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U.S. manufacturing output rose for the fourth straight month  

Thursday, January 18, 2018

New York, NY - Bloomberg reports that U.S. factory production rose for a fourth straight month in December, capping the strongest quarter since 2010 and underscoring a resurgence in manufacturing that’s primed for further advances, Federal Reserve data showed. The smaller-than-expected December gain in manufacturing output reflected a 0.1 percent drop in production of non-durable goods, including petroleum and chemicals. Output of durable goods rose a solid 0.3 percent. Factory output increased at a 7 percent annualized rate in the fourth quarter, the strongest since the second quarter of 2010. Combined with national and regional surveys of purchasing managers, the figures indicate manufacturing was robust at the end of the year. Stronger consumer spending, increased business investment and more shipments of merchandise to overseas customers are providing plenty of fuel for the nation’s producers. The lowest business inventory-to-sales ratio in three years could translate into increased production in coming months. Factory output climbed 1.3 percent in 2017, the strongest annual reading in five years. The Fed’s monthly data are volatile and often get revised. Manufacturing, which makes up more than 75 percent of total industrial production, accounts for about 12 percent of the U.S. economy. It increased 2.4 percent in December from the same month a year earlier. - * Email

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Asia synthetic rubber makers resist higher butadiene offers  

Thursday, January 18, 2018

Singapore - ICIS News reports that butadiene (BD) buyers in Asia, particularly in the downstream synthetic rubber sector, are resisting sellers’ proposed price hike this week amid limited tank space in the region. Buying indications for fresh February BD shipments were $100/metric ton lower than the spot offers of $1,300-1,350/metric ton CFR (cost and freight) northeast (NE) Asia. “We can buy BD and pay around the low-to-mid $1,200/metric ton CFR NE Asia level, if we can find an empty tank,” a downstream SR maker said. On January 12, BD spot prices were assessed at $1,200-1,250/metric ton CFR NE Asia, ICIS data showed. Limited tank space has curbed appetite for spot cargoes, market sources said. “The tanks are filling up fast and it is very difficult to find available storage tanks for late February or early March deliveries, so prices may not go up as much as expected,” a trader said. Deep-sea cargoes from Europe and the U.S. have arrived in Asia this month, with more supply heading to the region for late-February and early-March delivery. About 50,000 metric tons of BD from EU, the U.S., Middle East and Latin America have been procured by Asian buyers, which are restocking ahead of prior to the Lunar New Year holidays in mid-February. The Lunar New Year, which falls on February 16, is celebrated in most parts of northeast and southeast Asia, with the key Chinese market on holiday on February 15-21. BD sellers were hoping to raise prices above $1,300/metric ton on the back of improving downstream synthetic rubber market, which is being bolstered by rising prices of rival product, natural rubber (NR). Synthetic rubbers, such as styrene butadiene rubber (SBR) and polybutadiene (PBR), and NR are substitute raw materials in the production of tires for the automotive industry. Fresh spot offers for February shipments of non-oil grade 1502 SBR and high-cis grade PBR have gone up by $50-100/metric ton from the previous month. Non-oil grade 1502 SBR prices were assessed at $1,550-1,650/metric ton CFR southeast (SE) Asia on January 10, while high-cis grade PBR stood at $1,650-1,750/metric ton CFR SE Asia on January 11, ICIS data showed. At midday, the SMR20 tire grade NR price was at $1,541/metric ton FOB (free on board) Malaysia, down by an average of $76/metric ton from the start of the year. - * Email

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McLube

Goodyear declares quarterly dividend of 14 cents per share  

Thursday, January 18, 2018

Akron, OH - Directors of The Goodyear Tire & Rubber Company have declared a quarterly dividend of 14 cents per share of common stock. The dividend is payable March 1, 2018, to shareholders of record on February 1, 2018. The payout represents an annual rate of 56 cents per share. - * Email

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Smithers Rapra expands testing capabilities at its Suzhou, China facility  

Thursday, January 18, 2018

Akron, OH - Smithers Rapra announced that it has invested in expanded tire testing capabilities at Smithers Rapra’s tire and wheel testing laboratory in Suzhou, China. The introduction of six new testing machines will improve the laboratory’s ability to serve clients in the global tire and wheel marketplace. The new testing equipment gives the Suzhou lab a 35 percent boost in capacity and broadens testing capabilities by adding several key testing techniques, such as cleated tire and wheel endurance testing, wheel impact, salt spray and tire air permeation. “Since the opening of our Suzhou lab in 2012, we have strived to evolve and grow with our local clients to support them with world class testing technology and service,” said Nat Leonard, president, Smithers Rapra. “This lab expansion is the latest example of our strategy to grow in line with the kinds of testing our clients request of us. We will continue to invest in new technologies and capabilities to meet the needs of the global tire and wheel industry.” In addition to the updates to Smithers’ Suzhou facility, the company expects to complete a building expansion and the introduction of a new Flat-Trac CT Plus machine at the Smithers Tire and Wheel Test Center in Ravenna, OH, in 2018, in partnership with six tire companies who funded the investment. This expansion will enhance existing force and moment capabilities with higher wheel torque and the ability to test a wider range of tire sizes. The opening of a new event center, new track surfaces, and two rental buildings at Smithers’ Winter Test Center in Brimley, MI, is scheduled for early 2018, as well. Smithers Rapra operates laboratories in North America, Europe and China, covering a wide variety of testing and consulting services from material chemistry and product durability testing, to tire, wheel and winter testing. Smithers’ global network of ISO 17025 accredited tire test laboratories perform a wide variety of SAE, ASTM, ISO, UNECE and EC tests, supporting raw material suppliers, tire manufacturers and automotive OEMs. For more information about Smithers Rapra, visit www.smithersrapra.com. - * Email

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Registration opens for Rubber Industry Training Courses @ GRTE in Bangkok this March  

Thursday, January 18, 2018

Bangkok, Thailand - Registration is now open for Rubber Industry Training Courses @ GRTE - Global Rubber, Latex & Tyre Expo 2018, being held March 13, 14 and 16, 2018, at the BITEC, in Bangkok, Thailand. The course list includes: Tuesday, March 13 - Rubber Compounding Formulation; Optimization and Case Studies; Behavior of Rubber Flow During Molding; and Basic Process Troubleshooting; Thursday March 15 - Latex Compounding: Principles & Practice; Applied Rubber Technology (Thai Version); and Rubber Injection Molding; and Friday, March 16 - Rubber Compression Molding; Rubber to Metal Bonding; and Science and Practice. A registration and course brochure is available at www.rubbertechnology-expo.com. - * Email

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www.goldsmith-eggleton.com
Goldsmith & Eggleton Incorporated, an employee- owned company, is engaged in the manufacture and distribution of rubber raw materials. Since our founding in 1968 our mission is to provide customers with consistent quality polymers that adhere to specification and provide economic value. G&E's Reliable Polymer Alternatives are used by original equipment manufacturers in a variety of diverse applications. G&E's quality system is registered to ISO 9001: 2000. We supply customers throughout the world from our Processing facility in Wadsworth Ohio. G&E provides the experience of seasoned industry professionals and the commitment of employee owners to continuous improvement.


 
 
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