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A. Schulman to be acquired by LyondellBasell for $2.25 billion  

Friday, February 16, 2018

Akron, OH - LyondellBasell and A. Schulman, Inc. announced that they have entered into a definitive agreement under which LyondellBasell will acquire A. Schulman for a total consideration of $2.25 billion. The acquisition builds upon LyondellBasell's existing platform in this space to create a premier Advanced Polymer Solutions business with broad geographic reach, leading technologies and a diverse product portfolio. "The acquisition of A. Schulman is a natural extension of our current platform. This combination will allow us to provide our customers with a wider range of innovative solutions while adding the ability to serve high-growth end markets beyond the automotive sector, such as packaging and consumer products, electronics and appliances, building and construction, and agriculture," said Bob Patel, Chief Executive Officer of LyondellBasell. "By leveraging our proven approach to operational, commercial and business excellence, the combined business will create significant value for our shareholders and customers." "This transaction, which provides our shareholders with a compelling, immediate cash premium, represents the culmination of a robust assessment of strategic alternatives undertaken by our Board of Directors," said Joseph M. Gingo, Chairman, President and Chief Executive Officer of A. Schulman, Inc. "We are delighted to join forces with LyondellBasell, an industry leader we have admired for many years. LyondellBasell not only shares our commitment to meeting customers' demanding requirements, but with its scale and resources, the combined business will be better positioned to address a broader range of customer needs by integrating across applications and offering customers a wider range of solutions in attractive and growing markets. We also expect this combination to create significant opportunities for A. Schulman employees, whose professionalism and expertise will be integral to advancing LyondellBasell's vision, values and commitment to making a positive global impact." Under the terms of the agreement, LyondellBasell will acquire A. Schulman for a total consideration of $2.25 billion. LyondellBasell will purchase 100 percent of A. Schulman common stock for $42 per share in cash and one contingent value right per share and assume outstanding debt and certain other obligations. In addition, the contingent value rights generally will provide a holder with an opportunity to receive certain net proceeds, if any are recovered, from certain ongoing litigation and government investigations relating to A. Schulman's Citadel and Lucent acquisitions. LyondellBasell is using cash-on-hand to finance the acquisition. LyondellBasell expects to achieve $150 million in run-rate cost synergies within two years, primarily by leveraging its well-established approach to cost discipline and productivity, as well as its culture of operational, business and commercial excellence. Further, the acquisition is expected to be accretive to earnings within the first full year following close. The combined businesses had revenues of $4.6 billion and adjusted EBITDA of $446 million over the last 12 months. The proposed acquisition, which has been unanimously approved by the respective boards of LyondellBasell and A. Schulman, is subject to customary closing conditions, including regulatory approvals and approval by A. Schulman shareholders. The acquisition is expected to close in the second half of 2018. - * Email

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TARRC Rubber Consultants to exhibit at Tire Technology Expo 2018 in Hannover  

Friday, February 16, 2018

Hertford, U.K. - TARRC's consultancy Rubber Consultants will be exhibiting on stand C500 at Tire Technology Expo 2018 in Hannover, Germany from February 20-22, 2018. TARRC scientists will also be presenting papers at the accompanying conference. Dr. Pamela Martin will be giving a paper entitled, ‘Taking a closer look at wear and abrasion testing,’ on Wednesday, February 21, at 9:10 a.m. Dr. Jean-Louis Poisson will be giving a paper on ‘The impact of strain history on crack growth of rubber’ on Thursday, February 22, at 11:10 a.m. TARRC's comprehensive tire testing facilities include a two-station passenger test rig with force and moment and endurance hubs. Two other test drums are accredited by UKAS for endurance testing to the ECE Regulations and the laboratory is a technical service to the VCA for tire type approval. TARCC also offers PAH testing, wear testing, retreading facilities and analysis of tire construction and tire component formulations. TTE offers the visitor a technology showcase covering materials and equipment through the complete spectrum of the tire design and manufacturing process. TTE also offers visitors, exhibitors and conference delegates an unrivaled networking opportunity within the tire design and manufacturing sector. - * Email

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McLube

Rhein Chemie to present new solutions for the tire industry at Tire Technology Expo  

