Nynas appoints Bo Askvik as president and CEO
NynasOil refiner and tyre industry supplier Nynas AB has formally appointed Bo Askvik as president and CEO of Nynas on a continuing basis with immediate effect.
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Michelin coordinates 16 million euro BlackCycle tyre circular economy project
MichelinMichelin is coordinating 7 industrial partners, 5 Research & Technological Organizations (RTOs) and an innovation cluster into a European consortium designing pioneering processes to produce new tyres from end-of-life tyres (ELTs). The project, called BlackCycle owing to its focus on developing a circular economy for tyres, is run across five countries.
Orion increases speciality carbon black price
On 13 July Orion Engineered Carbons announced it will implement price increases on all Specialty Carbon Blacks worldwide beginning 1 September 2018. According to the company, these actions are due to “continuously rising costs for raw materials and freight”.
Bekaert and ArcelorMittal close Sumaré deal
Bekaert and ArcelorMittal have integrated Bekaert’s formerly wholly-owned steel cord subsidiary in Sumaré (Brazil) into the BMB (Belgo Mineira Bekaert Artefatos de Arame Ltda) partnership.
In line with the shareholding structure of the BMB joint venture, ArcelorMittal has become the majority shareholder (55.5%) of the steel cord entity in Sumaré and Bekaert retains the remaining shares (44.5%).
Hexpol buys Valley Processing for $44 million
Just three days after buying Trelleborg’s Czech compounding operation, on 3 April Hexpol announced it has signed an agreement to acquire the business of Valley Processing from Ted Ballou and his family. The acquisition price amounts to approximately US$44 million on a cash and debt free basis. There will also be an additional product transfer fee, which will be paid later.
