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PolyOne expands healthcare portfolio in China with Dow Corning brand silicones

Friday, April 18, 2014

Cleveland, OH - PolyOne Corporation announced it has signed an expanded supply agreement with Dow Corning Corporation enabling PolyOne Distribution to sell Dow Corning brand silicones to healthcare customers in China. By increasing its breadth of solutions, PolyOne is providing growth opportunities for U.S.-based companies that manufacture medical-grade silicone healthcare products in China. "This agreement with Dow Corning strengthens our portfolio to better serve our healthcare customers located in China, and also supports our strategy of helping U.S.-based multinational companies facilitate manufacturing in Asia," stated Kurt Schuering, president, PolyOne Distribution. The addition of Dow Corning brand silicones to the PolyOne Distribution portfolio broadens the ability of both companies to support healthcare customers in China. PolyOne offers a single channel for thermoplastic and thermoset resins used in medical applications, and customers can also leverage expanded healthcare-focused resources to accelerate product development and regulatory compliance. "Dow Corning works hard to serve our customers and drive growth in China," said Vincent Chang, Dow Corning commercial manager, Asia. "This agreement and our growing relationship with PolyOne Distribution are significant additions to our capabilities." - * Email

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RheinChemie

Mark Finn with McLube passes away

Friday, April 18, 2014

Kennett Square, PA - Regretfully after a long and hard fought battle with cancer, Mark Finn, Vice President of Marketing and Sales at McLube Division of McGee Industries, Inc. has passed away. Mark worked at McLube for the past 35 years. What started as a summer job while finishing his Bachelors of Engineering at University Delaware, turned into a full time position on the McLube sale team. He went on to get his MBA at West Chester University. In 2000, Mark was promoted to the position of Vice President of Marketing and Sales. Mark was influential in the growth of McLube worldwide. He was a member of ACS, STLE, NLGI, SAMPE, ACMA, ARM and SPI. Mark was very well known throughout the rubber industry and we know his presence will be missed. Mark was an important member of the McLube family and we will continue with the same level of exceptional service and professionalism that our customers have always expected. Mark D. Finn, age 59, of Kennett Square, PA, passed away on Thursday, April 10, 2014, at the Neighborhood Hospice, West Chester, PA. He was the husband of Linda DiLuzio Finn, with whom he shared 20 years of marriage. Born in Wilmington, DE, he was the son of George and Anne Arnold Finn of Lewes, DE. Mark was the Vice President at McGee Industries in Aston, PA, where he worked for over 30 years. He was a member of St. Patrick's Church, Kennett Square, PA and the Kennett Square Country Club. Mark was an avid golfer, enjoyed reading, traveling and being with his family and friends. Survivors: In addition to his wife and parents, he is survived by, two sons, Shawn D. Finn and Ryan M. Heffner, both of Kennett Square, PA; two daughters, Christine E. Finn and her husband Nathan L. Olewine of Lexington, VA and Kayli A. Finn of Kennett Square, PA; one brother, Thomas Finn of Chadds Ford, PA; two sisters, Patricia Finn-Smith of Kennett Square, PA and Mary Jo Keefe of Centreville, MD, and many nieces and a nephew. Contributions: In memory of Mark, a contribution may be made to the American Lung Association , 527 Plymouth Road, Suite 415, Plymouth Meeting, PA 19462 Online condolences may be made by visiting: www.griecocares.com - * Email

