South Korea’s DL Chemical, a subsidiary of DL Holdings Co (formerly Daelim Industrial Co), will acquire 100% of US-based Kraton Corporation, a producer of specialty polymers and bio-based products derived from pine wood pulping co-products. The all-cash transaction has an…
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Malaysia’s Hextar to buy rubber chemical firm Nobel
Malaysian listed agrochemical firm Hextar Global Bhd has executed an RM50 million financing facility from HSBC Amanah Malaysia Bhd to finance its purchase of Nobel Synthetic Polymer Sdn Bhd and Nobel Scientific Sdn Bhd, collectively known as the Nobel Group,…
Trelleborg expands in Russia, Vietnam, Japan, and Morocco
Trelleborg Group is expanding geographically by establishing manufacturing operations in Russia, Vietnam, Japan, and Morocco. These will be the group’s first fully owned production facilities in these countries. The total investment amounts to just under SEK300 million, allocated over five…
Tyrexpo Asia 2021 becomes fully digital
After announcing in August, that Tyrexpo Asia 2021 in Singapore would become a hybrid exhibition, alongside the three day ‘live’ event, Tarsus Southeast Asia, organiser of the show, now say that with high travel restrictions in place, Tyrexpo Asia 2021…
ANRPC: Asian rubber market remains robust amid Evergrande, China’s energy issues
According to the ANRPC (Association of Natural Rubber Producing Countries) Rubber Market Intelligence Report ((Volume 2, No 18), published for the second half of September (16-31 Sept 2021), the Evergrande financial crisis and power outages in China have contributed to a…
Evonik’s Ultrasil celebrates 70 years of innovating tyres, rubber
For more than 70 years, the Ultrasil VN 3 active filler, developed by one of Evonik’s forerunners, has enabled the ongoing improvement of tyres and mechanical rubber goods. Claudine Mollenkopf, Senior Vice President Silica at Evonik, states, “This addition has…
Tyre majors lead healthy ecosystems, human rights policies adoption
Twelve major global tyre manufacturers including Apollo Tyres, Bridgestone, Continental Tires, Goodyear Tire and Rubber Company, Hankook Tire & Technology, Kumho Tires, Michelin, Nokian Tyres, Pirelli, Sumitomo Rubber Industries, the Toyo Tire Group and the Yokohama Rubber Co. Ltd. are…
Silicones: Breakthroughs in medical-grade silicones at full speed
To address the need for important medical devices, new silicone technologies are being developed and made available, according to Angelica Buan. Growth expected for silicone elastomers As with all global elastomer markets, the silicone elastomers market also suffered a serious…
Polytek snags Specialty Resin & Chemical
Polytek Development Corp. a US manufacturer of specialty polymers for coating, mould making, and casting applications and portfolio company of Arsenal Capital Partners, has acquired Specialty Resin & Chemical. Related: Arsenal Capital Partners scores Polytek The acquisition of Specialty Resin & Chemical…
Goodyear shifts to renewable energy in Euro, Turkish plants
In the first of a multi-phase plan to procure 100% renewable energy in all of its facilities across Europe, Middle East and Africa by the end of 2022, Goodyear Tire & Rubber Company stated it will adopt 100%rcent renewable energy at its Goodyear factories across…