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Trelleborg presents the results of tire size and farming productivity study

Monday, September 1, 2014

Trelleborg, Sweden - Trelleborg presented the results of advanced research conducted in partnership with La Salle Institute about the correlation between the footprint of a tractor’s tire and farming productivity at the Massey Ferguson event, “Vision of the Future,” held August 19-29, 2014, in Beauvais, France. Lorenzo Ciferri, marketing director, Trelleborg Agricultural & Forestry Tires, says: “For over a year we’ve been running intensive tests, as well as F.E.M (Finite Element Method) analysis, in collaboration with the La Salle Institute, one of Europe’s leading institutes for research into the agricultural industry. This was to quantify, assess and deepen our understanding of the relationship between the tire footprint and productivity of farming operations. “Our ultimate objective is to make sure farming professionals get the most out of their overall investment in equipment. In other words, we want them to produce more, with less. Together with Massey Ferguson, we’ll show and demonstrate the potential of the correct tire choice along with the consequences of farming practices. “Simply put, when it comes to tire selection, the wider the tire footprint, the lower the soil compaction and the higher the traction. Reduced soil compaction guarantees the maximum respect of soil aggregates and that air pockets in the soil’s structure are maintained to enable plants to become established and for nutrition to be absorbed. This ensures healthy root growth and preserves the field’s potential, dramatically increasing crop yields in terms of output and quality. For example, recent research demonstrates that a 10 to 12 percent wider footprint can raise crop yield by up to two percent.” A wide tire footprint can be obtained by adopting the correct tire pressure and selecting the right type of tire fitment. To investigate this, intensive field and theoretical testing has been conducted that compares, for the same tractor configuration, a narrow tire fitment in the standard size 520/85R38 with a wide tire fitment in size 710/60R38. The test results proved that when the tire goes deeper into the soil, the degree of compaction rapidly worsens using the narrow solution: at a depth of 10 centimeters the soil compaction created by the narrow tire is double that created by the wide solution, while at a depth of 30 centimeters it is almost three times higher. Demonstrating its commitment in the area of sustainable farming, Trelleborg will further develop these studies directly on the field during the Massey Ferguson event, “Vision of the Future” in front of more than five thousand agricultural professionals from across Europe, as well as specialized media. During the event’s field sessions, Trelleborg will conduct a workshop using a pair of Massey Ferguson 7616 Dyna-6 Efficient tractors. One will be fitted with the wide Trelleborg 710/60R38 TM1000 High Power and the other with a standard size 520/85R38. Competing over a 200 meter track simultaneously, the two tractors will be monitored by digital chronometers that will measure the time gap between the two tractors. Two pipes will be set up to show the precise fuel consumption over the run and a computer application will calculate the efficiency savings. “We expect the trials will prove that by using a wider tire the cost efficiency gap between narrow versus wide tire will be very high. The reduction of operating time will, we believe, be in a range of 10 to 15 percent. Therefore, the total variable farming costs, such as fuel consumption and maintenance costs should decrease by 20 to 25 percent. This should support our calculation that by using the 710/60R38 TM1000 High Power, farmers can save up to 3,800 EUR for a farming area of 500 hectares,” says Ciferri. In addition, comparing the premium tire alternatives available on the market, for the same size and pressure conditions, the Trelleborg TM1000 High Power demonstrates the widest and largest footprint of the industry. "This is primarily due to the advanced design of the tire tread along with the implementation of Trelleborg blue tire technology. In fact, the tire width combined with the high flexibility of the sidewall, guarantees a very flat and large footprint at very low pressure. As a result, the tire lugs work better, more efficiently and simultaneously. “The working lug surface is over four percent bigger and, therefore, ensures better traction and farming cost efficiency. The entire footprint is wider by up to seven percent providing an even and low pressure distribution on the soil as well as better flotation for higher crop productivity," concludes Ciferri. Results of tests will be published following the Massey Ferguson “Vision of the Future” event and will be obtainable from the Trelleborg Wheel Systems website. - * Email

