News from Notch Consulting, Inc.

September 22, 2019

Yokohama in talks to acquire Prometeon

Filed under: Tires — Notch @ 9:39 pm

Tire Business reports that Yokohama Rubber is in advanced talks to acquire Prometeon Tire Group, the former industrial tires unit of Pirelli.

In a written statement to ERJ, a source close to PTG minority shareholder Aeolus Tyres said negotiations were ongoing on the subject – without elaborating further.

“YRC have signed a ‘no shop’ [exclusivity] contract with PTG and are now conducting a thorough due diligence,” said another contact, adding that the deal was in a ” fairly advanced” stage.

 

September 18, 2019

Impact of Saudi drone attack on downstream markets

Filed under: Uncategorized — Notch @ 11:27 am

Rubber & Plastics News has a useful article on the potential impact of the drone attack on Aramco’s facilities in Saudi Arabia on downstream markets, particularly polyolefins.

Over the weekend, a number of companies announced feedstock supply disruptions as a result of the Sept. 14 attacks, which forced Aramco to reduce crude supply by around 5.7 million barrels per day, or about 50 percent of its total production.

Key producers, including Saudi Basic Industries Corp.; Sahara International Petrochemical Co. (Sipchem); Advanced Petrochemical Co.; National Industrialisation Co. (Tasnee); Yanbu National Petrochemical Co. (Yansab); and Saudi Kayan Petrochemical Co., all disclosed “curtailment” of feedstock supply, ranging between 30 percent to 50 percent.

September 17, 2019

Cancarb names new president

Filed under: Carbon Black — Notch @ 12:15 pm

On September 12, Tokai Carbon, parent company of Cancarb Limited, announced the appointment of Mr. Peter Donnelly as President, replacing Mr. Ken Tate, who will retire as of September 30, 2019. Mr. Tate will remain in an advisory capacity through December 31, 2019. Cancarb Limited is the world’s largest producer of medium thermal black.

Takashi Masaki, General Manager of the Carbon Black Division of Tokai Carbon stated, “We extend our thanks to Ken Tate for his efforts over the past five years, especially in seeing through the transition to Cancarb being a subsidiary of Tokai Carbon, as well as initiation and approval of the unit six expansion.”

Peter Donnelly has worked in various roles in Cancarb over the past 24 years including most recently as VP, Marketing, and prior to that as Director, Quality and Development. “We are confident that his vision and strong mindset will successfully guide Cancarb in the coming years,” Masaki said.

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