ExxonMobil to build butyl rubber and hydrocarbon resin plants in Singapore
Friday, March 7, 2014
Singapore - ExxonMobil Chemical announced that it will build facilities to manufacture premium halobutyl rubber and Escorez hydrogenated hydrocarbon resin at its recently expanded petrochemical complex in Singapore. Engineering and procurement activities have begun, with construction expected to begin in the second half of 2014 and completion anticipated in 2017. The company is a major supplier of halobutyl rubber to the global tire industry, and this expansion project will add production capacity of 140,000 tons per year. The hydrogenated hydrocarbon resin production unit will be the world’s largest, with a capacity of 90,000 tons per year, to meet long-term demand growth for hot-melt adhesives. “Our expanded steam cracking capability at Singapore provides a platform for growth through a wide range of petrochemical building blocks that can be further upgraded to specialty products,” said Steve Pryor, president, ExxonMobil Chemical Company. “We continue to invest in expanding capacity at our strategic hub in Singapore, which is an ideal location to efficiently serve the fast growing Asia Pacific market.” With 75 years of experience in butyl rubber production and sales, ExxonMobil’s halobutyl products provide outstanding air retention for tires. According to ExxonMobil’s Energy Outlook, the global number of cars and light trucks is expected to double by 2040 to 1.7 billion vehicles, which supports much of the growth expected for halobutyl rubber. Since the 1970s, ExxonMobil has been an industry leader in process technologies and capacity expansions of specialty tackifiers and polymers for the adhesives industry. Hydrogenated tackifier demand is expected to double over the next 15 years. Much of the growth is anticipated in Asia, where packaging, woodworking and nonwovens manufacturers increasingly use hot melt adhesives.
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Omsk, Russia – RIA Novosti reported that, "Emergency officials in Russia said that an explosion took place Thursday morning (March 6) at a synthetic rubber plant in the Siberian city of Omsk. The Emergency Situations Ministry said the accident had claimed casualities, but gave no specific details. “As a result of a fire, an explosion occurred in the oil products refining column. There are casualties,” local emergency officials said in a statement. Officials said 30 emergency vehicles and 80 rescue workers had been dispatched to the site of the incident. People in the vicinity reported hearing two loud explosions and seeing a dark cloud of smoke rising from the Omsky Kauchuk plant. According to information on the Omsky Kauchuk website, the company occupies a leading position on Russia’s synthetic rubber market.
Omsky Kauchuk is part of the Titan holding company, which produces a range of synthetic goods."
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Cologne, Germany – Matthias Zachert, currently chief financial officer of Merck KGaA in Darmstadt, Germany, will take over as chairman of the board of management of Lanxess AG on April 1, 2014. Until Zachert joins the company, Lanxess chief financial officer, Bernhard Duettmann, is performing the responsibilities of the chairman of the board of management.
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Cabot Corporation to webcast annual meeting of stockholders
Friday, March 7, 2014
Boston, MA - Cabot Corporation announced that it will webcast its annual meeting of stockholders beginning at 4:00 p.m. (ET) on Thursday, March 13, 2014. The call is being webcast by NASDAQ OMX and may be accessed at Cabot’s web site at http://investor.cabot-corp.com. For those unable to participate during the live webcast, an archived copy will be available on the company’s website at http://investor.cabot-corp.com.
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Ashland Inc. announces intermediates and specialty solvents price increases
Friday, March 7, 2014
Wilmington, DE - Ashland Specialty Ingredients, a commercial unit of Ashland Inc., is increasing the price of its portfolio of intermediates and specialty solvents sold in North America effective April 1, 2014 or as contracts allow. Prices for 1,4 butanediol (BDO) and its downstream solvent derivatives will increase by $0.05 per pound. In Europe, effective April 1, 2014, or as contracts allow. Prices for n-methylpyrrolidone (NMP, M-Pyrol) and gamma-butyrolactone (BLO) will increase by EUR 0.05/kg. In Asia Pacific effective April 1, 2014, or as contracts allow, prices for n-methylpyrrolidone (NMP, M-Pyrol), tetrahydrofuran (THF) and gamma-butyrolactone (BLO) will increase by $0.08 per kg.
