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Dow Chemical is eliminating 2,500 jobs  

Wednesday, June 29, 2016

Midland, MI - Dow Chemical is eliminating 2,500 jobs after taking control of Dow Corning, which makes silicone products, it said on Tuesday. The job cuts will reduce the chemical giant’s workforce by about 4% and includes plans to close silicone factories in Greensboro, NC and Yamakita, Japan, plus other administrative, corporate and manufacturing facilities. Dow Chemical recently spent $4.8 billion to take full ownership of Dow Corning from Corning Inc., ending a 72-year-old joint venture. As a result of the restructuring, Dow expects to reap $500 million in annual savings. The company is looking to boost its competitiveness and streamline costs associated with the transaction, it said. The job cuts come as Dow Chemical is seeking regulatory approval for its merger with DuPont, which would combine two titans of American industry and create a behemoth with $90 billion in annual revenue. “With these difficult but necessary actions, we are bringing together the best of each company’s talent and technology, accelerating Dow’s strategy to go narrower and deeper into attractive, targeted market sectors, and setting the stage for the new Dow – the world’s leading material science company,” said CEO Andrew Liveris in prepared remarks. Dow Chemical said it anticipates eliminating these jobs within the next two years and will record a charge of roughly $410 million to $460 million in the second quarter for severance costs and other expenses. - * Email

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University of Akron reduced registration price for Silicone Elastomers and Fabrication course ends Friday  

Wednesday, June 29, 2016

Akron, OH - The University of Akron Polymer Training Center is offering a reduced rate for the upcoming Silicone Elastomers and Fabrication course being held July 25-28, 2016, at the University of Akron Polymer Training Center located at 225 E. Mill Street in Akron, OH. The new rate is $1,475 if registered before June 30, 2016. This is the only silicone course taught by industry specialists beginning with basic silicone chemistry and ending with hands-on processing at the molding machine. This four-day course encompasses three days in a classroom environment learning about chemistry, types of silicone elastomers, mixing methods, testing, specifications, bonding and recent innovations. How to select pumping units, mold building, molding machine requirements, processing and problem solving are also covered. The fourth day is a “hands-on” experience at ShinEtsu Silicone’s Technology Center where all your practical training will be put to use. For more information and course registration visit: http://goo.gl/e7RwhC - * Email

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McLube

WACKER to present new generation of highly transparent liquid silicone rubbers at K 2016  

Wednesday, June 29, 2016

Munich, Germany - WACKER, the Munich-based chemical group, will present a new generation of highly transparent liquid silicone rubbers for lighting technologies at the 20th International Trade Fair for Plastics and Rubber K 2016. LUMISIL® LR 7601 makes it possible to produce crystal-clear optical lenses and coupling elements for high heat and light exposure. The product is predominantly characterized by a significantly lower volatile content, which especially benefits processors. The vulcanizates only need to be thermally postcured for sensitive applications. Due to the low volatile content the postcuring time can be reduced for these applications, and the molded part suffers significantly less shrinkage. LUMISIL® LR 7601 is suitable for lenses, sensors and optical coupling elements in lighting technologies and can be processed cost effectively in large-scale injection molding processes. K 2016 will take place in Düsseldorf, Germany, from October 19 to 26, 2016. - * Email

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Bridgestone introduces a new tire assembling system called EXAMATION  

Wednesday, June 29, 2016

Tokyo, Japan - Bridgestone Corporation announced that it has introduced a new tire assembling system called EXAMATION at its flagship Hikone Plant. Designed to further improve quality and enhance productivity with regards to tire production technologies, this advanced system combines Bridgestone’s proprietary information and communication technologies with artificial intelligence. Bridgestone plans to leverage this system at existing and new factories globally to boost competitiveness on the production side of operations and enable the Bridgestone Group to deliver even higher quality products to a wide range of customers. Bridgestone began researching and developing tire production systems employing ICT and other cutting-edge technologies in the late 1990s with the aim of creating more functional tires and improving quality. In 2002, the company developed the BIRD production system, which was the world’s first system for realizing complete automation in areas of production ranging from components processes to product inspection processes. This system also was equipped to track conditions at manufacturing sites in real time. The new EXAMATION system incorporates more advanced versions of the information and communication technologies utilized in the BIRD system and also employs new proprietary technologies based on the new concepts of Bridgestone Intelligent Office BIO and Bridgestone Intelligent Device BID. BIO*3 and BID*4 refer to new technologies that incorporate data analysis utilizing Bridgestone’s core expertise in the processing of high polymer- rubber complex materials, which represents a core technology area. These technologies also employ proprietary algorithms that are made by combining analysis of big data collected from manufacturing processes with the techniques and know-how of Bridgestone’s experts in manufacturing process. Based on the algorithms that exceed prior insight created by BIO, BID introduces a unique artificial intelligence that automatically controls production systems, thereby enabling automatic control of production processes and quality assurance judgments and procedures that were previously dependent on the human skills. The system allows us to minimize various production process disparities arising from differences in the human capabilities to realize levels of manufacturing precision not previously seen. Furthermore, the data collected though this system will be utilized in conjunction with data on existing tire assembling machines, processes conducted before and after assembling, products, and various other areas to improve the overall quality of procedures throughout factories. - * Email

