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Global reclaimed rubber market forecast at $6.32 billion by 2025  

Friday, April 28, 2017

London, England - The global reclaimed rubber market is forecast to reach $6.32 billion by 2025, according to Reportbuyer.com. Increasing natural rubber prices, growing environmental concerns on account of waste rubber disposal in rivers, and higher energy efficiency are other key factors driving reclaimed rubber demand across the globe. Burgeoning demand for whole tire reclaim (WTR) is anticipated to drive segment volume demand by 42 percent by 2025. Owing to its versatility, durability, reduced pollution and low processing costs, WTR is expected to witness growth over the forecast period. However, the emergence of innovative elastomer-based products has restricted the full growth potential of this segment. Further key findings from the report suggest: he global reclaim rubber market demand was over 2,900 kilo tons in 2015 and is expected to grow at an estimated CAGR of 10.3 percent from 2016 to 2025. Butyl reclaim occupied a significant portion of the market with over 19 percent of volume share in 2015. EPDM is anticipated to emerge as the fastest-growing product owing to technological advancements that have contributed largely to improved product properties and greater sustainability. Automotive and aircraft tires emerged as the leading and fastest-growing application with 11.1 percent CAGR. Expansion of the global footwear industry has also contributed to growth in the reclaim footwear market, with high consumption in heels, soles and inner linings. Asia Pacific dominated the global reclaim rubber industry owing to huge domestic market, availability of cheap and skilled workforce and rapid industrial development. - * Email

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Cooper Tire operating profits down in first quarter report  

Friday, April 28, 2017

Findlay, OH - Cooper Tire & Rubber Company reported first quarter 2017 net income of $31 million, or diluted earnings per share of $0.57, compared with $59 million, or $1.05 per share, last year. Consolidated unit volume increased 2.9 percent compared with a year ago, led by strong growth in the International segment and Latin America. Net sales decreased 1.0 percent to $643 million. Operating profit decreased by $42 million from the prior year to $49 million, or 7.6 percent of net sales, reflecting a volatile raw material cost and product pricing environment. The company’s raw material index increased 26.5 percent from the first quarter of 2016 and its raw material costs increased by $50 million. There was a $5 million negative volume impact on operating profit driven by a unit volume decrease in North America, a region with a typically higher average profit per tire, which was partially offset by unit volume increases in the other regions. The quarter included multiple unusual items that totaled a net benefit of $12 million. This included a benefit from the reversal of preliminary tariffs on truck and bus radial (TBR) tires which were incurred in 2016, which was partially offset by certain direct expenses related to tornado damage at a leased distribution center and the write-off of certain assets related to the company’s global ERP system implementation. Diluted earnings per share were $0.57 compared with $1.05 per share a year ago. $18 million of company stock was repurchased during the quarter at an average price of $37.63 per share. "As anticipated, the first quarter was impacted by a dramatic increase in raw material costs. For Cooper, which is on the LIFO accounting method in the U.S., increased raw material costs reduced profits by $50 million, which was partially offset by price and mix improvements of $8 million. In addition, U.S. unit sales volume was down as a result of the timing of price increases and aggressive promotional activity by competitors, as well as overall weaker industry sell-out volumes. We incurred higher manufacturing costs in North America as we managed our inventory levels by reducing production. On the positive side, our U.S. TBR volume was up 32 percent, Latin America region unit volume was up nearly 16 percent, and International segment volume was up 31 percent. Combined, global unit volume increased nearly 3 percent year over year, and we generated a 16.6 percent return on invested capital for the trailing four quarters. We believe Cooper is well positioned as we head into the remainder of 2017,” said Cooper's president and chief executive officer, Brad Hughes. "Going into the second quarter, our inventory levels are in good shape and raw material costs have begun to level off. We expect pricing to continue to adjust to the new raw material cost environment and promotional activity to continue. Our U.S. unit volume should improve relative to the industry and we anticipate that our March price increases will deliver more benefit with a full quarter's impact. For the second half of the year, we anticipate that the industry environment will stabilize and that our U.S. unit volume will be in line with the industry, helping Cooper achieve the high end of our 8 to 10 percent operating profit margin range for the full year. We are pleased with the unit volume growth in our International segment and are actively addressing the opportunities we have to improve unit volume in the U.S. With our strong business model, great teams around the world, and our global manufacturing footprint, Cooper remains well positioned to continue to succeed across a wide range of business conditions." - * Email

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McLube

Stuart Croll named winner of 2017 Roy W. Tess Award in Coatings  

Friday, April 28, 2017

Solon, OH - Dr. Stuart Croll of the North Dakota State University, Department of Coatings and Polymeric Materials, will receive the Roy W. Tess Award in Coatings for 2017. The announcement was made by the Officers and the Award Committee of the Division of Polymeric Materials: Science and Engineering (PMSE) of the American Chemical Society. Professor Croll has done research in a wide variety of areas from a polymer physicist’s perspective. He has published over 95 technical papers. He has done major research on internal shrinkage stresses in coatings and the first to demonstrate the connection between coating solidification and the glass transition temperature as controlled by solvent content in the coating and its impact on coating adhesion. He also has studied the drying of latex films proposing that films form packed layers of latex in a fairly sudden transition to a solid film that was subsequently proven and is the accepted morphology of latex film formation. In studies of the molecular dynamics of crosslinked polymers, he showed how they deviate from the statistical theories of ideal network formation (Flory, Stockmayer, etc.). Furthermore he demonstrated that defects arise as an intrinsic part of the random timing and spatial distribution of reactions between the precursor chemicals and may have a significant effect on crosslink density and other properties, depending on the functionality and preparation conditions for the network. In quantitative studies of degradation due to weathering of coatings Prof. Croll developed a stochastic model for deterioration in coating properties that links molecular scale damage to the effect on macroscopic properties such as gloss, toughness etc. via well-known models of physical properties. This approach actually can provide a quantitative estimate of service lifetime. Dr. Croll will receive the Tess Award from Dr. Christopher L. Soles, Chair of the PMSE Division, in August, 2017 during the 254th National Meeting of the American Chemical Society in Washington, D.C. An evening reception in honor of the Tess award recipient and other PMSE and POLY award winners also will be held. The Tess Award is presented annually by the Division of Polymeric Materials: Science and Engineering in recognition of outstanding contributions to coatings science, engineering and technology. It is funded by a grant to the Division from Dr. and Mrs. Roy W. Tess. The purpose of the award is to encourage interest and progress in coatings science technology and engineering and to recognize significant contributions to the field. The Award consists of a plaque and a $3,000 cash prize. - * Email

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Book of the day - Fatigue, Stress and Strain of Rubber Components, by Judson Bauman  

Friday, April 28, 2017

Akron, OH - This book covers the fatigue testing of specimens, curve fitting of equations to the test data, and the use of such equations in life prediction. Topics include the nature of rubber, history of its usage, types of rubber in brief, manufacturing methods, and stress-strain testing and behavior. Also, the text covers the application of finite element analysis to components to determine high stress points that are vulnerable to fatigue failure. By Judson T. Bauman, hardcover, 214 pages, 140 figures, $130.00 plus shipping and handling. Click here to order. - * Email

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