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Goodyear reports record results for first quarter 2016  

Friday, April 29, 2016

Akron, OH - The Goodyear Tire & Rubber Company reported record results for the first quarter of 2016. “We are very pleased with our strong first quarter performance,” said Richard J. Kramer, chairman, chief executive officer and president. “Demand for our premium-branded, high-value-added products is robust and our product mix continues to grow richer, driving margin expansion,” he added. The company’s first quarter segment operating margin of 11.4 percent was up from 9.6 percent a year ago. “Our results are a reflection of our ability to successfully execute on our strategy,” said Kramer. “We will continue to focus on profitable growth in market segments where our innovation, brand and operational excellence capabilities provide a competitive advantage.” Goodyear’s first quarter 2016 sales were $3.7 billion, down from $4.0 billion a year ago, largely due to unfavorable foreign currency translation of $141 million and the deconsolidation of the company’s subsidiary in Venezuela. Tire unit volumes totaled 41.5 million, up 2 percent from 2015, driven by growth in the Asia Pacific region, primarily in Japan and China. Replacement tire shipments were up 2 percent. Original equipment unit volume was up 2 percent. Excluding the impact of the deconsolidation of Venezuela, unit volumes increased 3 percent. The company reported record first quarter segment operating income of $419 million in 2016, up from $388 million a year ago. The increase was driven by favorable price/mix net of raw materials and the impact of higher volume. These improvements were partially offset by the deconsolidation of the Venezuelan subsidiary and higher selling, administrative and general expenses. Core segment operating income, which excludes Venezuela, was $366 million in the year-ago quarter. Goodyear’s first quarter 2016 net income was $184 million (68 cents per share). Excluding certain significant items, adjusted net income was $195 million (72 cents per share). Per share amounts are diluted. Goodyear’s first quarter 2015 net income was $224 million (82 cents per share). Net income included a non-cash, one-time gain of $155 million ($99 million after taxes and minority interest) for the recognition of deferred royalty income resulting from the termination of a licensing agreement associated with the company’s former Engineered Products business. Excluding certain significant items, adjusted net income was $148 million (54 cents per share). Per share amounts are diluted. - * Email

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Starrett-Bytewise introduces the StarrettSL3 line laser sensor  

Friday, April 29, 2016

Columbus, GA - Starrett-Bytewise has introduced the StarrettSL3 line laser sensor for cured-tire bulge and depression, and runout measurement. SL3 is the third generation of the high-speed line laser sensor first introduced by Starrett-Bytewise in 2001. SL3 sensors employ upgraded firmware and a new calibration process that substantially improves repeatability. Earlier versions of the SL sensor can be upgraded to SL3. Michael Harris, founder of Bytewise Measurement Systems and currently technical director, said, “SL3 is a significant advancement in the state of the art for sidewall bulge and depression measurement. Starrett-Bytewise will continue to improve the technical performance in order to enable advanced tire measurement applications on the SL platform.” Starrett-Bytewise manufactures laser-based non-contact industrial measurement systems utilized to monitor tire manufacturing operations including calendering, extrusion, tire building, final finish inspection, R&D and tire testing. - * Email

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Dow Corning introduced Syl-Off EM 7978 coating at Label Summit Latin America 2016  

