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Evonik enters into research partnership with Institute of Chemical Technology, Mumbai  

Friday, February 5, 2016

Essen, Germany - Evonik Industries and the Institute of Chemical Technology, Mumbai have sealed a strategic partnership agreement for the purpose of exploring research topics together, closely in selected fields in the future. Evonik and ICT research partnership agreement includes: Provision of scholarship funds for master’s degree and PhD students. Collaboration in research and development projects in the field of chemical science. Financial support for internships for master, bachelor and PhD students. Sponsor lectures and/or presentations by representatives of Evonik at ICT and vice versa. Dr. Georg Oenbrink, Head of Innovation Networks and Communications at Evonik’s Corporate Innovation commented that "Evonik Industries is proud to bring in the Institute of Chemical Technology in Mumbai as a partner to our network of scientific partners. The partnership program with ICT gives us an excellent link into India´s leading research Institution". The expansion of innovation activities in economically attractive regions supports Evonik’s growth strategy. The goal is to strengthen local customer competitiveness with technological services as well as research and application techniques that fit local needs. Dr. Stephan Pilz, Vice President, Regional Development India mentioned that signing of this partnership will further strengthen ICT’s international collaboration whereas for Evonik, it will be the first of such collaboration with an Indian university. This day will be a memorable day for Evonik and ICT, with a first successful step together towards the future for creating new values globally. Received topics have been discussed and work for PhD and master students will be kicked-off in Q1/Q2 2016, respectively. Lectures by Evonik colleagues at ICT will start by Feb 2016. - * Email

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189th Technical Meeting & Educational Symposium, San Antonio, TX; April 18-21  

Friday, February 5, 2016

Akron, OH - The Rubber Division, ACS announces the 189th Technical Meeting & Educational Symposium, San Antonio, TX; April 18-21, 2016. Early registration pricing and the discounted hotel rate is available through March 28th, so register and book your hotel room today! Learn from experts in our industry, support the 2016 Charles Goodyear Medalist and other outstanding award winners as they are recognized for their achievements and contributions, network with the best minds in the business and more. Visit www.rubber.org for more information - * Email

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McLube

Trelleborg reports fourth quarter and year-end results  

Friday, February 5, 2016

Trelleborg, Sweden - Trelleborg reports fourth quarter and year-end results with net sales for the fourth quarter of 2015 increased by 6 percent (9) to SEK 5,927 M (5,592). Sales were the Group’s highest to date for a fourth quarter. Organic sales were unchanged (neg: 2). Effects of structural changes made a positive contribution of 2 percent (3), while the effects of exchange rate movements were 4 percent (8). Operating profit, excluding the participation in TrelleborgVibracoustic and items affecting comparability, rose by 2 percent to SEK 705 M (690), equivalent to an operating margin of 11.9 percent (12.3). The operating profit was the Group’s highest to date for a fourth quarter. Items affecting comparability for the quarter amounted to an expense of SEK 90 M (expense: 68), which is in line with communicated full-year levels. Operating profit during the quarter for TrelleborgVibracoustic, excluding items affecting comparability, increased by 26 percent and amounted to EUR 43.5 M (34.4). This corresponded to an operating margin of 8.8 percent (7.6). The operating profit and corresponding margin were the highest to date for the company for a fourth quarter. Trelleborg’s participation in TrelleborgVibracoustic’s profit amounted to SEK 104 M after tax (72). Items affecting comparability amounted to an expense of SEK 29 M (expense: 11), which is in line with communicated full-year levels. Earnings per share rose 9 percent to SEK 2.00 (1.84). Operating cash flow amounted to SEK 854 M (1,031). During the fourth quarter of 2015, a dividend of SEK 1,357 M (-) was received from TrelleborgVibracoustic. The operating cash flow, including this dividend, amounted to SEK 2,211 M (1,031). The Board of Directors and President propose a cash dividend of SEK 4.00 per share (3.75). Net sales for the full-year 2015 increased by 10 percent (5) and totaled SEK 24,803 M (22,533). Organic sales declined by 2 percent (neg: 1). Effects of structural changes made a positive contribution of 2 percent (2), while the effects of exchange rate movements were 10 percent (4). Operating profit, excluding the participation in TrelleborgVibracoustic, and items affecting comparability, rose 7 percent to SEK 3,219 M (3,001), equivalent to an operating margin of 13.0 percent (13.3). Operating profit was the highest to date for the Group for a full-year. Operating profit for the full-year for TrelleborgVibracoustic, excluding items affecting comparability, rose 21 percent to EUR 182.9 M (151.0), corresponding to an operating margin of 9.4 percent (8.5). Both operating profit and operating margin were the highest to date for the company for a full-year. Trelleborg’s participation in TrelleborgVibracoustic’s profit amounted to SEK 509 M (298) after tax. Earnings per share rose 17 percent to SEK 9.60 (8.23). Operating cash flow amounted to SEK 2,282 M (2,705). A dividend of SEK 1,357 M (131) was received from TrelleborgVibracoustic during 2015. The operating cash flow, including this dividend, amounted to SEK 3,639 M (2,836). The cash conversion ratio was 71 percent (90), excluding dividends from TrelleborgVibracoustic. The total return on shareholders’ equity for the Group was 14.3 percent (13.6). Demand is expected to be on a par with, or slightly weaker, than the fourth quarter of 2015, adjusted for seasonal variations. Market outlook from the interim report published on October 22, 2015, relating to the fourth quarter of 2015 Demand is expected to be on a par with, or slightly weaker, than the third quarter of 2015, adjusted for seasonal variations. - * Email