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McLube

Rubber surplus seen exceeding forecast as Thai output revised

Friday, April 18, 2014

Bangkok, Thailand - Bloomberg reports, "A surplus in the global natural-rubber market this year will be 78 percent more than estimated in December as demand growth weakens and production in Thailand surpasses forecasts, according to The Rubber Economist Ltd. The glut is seen at 652,000 metric tons in 2014, compared with 366,000 tons predicted in December, Prachaya Jumpasut, managing director of the London-based industry adviser, said in an e-mail. The surplus for 2013, previously estimated at 336,000 tons, was put at 714,000 tons. The world output estimate for last year was increased 3.9 percent to 12.04 million tons from 11.59 million tons forecast in December because of a revision in production from Thailand, the largest grower, Prachaya said. Futures in Tokyo, the global benchmark, tumbled 21 percent this year on concern that production will exceed demand for a fourth year and consumption in China, the top buyer, will weaken. “The picture of the global supply-demand has clearly changed as a result of the data revision,” said Prachaya, who’s studied the commodity for more than three decades. “We expect a continued weakness in the rubber sector in most of the major rubber-consuming regions this year.” Futures on the Tokyo Commodity Exchange closed at 217.8 yen a kilogram ($2,131 a ton) yesterday. Prices tumbled to an 18-month low of 210 yen on Feb. 6. The International Rubber Study Group expects the global surplus this year to exceed the 241,000 tons forecast in December and production will exceed 12.1 million tons as it revises the supply outlook for Thailand, it said last month. “For China, recent data seems to point to a slower, or at best a steady, economic growth,” Prachaya said. “This and a slow economic recovery in her trading partners let us to believe that the growth of natural-rubber consumption in China to slow down this year.” Demand in the U.S. may “turnaround from a decline to a positive growth,” he said. China’s economy expanded 7.4 percent in the January-to-March period, the weakest pace in six quarters, while industrial production trailed estimates, the statistics bureau said yesterday in Beijing. Worldwide production will continue to outpace demand over the next two years, while the surplus will narrow as demand growth exceeds the pace of gains in output, said Prachaya. The global surplus is seen at 483,000 tons in 2015 and 316,000 tons in 2016, he said. World output may rise 1.1 percent to 12.2 million tons this year, while usage expands 1.7 percent to 11.5 million tons, according to a quarterly report by The Rubber Economist. Demand may grow 4.1 percent in 2015 and 3.8 percent in 2016, it said." Thai production may be 4.06 million tons this year from 4.14 million last year as dry weather curbs output and low prices discourage tapping, said Prachaya. Still, that compares with the previous forecasts for output of 3.74 million tons this year and 3.59 million tons in 2013. To contact the reporter on this story: Supunnabul Suwannakij in Bangkok at - * Email

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Continental Tire Co. receives tax abatements for new tire retreading facility in Memphis

Friday, April 18, 2014

Memphis, TN - The Memphis Business Journal reports, "The Economic Development Growth Engine for Memphis & Shelby County approved tax abatements for Continental Tire Co. to build a tire retreading facility in Memphis. The 50,736-square foot $1.5 million facility, known as ContiLifeCycle, will be located at 3474 Winchester, and will employ 25 people initially, but could eventually create as many as 40 new jobs in the city. The board was presented with concerns from Bill Ginn, a representative of Southern Tire Mart, a competitor of Continental Tire. Southern Tire operates a tire retreading operation in West Memphis, but has retail operations in Memphis. Ginn said he was not concerned about competing with Continental, but about competing on a “level playing field” when it comes to tax abatements for the project. That concern, and similar concerns from other companies caused EDGE board member Tom Dyer to recuse himself from the vote. The issue also raised previously voiced concerns about companies that use the PILOT program as bargaining chips when it comes to choosing locations for expansions or relocations. When asked if the PILOT application’s approval would play a role in Continental Tire choosing to locate the facility in Memphis, Darren Thornberg, who was representing the company, confirmed it was a major factor. EDGE approved the five-year PILOT, which will clear the way for Continental Tire to lease and build the facility, which could produce as many as 100,000 retreaded tires annually when it reaches full capacity." - * Email

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Colloids Limited set up new masterbatch plant in Changshu, China

Friday, April 18, 2014

Merseyside, United Kingdom - Colloids Limited announced that it is setting up a new masterbatch manufacturing plant Colloids Plastic (Suzhou) Co.,Ltd in Changshu, China - part of the Suzhou jurisdiction. The initial investment is 6 million USD. Russell Livesey, Managing Director / CEO of Colloids stated: “Setting up a masterbatch manufacturing plant in Changshu China, is an exciting and positive development in the history of Colloids. This is part of our ongoing strategy to grow Colloids’ masterbatch presence in Asia, offering our customers the benefit of our products being produced and supplied locally and further enhancing our global capabilities.” Colloids already has two manufacturing plants in the UK and this is Colloids’ first manufacturing facility located outside the UK. The new plant will have the capacity to produce 6,000 tonnes per annum of masterbatch and the Changshu plant has ample space for future expansion. The new site, 90 km northwest of Shanghai, will service international companies with operations in China and Asia, as well as local enterprises. The new Colloids’ production plant is scheduled to start operations at the Changshu location in the third quarter of 2014. The plant will be 3,700 sq.M. in size, with an initial capacity of 3,500 tonnes per year. Russell Livesey, Managing Director / CEO of Colloids commented: “In view of our annual growth rates, this new masterbatch plant in the Changshu Economic and Technological Development Zone, represents a key strategic building block that enables us to serve the emerging local markets on-site with our product and service solutions efficiently”. This development is also planned to meet the needs of the company's established western customers as they grow in China. The company will develop relationships and supply local Chinese customers who will benefit from Colloids’ world-beating expertise combined with local production. The product range particularly targets plastic processing sectors, supplying sectors such as: automotive, electrical, white goods and consumables industries. - * Email

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Colorado legislation to address waste tire problems

