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Mitsubishi Chemical to acquire the TPU business of AdvanSource Biomaterials

  12/3/2019 - Tokyo, Japan - Mitsubishi Chemical Corporation announced that it will acquire the thermoplastic polyurethane elastomer (TPU) business of U.S.-based AdvanSource Biomaterials Corporation. Through Mitsubishi Chemical Performance Polymers, Inc., an MCC subsidiary engaged in the performance polymers business in the U.S., MCC plans to complete the acquisition in January 2020. ASB has a premium TPU business in the U.S., and its products are used mainly for medical devices such as cardiovascular catheters. Their share in the U.S. market has been expanding over years. TPU’s characteristics, such as biocompatibility, antimicrobial properties and flexibility, make this product indispensable in the use and applications such as cardiovascular catheters and other devices designed for body insertion. The TPU market for medical devices is expected to achieve high growth in the future on the back of an aging population, the need to reduce the burden on patients’ bodies, technological innovation in medical devices, and so on. MCC’s performance polymers business has expanded all over the world through mergers and acquisitions and other measures, and currently provides various types of elastomer solutions. It will further expand its product portfolio to TPU technologies through this acquisition, as well as accelerate market development of existing business by acquiring material certifications and sales channels in the U.S. medical device market. MCC continually takes a proactive stance in the development of its business in this growth market to enhance the performance polymers.

Monday, December 9, 2019

Dunlop Sport Maxx tires are factory standard on Subaru S209 - click to expand

Wacker launches two anti-misting silicone release coatings for high-speed coaters - click to expand

Denray Tire will join Michelin Retread Technologies - click to expand

Bridgestone plans to create Bridgestone Innovation Park in Kodaira, Japan - click to expand

Global nitrile butadiene rubber (NBR) latex market forecast with a CAGR of 15.4 percent - click to expand

Friday, December 6, 2019

Automotive tubeless tire market forecast at $196 billion by 2024 - click to expand

Book of the Day: USA Rubber & Tire Industry Patents 2015-2017 - click to expand

Star Thermoplastic Alloys & Rubbers elevates Steve Samluk and Dr. Krishna Venkataswamy to key executive roles - click to expand

Yokohama Tire's 712L long haul drive tire now meets severe snow service standard - click to expand

Trinseo elects Beach Lin and Tomkins to its board of directors - click to expand

Thursday, December 5, 2019

U.S. Silica announces price increase on industrial and specialty products - click to expand

Goodyear begins intelligent tire pilot program with European fleets - click to expand

IISRP to honor synthetic rubber industry leader Dr. Gary Marsh - click to expand

November forecast shows U.S. tire shipments expected to increase in 2019 - click to expand

Continental launches agriculture tire app for end customers and dealers - click to expand

Wednesday, December 4, 2019

USTMA urges nationwide action to grow and develop sustainable, circular scrap tire market - click to expand

Chemical deflasher market forecast with a CAGR of 4.2 percent through 2027 - click to expand

International Rubber Study Group issues call for papers for rubber-related economic research - click to expand

ARPM to serve as U.S. technical advisor to ISO TC 45/SC 1 - click to expand

Rubber Division, ACS announces 2020 training course schedule - click to expand

Tuesday, December 3, 2019

Cooper Tire and Sailun Vietnam celebrate first tire at joint venture plant - click to expand

Trelleborg finalizes acquisition of U.S.-based Tritec Seal - click to expand

Mitsubishi Chemical to acquire the TPU business of AdvanSource Biomaterials - click to expand

Evonik focuses on additives for plastics and rubber recycling - click to expand

Liquid silicone rubber market forecast with a CAGR of 9 percent through 2025 - click to expand

Apollo Tyres enters Saudi Arabia through cooperation with Al-Jomaih Tyres - click to expand

Monday, December 2, 2019

Birla Carbon and CHASM Advanced Materials enter joint development agreement to develop Nanotube Enhanced Carbons - click to expand

Michelin X Line Energy D+ tire now available to replacement market - click to expand

BASF officially launched its smart Verbund project in China - click to expand

Fort Wayne Rubber & Plastics Group announces Casino Night holiday party - click to expand

Market Reports

Global plasticizers market forecast at $16.7 billion by 2024 - click to expand

Specialty hose market forecast to reach $2.3 billion by 2025 - click to expand

Global nitrile butadiene rubber (NBR) latex market forecast with a CAGR of 15.4% - click to expand

Automotive tubeless tire market forecast at $196 billion by 2024 - click to expand

November forecast shows U.S. tire shipments expected to increase in 2019 - click to expand

Liquid silicone rubber market forecast with a CAGR of 9% through 2025 - click to expand

Chemical deflasher market forecast with a CAGR of 4.2% through 2027 - click to expand

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