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Birla Carbon releases its fourth Sustainability Report  

Wednesday, June 29, 2016

Atlanta, GA - Birla Carbon announced the release of its fourth Sustainability Report. The report titled, ‘Maximizing our Potential through Sustainable Operational Excellence’, focusses on Birla Carbon’s Sustainable Operational Excellence (SOE) strategy driving sustainable business growth. The report is again a digital only release with no copies printed for distribution or circulation. The report is available at www.sustainability.birlacarbon.com/. Sharing his thoughts at the release of the report, Dr Santrupt Misra, Chief Executive Officer, Birla Carbon said, “The importance that Birla Carbon places on sustainability is signified by its presence as an integral part of our stated vision, which is ‘to be the most respected, dynamic and sustainable global carbon black business.’ Sustainability is no longer just about minimizing our risks - it is about maximizing our potential.” He further added, “Birla Carbon was the first business in the Aditya Birla Group to establish the role of Chief Sustainability Officer, who drives the sustainability agenda at Birla Carbon. Similarly, Birla Carbon has been the first in its sector to passionately formulate a sustainability agenda.” Joe Gaynor, Chief Sustainability Officer, Birla Carbon said, “At Birla Carbon we are committed to remembering our past and building our future. Sustainability is a journey for us all and as we proceed on our path to sustainable operations, we are constantly learning and sharing what we learn.” He further added, “One of the most rewarding aspects of this journey has been the opportunity to engage with our customers in new and interesting ways. Together, we are developing mutually beneficial approaches to problems that can have a major impact on our shared world.” The report is divided into six key focus areas, namely; Governance and Ethics, Product Responsibility, Environment, Customers and Suppliers, People, and Communities. Each of these areas elaborates Birla Carbon’s journey on how it is achieving SOE. The report is also in accordance with the international standards of the Global Reporting Initiative (GRI) G4 sustainability reporting guidelines at comprehensive level with comparisons and goals for each reporting segment. - * Email

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Arkema announces the opening Korean Innovation Center in Seoul  

Wednesday, June 29, 2016

Paris, France - Arkema announces the opening its Innovation Center in Korea. Based within the highly reputable HanYang University in Seoul, this new laboratory embodies a partnership spanning many years between Arkema and the University. This new laboratory will specialize in high performance polymers and renewable energies - two areas of excellence for the Hanyang University. Through daily interaction with the University’s laboratories, it will serve as a major anchor for the Group’s future innovations in this region. Integration within a university campus reflects the spirit of joint research between industry and the academic community successfully initiated by Arkema in France. It brings outstanding capacity for innovation while ensuring scientific excellence in the laboratory’s work. This center will also enable Arkema’s teams in the region to provide local support in particular to Korean customers in the adhesives and technical polymers markets, for electronics, composite materials and renewable energies applications. This Application Laboratory complements the Group’s existing R&D facilities in Asia, where Arkema already operates research centers in China and Japan. - * Email

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Albemarle enters into definitive agreement to sell Chemetall Surface Treatment business to BASF for $3.2 Billion  

Wednesday, June 29, 2016

Charlotte, NC - Albemarle Corporation announced that it has signed a definitive agreement to sell its Chemetall Surface Treatment business to BASF in a cash transaction valued at approximately $3.2 billion, representing an LTM EBITDA multiple of 15.3x as of March 31, 2016. Commenting on the transaction, Albemarle's President and CEO Luke Kissam said, "The sale of Chemetall reflects Albemarle's continued commitment to maximizing shareholder value by investing in the future growth of our high priority businesses, reducing leverage and returning capital to shareholders. I would like to thank the Chemetall management team and employees for their exceptional performance and professionalism. For BASF, the purchase of Chemetall represents a unique opportunity to acquire an industry-leading surface treatment business with a proven track record of success." The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close by year end. The transaction value is subject, at closing, to reduction for certain underfunded and unfunded pension obligations and further adjustment for cash, indebtedness of the business, and variation, if any, of working capital versus a targeted amount. BofA Merrill Lynch is acting as exclusive financial advisor to Albemarle and Shearman & Sterling LLP is acting as its legal advisor in connection with this transaction. - * Email

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