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Clariant announces its plans to invest heavily in North America  

Thursday, September 3, 2015

Muttenz, Germany – Clariant provided investors, analysts and journalists important details of the specific challenges and opportunities in North America as well as unique insights into the latest market and technology trends within Clariant's Business Units Catalysis and Oil & Mining Services at Clariant´s Roundtable event in San Francisco on August 25. The commercial relevance of the North American region in general was highlighted by Hariolf Kottmann, CEO of Clariant. He stated: "For Clariant North America is an important growth market. The U.S. provides the single biggest revenue contribution." Currently Clariant delivers sales of around $1.0 billion in North America with approximate 1,800 employees, and has been experiencing year-on-year growth of around 4 percent in the region since 2011. Growth in the company's Catalysts business has been even stronger, at 5 percent per year, while the Oil & Mining Services (OMS) business has shown double digit growth per year. Based on the strength of these businesses, Clariant sales in the first half of 2015 in North America were up by 5 percent. Kottmann envisions continued growth in North America, accelerated by investments in this region. Ken Golder, head of the region North America, described the opportunities this region offers Clariant to contribute to its growth. "As the largest specialty chemicals market in the world, we benefit from favorable pricing and availability of energy and feedstocks, and the industry in general is being revitalized as a consequence of the energy sector expansion," Golder said. The projected GDP growth of 2.8 percent for the U.S. is among the highest of any advanced nation. Economic indicators and forecasts confirm that this strong growth will continue. Clariant is therefore investing heavily in North America. Examples are the new Polypropylene Catalyst Plant in Louisville with an investment of around $100 million and the Houdry Catalysts Expansion with an investment of around $20 million. Providing details on Clariant's Catalysis business, Stefan Heuser; head of BU Catalysts, highlighted the current annual growth rate of this business, which is close to 7 percent. "Approximately 90 percent of all chemical products are manufactured with the help of catalysts," he said. "As chemical production volumes are forecasted to grow significantly, the existing technologies will double energy consumption and greenhouse gas emissions. More efficient innovative catalysts will allow chemical production to grow sustainably." With its comprehensive catalysts portfolio, Clariant is well positioned to capture the opportunities driven by new projects based on shale gas in the US. The company has the most extensive portfolio among major peers for shale gas driven growth in the U.S. with leading market positions on catalysts for propane dehydrogenation, steam cracker/selective hydrogenation, methanol and ammonia production. Clariant is also investing heavily in catalysts R&D, with a spend of more than 7 % of sales. To develop the most efficient solutions, Clariant is leveraging its position as an independent catalyst supplier to collaborate closely with leading process licensors as well as with customers and academic partners. John Dunne, head of Clariant`s Oil and Mining Services business (OMS), illustrated the importance of the oilfield chemicals market: "The global size of the oilfield chemicals market is expected to grow from $10 billion today to $12 billion by 2020. Over 50 percent of the oilfield chemicals market is located in the North American region," he added. "This is very positive for a company that is positioned such as Clariant, with today's $5.5 billion North American production chemicals market expected to further develop as oil and gas production increases over the mid-term." Therefore in 2014 the OMS business expanded its headquarters and North American R&D laboratories in The Woodlands, Texas. The workforce in North America has significantly expanded since 2014 to provide the skills and levels of service required by the customers. - * Email

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Orion Engineered Carbons names Erik Thiry senior vice president  

Thursday, September 3, 2015

Luxembourg - Orion Engineered Carbons S.A. announced that Erik Thiry has been named senior vice president, Rubber Carbon Black, effective immediately. Thiry has been the senior vice president, Business Development and a member of the executive management team since May 2012. In his former position, Thiry has worked closely with both the Rubber and Specialty Carbon Black business lines. He also has over 15 years of experience in management consulting, including the chemical industry, at a global consulting firm. In this role, Thiry will provide leadership to the business line on a worldwide basis. He will also continue to support the Business Development function for the time being. Thiry holds a master’s degree in business management and mechanical engineering from the University of Kaiserslautern, Germany. - * Email

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McLube

Covestro up and running; former Bayer MaterialScience now legally and economically independent  

