Toyo Tire Corp. is restructuring the seismic rubber "task force" it established in 2015 in response to a controversy involving non-compliant goods by transferring repair tasks and customer follow-ups to its customer relations and recall departments.
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Freudenberg Sealing Technologies (FST) and packaging giant Tetra Pak have partnered on the development of innovative tubular heat exchanger rubber seals.
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On February 2023, the Association for Rubber Products Manufacturers (ARPM) will provide a two-facility factory tour at Chem-Trend and Freudenberg-NOK Sealing Technologies for the first time. Both US-based groups will open their doors to visitors so they can find out more about how they operate and how they promote sustainability.
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The BluEarth-GT AE51 and BluEarth-FE AE30 tires from the Yokohama Rubber Co., Ltd. have been designated as original equipment (OE) for the new Prius and Prius PHEV from Toyota Motor Corporation, both of which will be available this spring. The new Prius went on sale in Japan and throughout the world in January 2023.
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Technologies for more effectively producing functional nanostructured surfaces will be the main topic of the ninth international conference "Polymer Replication on Nanoscale" (PRN), which will be held in Germany in June 2023.
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The 63rd annual general meeting of the IISRP, scheduled to take place in May 2023 in the United States, has opened registration.
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The International Rubber Studies Group (IIRSG) welcomes The Interprofessional Fund for Research and Extension services in Agriculture (FIRCA) as its latest member. Find out more about what FIRCA is said to be in the report.
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The size of the global carbon black market increased at a CAGR of 8.5% from $16.5 billion in 2022 to $17.91 billion in 2023. The COVID-19 epidemic interrupted the possibilities of a worldwide economic recovery, at least temporarily, although the amount of the carbon black market is anticipated to rise to $23.39 billion in 2027 at a CAGR of 6.9%.
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The National Vendor Interaction program, which RINL conducted for the first time, has given Sellers a beneficial platform to communicate with RINL Management. The initiative has attracted more than 200 merchants from throughout the nation.
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The largest producer of iron ore in India, NMDC, will use Nikhat Zareen, the world boxing champion and gold medallist at the Birmingham 2022 Commonwealth Games, as its brand ambassador.
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The company operates a spinning mill in Tamil Nadu with a capacity of around 4,848 rotors. It manufactures open-ended (OE) yarn, primarily from waste cotton obtained from other spinning mills in the region. Find out what helped the ratings to get reaffirmed.
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Lower demand and the usage of expensive inventory, according to Q3FY23 statistics, decreased Q3 performance by 175 bps YoY. Due to reduced gross margin and higher fixed expenses, EBITDA margins decreased by 272 bps YoY to 16.5%.
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Performance for CEAT's 3QFY23 was stronger than anticipated, driven by a 220bps QoQ increase in gross margin. The RM basket's QoQ decline of almost 4% and the marginal price increase of 0.5% were the main factors in the gross margin growth. As predicted, CEAT recorded adj. PAT of Rs421mn.
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OQ Chemicals increases its ability to produce carboxylic acids. At its German operations, the corporation has engaged in a program to optimize and decongest the supply of precursors. Construction on the structure has already started, and it should be finished by the end of the first quarter of 2023.
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For the 2023 intake, the annual application period for the Mitsui Chemicals Process Technology (MCPT) Study Award has started this month. Students from Singapore Polytechnic, Temasek Polytechnic, and Nanyang Polytechnic who are enrolled full-time will be eligible for this study stipend. The application period will end on February 28, 2023.
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By digitizing the performance of new sustainable automotive-grade polypropylene (PP) compounds, Hexagon's Manufacturing Intelligence division and Sumika Polymer Compounds Europe (SPC Europe), a leading producer of thermoplastic compounds, are enabling engineers to design components that are more recyclable and have a smaller carbon footprint for future vehicles.
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Collaborative research by the Mitsubishi Chemical Group and Mitsui Chemicals has been started to standardize and improve the chemical logistics that support both society and industry. The businesses plan to progressively roll out initiatives under a variety of pertinent themes, with those that can be put into place right away planned to begin this fiscal year.
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Mumbai-based Fineotex Chemical Ltd., a pioneer in speciality chemicals, has an elevated rating. As sales to consumers in the home and hygiene sector are anticipated to lower their working capital cycle over the medium term considerably, the upgrade takes into consideration the improved business risk profile. Although there is little reliance on debt and little usage of bank facilities, the financial risk profile is still favourable.
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On January 30, 2023, pure acrylic emulsion prices were pushed much higher in the Ahmedabad market.

Glyceryl monostearate prices in the Mumbai market registered a fall today.

On January 30, 2022, Petrochem sources reported a fall in Soap noodles prices in the Delhi chemical market.

On Jan 30, 2023, Petrochem sources attributed the sharp fall in refined pine oil prices in the Ahmedabad market to limited product availability.

Anhydrous Hydrofluoric Acid prices were quoted lower in the Ahmedabad chemical market today.

Trichloroethylene prices have witnessed a marginal fall in the Mumbai market today.

Petrochem sources reported a fall in pendimethalin's 30% prices in the Ahmedabad chemical market.