Friday, April 18, 2014

Washington, D.C. - A Colorado House committee will debate a measure on Thursday to reform the state’s waste tire program that has propelled Colorado to have more stockpiled waste tires than any other state. More than 60 million tires currently sit in two mammoth piles that pose a potential environmental risk should either pile catch fire. Nearly 25 years ago, more than 1 billion tires were stockpiled while only 11 percent of waste tires were consumed in an end use market. Today, only 100 million waste tires are left in piles across the nation and more than 80% of annually generated waste tires are sent to an end use market. The Rubber Manufacturers Association (RMA) has led efforts across the country to enact environmentally sound and economically efficient waste tire legislation and regulations. RMA is the national trade association for tire manufacturers that produce tires in the U.S. “Colorado is unfortunately the worst in the nation in waste tire management,” said Michael Blumenthal, RMA vice president. “We have been working with legislators, regulators and stakeholders for years to fix this problem. Finally, we have a proposal that puts Colorado on a path to cleaning up this blight.” RMA is supporting bipartisan legislation to address Colorado’s waste tire management program. HB 1352 sponsored by Reps. Max Tyler and Don Coram would put Colorado on a path to cleanup and close the tire landfills, known as monofills; end an inefficient taxpayer subsidy payment to end users of waste tires and; cut the state’s tire fee on new tire purchases from $1.50 to $0.55. “Experience has proven that state waste tire management problems can be solved with enforcement, active cleanup efforts and the expansion of waste tire markets,” Blumenthal said. “By closing the tire monofills and eliminating taxpayer subsidies, Colorado can work toward developing more diverse and higher-value markets for waste tires.” Blumenthal will testify in support of HB 1352 at Thursday’s hearing before the House Transportation and Energy Committee. “Addressing Colorado’s waste tire problems are long overdue,” Blumenthal said. “The monofills must be shut down and cleaned up sooner not later. Any further delay increases the chances that Colorado could suffer an environmental cleanup nightmare if one of the mammoth tire piles were to catch fire. We look forward to moving this proposal forward and establishing an effective and environmentally sound waste tire program.” - * Email

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Cancarb acquisition by Tokai Carbon completed

Friday, April 18, 2014

Tokyo, Japan - The sale of Cancarb to Tokai Carbon Co. Ltd. of Japan was successfully completed on April 15, 2014. “We expect a seamless transition, said Dave Petrie, president of Cancarb. “All of our employees have been retained and we will be continuing to provide our Thermax thermal carbon blacks with the quality, service, availability and reliability our customers expect.” He added “We very much look forward to leveraging Tokai’s depth of experience in the carbon black industry and their strong commitment to research and development. We are confident with this transaction that Cancarb will achieve the next level of production, application and product technology.” - * Email

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Bridgestone opens public voting for Fuel The Cause contest

Friday, April 18, 2014

Nashville, TN - Bridgestone Americas has announced the 12 finalists of its Fuel the Cause contest and has opened public voting to determine the winner. One of the 12 selected submissions will win a $25,000 gift from Bridgestone to be used toward the transformation of a green space project in one North American community, be it a park, school, playground, community garden or other neighborhood space. Between now and April 30, the public is invited to visit Bridgestone's Fuel the Cause contest portal and cast their vote for one of the twelve finalists; the entry with the highest number of votes will be the grand-prize winner. Bridgestone will announce the contest winner in early May. "As the world's largest tire and rubber company, we believe it is our responsibility to protect and preserve the environment, and we do this through our One Team, One Planet approach," said Erik Seidel, vice president, brand management, Bridgestone Americas. "The Fuel the Cause contest reminds us that we are not alone in our commitment to a sustainable future, and together, we can make this vision a reality. Each one of our 12 finalists is outstanding and deserves to be recognized for their commitment to our planet." Nominations for the Fuel the Cause contest opened on March 1st and closed on the 15th. To enter, consumers were asked to submit three pictures and a brief description of the project and how it would benefit from the Bridgestone transformation. To view the finalists' entries and cast a vote visit, www.bridgestonetire.com/rethinkgreen/fuelthecause. Bridgestone is conducting the contest as part of its annual Rethink Green campaign and promotion in April. Rethink Green highlights Bridgestone's Ecopia line of tires, as well as the company's breadth of Eco-Products. Ecopia is Bridgestone's most fuel-efficient line of tires that is engineered to save consumers money every time they drive. The Eco-Product designation is used to identify Bridgestone products that feature environmentally-conscious materials, such as low-aromatic oil and recycled materials, and also are designed to help improve vehicle fuel efficiency and reduce emissions. For additional information about Bridgestone Americas' "One Team, One Planet" environmental platform, or to learn more about the company's global environmental mission, visit OneTeamOnePlanet.com. - * Email

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