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Zinc Oxide LLC acquires Zochem to become the largest producer of zinc oxide in North America  

Tuesday, October 17, 2017

Dickson, TN - Zinc Oxide LLC has announced the acquisition of Zochem, a subsidiary of American Zinc Recycling LLC. With this acquisition, the combined company becomes the largest producer of zinc oxide in North America. Headquarters will reside at the Zinc Oxide LLC Dickson, TN, facility. In 2017, the combined companies will generate sales of approximately $250 million, and are approved suppliers at 88 percent of the total North American zinc oxide market volume. Founded in 1933, Zochem has been located in Brampton, Ontario since 1974 Led by a team of industry veterans, Zinc Oxide LLC began in 2013 and has rapidly established itself as a major player in the market. The acquisition includes all of Zochem’s manufacturing operations and product lines. Both the Brampton and Dickson facilities will continue to manufacture with the French Process method exclusively, as this method produces zinc oxide with the most consistent quality and highest purity. Zochem’s extensive domestic and global distribution network will also remain in place. Russ Robinson, CEO of Zinc Oxide LLC, commented that, “The combination of Zinc Oxide LLC and Zochem has been a long-term goal of our ownership and management. Our team has long admired Zochem for its market breadth, operations and management capabilities.” According to senior vice president of sales and marketing, Ed Smith, Zinc Oxide LLC, “The acquisition of Zochem demonstrates our commitment to being the leading zinc oxide supplier in North America. This move will benefit customers by ensuring a stable source for any grade of the highest-quality zinc oxide. In addition, many customers will benefit from reduced shipping costs and transit times, as approximately 80 percent of the North American zinc oxide market is within a 500 mile radius of our two plants.” Smith continued, “Our team is very charged up about working with our new colleagues at Zochem. The combination of personnel, expanded sales network and facilities gives us the best of the best. With our added depth of capabilities and global reach, the new company has tremendous growth opportunities.” The combined company will continue to supply zinc oxide to the tire, rubber, chemical, electronics, agricultural, plastics, USP/pharma, ceramics markets, and more. KeyBanc Capital Markets served as an advisor to Zinc Oxide LLC on this transaction. - * Email

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Kobelco says steel and machinery not part of fake inspections scandal  

Tuesday, October 17, 2017

Tokyo, Japan - Platts reports, "Kobe Steel's (Kobelco) falsification of inspection certificates does not extend to steel and machinery products, company president Hiroya Kawasaki said Thursday. The company earlier this week admitted falsifying inspection certificates for aluminum and copper products supplied to around 200 companies and for iron powder supplied by its affiliate Kobelco Research Institute to 70 companies. It is currently conducting an internal survey across its six manufacturing divisions, including iron and steel, welding, aluminum and copper, machinery, engineering, construction machinery and electric power, and overseas plants and offices after discovering in August that aluminum and copper products inspection data had been falsified. "There is no report of improper conduct from the steel and machinery divisions," Kawasaki told reporters after meeting with a senior Ministry of Economy, Trade and Industry official. However, he did not rule out the possibility of more fraud cases emerging as the internal investigation continues. Kawasaki met with Akihiro Tada, director general of METI's Manufacturing Industries Bureau, to report on the measures taken after Kobe Steel reported to the government on September 28 that its aluminum and copper inspection data had been falsified. The iron and steel division is the core of Kobe Steel, accounting for 37 percent of the company's consolidated sales. Its machinery and construction machinery divisions account for 9 percent and 18 percent, respectively. Kawasaki said Kobe Steel's internal investigation into the data fraud was ongoing and there were no plans to set up a third party investigation team. Kobe Steel has a compliance committee chaired by Kawasaki comprising division directors and lawyers, as well as a compliance unit in its legal department that is responsible for the entire company. The manufacturing divisions do not have compliance units, but each has its own quality control team. Kawasaki said Tada had urged Kobe Steel to complete its internal probe on product safety within two weeks and to identify causes and introduce preventive measures by mid-November. Another METI official told S&P Global Platts that the ministry had confirmed with Kobe Steel and its customers that the aluminum products shipped with falsified data were safe on vehicles. "Kobe Steel as well as automotive manufacturers reported [to the ministry] that there is no problem with strength of aluminum components," Takaaki Sashida, deputy coordinator for metal industries, told Platts. - * Email

