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Global demand for rubber processing chemicals is forecast to increase 4.4 percent per year through 2020  

Wednesday, July 27, 2016

Cleveland, OH - Global demand for rubber processing chemicals is forecast to increase 4.4 percent per year through 2020 to 1.5 million metric tons. Growth will be driven by rising rubber consumption and the increasing rubber processing chemical loadings necessary to manufacture premium tires, high performance automotive and industrial goods, and a range of other products where expectations of quality and long service lives are increasing over time. Advances will be strongest in the developing countries of the Asia/Pacific region, but improving conditions in the mature markets of the U.S., western Europe and Japan will also contribute significantly to growth. These and other trends are presented in World Rubber Processing Chemicals, a new study from The Freedonia Group, a Cleveland-based industry research firm. While rubber processing chemical demand will increase faster than rubber consumption, demand for these chemicals will remain tightly correlated with rubber consumption within individual countries. As such, broad trends that influence demand for rubber used in tires and industrial products will have a strong impact on rubber processing chemicals. According to analyst Jason Carnovale, "Rising motor vehicle ownership rates in developing nations will support local tire production, necessitating additional consumption of processing chemicals." Non-tire rubber chemical demand will also benefit from a healthy outlook for world motor vehicle production, as well as continuing industrialization in the developing world. The potential for an economic slowdown in China is a significant concern for the rubber processing chemical industry. Rubber demand growth in China has already decelerated in recent years as the country faces challenges related to its real estate and financial markets. However, the Chinese market is expected to remain healthy through 2020 as motor vehicle production remains strong, and the country is forecast to contribute nearly half of incremental global demand growth. Both Japan and western Europe are expected to see a reversal from declines in rubber processing chemical demand experienced between 2010 and 2015, while U.S. demand accelerates due to improving market conditions. However, advances in all three of these industrialized areas are projected to remain well below the world average through 2020, reflecting market maturity and limited opportunities for additional rubber consumption or increases in processing chemical loadings. - * Email

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Glacial Lakes Rubber & Plastics celebrates grand opening of new manufacturing facility  

Wednesday, July 27, 2016

Watertown, SD - At the invitation of Glacial Lakes Rubber & Plastics CEO Robb Peterson and Vibram USA CEO Mike Gionfriddo, Senator John Thune (R-SD), Senator Mike Rounds (R-SD), and Representative Kristi Noem (R-SD) will join the employees of GLRP and Vibram USA in Watertown to celebrate the grand opening of GLRP's new state-of-the-art manufacturing facility. GLRP partnered with Vibram USA in 2014 and has quickly grown to require a new, larger, more functional facility. This important milestone is being marked by the participation of the full South Dakota Congressional delegation in the ribbon cutting at the new plant. Vibram USA designs, develops and manufactures soling for high performance consumer and military-specific footwear and is the largest supplier of high-quality footwear soling to the U.S. Department of Defense. The Glacial Lakes Rubber & Plastics plant features multi-line capability with the ability to manufacture a broad spectrum of Vibram products, ranging from soling for high-performance athletic shoes to combat boots for the Army, Navy, Air Force, Marine Corps and Special Operations Forces. In addition, GLRP also produces products for the automotive, industrial, and agriculture markets with a variety of molding technologies. GLRP's new facility in Watertown adds 300 percent more square footage than their previous location and doubles the capacity for soling presses. The company has also made a significant investment in new IT technology to support the company's continued growth and expansion in South Dakota and added a full state of the art materials laboratory with materials testing and measuring capabilities. Most importantly, GLRP has already added a dozen new employees to support their expanded manufacturing capabilities. The South Dakota Congressional Delegation will recognize the unique importance of GLRP's new manufacturing plant by participating in the ribbon-cutting event. During the event, Senator Thune, Senator Rounds and Rep. Noem will tour the facility and meet with employees to learn more about the important work GLRP is doing to provide high-quality footwear components to the U.S. military. Senator Thune said, "The fact that GLRP and Vibram USA quickly outgrew their previous facility is a testament to just how successful their partnership has become. This expansion is good news for the two companies, all of the employees who've helped make this happen, and most importantly, the men and women in uniform who will benefit from all of this hard work. It's pretty special to know that the work these companies are doing here in Watertown can help our troops complete their mission around the world with quality, American-made products. I congratulate GLRP and Vibram USA on a job well done, and am excited to see what they do next." Senator Rounds said, "I am pleased to participate in the grand opening of the new Vibram USA and Glacial Lakes Rubber & Plastics facility as they continue to grow their businesses and bring jobs to South Dakota. Businesses like these are the backbone of our economy and I'm pleased to see them thriving in South Dakota. I thank Vibram USA and Glacial Lakes Rubber & Plastics for their commitment to our state and to the men and women of our armed forces, for whom they supply quality rubber soling for military footwear." "This expansion speaks volumes about the people of Watertown and the incredible and dedicated workforce you can find in this community," said Rep. Noem. "Here in this facility, hardworking men and women will have the opportunity to create something incredible. From the soles that will take a marathoner over the finish line or a soldier over the mountains of Afghanistan, to the bumpers, seals and gaskets needed for our cars, trucks and agricultural equipment, consumers can see the Made in America stamp and have confidence that the best workforce stands behind the work." Vibram USA CEO Mike Gionfriddo said, "Vibram USA is pleased to support the continued growth and expansion of Glacial Lakes Rubber & Plastics. The partnership between our two companies ensures that Vibram's military and commercial customers will have the capacity and quality needed to sustain the growing demand for high-performance Vibram rubber soles. The South Dakota workforce has consistently demonstrated their commitment to the quality manufacturing necessary to meet the high standards set by the Vibram brand and we are looking forward to continuing to invest in our partnership with Glacial Lakes. " Glacial Lakes Rubber & Plastics president and CEO, Robb Peterson, commented, "We are pleased to welcome Senator Thune, Senator Rounds and Congresswoman Noem to our new facility. Their attendance and participation in this ribbon-cutting event demonstrates the importance of manufacturing and job creation in Watertown and throughout South Dakota. Glacial Lakes is pleased to continue our partnership with Vibram USA to manufacture the highest quality rubber soling for our armed service members. Our growth is a result of our strong business partnership and I look forward to maintaining our relationship." - * Email