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Colombes, France - Arkema announce 2013 results of €6.1 billion sales close to 2012 sales at constant scope of business and foreign exchange rate, supported by volumes up by +1.4 percent. Solid EBITDA margin close to 15 percent. €902 million EBITDA (down 7 percent at constant scope of business and exchange rate) sharp improvement in High Performance Materials results in the fourth quarter, but full year performance down compared to the high basis of comparison in 2012. Five percent EBITDA growth in Coating Solutions. Performance of Industrial Specialties impacted by market conditions in Fluorogases. 923 million net debt (1x EBITDA). Proposed dividend of €1.85 per share (€1.80 for 2012)
Thierry Le Hénaff said, “With a solid EBITDA margin of around 15 percent, Arkema in 2013 demonstrated its ability to adapt to a less favorable environment than in 2012. In this context, Arkema continued to strengthen its relationships with its major commercial partners, controlled its fixed costs rigorously, and continued to optimize its industrial operations. The Group also continued to resolutely implement its long-term strategy through a large number of projects which will bear fruit in the near future: let me mention, for example, the construction of the thiochemicals platform in Malaysia, the announcement of our first industrial investment in the Middle East and the acquisition of Jurong’s acrylic assets in China, all of which are highly promising projects that demonstrate our know-how. The quality and diversity of our projects bolster our confidence in our ability to achieve our medium-term targets and illustrate the company’s potential for further value creation.” For 2014, market conditions should remain contrasted between the various regions. Meanwhile, a stable €/$ exchange rate compared to last year is assumed. In 2014, the group will pursue its growth strategy by implementing a capex program of some €450 million. The closing of the project to acquire Jurong’s acrylics assets in China, the start up of the Thiochemicals platform in Malaysia, the acceleration of R&D programs on composites, bio-sourced polymers and batteries and the implementation of productivity initiatives will be the top priorities of the year. While remaining cautious about the economic environment, Arkema is confident in its ability to grow EBITDA in 2014. Over the longer term, Arkema confirms its ambition to achieve €8 billion sales and a 16 percent EBITDA margin by 2016, and €10 billion sales and close to 17 percent EBITDA margin by 2020.
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Hanover, Germany/Geneva, Switzerland - Continental offers a range of tires for SUVs and 4x4 vehicles that leaves virtually nothing to be desired. Various summer tire models are available for four-wheel-drive vehicles to ensure that the right tires are available for each individual vehicle and its driving style. Leading 4x4 manufacturers, including Audi, BMW, Land Rover, Mercedes, Porsche, and Volkswagen, have already issued original equipment approvals. This year, Continental is offering 15 new items for 4x4 vehicles, SUVs, and crossovers. These tires are suitable for rims of 15 to 23 inches in diameter and aspect ratios of 85 percent to 25 percent. They are approved for speeds of up to 300 km/h. The Conti 4x4 Contact offers excellent traction on the road and on easily navigable terrain. It achieves short braking distances, a prompt steering response, and a high degree of directional stability. The staggered tread blocks generate minimal noise, while the tire's wide longitudinal and transverse tread grooves greatly reduce the risk of aquaplaning. The Conti 4x4 Contact is particularly well suited as a tire for compact and standard-weight SUVs and crossovers and has been approved by vehicle manufacturers for a long list of vehicles. Continental recommends the Conti 4x4 Sport Contact for fast and powerful four-wheel-drive vehicles. Its asymmetrically patterned tread with the compact outer shoulder area ensures superb cornering stability, while its wide tread grooves efficiently expel water from the tire on rain-slicked roads. The tread block rows are staggered for a quieter roll. Conti 4x4 Sport Contact tires are fitted as original equipment on SUVs from European manufacturers. The Conti Cross Contact AT has been developed to meet the demands of drivers who intend to use their 4x4 vehicles off-road but still want a comfortable margin of safety in road traffic. The Conti Cross Contact AT's open shoulder offers good driving properties on rugged terrain. The tire not only bites into loose terrain but also provides safe cornering performance when the going gets rough. The sturdy tread compound prevents the tire from being damaged or notched when used off-road and extends its service life. The Conti Cross Contact AT is available with white sidewall lettering in many sizes. It is approved for speeds of up to 210 km/h and can be fitted on rims of 15 to 18 inches in size. The Conti Cross Contact LX Sport has been developed for the original equipment market and approved by European, U.S., and Japanese SUV manufacturers. As a result, it is now also a popular choice in the replacement business and is sold and distributed via car dealers and the tire trade. As a tire for more high-powered vehicles, it offers good grip and precise steering response on wet and dry roads, as well as high mileage and comfort. Its range of possible applications includes, in particular, motoring on paved roads, country lanes, and dirt tracks, as well as light off-road duty – as a tractor unit for horse trailers, for instance.
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www.durometer.com Rex Gauge has been specializing in quality durometers for over
50 years. We pride ourselves in the fact that Rex durometers
are easy and convenient to use as well as durable and
extremely accurate. Our personnel are truly professionals in
their trade, as is evident in the fine workmanship and quality
that go into each gauge - from the first calibration to the final
approval before delivery to the customer.
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