News from Notch Consulting, Inc.

August 27, 2014

Cancarb adds thermal black distributor in Turkey

Filed under: Uncategorized — Notch @ 4:24 pm

Cancarb Limited announced today that it has appointed Özzsahin Sun’Í Kösele Sanayi Ve Ticaret A.S. as its Turkish distributor of Thermax® medium thermal carbon blacks effective September 1, 2014. Previously Cancarb’s Turkish distributor for more than 25 years was Teknik Servis, owned and operated by semi-retiring co-founders Tugrul Sirel and Metin Tüfekcioglu. “Ozsahin brings to the table over 70 years of experience in the rubber industry,” said Dave Petrie, President of Cancarb. “This wealth of knowledge coupled with the support of key personnel from Cancarb’s previous distributor Teknik Servis Ltd. will assure a smooth transition and allow us to continue to provide the premium customer experience to which our customers are accustomed.”

Here is the press release.

In April 2014, Japanese carbon black company Tokai Carbon completed an acquisition of Cancarb Limited.

August 26, 2014

WSJ: Majority of teens say they don’t know how to change a tire

Filed under: Run-flats, Tires — Notch @ 11:48 am

The Wall Street Journal (subscription required) reports survey results indicating that the majority of teens do not know how to change a tire, let alone basic tire maintenance.

A new survey, released Tuesday, finds 52% of U.S. teens ranging from 15 to 17 years old don’t know how to replace a tire. A total of 44% don’t know how to examine the tire tread depth and 32% can’t figure out how to check tire pressure.

Notch Consulting published a report earlier this year that focused on the ongoing trend to eliminate the spare tire from many new cars, as well as the systems that will replace them. Information on this report, Prospects for Extended Mobility Systems: Run-Flat Tires, Tire Repair Kits & Self-Sealing Tires in OEM Passenger Car Markets, is available here.

August 25, 2014

Orion IPO used to repay shareholder loans, reduce corporate debt

Filed under: Uncategorized — Notch @ 5:45 am

Having successfully concluded its initial public offering, Orion Engineered Carbons S.A. is using the cash to repaying a shareholder loan and refinance its debt. In the offering, which began July 25 and closed July 30, Orion floated 19.5 million common shares at $18 per share. Shares trade on the New York Stock Exchange under the symbol OEC. Following the offering, Orion is owned by Kinove Luxembourg Holdings 1 S.a.r.l. (57.3%), public shareholders (about 32.7%), and management (about 10%). Rhone Capital L.L.C. and Triton Advisors Ltd. are Orion’s largest investors, together holding more than 50% of the firm, according to Charles Herlinger, Orion’s CFO. According to an article in Rubber & Plastics News, about €200 million ($267.6 million) of the proceeds will repay a shareholder loan in full. The IPO also will allow Orion to refinance its debt down from more than 10% to about 4-5%. 

US ITC may impose import duties on Chinese tires

Filed under: Uncategorized — Notch @ 1:10 am

Rubber & Plastics News reports that the US International Trade Commission has moved into the final phase of its investigation into potential dumping of Chinese passenger car and light truck tires into the United States. On August 21, the ITC announced a finding that the US tire industry has been “materially injured or threatened with material injury” due to the imports. Based on the finding, the ITC may impose countervailing and/or anti-dumping duties on Chinese tires and/or against individual Chinese tire makers. The US Department of Commerce began its investigation on July 21, 2014 in response to petitions submitted to the ITC on June 3 by the United Steelworkers union. The Obama administration previously imposed import tariffs against Chinese tire tires in September 2009, but the higher duties were allowed to expire in September 2012. 

 

August 7, 2014

Omsk Carbon Group breaks ground on new plant in Belarus

Filed under: Carbon Black — Notch @ 4:36 pm

On July 29, Omsk Carbon Group held a groundbreaking ceremony for its new carbon black plant being built in the Mogilev Free Economic Zone, Belarus. The project was first announced in February 2013, and Omsk spent the ensuing 18 months doing design work and obtaining the necessary governmental approvals. The new plant will employ 450 workers and will have 120,000 tonnes/year of capacity at start-up in 2017, expandable to 200,000 t/y at a later date. The cost is Euro 85 million (RUB 4 bn). The factory will supply customers in Europe and Belarus. Omsk Carbon Group is the largest producer of carbon black in Russia and Eastern Europe, with plants in Omsk and Volgograd.

The full press release is here.

August 1, 2014

Gas explosion rocks Kaohsiung, Taiwan

Filed under: General — Notch @ 12:45 am

A series of powerful gas explosions hit the southern Taiwan city of Kaohsiung late Thursday, killing at least 24 people and injuring up to 271. The blasts were concentrated in the Cianjhen district, and were believed to be triggered by gas (possibly propylene) leaking from underground pipelines.

Here are two early reports on the tragedy: BBC and AFP.

Update: Here is an astounding compilation of videos of the event and aftermath. Our thoughts and prayers go out to the people of Taiwan.

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