Struktol - A World of Capabilities

News and week in review on rubberworld.com

Scroll down for more news

Click here to subscribe to the daily news

Braskem to be delisted from New York Stock Exchange

  5/16/2019 - New York, NY - The New York Stock Exchange has suspended trading of Braskem's American depository shares and will initiate delisting procedures because the Brazilian petrochemical producer will not be able to file its 2017 annual report with the U.S. Securities and Exchange Commission by an extended deadline this week, Braskem said. "The board of directors and senior management will continue to dedicate significant efforts and resources and are working towards filing the 2017 20-F and our annual report on Form 20-F for the year ended December 31, 2018, as expeditiously as possible, in order to resume trading of the company's ADS on the NYSE," Braskem said in a statement. Braskem's shares will be available to trade over the counter "as soon as possible." A 20-F is an annual report that must be filed by all foreign private issuers with shares traded on U.S. exchanges by certain deadlines. Braskem missed a March deadline and the New York Stock Exchange extended it to May 16. Last week, Pedro Teixeira Carvalho, Braskem's investor relations officer, said during the company's quarterly earnings call that the company was working hard to file the report on time, but could not be sure of meeting the deadline. He said Braskem needed to assess "consistency of the control environment," and a 20-F has an internal controls component that needs review "to make sure that we are reporting directly to the market." The company's 20-F for 2018 meets the requirements, but the 2017 report does not, and it must be filed before Braskem can file the 2018 report. "We'll still be trading on the OTC market, but the process is suspended until the appeal is evaluated and analyzed and decided by the NYSE, which I mean could take some time," Carvalho said. "We have seen a precedent where it took roughly six months for that to happen but as far as I know, there is no established time period for that to happen." If the company files the 20-F while the appeal is under way, Braskem's ADRs would be relisted on the NYSE, he added.

Wednesday, June 3, 2020

Rubber Division, ACS, announces June course and webinar schedule - click to expand

Arkema finalizes divestment of Functional Polyolefins business - click to expand

Engel and Hack Formenbau collaborate against COVID-19 - click to expand

Global automotive tire market forecast with a CAGR of 4.1 percent through 2027 - click to expand

PolymaxTPE announces laboratory line expansion - click to expand

Tuesday, June 2, 2020

GRI puts safety at the fore in Sri Lanka production plants - click to expand

Pirelli introduces Cinturato P7 tire with intelligent compound - click to expand

European all season tire market forecast with a CAGR of 9 percent through 2024 - click to expand

Cooper Tire to restart production at El Salto, Mexico, tire manufacturing facility - click to expand

JK Tyre begins operations in the U.S. as Western Tires, Inc. - click to expand

Orion Engineered Carbons breaks ground on logistics center in Germany - click to expand

Monday, June 1, 2020

Goodyear and Enovos will build two photovoltaic power stations in Luxembourg - click to expand

Active Minerals announces completion of Gordon, GA, facility expansion - click to expand

Thermoplastic and Silicone Elastomers U.S. 2020 Summit takes place virtually - click to expand

Lubrizol presents webinar on Estane thermoplastic polyurethane - click to expand

Yokohama's Virginia tire plant reopens - click to expand

Rubber Division, ACS, 197th Technical Meeting presentations available - click to expand

Friday, May 29, 2020

Global elastomeric coatings market forecast with a CAGR of 15 percent through 2026 - click to expand

Book of the Day: Chemical Resistance Guide for Elastomers IV - click to expand

Swan Chemical named North American distribution partner for Bolder Industries’ BolderBlack - click to expand

CCSi announces expanded capabilities and price matching policy - click to expand

Goodyear blimp returns to Europe - click to expand

Global thermoplastic polyurethane market expected to rise at a steady 6.8 percent CAGR through 2024 - click to expand

Thursday, May 28, 2020

Sibur creates sustainable development committee - click to expand

Global structural adhesives market to surpass $7 billion by 2024 - click to expand

Goodyear to donate the cost equivalency of 100 meals to Feeding America for every tire sold - click to expand

EMT technology available in North America through 2BA North America - click to expand

Disposable medical gloves market size forecast to reach $8.73 billion by 2025 - click to expand

Energy Estate and InfraCo partner to help solve waste tire mountains in Australia and New Zealand - click to expand

Wednesday, May 27, 2020

Borealis discontinues world scale polyethylene project in Kazakhstan - click to expand

Birla Carbon is first carbon black multinational to receive IATF certification across all manufacturing plants - click to expand

Huntsman brands spray polyurethane foam business as Huntsman Building Solutions - click to expand

Ashland board declares quarterly dividend - click to expand

Bridgestone announces release of Firestone FD692 drive tire - click to expand

Global sealants market projected to grow by $4.9 billion - click to expand

Market Reports

Aircraft interior elastomers market forecast at $45.5 million in 2025 - click to expand

Global automotive tire market forecast with a CAGR of 4.1 percent through 2027 - click to expand

European all-season tire market forecast with a CAGR of 9 percent through 2024 - click to expand

Global elastomeric coatings market forecast with a CAGR of 15 percent through 2026 - click to expand

Disposable Medical Gloves Market size is forecast to reach $8.73 billion by 2025 - click to expand

Global thermoplastics polyurethane market is expected to rise at a steady 6.8% CAGR through 2024 - click to expand

Global structural adhesives market to surpass $7 billion by 2024 - click to expand

Sealants market worldwide is projected to grow by $4.9 billion - click to expand

Global silicone market is estimated to register a CAGR of 5.65 percent through 2023 - click to expand

Medical glove market forecast with a CAGR of 15 percent through 2025 - click to expand

Subscribe to daily news

Sign up for Daily News Email Update

RubberWorld will now notify you with an email when we update our daily news. Simply enter you email address in the boxes below and click the send button*, and you'll know the news as soon as we do!

email

email (confirm)

Type RUBBER in this field (prove you're human) in CAPS


* be sure to click the send button

By submitting your email address to RubberWorld you agree to allow Rubber World to send you daily email notifications relating to news in the rubber industry. See our privacy terms for more details