Thursday, September 3, 2015

Pittsburgh, PA - One of the world's leading polymer materials suppliers has a new identity. From September 1, 2015, Bayer MaterialScience is operating under the Covestro name. The company is now legally and economically independent, but will remain a 100 percent subsidiary of Bayer AG. Bayer wants to float Covestro on the stock market by mid-2016 at the latest in order to concentrate exclusively on the life sciences businesses. "Independence will enable us to bring our strengths to bear in global competition more quickly, effectively and flexibly," said Covestro CEO Patrick Thomas. Covestro has a new, colorful logo. Its vision is also new: To make the world a brighter place. "We fulfill this vision by inspiring innovation and driving growth through profitable technologies and products that benefit society and reduce environmental impacts," said Thomas. Covestro supplies key industries around the world, such as the automotive, construction and electronics sectors, as well as the furniture, sporting goods and textiles industries. With its products and applications solutions, the company is helping to meet the major challenges of our time, from climate change and resource depletion, increasing mobility and urbanization to population growth and demographic change. Products include raw materials for premium polyurethane foam, which in the form of flexible foam is used primarily in furniture, mattresses and automobile seats; as rigid foam, it serves to insulate buildings and refrigeration equipment. Covestro produces high-performance polycarbonates, which are also very versatile materials for automotive components, roof structures, medical devices and much more. Rounding out the portfolio are specialty chemicals, including raw materials for coatings, adhesives and films. Covestro is managed by a four-member board of management. Members of the Board chaired by CEO Patrick Thomas also include Frank H. Lutz (Finance, Labor Director), Dr. Klaus Schaefer (Production and Technology) and Dr. Markus Steilemann (Innovation). - * Email

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All India Rubber Industries Association calls for export promotion council for rubber products  

Thursday, September 3, 2015

Kochi, India - Pointing to large untapped potential for increasing export of rubber products from India, All India Rubber Industries Association (AIRIA) has asked for the formation of an exclusive export promotion council for rubber products. The export turnover of rubber products from India reached Rs 17500 crore in 2014-15. As much as 30 percent of the rubber products manufactured by MSME rubber sector in India are exported. A rubber products export promotion council (Rubbexil) needs to be formed under the ministry of commerce and industry to have a more focused support to export of rubber products from India, according to AIRIA. Currently, export of rubber products is promoted through chemicals and allied products export promotion council (Capexil) having 17 Chapters. "New missions of the govt. of India including Make-in-India and Skill India can be successful only through a sharper emphasis on labour intensive and widely spread out sectors such as rubber products", said Mohinder Gupta, president AIRIA in a statement. Currently there are around 5,000 MSME rubber units in the country manufacturing over 35,000 different rubber products and providing employment to around 30 lakh people. - * Email

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RPM International board nominates Jenniffer Deckard to replace retiring Joseph Viviano  

Thursday, September 3, 2015

Medina, OH - RPM International Inc. said that a new director nominee, Jenniffer D. Deckard, is included in the company's proxy statement for her election at its annual stockholders' meeting on October 8, 2015. Deckard is president and chief executive officer of Fairmount Santrol, a Chesterland, Ohio-based provider of high performance sand and sand-based products. Fairmount Santrol had $1.36 billion in sales and $170.4 million in net income for its prior fiscal year ended December 31, 2014. Ms. Deckard joined Fairmount Santrol (then known as Fairmount Minerals) in 1994 and shortly thereafter was named chief financial officer, where she focused on the company's capital structure, lender relationships, appreciative culture and employee engagement. She was promoted to president in January 2011 and became chief executive officer in 2013. "We are delighted to have attracted the interest of Jenniffer Deckard as an RPM director. While she currently leads a large New York Stock Exchange company, for most of her career, Fairmount Santrol was a privately held business. Her experience in both the private and public company worlds makes her ideally suited for advising a company like RPM, which, while publicly traded, seeks entrepreneurial private companies in our acquisition program," stated Frank C. Sullivan, RPM chairman and chief executive officer. Deckard would serve on RPM's governance and nominating committee. Deckard will replace Joseph P. Viviano, who is retiring from the RPM board at the annual meeting after serving on the board for 14 years. He retired as vice chairman from Hershey Foods Corporation in 2000, and had previously served as president and chief operating officer for Hershey. "Joe brought perspective on brand leadership, manufacturing and operations to RPM, and he also had the experience of selling a family-owned business to a large corporation, which made him a great asset to our business," Sullivan stated. - * Email

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Steven Falloon joins Omnova as general manager, Performance Materials  

Thursday, September 3, 2015

Beachwood, OH - Omnova Solutions announced that Steven Falloon has joined the company as general manager, Performance Materials. Performance Materials serves Omnova's traditional core chemical markets of paper, carpet, antioxidants, reinforced rubber, tire cord and specialty rubber. Falloon and his team will focus on Omnova's strategic priority of stabilizing its traditional core businesses and driving margin expansion and cash generation, while continuing to provide excellent value to its customers. Falloon joins Omnova from Chemtura Corporation in West Lafayette, IN, where he held several leadership roles since 1999. He most recently served as global industry leader, Building and Construction. Prior roles with Chemtura included general manager, Phosphorus Flame Retardants, Synergists and Fumigants; commercial director, Brominated Flame Retardants; commercial manager, Phosphorus Flame Retardants; and global industry leader, Comfort Foam and Insulation Construction. Previously, Falloon worked as a research chemist with AkzoNobel. - * Email

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