has noted a marked improvement in its rubber carbon blacks business, which has been under pressure for the past few quarters, CEO Jack Clem said in a 4 Nov conference call about the company’s third quarter 2016 results.

Read the source article at European Rubber Journal

Tech Rubber buys Italian retread, recycling supplier

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ire repair materials producer Technical Rubber Co. Inc. (TRC) has acquired Salvadori Srl, an Italian supplier of tire, retread and industrial rubber repair products and producer of equipment used in converting scrap tires and plastics to usable products.

The acquisition of Rovereto, Italy-based Salvadori will add rubber recycling to Tech Rubber’s business mix, which is in line with the Johnstown-based company’s “4R Future” – repair, reuse, recycle and repurpose – growth strategy, according to Tech CEO Dan Layne.

Read the source article at European Rubber Journal