German rubber industry association wdk is “sounding the alarm” as massive increases in the cost of energy, raw materials and logistics take their toll upon companies within the industry, draining their liquidity and straining earnings. The wdk warns of impending insolvencies, a concretisation of relocation plans and job cuts.
Russia’s attack on Ukraine is now impacting Europe’s leading economies and specifically Germany. For those producing tyres, hoses, seals or health protection products, the situation is particularly series due to the duel effects of tight carbon black supplies and rising energy and specifically gas costs. “Carbon black is an indispensable material for production and so far more than a third comes from Russia,” explained Boris Engelhardt, general manager of the German Rubber Industry Association (WdK) in Frankfurt am Main, according to our sister publication reifenpresse.de.
Anish K. Taneja has been appointed president of the German Rubber Manufacturers Association (wdk). The chief executive officer of Michelin’s Europe North Region was named successor to Dr Ralf Holschumacher earlier today. Holschumacher has served as wdk president since 2014.
On 26 January the LRCCP, DIK and CERISIE rubber laboratories from France, Germany and Italy respectively signed up to the ERRLAB – an informal network rubber research and testing in rubber facilities. As a result of the move more than 100 highly rubber specialized doctors, engineers and technicians are committed to the project.