Orion Engineered Carbons S.A. and Evonik Industries AG (Evonik) acquired Evonik’s 52% percent stake as well as Deutsche Investitions- und Entwicklungsgesellschaft mbH’s (DEG) 15% stake in Qingdao Evonik Chemical Co., Ltd. (QECC). QECC is a joint venture established by Evonik,…
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Bluestar Silicones offers silicone custom compounding
Bluestar Silicones expanded its elastomer capabilities, adding silicone custom compounding to its offering. The company will promote heat cured rubber (HCR), as well as its liquid silicone rubber (LSR) for healthcare and long term implant applications and room temperature vulcanized…
Continental donates US$115,000 for flood victims
Continental donated a total of US$115,000 to the American Red Cross for recovery efforts following the recent floods in South Carolina. The donations – US$100,000 from Continental AG and US$15,000 from Continental Tire the Americas, LLC – will help all…
Michelin and Ropa receive award at Agritechnica
Agricultural machine maker Ropa and Michelin were awarded the silver medal in the ‘Innovation’ category for their R-Soil Protect technology by the organizer of Agritechnica, which will take place in Hannover, Germany from November 10-14 2015. The R-Soil Protect technology…
Yokohama Rubber develop aerodynamic tyres
Yokohama Rubber Co., Ltd. made new advances in tire aerodynamics technology that control the air flow around tires in motion. The new technology could lead to the development of new tires that will raise fuel efficiency and increase vehicle safety.…
Freudenberg relocates production
Freudenberg Sealing Technologies is reorganizing its liquid silicone business. The company plans to relocate production from Öhringen, Germany to Losenstein, Austria by the middle of 2017. The tooling plant will remain in Öhringen. Reasons for relocation include the increased pressure…
Asia Pacific leads silicone market
Asia-Pacific is the leader in the global silicone market and this dominance is projected to continue till 2020. China is the key market in this region, having a market share of more than half of the global demand for silicones.…
Chinese tyre market slows down due to anti-dumping laws
The high-speed growth rate of Chinese rubber machinery industry in 2013 lasted till the first half year of 2014, during when the orders expanded and production and sales boomed. Then in July 2014, the United States staged anti-dumping and anti-subsidy…
Iran should ease up on nukes to revive tyre market
Research and Markets said in their report “Iran Tyre Market Forecast and Opportunities, 2020” that easing up on nuclear programs may bring back foreign tyre companies that left the country. The replacement tyre segment accounted for around two-third of the…
China synthetic rubber market to reach US$12bn by 2020
According to recently released TechSci Research report “China Synthetic Rubber Market Forecast & Opportunities, 2020”, the synthetic rubber market in China is projected to cross US$12 billion by 2020. This growth is anticipated on the back of continuously rising production…