Friday, April 29, 2016

Cartagena, Colombia – Dow Corning introduced at Label Summit Latin America 2016 Syl-Off EM 7978 coating, the latest addition to its broad and growing portfolio of high-performance release coatings for food packaging and processing applications. The new emulsion is formulated for coating papers used in commercial and consumer baking and cooking and leverages advanced silicone technology for easy, clean release performance and outstanding water repellency at low coating weights down to 0.20 g/m². Dow Corning’s expanding family of silicone emulsion coatings for in-line and off-line paper processing was designed to meet growing food industry demand for greater cost reductions, productivity and sustainability. “Dow Corning’s new Syl-Off EM 7978 coating and our other food-release silicone technologies are built on continuous innovation to help our customers succeed in a fiercely competitive industry,” said Kris Verschueren, global segment manager for Packaging, Dow Corning. “They know they can count on our products to deliver consistent, proven performance and value-added benefits that help optimize paper processing, control costs and increase productivity.” Dow Corning’s Syl-Off EM 7978 coating technology can enable release paper manufacturers to take advantage of several global trends, including: Growth in the fast food market – Syl-Off EM 7978 coating provides premium-release and water repellency performance for bakery and food release papers, a high-growth market opportunity; cost efficiencies – to support cost reduction, Syl-Off EM 7978 coating is effective at thinner coating weights and uses low platinum catalyst levels; processing improvements – in processing, Syl-Off EM 7978 coating reduces dust creation to minimize line interruptions for cleaning; sustainability initiatives – from an environmental perspective, Syl-Off EM 7978 coating contributes to energy conservation by using in-line coating, which avoids the need to power separate equipment and processes. New Syl-Off EM 7978 coating is part of Dow Corning’s extensive product line-up for food release applications. Other highlights include: Syl-Off EM 7990 coating, delivering fast cure and low catalyst levels; Syl-Off EM 7950 coating for multipurpose food release; and Syl-Off EM 7920 coating for multipurpose food release and long bath life. All three are designed for off-line coating operations. All Dow Corning silicone emulsions for food release comply with European food contact regulations (BfR recommendation XXXVI, paper and board for food contact and BfR recommendation XXXVI/2, paper and paperboard for baking purposes.) They meet U.S. Food and Drug Administration (FDA) requirements for food contact (21 CFR Section 176.70, components of paper and paperboard in contact with aqueous and fatty foods, and 21 CFR Section 176.180, components of paper and paperboard in contact with dry foods.) Also, they comply with kosher guidelines. Dow Corning’s Syl-Off EM 7978 coating and its broader portfolio of silicone-based technologies are commercially available globally. Label Summit Latin America 2016 takes place April 26-27 at the Hotel Las Americas Convention Center in Cartagena, Colombia. - * Email

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SI Group has received a silver award for Corporate Social Responsibility by EcoVadis  

Friday, April 29, 2016

Schenectady, NY – SI Group, a leading global developer and manufacturer of chemical intermediates, specialty resins, and solutions, has received a silver award for Corporate Social Responsibility by EcoVadis, an international organization that provides sustainability ratings for global supply chains. SI Group was ranked among the top 13 percent of more than 25,000 worldwide companies assessed by EcoVadis. EcoVadis’ Corporate Social Responsibility (CSR) scorecards rate suppliers’ environmental, ethical and social practices across 150 purchasing categories and 110 countries. The EcoVadis methodology covers 21 individual criteria across four themes, including environment; fair labor practices; ethics and fair business practices; and supply chain. The methodology is built on international corporate social responsibility standards, including the Global Reporting Initiative, the United National Global Compact, and the ISO 26000, covering 150 spend categories and 140 countries. For more information, visit www.ecovadis.com. “Operating a sustainable and socially-responsible organization is a long-term commitment,” said Frank Bozich, president and CEO at SI Group. “Our collaboration with EcoVadis represents a vital component of our broader global sustainability efforts. We’re honored to have received this rating, as this achievement both recognizes the investments we have made in systems that support our sustainability efforts, and also establishes a new baseline from which we will continue.” In addition to the EcoVadis rating, SI Group has been a member of the American Chemistry Council’s Responsible Care program for over 25 years. Responsible Care is a world-class environmental, health, safety and security performance initiative aimed at improving the health and safety of employees, communities and the environment as a whole, moving the industry toward a safer and more sustainable future. - * Email

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Falken ZIEX ZE001 A/S selected as one of the original equipment (OE) tires for the 2016 Nissan Rogue  