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Cambodia's rubber exports rise 33 percent  

Tuesday, October 17, 2017

Phnom Penh, Cambodia - The Khmer Times reports, "Cambodia’s rubber exports to the international market saw an increase of 33 percent in the first nine months of 2017, while the average price for the commodity went up 53 percent, compared with the same period last year. From January to September 2017, Cambodia harvested 115,843 metric tons of rubber, of which 114,991 were exported, earning some $192 million. Meanwhile, the average price of rubber reached $1,672 per metric ton, an increase of $578, or 53 percent, compared with the same period last year, according to the latest report from the Ministry of Agriculture, Forestry and Fisheries. The same report states 432,096 hectares in the kingdom are used as rubber plantations, of which 163,130, or 37.77 percent, are already harvestable. Cambodia exports the commodity to China, Vietnam, Singapore and Malaysia. In 2016, Cambodia exported about 140,000 metric tons of rubber, earning nearly $180 million. Pol Sopha, the director general of the ministry’s general directorate of rubber, said plantations had been harvesting a large amount of rubber and he added he was optimistic about the expansion of the industry. Lim Heng, vice president of An Mady Group Co., called on the government earlier this year to consider reducing tax on rubber exports to boost domestic investment. “The rubber price is currently positive and stable because it is related to oil prices,” Heng said. “But we want the government to consider reducing tax for rubber exports when the global price goes down, to help local investment and local companies compete with others in the market.” While trying to expand into international markets, especially China, which is the world’s biggest rubber importer, the government is also working to establish domestic factories for rubber products to create jobs, Sopha added. China wants to import 300,000 metric tons of rubber from Cambodia by early next year, as the government works on boosting the country’s rubber output. - * Email

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Lanxess announces price increase for brominated flame retardants  

Tuesday, October 17, 2017

Cologne, Germany – The Additives business unit of specialty chemicals company Lanxess globally increased the prices for its polydibromostyrene products (PDBS) and its branded decadibromophenyl ethane (DPDPE) flame retardant, Firemaster 2100R, up to 15 percent for each product, effective November 1, 2017. The PDBS brominated flame retardant is mainly used in electronics products and electrical plug connectors, the housings of which are made of polyamide plastic. Firemaster 2100R is a versatile brominated flame retardant used in a variety of applications, plastics and resins like wire/cable insulation and specialty fabric coatings. - * Email

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Apollo Tyres furthers its brand presence with English Premiere League sponsorships  

Tuesday, October 17, 2017

Gurgaon, India - Football is helping Apollo Tyres score with its consumers across geographies. The tire major’s association with Manchester United Football Club and recently, with Crystal Palace Football Club, as their Official Tyre Partner, has provided the impetus for the company’s global growth journey. As per a third party research, Apollo Tyres has reached out to over a billion viewers across geographies in the last season alone. In the just started season, Apollo Tyres has notched up its visibility, by making the brand visible in over 50 percent of all English Premiere League matches, thereby furthering its brand presence around the world. In Germany, the largest European tire market, Apollo Tyres continues to have its presence felt in the Bundesliga, with its association with Borussia Monchengladbach, one of the oldest and well-known German clubs playing in this league. Several campaigns have been created by Apollo Tyres to engage with the youth and the football fans world over. The company is also one of the very few to use Augmented Reality platform effectively to engage with the football enthusiasts. Taking the association with Manchester United to the next level, Apollo launched the special edition dual branded, Apollo and Manchester Utnited, tires for the football fans in the United Kingdom, Thailand, India and the Middle East region. Marco Paracciani, cief retail and marketing officer, Apollo Tyres Ltd., said. “We continue to focus on driving our growth agenda and football remains a key element of that strategy. Its wide following and fast adoption, also in India, has helped us tremendously in increasing Apollo Tyres’ visibility globally.” - * Email

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