Report: Michelin-licensed rubber JV to start operation in Q2 ‘18

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Jakarta – A Michelin-licensed synthetic rubber manufacturing plant in Indonesian is 93.5% complete and set to start production in spring, according to a news report.

The facility is to be operated by PT Synthetic Rubber Indonesia (SRI), a joint venture company of Michelin and PT Chandra Asri Petrochemical Tbk (CAP).

Read the source article at European Rubber Journal

Kumho Petrochemical expects materials prices to rise

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Seoul – Kumho Petrochemical is expecting slight improvements in prices for butadiene and maybe also synthetic rubber over the coming months – in contrast to the roller-coaster trends of last year.

In its 2017 full year financial statement, the South Korean rubber and resin manufacturer said butadiene supply is forecast to be “stable” due to new operations in the region.

Read the source article at European Rubber Journal

The US Rubber Industry Challenging Times

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The might of the US rubber industry over the years has grown by leaps and bounds. Changing with the times, the region continues to be a major force in terms of rubber and tyre consumption apart from being a major producer and consumer of synthetic rubber (SR), a host of speciality rubber chemicals and home to a booming US$130 billion medical devices market, the largest in the world. The region is also fiercely competitive in all aspects of the wider tyre market — passenger car tyres, truck and bus tyres, agricultural tyres and OTR tyres.

The United States’ rubber industry has an eventful past, a pulsating present and a challenging future. During the late 19th century, Ohio emerged as the leader of rubber production in the United States. Numerous rubber companies 

Read the source article at Rubber Asia

Polymax TPE expands production

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WAUKEGAN, Ill. — Polymax Thermoplastic Elastomers, a manufacturer and custom compounder of thermoplastic elastomers, will increase the size of its production operation, adding about 8 million pounds of annual capacity.

Read the source article at Rubber and Plastics News

Arlanxeo expanding  chloroprene rubber capacity

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Maastricht, The Netherlands – Arlanxeo is expanding its global chloroprene rubber (CR) production at the site in Dormagen, Germany, the company announced 22 Jan.

Capacity there will be increased to 70 kilotonnes per annum overall that will be available to the market already during the first quarter of 2019, said a 22 Jan release.

Arlanxeo said it is investing “an upper single-digit million” in the expansion project overall.

Read the source article at European Rubber Journal

IISRP PUBLISHES THE SYNTHETIC RUBBER MANUAL 20TH EDITION

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HOUSTON, TEXAS, 20 Dec 2017—The International Institute of Synthetic Rubber Producers (IISRP) has published the 20th edition of Synthetic Rubber Manual, the world’s leading source for synthetic rubber products grade information worldwide. The Manual also includes detailed contact information of global synthetic rubber producers and summaries of the major elastomers. “The book, widely used by the elastomer downstream customers and marketing planners includes product applications”, according to with Juan R. Salinas, IISRP’s Managing Director, and CEO. It is recognized internationally as the standard reference in the synthetic rubber industry. The book is available at the IISRP for $ 450.00 USD for the general public. $ 225.00 USD for IISRP members and $ 5,000.00 USD for non-members producers. 

Read the source article at Rubber and Plastics News

The Synthetic Rubber Market is Estimated to be USD 28.88 Billion in 2017 and is Projected to Reach USD 37.82 Billion by 2022

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The Synthetic Rubber Market is Estimated to Be USD 28.88 Billion in 2017 And is Projected to Reach USD 37.82 Billion By 2022, Registering a CAGR of 5.5% Between 2017 And 2022.

Synthetic rubber is mostly produced from crude oil and natural gas, by the polymerization of monomers. Although used in a wide range of applications, its major application is in tires. There has been a growing demand for synthetic rubber from applications, such as tire, non-tire automotive, footwear, industrial, and others. Environmental regulations related to synthetic rubber may act as a restraint for the synthetic rubber market.

Based on type, the NBR (nitrile butadiene rubber) segment is projected to witness the highest growth during the forecast period. NBR is mostly used in applications where high oil resistance is required. Increasing demand for hoses, belts, and cables in the manufacturing and automotive industries in APAC, is likely to fuel the growth of the NBR segment over the forecast period. Rapid industrialization in China and India is anticipated to drive the demand for NBR in APAC over the next six years.

Read the source article at PR Newswire

Synthetic Rubber Market Worth 37.82 Billion USD by 2022

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The report “Synthetic Rubber Market by Type (SBR, BR, SBC, EPDM, IIR, NBR), Application (Tire, Non-Tire Automotive, Footwear, Industrial), and Region (North AmericaEuropeAsia PacificSouth America, and Middle East & Africa) – Global Forecast to 2022″ published by MarketsandMarkets™, the market is estimated to be USD 28.88 Billion in 2017 and is projected to reach USD 37.82 Billion by 2022, at a CAGR of 5.5% between 2017 and 2022. The Synthetic Rubber Market is driven by the rising demand for synthetic rubbers in applications such as tire, non-tire automotive, footwear, and industrial.

 

Read the source article at PR Newswire

Rubber Focus: IRSG Briefing Paper on ‘The Rubber Industry of Russia’ now available from IRSG

The International Rubber Study Group (IRSG) provides a forum for the discussion of matters affecting the supply and demand for synthetic rubber (SR) and natural rubber (NR). It covers all aspects of the world rubber industry, including marketing, shipping, and distribution, trade in raw materials and the manufacture and sale of rubber goods.

Read the source article at rubberstudy.com

Trinseo Announces Quarterly Dividend

BERWYN, Pa.–( BUSINESS WIRE )– Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, today announced that its Board of Directors authorized a quarterly dividend of $0.36 per share. The dividend will be a cash distribution payable on October 24, 2017, to shareholders of record as of the close of business on October 10, 2017.

Read the source article at biospace.com