News from Notch Consulting, Inc.

June 20, 2018

Sid Richardson raising carbon black prices

Filed under: Carbon Black — Notch @ 3:12 pm

On June 18, Sid Richardson announced a price increase for all carbon black products effective for all shipments on or after August 1, 2018, or as contracts allow. Due to rising operating and logistic costs associated with carbon black production in North America, the increase is necessary to maintain the high service levels that our customers have come to expect, the company said in a press release. Invoice prices on all carbon blacks will increase by $110/MT.

Here is the press release.

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June 11, 2018

Orion to raise carbon black prices in EMEA

Filed under: Carbon Black — Notch @ 11:56 pm

Orion Engineered Carbons has announced a price increase for carbon black sold in the Europe, Middle East and Africa region, beginning Aug. 1, or as contracts permit. Prices will be adjusted between $82 and $107 per metric ton, according to the firm. According to Orion, the price increases are being implemented to offset operating expenses which continue to rise because of high utilization rates and the desire to continuously invest in its manufacturing network.

June 6, 2018

Cabot raises carbon black prices in EMEA

Filed under: Carbon Black — Notch @ 8:04 pm

On June 1, Cabot Corporation announced a price increase for all carbon black product in its Reinforcement Materials segment sold in the Europe, Middle East and Africa (EMEA) region. The increase will be effective as of July 1, 2018, or as customer contracts allow.

Cabot said that it is experiencing persistent rising costs associated with high utilization rates, increased operating and regulatory costs, and higher logistics expenses in the EMEA region. Despite ongoing efforts to offset these costs, Cabot will increase prices by 80 €/MT, in addition to any applicable index-related adjustments, for all rubber carbon black products including Black Pearls®, CRX™, Endure™, Propel®, Regal®, Vulcan®, Sterling® and Spheron® carbon black grades.

June 5, 2018

SK Capital Partners to acquire SI International, merge with Addivant

Filed under: General, Rubber Chemicals, Tackifiers — Notch @ 9:28 am

On June 1, New York-based private equity firm SK Capital Partners announced the acquisition of SI Group (Schenectady, NY), a leading supplier of plastic additives and rubber chemicals. The business will be merged with SK’s own Addivant business. The Addivant business is the former antioxidant and light stabilizer business of Chemtura, which SK acquired in 2013. No purchase price for the SI Group deal was announced; the transaction is expected to close in the second half of 2018.

SI Group, which was founded in 1906 as Schenectady Varnish Co., has more than $1 billion in sales and employs more than 2,800 at 20 locations worldwide. Its product lines include plasticizers, flame retardants and antioxidants. It is also the world’s leading supplier of rubber tackifiers.

Barry Siadat, SK co-founder and managing partner, said in a news release that “by combining the complementary strengths of SI Group and Addivant, we will be creating a global technology and industry leader in plastic, lubricant, oilfield and rubber additives.”

June 2, 2018

Michelin sets tire-recycling goals

Filed under: Tire Recycling — Notch @ 11:46 am

At the Movin’ On 2018 sustainable mobility conference this week, Michelin announced two new goals: to use 80 percent sustainable materials in the manufacture of its tires and to invest in technology to make its tires 100 percent recyclable by 2048.

Today, the world-wide recovery rate for tires is 70 percent and the recycling rate is 50 percent. Michelin tires are currently made using 28 percent sustainable materials (26 percent bio-sourced materials like natural rubber, sunflower oil, limonene etc., and 2 percent recycled materials such as steel or recycled powdered tires). For a sustainable future, Michelin is investing in high technology recycling technologies to be able to increase this content to 80 percent sustainable materials.

One such investment was acquiring Lehigh Technologies Inc. late last year, a company that transforms the rubber from end-of-life tires into material that can be used in new tires, and other products. The micronized rubber powders (MRP) that Lehigh creates can be substituted for oil- and rubber-based feedstocks in lots of applications, including tires.

“If we achieve these ambitions, we would save 33 million barrels of oil each year,” said Cyrille Roget, Michelin’s technical and scientific communication director, “That is equivalent to the entire annual oil consumption of France.”

Michelin admits it needs the rest of the tire industry to join in the mission. “This is not something that we can achieve alone,” says Roget, calling both of these goals “major ambitions.”

Read the full press release here.

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