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Trinseo announces $100 million share repurchase program  

Friday, June 24, 2016

Berwyn, PA - Trinseo, a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, announced that its board of directors authorized the repurchase of up to $100 million of the company’s ordinary shares. Trinseo’s previous share repurchase program was completed in the second quarter of 2016 with the repurchase of about 752,000 shares through open market purchases. Trinseo President and CEO Chris Pappas stated, "This share repurchase program underscores our confidence in the company's business portfolio and cash generation. Given the confidence in our outlook, this program represents both an effective use of our capital as well as an efficient way to return capital to our shareholders." Under the program, shares may be repurchased periodically in open market transactions at prevailing market prices in accordance with federal securities laws. The actual timing, number and value of shares repurchased under the program will be determined by management at its discretion and will depend on a number of factors, including the market price of Trinseo’s ordinary shares, general market and economic conditions, applicable legal requirements, and other business considerations. Repurchased shares will become treasury shares and may be utilized for general corporate purposes, including reissuance pursuant to Trinseo’s equity-based incentive plan, unless subsequently retired in whole or in part at a meeting of our shareholders. The share repurchase program does not obligate the Company to acquire any particular amount of its ordinary shares, and it may be suspended or terminated at any time in the company’s discretion. - * Email

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Battenfeld-Cincinnati group has new owner  

Friday, June 24, 2016

Bad Oeynhausen, Germany - On June 22, 2016, the contract confirming the transfer of all shares of the Battenfeld-Cincinnati group to Industrie Holding Nimbus was signed. With the takeover, the Battenfeld-Cincinnati group will receive new financial resources and equity capital will be strengthened in a sustainable manner. The parties have agreed not to disclose details of the purchase price. "After our successful organizational restructuring in the middle of last year, we can now focus on further product developments and investments that will strengthen and expand our market leadership with Nimbus' support," says Gerold Schley, CEO of the Battenfeld-Cincinnati group. "We are delighted to have a new investor in Nimbus that will actively support and advance the new developments and growth plans of the Battenfeld-Cincinnati group." Ed van Dijk, Nimbus, is also looking forward to the cooperation, "Nimbus invests in companies that have a healthy core. At Battenfeld-Cincinnati this core is the technical know-how and the quality of the team, whether we are in Europe, Asia or America." Kaj Grichnik, Nimbus, adds, "We were sure we wanted to work together with Battenfeld-Cincinnati from day one." Battenfeld-Cincinnati will already present some new developments in the area of pipe, profile and thermoforming sheet extrusion at the K show in Dusseldorf in October in hall 16, booth B19. - * Email

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McLube

FIA and Pirelli form four-year agreement in support of the FIA action for road safety campaign  

Friday, June 24, 2016

Milan, Italy - The FIA and Pirelli have signed a new four-year agreement in support of the FIA’s Action for Road Safety campaign. One of the primary goals of the campaign, launched in support of the UN Decade of Action for Road Safety 2011-2020, is to educate and better inform road users on the importance of respecting the rules of the road. According to the World Health Organization, road crashes are today the number one killer worldwide of people aged between 15 and 29. As a Global Partner of the campaign, Pirelli will promote the FIA’s ’10 Golden Rules’ for road safety through all of its networks. Pirelli will also organize training programs, as well as projects to raise awareness on safe driving, in collaboration with a selection of FIA Member Clubs. During the 2016 FIA Sport Conference in Turin, Pirelli CEO Marco Tronchetti Provera said: “Safety has always been one of Pirelli’s primary objectives. As well as being the maximum expression of high technology and performance, guaranteeing total driving pleasure, our tires constantly strive to achieve the highest levels of safety, both for people and the environment.” FIA President Jean Todt said: “I am delighted that Pirelli have agreed to support the FIA Action for Road Safety campaign. Working together with our member clubs, this partnership can help spread the road safety message and the importance of respecting other road users to an even wider audience.” The existing partnership between the FIA and Pirelli relating to the FIA Mobility Conferences and FIA Sport Conferences has also been extended. - * Email

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Book of the Day - Resistance and Stability of Polymers  

Friday, June 24, 2016

Akron, OH - A new book is offered in the Rubber World book store: Resistance and Stability of Polymers. The stability and resistance of polymeric materials determine whether they can be utilized in a given application. Authoritative and reliable material information is needed during the material selection process, and this information must consider the influences of material manufacturing, compounding and stabilization, processing, part design, use and subsequent disposal/recycling. This book is based on a review of more than 1,200 literature sources and represents a comprehensive overview of the current know-how regarding the stability and resistance of thermoplastics, thermosets and elastomers, as well as the most commonly used reinforcements and additives. Extensive tables document material resistance to given media, facilitating appropriate material selection or stabilization for a given application. Volume 1 covers principles of aging, testing methods, stabilization, processing, applications, mechanical behavior of fiber reinforced plastics. Volume 2 covers plastics, rubbers and their acronyms. Other abbreviations, tables of chemical resistance, a bibliography and an index are included. Author: Gottfried Ehrenstrein and Sonja Pongratz; ISBN: 978-1-56990-456-5; two volumes, 1,436 pages; 2013, hardcover; $499.95 USD + SH. Visit http://www.rubberworld.com/RWbookstore.asp for more information. - * Email

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Babies born in Akron during NBA finals get free tires  

Friday, June 24, 2016

Akron, OH - According to a report in the Cleveland Plain Dealer, "More than 300 babies born in Akron during the NBA Finals got a free set of Goodyear tires, a car seat and an "AkronBorn" onesie to celebrate LeBron James and Steph Curry, both born in the Rubber City. Akron-based Goodyear Tire and Rubber announced the promotion June 2, as James' Cleveland Cavs battled Curry and the Golden State Warriors. Cleveland Clinic Akron General Hospital and Summa Akron City Hospital together welcomed 323 Akron-born babies. Both players were born in Akron City Hospital: James, who grew up in Akron and played for St. Vincent-St. Mary High School, in 1984, and Curry four years later, while his father was playing for the Cavs. "Akron is a special place and Goodyear wants to celebrate the great things that are born here," Seth Klugherz, Goodyear's director of North America marketing, said in announcing the promotion. "The support we have received from our community partners truly represents the foundation of this program and we are excited to recognize this in an impactful way that will produce delightful moments for some deserving families." Here's the breakdown: Summa Akron City Hospital: 82 boys, 82 girls. Cleveland Clinic Akron General: 90 boys, 69 girls. Time will tell if one is the next generation's basketball superstar." - * Email

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