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RheinChemie

Momentive Performance Materials prepares to exit bankruptcy

Monday, September 1, 2014

Waterford, NY - Momentive Performance Materials Inc., a global leader in the development and manufacture of silicones and products derived from quartz and specialty ceramics, announced that the U.S. Bankruptcy Court for the Southern District of New York indicated at a hearing on August 26, 2014, that it will enter an order confirming the company’s restructuring plan once certain modifications have been made to the plan. MPM expects to complete the modifications shortly and to formally emerge from Chapter 11 within the next few weeks. “Now that the court has indicated that it will confirm our plan, the path is clear for MPM to emerge from Chapter 11 as a stronger and more competitive company,” said Craig O. Morrison, chairman, president and CEO of MPM. “Our restructured balance sheet better aligns MPM with current industry dynamics and will provide us with additional cash flow that, among other things, can be invested in growth opportunities, research and development and technology enhancements.” The key terms of the plan include a $600 million rights offering, which will provide a significant equity infusion to the company and 100 percent recovery to trade creditors and other general unsecured creditors. Upon emergence, MPM will have eliminated approximately $3 billion of debt from its balance sheet, and will have liquidity of approximately $425 million and net debt of approximately $1.2 billion. Morrison continued, “I want to thank our lenders, including the financial institutions that have provided us with debtor-in-possession and exit financing, for their invaluable support of our company. I also want to express my gratitude to our customers, suppliers and employees for their unwavering commitment to MPM, which has allowed us to operate without interruption throughout this process and to fulfill our obligations worldwide. MPM has a bright future ahead of it, and we look forward to sharing our future success with all of our stakeholders.” Additional information is available at www.momentive.com/mpmrestructuring. Suppliers with questions can contact a dedicated vendor hotline, toll-free at 844-812-8197 or locally at 614-225-4200, or via email at mpmvendorhotline@momentive.com. Court filings and information about the claims process are available on a dedicated website administered by MPM’s claims agent, Kurtzman Carson Consultants LLC, at www.kccllc.net/mpm, or by calling 888-249-2792 (310-751-2607 for international calls). Willkie Farr & Gallagher LLP is serving as legal counsel, Moelis & Company. - * Email

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McLube

Bridgestone establishes new company to sell industrial products in Chile

Monday, September 1, 2014

Tokyo, Japan - Bridgestone Corporation announced that its wholly owned subsidiary, Bridgestone Industrial Products America Inc. (BIP) has established Bridgestone Productos Industriales Latinoamerica SpA. (BIPL) in Santiago, Chile, a company dedicated to sell industrial materials such as conveyor belts and other related products. The new company will commence operations in October, 2014. Given the expected demand increases of copper over the medium to long-term, production of copper is expected to rise substantially at copper mines across Chile and Peru, which are among the world's most prominent mining locations. By establishing BIPL, the Bridgestone Group will be able to more efficiently provide mining customers conveyor belts for transportation of minerals and others and offer enhanced services to customers. These services will include services such as maintenance to help customers more effectively run their belt systems and achieve better overall operating results in their mines. Moving forward, the Bridgestone Group will strive to respond quickly to fluctuations in market demand and provide customers with even better-quality products and services. - * Email

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Kraiburg TPE to participate in Indoplas 2014 in Jarkarta

Monday, September 1, 2014

Kuala Lumpur, Jakarta - Kraiburg TPE Asia Pacific will be participating in Indoplas 2014 in Jakarta Exhibition, September 3-6, 2014. As a leading global manufacturer of premium quality TPE compounds, Kraiburg TPE will be making its presence felt at the 9th Indonesian International Plastic Expo, or Indoplas 2014 - the professional trade exhibition featuring the latest innovations in technology and products for the plastics industry. Kraiburg TPE’s inaugural participation in Indoplas 2014 is a collaborative effort between the company and its local Indonesian sales partner, PT. Pilar Bersama Maju. Kraiburg TPE’s booth will be located at Booth H12, Hall A2, at the Jakarta International Expo (JIExpo), Gedung Pusat Niaga Lt., 1 Arena PRJ Kemayoran Jakarta 10620. For Kraiburg TPE, this trade expo fulfils its strategic expansion program across the Asia Pacific region and emerging markets. “The Asia Pacific region, which continues to be fast developing, presents a chance of growth but this is our duty to approach our customers and fulfil their needs,” says Roland Ritter, director Asia Pacific. This is especially so when Indonesia’s strategic location and a dynamic population of 240 million make Indonesia one of the fastest growing Asian economies after China and India. For Indoplas 2014, Kraiburg TPE will be showcasing current applications from its portfolio and custom-engineered compounds for the automotive, consumer, industry, and medical sectors. In addition, a competent team of TPE specialists will provide visitors a glimpse of the company’s comprehensive custom-engineered product range. The stringent European standards of safety and quality apply at Kraiburg TPE locations around the globe. These standards are ensured by teams of experts who specialize in the requirements of customers from the four application sectors Automotive, Industry, Consumer and Medical. Customers therefore benefit from know-how and networking, as well as products and services of the highest quality. - * Email

