News from Notch Consulting, Inc.

June 9, 2016

Sinorgchem to acquire Emerald’s rubber chemicals business

Filed under: General, Rubber Chemicals — Notch @ 6:00 am

On May 6, Emerald Performance Materials (Cuyahoga Falls, OH) announced an agreement to sell its Specialties and Polymer Additives and Nitriles businesses to DyStar L.P., the US subsidiary of DyStar Global Holdings Pte. Ltd. (Singapore). The sale involves five of the company’s nine plants, specifically the dedicated plants in Charlotte, NC, Cincinnati, OH, Cheyenne, WY, Henry, IL, and a portion of a shared site in Akron, OH.  Terms of the transaction were not disclosed. The sale is expected to close in the third quarter of 2016, subject to standard regulatory approvals.

Rubber & Plastics News has details on this deal. In addition to the transaction mentioned above, DyStar said Jiangsu Sinorgchem Technology Co. Ltd. will acquire the Polymer Additives & Nitriles business. Jiangsu Sinorgchem is a subsidiary of Sinochem Group, a state-owned Chinese chemical company. Emerald Polymer Additives produces Good-Rite antioxidants (phenolics and TMQ) and Cure-Rite accelerators, with applications in rubber, plastics, and lubricants. Plant locations are Henry, Illinois and Akron, Ohio. Emerald’s Specialty Nitrile Latex Polymers is the largest US producer of specialty nitrile latex and butadiene-based emulsion polymers. Applications include paper, coatings, coal tar emulsions, and other industrial applications. These products are produced in Akron, Ohio.

Jiangsu Sinorgchem said acquiring the business group will expand its globalization efforts for the firm’s rubber chemicals business while adding to its capacity, strengthening its global supply system, and enhancing its international marketing and supply capabilities. The acquisition of the nitrile division will give Sinorgchem a solid North American foundation for the manufacture of specialty butadiene and butadiene-acrylonitrile-based latexes.

DyStar, which already has a US headquarters in Charlotte, North Carolina, will retain the Specialties business, which includes three manufacturing plants in Charlotte, North Carolina (foam control products, specialty silicones); Cheyenne, Wyoming (foam control products); and Cincinnati, Ohio (pigment dispersions and dyes).

Financial details on the sales were not disclosed. Officials at Emerald and DyStar said further details would not be released until after the sale closes. After the divestitures are complete, Emerald will consist of two units: CVC Specialty Chemicals (specialty epoxy resins and reactive liquid polymers) and Kalama Chemical (toluene oxidation chemistry).

 

 

 

 

February 9, 2015

GITI breaking ground on US tire plant

Filed under: General, Tires — Notch @ 7:16 pm

From Tire Business comes word that Giti Tire Group will break ground on Feb. 12 on its new $560 million tire plant near Richburg, Chester County, South Carolina. The plant is being built at the Carolinas I-77 Mega Site and will eventually will span 1.8 million square feet. Giti is receiving $40 million or more in economic benefits from state, county, and local government agencies toward construction of plant in the form of grants toward purchasing the land and “job development credits.” At full capacity, the plant will employ 1,700 workers. Capacity will be 5 million car and light truck tires a year at full capacity. Construction is expected to take 22 months, putting the plant onstream in late 2016 or early 2017.

February 2, 2015

NADA sees low gas prices driving light truck sales in US

Filed under: Auto, General — Notch @ 6:30 am

As reported in Tire Business, the National Automobile Dealers Association (NADA) projects that new car and light truck sales in the United States will rise to 16.9 million vehicles in 2015, split 44% for cars and 56% for light trucks and SUVs. NADA pointed to low gas prices, low interest rates, increased job growth, and an improving housing market as being the main drivers for vehicles sales and in particular a shift toward larger vehicles such as light trucks and SUVs. The group also said that its forecast for 2014 of 16.4 million new vehicle sales was on target.

“We expect to see significant growth in sales of light trucks, particularly in the large-size CUV and SUV segments,”said NADA Chief Economist Steven Szakaly at a Jan. 23 press briefing during the NADA Convention & Expo in San Francisco.  “At the end of the day, consumers like the utility and comfort that larger vehicles provide. Lower gasoline prices accelerate that shift.”

“The pickup truck segment, in particular, is expected to benefit from an improving housing market, climbing to a 15.2-percent share this year from 13.7 percent in 2014, NADA said.

On the downside, small and midsized cars are likely to face a tougher market in 2015. Mr. Szakaly said he expects incentives to rise on small and midsize vehicles while hybrid sales are expected to be slower as long as the price of oil remains relatively low.

Midsize cars are expected to decline in share of total light vehicle sales to 17 percent from 18.6 percent, while small cars are expected to lose 1 percent of share.