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Non-destructive testing equipment market forecast to grow to 4.78 billion USD by 2021  

Friday, February 5, 2016

Albany, NY - According to a new market report published by Transparency Market Research "Non-Destructive Testing Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021," global non-destructive testing equipment market was valued at USD 3.21 Billion in 2014; growing at a CAGR of 5.8% from 2015 to 2021 to account for USD 4.78 Billion in 2021. Non-destructive testing are exercised for determining the physical properties of materials such as ductility, ultimate tensile strength and fracture toughness. The non-destructive testing is used to ensure product reliability and integrity to control manufacturing processes. In addition, stringent government safety regulations for quality control, ensure safety and reliable performance of the machines, and increasing demand to improve quality and longevity of the machines are the major factors that are driving the non-destructive testing equipment market globally. However, lack of skilled technicians is posing a challenge to the growth of non-destructive testing equipment market. The global non-destructive testing equipment market is segmented on the basis of technology, into ultrasonic testing, radiography testing, electromagnetic testing, visual testing and others (including magnetic particle testing and liquid penetrant testing). Ultrasonic testing led the global non-destructive testing equipment market in the year 2014. Key growth factors driving the ultrasonic testing market are its wide usage in steel and aluminum, construction, manufacturing, aerospace and defense and automotive sectors. By end use industry market is divided into following segments: power generation industry, oil & gas industry, aerospace and defense industry, automotive industry and others (including plastic and polymer, and medical). As of 2014, power generation sector was the largest contributor in the global non-destructive testing equipment market. The main factors driving this growth of the power generation industry are increasing number of nuclear power plants and the subsequent increasing demand for machines used in power generation plants. By geography, as of 2014, North America dominated the global non-destructive testing equipment market, accounting for 35.77% of the overall market. Huge investments in energy verticals such as oil and gas are majorly driving the market growth in North America. At the same time, Europe held the second largest market share and the demand for non-destructive testing equipment market is expected to increase during the forecast period. The market for non-destructive testing equipment in Europe is primarily driven by increase in demand for modernization of oil & gas and power generation sectors. The automotive industry is likely to contribute a large share to market revenues in Europe. Asia Pacific is expected to be the fastest growing region through the forecast period. The report provides company market share analysis of various industry participants. The key players were also profiled on the basis of company details, product type, financial overview, historical roadmap, business strategies and the recent developments in the field of non-destructive testing equipment market. Major market participants in the non-destructive testing equipment market include Olympus Corporation (Japan), Zetec Inc. (U.S.), Eddyfi NDT Inc. (Canada), Sonatest Ltd. (U.K.) and GE Measurement & Control Solutions (U.S.) among others. - * Email

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Parker Hannifin has added Parprene Tubing to their offerings  

Friday, February 5, 2016

Ravenna, OH – Parker Hannifin has added Parprene™ Tubing, a specially formulated thermoplastic elastomer tubing, to the tubing offering from the Parflex Division. Parprene™ Tubing is designed to withstand the rigors of peristaltic pump applications. It is extremely flexible, fatigue resistant, and abrasion resistant, making it a superior alternative to neoprene and rubber tubing. In addition, Parprene™ provides a higher operating temperature (up to 275°F/135°C) and a broader range of chemical compatibility than standard rubber and thermoplastic products. Parker Parprene™ tubing is available in Series G for General Industrial applications and Series F for Food, Beverage and Dairy applications. Both series are currently available in standard sizes ranging from 1/8 O.D. up to 5/8 O.D. (larger sizes available upon request). For more information, download a brochure from the literature tab at www.parker.com/pfd. - * Email

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Book of the day - Rubber Molding Principles  

Friday, February 5, 2016

Akron, OH - Rubber Molding Principles, written by Van Walworth, Date Release: August 2013. ISBN: 978-616-90836-8-9, Hardbound, 150 Pages, Publisher: TechnoBiz Communications Co., Ltd., Book Cost: $89 plus S&H. Book Contents: Chapter 1: Introduction to Rubber Molding; Chapter 2: Rubber Behavior in the Molds; Chapter 3: Rubber Molding Presses; Chapter 4: Compression Molding; Chapter 5: Transfer Molding; Chapter 6: Injection Molding; Chapter 7: Vacuum Molding; Chapter 8: Wasteless/Flashless Molding; Chapter 9: Basic Rubber Mold Design; Chapter 10: Process Troubleshooting; and Chapter 11: Molding Process Selection Guide. Visit RubberWorld's Bookstore to purchase at www.rubberworld.com - * Email

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