MonTech goes green with 100 percent energy self-sufficiency

Following the initial global pushes for sustainability, MonTech GmbH began implementing its first factory upgrades to incorporate green technologies in 2007. Upgrades began small with solar panels and focusing on sourcing energy only from renewable sources with the goal of eliminating harmful emissions. Further expansions enabled the implementation of geo-thermal energy collection, and intelligent building and manufacturing control systems for energy optimization.

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Biesterfeld and Dow expand strategic partnership for moldable optical silicones

Biesterfeld Spezialchemie and long-term partner Dow have extended their strategic partnership. With immediate effect, Biesterfeld will distribute the well-known moldable optical silicone product range SILASTIC™, serving the industrial, retail and consumer lighting industries. The distribution area includes the DACH region, as well as Northern and Eastern Europe.

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Arburg cancels Technology Days 2021

Arburg is cancelling the Technology Days event it was planning to hold June 7-12. Consultations with official bodies and due consideration of the ramifications of the global coronavirus epidemic that are still clearly evident prompted the decision that was taken last Friday. The so-called ‘Federal Emergency Brake’ applied by the German government has a decisive influence on this situation.

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Polyurethane elastomer market forecast at $22 billion by 2023

Major growth drivers for the polyurethane market are the increasing global population and increase in disposable income per household. The global increase in both these factors affects the automotive, construction and footwear industry, increasing their demand, which in turn directly increases the demand for polyurethanes in their applications.

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Titan International reports first quarter financial results

Net sales for the first quarter of 2021 were $403.5 million, compared to net sales of $341.5 million for the first quarter of 2020, representing a $62.0 million, or 18.2 percent, increase. On a constant currency basis, net sales for the first quarter of 2021 would have been $409.3 million. Net income applicable to common shareholders for the first quarter of 2021 was $13.6 million, equal to income of $0.22 per basic and diluted share, compared to a loss of $25.5 million, equal to a loss of $0.42 per basic and diluted share, in the first quarter of 2020.

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Silicone fabrics market worth $5.5 billion by 2026, growing at a CAGR of 6.8 percent

The silicon coated market is dominated by large players, such as Elkem (U.S.), 3M Company (U.S.), Auburn Manufacturing Inc. (U.S.), Nott Company (U.S.), Mid-Mountain Materials, Inc. (U.S.), Newtex Industries, Inc. (U.S.), Precision Coating & Coated Fabrics (U.S.), Trelleborg AB (Sweden), Compagnie de Saint-Gobain S.A. (France) and Serge Ferrari Group (France). Expansions, acquisitions, joint ventures and new product developments are some of the major strategies adopted by these key players to enhance their positions in the silicon coated fabric market.

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Hillenbrand reports positive second quarter financial results

Revenue of $722 million increased 11 percent compared to the prior year, driven by strong growth within the Molding Technology Solutions segment and COVID-19 related demand at Batesville. Excluding the impact of foreign currency exchange, total revenue increased 8 percent. On a pro forma basis, revenue increased 18 percent year over year, which excludes the Red Valve and ABEL businesses in the Advanced Process Solutions segment and the Cimcool business in the Molding Technology Solutions segment.

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