January 19, 2015

New report covers global market for rubber tackifiers

Filed under: General, Tackifiers — Notch @ 7:00 am

Notch Consulting is pleased to announce the publication of a new market research report, World Markets for Rubber Tackifiers, which provides a detailed analysis of the global market for tackifiers used in the tire and rubber industry. Tackifiers are adhesives used in the construction of tires and certain industrial rubber goods (belts, hoses) where multiple layers must be plied together and remain in place until the product is cured. This 36-page report includes 20 tables detailing rubber tackifier demand by type, market, and region, as well as pricing, industry developments, and market share by company for the total market as well as major segments. Tackifier demand is provided for all years from 2003 through 2013, with forecasts for all years from 2014 through 2020. Note: tackifer demand in this report excludes homogenizers, processing aids, compatibilizers, reinforcing resins, curing resins, and adhesion promoters, as well as all use of tackifiers outside of the tire and rubber sectors. Rubber tackifier types covered in this report are phenolics (including standard types [p-tert-octyl-phenol, or PTOP] and high performance types [p-tert-butyl-phenol]), hydrocarbon resins, rosin esters, and other types (coumarone-indene resins and terpenes). An overview of the report is provided here. Contact Notch Consulting at info@notchconsulting for more information or to order.

January 1, 2015

Happy New Year!

Filed under: General — Notch @ 1:36 pm

Happy-New-Year-hd-wallpaper-2015-Greeting

December 29, 2014

ExxonMobil to shut French butyl rubber unit in 2015

Filed under: General, Rubber — Notch @ 6:10 am

Rubber News reports that ExxonMobil has confirmed that it plans to close its butyl rubber unit at Notre Dame de Gravenchon, France by the third quarter of 2015. The unit produces regular butyl rubber; the closure will have no effect on the company’s halobutyl operations, where ExxonMobil is the largest producer in the world.

In May 2014, ExxonMobil announced the construction of new units to produce halobutyl rubber and Escorez hydrogenated hydrocarbon resins at its petrochemical complex in Singapore. The rubber unit will have 140,000 tonnes of capacity, while the resins unit will have 90,000 tonnes, primarily for hot melt adhesives. Completion is scheduled for 2017.

November 17, 2014

Michelin opening new plant for Tweel airless tires in South Carolina

Filed under: General, Tires — Notch @ 6:00 am

Tire Business reports that Michelin North America Inc. is opening a plant in Piedmont, S.C., dedicated to the production of its Tweel non-pneumatic tire/wheel assembly. Ribbon-cutting for the new plant will be held on November 20, and Michelin did not reveal the plant’s cost, size, employment, or production capacity. The plant is Michelin’s 10th in South Carolina and 16th in the United States.

The Tweel airless tire/wheel assembly was commercially introduced in 2012 after some seven years of development work. The first OE fitments for the Tweel are with Deere & Co. for the John Deere ZTRAK zero-turn commercial lawn mowers. At present, the Tweel is aimed primarily at skid-steers and other industrial applications.

November 13, 2014

US & China reach climate accord

Filed under: General — Notch @ 6:00 am

The New York Times has details.

As part of the agreement, Mr. Obama announced that the United States would emit 26 percent to 28 percent less carbon in 2025 than it did in 2005. That is double the pace of reduction it targeted for the period from 2005 to 2020.

China’s pledge to reach peak carbon emissions by 2030, if not sooner, is even more remarkable. To reach that goal, Mr. Xi pledged that so-called clean energy sources, like solar power and windmills, would account for 20 percent of China’s total energy production by 2030.

It will be interesting to see how this agreement is implemented in the United States given the mid-term election results and the Republican-controlled Congress.

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.

February 11, 2014

This week at Tire Tech Expo in Cologne

Filed under: Conferences, General, Tires — Notch @ 1:40 am

The Tire Tech Expo takes place beginning today in Cologne, and as always this great conference is packed with papers as well as a huge trade show. Notch Consulting is presenting a paper on Tuesday entitled “Prospects for Extended Mobility Systems: Run-flats, Tire Repair Kits, and Self-Sealing Tires.” The paper is based on a new market research report coming out in March 2014 that examines the various systems that are replacing the full-size spare tires in new passenger cars.

There are many great papers and events at the show, but I wanted to draw your attention to one event in particular:
David Shaw from Tire Industry Research is holding a launch event for a new report that came out this month entitled “Sustainability in the Tire Industry 2014.” The event will be held on Wednesday, February 12, in Conference room 1 (on level 2). There is also a seminar on this topic on Wednesday beginning at 9:00.

Here is the brochure: Tire Sustainability-Brochure2.

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