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Shin Etsu Silicones of America introduces a new optically clear silicone liquid injection molding material  

Wednesday, July 27, 2016

Akron, OH - Shin Etsu Silicones of America has announced the KE-2062 series of 70 durometer A, optically clear, silicone liquid injection molding (LIMS) materials. The KE-2062-70 LIMS material was utilized to mold an entire magnifying glass, including two key surfaces: the textured, embossed handle and bezel, and the diamond polished lens. The differing surface textures gave the appearance of a two-component part with the simplicity of a single material. It features a wide operating temperature range, transparency and flexibility. The material was designed as an innovative response to meet the increasing thermal requirements for high-brightness LED optical lenses. - * Email

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Silicone market estimated to reach $21 billion by 2020, expanding at 5.5 percent CAGR  

Wednesday, July 27, 2016

Deerfield Beach, FL - Zion Research has published a new report titled, "Silicone (Resins, Elastomers, Gels, Fluids and Other) Market for Chemical Industry, Plastics, Paper, Building and Construction, Automotive and Transportation, Aviation and Aerospace, Textile, Medical and Personal Care, Electrical and Electronics and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021." According to the report, global demand for the silicone market was valued at over $15.3 billion in 2015, is expected to reach around $21 billion in 2021, and is anticipated to grow at a CAGR of slightly above 5.5 percent between 2016 and 2021. Growing demand for silicone from the building and construction sector drives the silicone market. Different manufacturing practices are done for production of silicone due to huge availability of resources. Expanding end user applications owing to widespread properties is expected to accelerate the growth of the market. Heat, water and radiation are the major driving properties for the silicone market. However, silicone market growth is restricted, owing to the escalating price of methyl chloride and silicone which are raw materials for the production of silicone. Research and development for new product development and increasing demand from promising economies is estimated to propel market growth over the years to come. Some of the major types of silicone are resins, elastomers, gels, fluids and others. Elastomers represent a dominating segment due to the high use of elastomers in building and construction. Silicone elastomers provide protective glaze, and high adhesion and strength for skyscrapers. Silicone has an infinite number of applications in several industries, including the chemical industry, plastics, paper, building and construction, automotive and transportation, textile, medical and personal care, electrical and electronics, and others. Building and construction is the foremost segment, owing to adoption of silicone as adhesives, sealants and in coatings. The chemical industries are likely grow at the fastest pace over the next few years. Out of total silicone consumption, Asia-Pacific dominated the silicone market in 2013. Asia-Pacific dominated the market with 50 percent of silicone consumption globally in 2013. China is the leader among Asian countries, owing to the enormous number of consumers. Europe and the U.S. are expected to witness decent growth within the forecast period due to the huge stake in silicone development. Latin America and Middle East show slow growth in the silicone market in the coming years. ICM Products, Bluestar Silicones, 3M Company, Ashland Inc., Chase Corporation, Evonik Industries AG, Saint-Gobain, The Sherwin-Williams Company, KCC Corporation and Gelest Inc., among others, are the leading players in the silicone market. Some of the prominent vendors in this market space are Wacker Chemie AG, The Dow Corning Corporation, Shin-Etsu Chemical Company, Rogers Corporation, Momentive Performance Materials Inc., Kaneka Corporation, Jiangsu Hongda New Material Co. Ltd., Emerald Performance Materials LLC, Arkema SA, BASF SE, Zhejiang Xinan Chemical Industry Group Co. Ltd., Specialty Silicone Products Inc., Nusil Technology and Jiangxi Xing Huo Organic Silicone Factory. - * Email