Friday, April 29, 2016

Rancho Cucamonga, CA - Falken Tires, the 2016 Official Tire of Major League Baseball (MLB), announced the Falken ZIEX ZE001 A/S has been selected as one of the original equipment (OE) tires for the 2016 Nissan Rogue. “The Falken ZIEX ZE001 A/S is our first fitment with Nissan and we couldn’t be more thrilled to debut with the Nissan Rogue,” said Rick Brennan, vice president of marketing for Falken Tires. “Our high performance ZIEX ZE001 provides a well-rounded performance capability that matches perfectly with the versatility of the Nissan Rogue. We look forward to future opportunities to fit more Nissan vehicles.” The Falken ZIEX ZE001 A/S offers excellent stability and handling in all types of dry, wet and even light snow conditions. The Falken ZIEX ZE001 A/S was specifically designed to complement the Nissan Rogue, offering a low-noise, comfortable riding experience on all road surfaces and conditions. “The Nissan Rogue is the perfect vehicle to display Falken Tires’ engineering prowess, versatile handling, every-day dependability and advanced safety developments,” said Brennan. In addition, the Falken Ziex ZE001 A/S, sized 225/60R18, features a unique tread design that aides in keeping noise at a minimum as well as efficiently move water from under the tread, reducing hydroplaning and maximize grip on wet surfaces. The Falken Ziex ZE001 A/S tires will be available on Nissan Rogue’s as of January 2016. - * Email

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Global two-component adhesive market is estimated to reach $6.23 billion by 2020  

Friday, April 29, 2016

Pune, India- The global two component adhesive market is estimated to reach $6.23 billion by 2020, registering a CAGR of 6.5 percent. The report covers the market by resin type, such as polyurethane, epoxy, MMA, silicone and others; by application, such as automotive, construction, electronic, aerospace and others; and by region, namely, North America, Europe, Asia-Pacific and RoW. Base year considered for the study is 2014, while the forecast period is between 2015 and 2020. The two component adhesives market is driven by rise in demand of adhesives in bonding different plastics, composites, and lightweight materials in the automotive, construction and aviation industries. Both top-down and bottom-up approaches have been used to estimate and validate the size of the global market and to estimate the size of various other dependent submarkets in the overall two component adhesives market. The research study involved the use of extensive secondary sources, directories and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, The Adhesive and Sealant Council (ASC), Association of European Adhesives and Sealants (FEICA), Adhesive and Sealant Portal, British Adhesives and Sealants Association, Adhesives and Sealants Manufacturers Association of Canada, China National Adhesives Industry Association, The European Adhesive Tape Industry Network, Japan Adhesive Industry Association (JAIA), China Adhesives and Tape Industry Association (CATIA), Taiwan Synthetic Resins & Adhesives Industry Association (TSRAIA), Korea Adhesive Industry Association (KAIA), and other government and private websites to identify and collect information useful for the technical, market-oriented, and commercial study of the two component adhesive market. Market Ecosystem: Two component adhesives are manufactured from various raw materials such as resins, binders, additives, wax, tackifier, and other ingredients. The raw material available in the market are supplied by major companies such as Dow Chemical Company (U.S.), Eastman Chemical Company (U.S.), Evonik Industries (Germany), Exxonmobil Chemical (U.S.), and others to the two component adhesives manufacturers such as H.B. Fuller (U.S.), 3M Company (U.S.), and Henkel AG & Company (Germany). - * Email

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Book of the day - Rubber Molding Principles  

Friday, April 29, 2016

Akron, OH - Rubber Molding Principles, written by Van Walworth, Date Release: August 2013. ISBN: 978-616-90836-8-9, Hardbound, 150 Pages, Publisher: TechnoBiz Communications Co., Ltd., Book Cost: $89 plus S&H. Book Contents: Chapter 1: Introduction to Rubber Molding; Chapter 2: Rubber Behavior in the Molds; Chapter 3: Rubber Molding Presses; Chapter 4: Compression Molding; Chapter 5: Transfer Molding; Chapter 6: Injection Molding; Chapter 7: Vacuum Molding; Chapter 8: Wasteless/Flashless Molding; Chapter 9: Basic Rubber Mold Design; Chapter 10: Process Troubleshooting; and Chapter 11: Molding Process Selection Guide. Visit RubberWorld's Bookstore to purchase at www.rubberworld.com - * Email

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