Friday, February 16, 2018

Cologne – Lanxess’s Rhein Chemie business unit will be presenting its versatile solutions for the manufacture of tires at the Tire Technology Expo in Hanover, Germany, from February 20 to 22, 2018 (booth 4014). These include a wide range of environmentally friendly Rhenodiv release agents, Rhenomark tire marking paints, Rhenoshape tire vulcanization bladders, Rhenogran aramid-fiber masterbatches, and additives. “The tire industry remains one of our most important markets,” says Dr. Dietmar Hoff, head of marketing, tire products, at Lanxess’s Rhein Chemie business unit. “In our Rubber Additives business line, additives for rubber compounds, release agents and tire curing bladders make a major contribution to our business results. Bladders with a permanent coating make the work even easier for tire manufacturers; they help make the production process far more efficient by removing the need for constant spraying of release agents.” Rhein Chemie provides tire manufacturers with innovative solutions for the production of high-quality tires. In the manufacture of sealant tires or low-noise tires, it is essential that the release agents applied or transferred to the blank are completely removed after vulcanization. This is important in order to ensure that the subsequently applied polymers or foams adhere. Rhein Chemie provides various solutions for this purpose. In addition to traditional silicone-based products such as Rhenodiv BP-286 and Rhenodiv BP-2864, which are removed after vulcanization from the tires in mechanical washing systems or by means of laser technology, new, 100 percent silicone-free products such as Rhenodiv BP-166 and Rhenodiv BP-9500 are now available. These are even easier to wash off due to a new, water-soluble release agent. These products also meet the increasing requirement of car manufacturers to completely dispense with the use of silicones during the tire production process. Permanently coated Rhenoshape bladders enable tire manufacturers to vulcanize tires with no additional release agents, eliminating the need to clean the vulcanized tires. Since the spraying process for tire blanks is no longer necessary, no contamination can occur, neither in critical tire areas nor at the workplace. Likewise, this technology ensures that no silicon is used in the tire production process. With its broad portfolio of dithiophosphates, special accelerators and fiber masterbatches, Rhein Chemie provides ideal solutions for nitrosamine-free and highly reinforced tire compounds. Rhein Chemie’s dithiophosphates (including Rhenogran TP-50 and Rhenogran SDT-50) are nitrogen-free accelerators that can replace typical sulfenamide, thiuram, and carbamate accelerators. Their advantage is that they mainly form mono- and disulfidic cross-links, which are more thermally stable and less susceptible to reversion. When the dithiophosphates are used in parallel with sulfenamide accelerators, this generates cross-linking synergies which improve the efficiency of the process. Under extreme mechanical, dynamic, and thermal loads, the aramid fiber masterbatches of the Rhenogran P91-40 series provide an outstanding reinforcing performance for tire compounds. Rhenogran P91-40 helps to disperse of the highly robust and very light Twaron aramid short fiber pulp evenly into the rubber mixture. Rhenogran P91-40 is not only suitable for use in typical tire polymers such as NR, IR, BR and SBR, but also for many other types of rubber such as EPDM, CR and NBR. In addition to other properties such as rolling resistance, abrasion resistance and noise generation, the wet-grip performance of a tire is an important safety aspect. With ECO or Green Tire technology, the addition of Vulkanol TOF to a silica-filled compound for tire treads can significantly improve wet-grip performance. At the laboratory level, improvements in rolling resistance were also observed. The results of this study are presented by Dr. Hermann-Josef Weidenhaupt, an expert in rubber additives at Lanxess’s Rhein Chemie business unit, in his presentation “The Way to Improve Wet and Ice Traction of Tires”. - * Email

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Polyurethane additives market forecast to reach $2.75 billion by 2021  

Friday, February 16, 2018

Pune, India - The market for polyurethane additives is expected to reach $2.75 billion by 2021, at a CAGR of 6.3 percent from 2016 to 2021, according to Markets and Markets. The market is driven by growing demand of polyurethane in the building and construction industry. This growth results from an increase in demand for rigid foam mainly for insulation purposes. Asia-Pacific is currently the largest market for polyurethane additives. China and India are the leading countries where there is major consumption of polyurethane additives in end-use industries such as building and construction, automotive, and furniture. Moreover, the growing population in India and China with rising disposable income is driving the demand for high-quality consumer products which is expected increase the use of polyurethane in many consumer goods. Polyurethane additives are used in various forms of polyurethane application such as flexible foams, coatings, adhesives and sealant, elastomers and binders. The flexible foam segment accounted for the largest market share, in terms of value as well as volume, followed by rigid foam in 2016. The building and construction industry is projected to drive the polyurethane additive market, aided by increased demand for insulation applications for maintaining optimum temperature and reducing the energy cost. Automotive is another end-use industry where polyurethane is being used for vehicle interiors as well as exteriors. The key players in the polyurethane additives market are Covestro AG (Germany), BASF SE (Germany), The Dow Chemical Company (U.S.), Huntsman International LLC (U.S.), Tosoh Corporation (Japan), Albemarle Corporation (U.S.), Eastman Chemical Company (U.S.), Kao Corporation (Japan), Evonik Industries AG (Germany), Air Products and Chemicals, Inc, (U.S.), and Momentive Performance Materials Inc. (U.S.). - * Email

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Book of the Day - Resistance and Stability of Polymers  

Friday, February 16, 2018

Akron, OH - A new book is offered in the Rubber World book store: Resistance and Stability of Polymers. The stability and resistance of polymeric materials determine whether they can be utilized in a given application. Authoritative and reliable material information is needed during the material selection process, and this information must consider the influences of material manufacturing, compounding and stabilization, processing, part design, use and subsequent disposal/recycling. This book is based on a review of more than 1,200 literature sources and represents a comprehensive overview of the current know-how regarding the stability and resistance of thermoplastics, thermosets and elastomers, as well as the most commonly used reinforcements and additives. Extensive tables document material resistance to given media, facilitating appropriate material selection or stabilization for a given application. Volume 1 covers principles of aging, testing methods, stabilization, processing, applications, mechanical behavior of fiber reinforced plastics. Volume 2 covers plastics, rubbers and their acronyms. Other abbreviations, tables of chemical resistance, a bibliography and an index are included. Author: Gottfried Ehrenstrein and Sonja Pongratz; ISBN: 978-1-56990-456-5; two volumes, 1,436 pages; 2013, hardcover; $499.95 USD + SH. Visit http://www.rubberworld.com/RWbookstore.asp for more information. - * Email

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