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Clariant to offer certified sustainable palm oil based material

Monday, September 1, 2014

Muttenz, Germany – Clariant, a world leader in specialty chemicals, announced Roundtable on Sustainable Palm Oil (RSPO) Mass Balance supply chain certification for its plant in Gendorf, Germany, in order to meet the increasing demand for sustainable certified palm-based ingredients from customers in the personal care and home care sectors. Gendorf is the first of Clariant’s plants to be RSPO certified and progresses its target to continuously increase the offer of certified palm based products and to have all relevant production sites certified by 2016. “The use of certified renewable raw materials like palm-based oleochemicals in our products and processes is an important element in integrating sustainability into our operations and attaining our goals of sustainability leadership and value creation for our customers,” said Hariolf Kottmann, CEO Clariant. “Sustainability and innovation are pillars of Clariant’s business strategy and sustainable raw materials are significant for the development of innovative, future-oriented products.” Palm oil and palm kernel oil derivatives are increasingly used renewable raw materials in personal care and home care applications. The RSPO’s supply chain certification schemes are a cornerstone to promote the growth and use of sustainable palm oil products. A member of RSPO since 2011, Clariant has set clear targets to certify all relevant Business Unit Industrial & Consumer Specialities’ plants using palm-based oleochemicals under the RSPO Mass Balance scheme by 2016. It is an important step in proactively working toward its commitment to achieve 100% segregated supply chain certification by 2020. While Mass Balance allows for mixing of certified and non certified material along the supply chain, segregation is a guarantee that only certified material has entered the supply chain. Clariant uses olechemicals derived from palm-based oils in its surfactants, emulsifiers and preservatives for personal care and home care products. Clariant is increasingly using certified renewable raw materials to contribute to its sustainability commitments. This is also reflected in the EcoTain approach which addresses the whole life cycle of the products. “RSPO certification will provide assurance to our customers and consumers that products coming from these plants derive from sustainable palm oil. We are proud to be a forerunner within our industry in following this path and in working together with our supply chain toward transparency and a responsible and sustainable use and sourcing of renewable raw materials,” comments Michael Willome, global head of Business Unit Industrial & Consumer Specialties. - * Email

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Albemarle and PolyOne to present at KeyBanc Capital Markets conference in Boston

Monday, September 1, 2014

Baton Rouge, LA - Albemarle Corporation announced that Luke Kissam, president and CEO, and Matt Juneau, senior vice president and president, Performance Chemicals, will present at the KeyBanc Capital Markets Basic Materials & Packaging Conference at 10:00 a.m. ET on September 9, 2014, in Boston. The format of the conference will include one general session with a formal presentation to begin at 10:00 a.m. ET and one-on-one discussions scheduled throughout the day. Scott Tozier, senior vice president and chief financial officer, will join Kissam and Juneau for the one-on-one discussions. The presentation and webcast will be made available on Albemarle's website at www.albemarle.com under the Investors heading. PolyOne Corporation, a premier provider of specialized polymer materials, services and solutions, announced that Robert M. Patterson, president and chief executive officer, and Isaac D. DeLuca, vice president, investor relations, will present at the 2014 KeyBanc Capital Markets Basic Materials & Packaging Conference on September 10. The presentation will be posted on PolyOne's Investor Relations home page at www.polyone.com/investor. - * Email

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