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Goodyear receives Secretary of Defense Freedom Award  

Wednesday, July 27, 2016

Akron, OH - The Goodyear Tire & Rubber Company has been named a recipient of the 2016 Secretary of Defense Employer Support Freedom Award, the nation’s highest honor given to employers for exceptional support of Guard and Reserve employees. Goodyear was one of 15 companies across the United States recognized and selected from more than 2,400 nominations submitted by guardsmen and reservists. Goodyear is the first company in the tire industry to receive the award, which was created in 1996. “The extraordinary support Goodyear provides contributes greatly to the readiness and resilience of our guardsmen and reservists,” said Defense Secretary Ash Carter. “Their support allows those troops to serve our nation at home and abroad knowing their civilian careers are secure, and is vitally important to the success of our national security strategy.” Goodyear was recognized for the honor based on its strong military support including: The company hired 1,000 Guard, Reserve and veteran employees from 2011-2014 and renewed that commitment in 2015; Goodyear supports members of the U.S. Armed Forces and families through its annual “Support Our Troops” campaign, which has generated more than $1 million over the past six years; and Goodyear’s executive leadership supports the company’s military employee resource group, which advises on hiring initiatives and mentors new Guard and Reserve employees, and provides community and company networking assistance. “On behalf of the 1,400 Goodyear associates who are either U.S. military veterans or reservists, we proudly accept the Freedom Award,” said Steve McClellan, president, Goodyear Americas. “We take enormous pride in our century of commitment to those who serve, through our iconic blimp program, our charitable giving and our position as the largest tire producer for the U.S. military.” Goodyear has more than 100 years of history building innovative tires and equipment to help support and protect U.S. troops and is the largest producer of military tires in the country. The tire manufacturer has helped build more than 150 blimps for the U.S. Navy and customizes its iconic Goodyear Eagle race tires annually to display a Support Our Troops message during NASCAR races in Charlotte, NC. In June, Goodyear introduced a new military promotion in conjunction with Walmart. The company’s donation of $100,000 to the Support Our Troops organization, a nonprofit nationwide organization that works to bolster the morale and well-being of America’s troops and their families, complemented by a consumer component, will allow consumers to show their support to military members through contributions and nominations. More details can be found at https://corporate.goodyear.com/en-US/media/news/goodyear-and-walmart-collaborate-to-support-troops.html. In past years, Goodyear has received the Pro Patria and Above And Beyond Awards, two similarly-judged awards from the Employer Support of the Guard and Reserve, and was recently recognized as a Military Friendly Employer by G.I. Jobs magazine for its leadership in hiring and supporting veterans. For more information on the 2016 Freedom Award program, visit www.freedomaward.mil. For more information on ESGR, visit www.esgr.mil. Goodyear and the other recipients will be honored in an August 26 ceremony at the Pentagon. - * Email

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