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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.

Friday, August 7, 2020

Lubrizol Corporation acquires Avid Product Development - click to expand

Michelin X One Line Energy T2 tire launches for the North American line-haul market - click to expand

Titan International reports second quarter decrease in sales - click to expand

Global automotive rubber molding components market forecast at $57 billion by 2026 - click to expand

Yokohama Tire celebrates tenth year as sponsor of the Los Angeles Angels - click to expand

Brenntag opens full-line distribution center in Ohio - click to expand

Thursday, August 6, 2020

Cooper Tire announces 194th consecutive quarterly dividend - click to expand

Latin American & Caribbean Tyre Expo postponed until 2021 - click to expand

Continental expands research and development operations in northeast Indiana - click to expand

Right Lane Industries acquires Belt Concepts from Contitech - click to expand

Apollo Tyres reports record June sales for replacement tires in India - click to expand

Wednesday, August 5, 2020

USTMA projects U.S. tire shipments will decrease to 279.4 million units in 2020 - click to expand

Global liquid silicone rubber market to reach $3.5 billion by 2027 - click to expand

Morgan Polymer Seals designs capless refueling seal for General Motors Cadillac CT6 - click to expand

Davis-Standard markets elastomer solutions at RubberTech China - click to expand

Magna Tyres opens Czech Republic office - click to expand

Bridgestone names Charlie Rule president of Latin America operations - click to expand

Tuesday, August 4, 2020

Sterling Systems & Controls introduces customized system for rubber compounding applications - click to expand

BASF opens distribution center for Colors & Effects brand in Germany - click to expand

Shin-Etsu Chemical develops improved silicone emulsions - click to expand

Global automotive aftermarket forecast at $638 billion by 2027 - click to expand

TBC Corporation donates 200 computers to local schools - click to expand

Cooper Tire reports $6 million loss for second quarter - click to expand

Monday, August 3, 2020

Siempelkamp adds two executives to management team - click to expand

Continental partners with CoxReels to provide hose management solutions - click to expand

Arkema reports second quarter 2020 results - click to expand

Goodyear reports second quarter sales results - click to expand

Electronic adhesives market size projected at $4.9 billion by 2025 - click to expand

ACE Products & Consulting acquires GEOAnalytical - click to expand

Friday, July 31, 2020

Top Glove petitions against U.S. import ban - click to expand

Impressio and MedShape awarded National Science Foundation grant to develop liquid crystal elastomer - click to expand

Orion Engineered Carbons to present at Jefferies Virtual Industrials Conference - click to expand

Dow honored with two awards at 2020 Ringier Technology Innovation Awards - click to expand

Global agricultural tire market projected to reach $15 billion by 2030 - click to expand

Global fluorine silicone rubber market forecast at $232 million by 2027 - click to expand

Market Reports

Global automotive rubber molding components market forecast at $57 billion by 2026 - click to expand

Global Liquid Silicone Rubber Market to Reach $3.5 Billion by 2027 - click to expand

USTMA projects U.S. tire shipments will decrease to 279.4 million units in 2020 - click to expand

Global automotive aftermarket forecast at $638 billion by 2027 - click to expand

International Rubber Studies Group estimates sharp decline in global rubber demand - click to expand

Global agriculture tire market is projected to reach $15 billion by 2030 - click to expand

Global silicone market forecast with a CAGR of 6 percent through 2024 - click to expand

Electronic Adhesives Market size for electronics is projected at $4.9 billion by 2025 - click to expand

Global OTR tire market size is projected to reach $26 billion by 2027 - click to expand

Global fluorine silicone rubber market forecast at $232 million by 2027 - click to expand

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