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Emerging Economies Represent Major Opportunities for Specialty Tapes

The specialty tapes market in emerging economies (e.g., China, India, Brazil, South Africa, and Indonesia) is expected to witness significant growth.

July 17, 2019

The market for specialty tapes is projected to grow from $44.2 billion in 2019 to $59.3 billion by 2024, expanding at a CAGR of 6.1%.

Shurtape Becomes Preferred Supplier of IBC Network of Independent Distributors

Through this partnership, IBC members will be able to deliver Shurtape® brand solutions to integrated supply chains.

July 16, 2019

The Industrial Group of Shurtape Technologies, LLC has become a preferred supplier of the IBC industrial buying group, a network of independent distributors for industrial products servicing the U.S., Canada, parts of Mexico, and the Caribbean.

Goodyear Chemical Expands Capacity for Ultra-High-Purity Dicyclopentadiene

The Goodyear-Beaumont facility has been refining crude C5s into high-purity isoprene monomer, piperylenes, and DCPD since the 1970s.

July 16, 2019

The Goodyear Tire & Rubber Co. recently announced that it has completed the de-bottlenecking of its ultra-high-purity dicyclopentadiene (UHP-DCPD) recovery unit at its chemical plant in Beaumont, Texas.

ASK Chemicals to Acquire SI Group’s Industrial Resins Business

The transaction includes SI Group’s industrial resins products and associated manufacturing sites in Rio Claro, Brazil; Ranjangaon, India; and Johannesburg and Durban, South Africa.

July 15, 2019

SI Group recently announced an agreement to sell the majority of its global industrial resin businesses and its Brazilian specialty business to ASK Chemicals, a portfolio company of private equity firm Rhône Group, LLC.

Ross Completes Plant Expansion in China

Nantong Ross Mixing Equipment Co. Ltd., a joint venture for the past 20 years, supplies ribbon blenders, high-shear mixers, vertical blenders, and other product lines for the Chinese market.

July 15, 2019

Charles Ross & Son Co. recently announced the completion of a major expansion of its facility in Nantong, China.

Ashland Announces Amendment to Agreement with INEOS for Composites Business Acquisition

The amendment includes the removal of the maleic business from the sale; the purchase price remains unchanged at $1.1 billion.

July 12, 2019

Ashland Global Holdings Inc. recently announced an amendment to the purchase agreement for the sale of its Composites business and butanediol (BDO) manufacturing facility in Marl, Germany, to INEOS Enterprises.

R.E. Carroll Launches Brand Promise to Industry

The promise includes “Knowledgeable, Responsible, Trusted: What Matters To You Is Important To Us.”

July 12, 2019

R.E. Carroll Inc. recently announced that it has launched a new “Brand Promise to the Adhesives Industry.”

Nagarajan Named President and CEO of Nordson

Sundaram Nagarajan joins Nordson following a 23-year career with Illinois Tool Works Inc. (ITW), serving most recently as executive vice president of the $3.3 billion Automotive OEM segment.

July 11, 2019

Nordson Corp. recently announced that Sundaram Nagarajan (Naga) has been appointed president and CEO, effective August 1, 2019.

Gelest Acquires Bimax

Bimax will continue to operate under the Bimax name, and all employees will be retained in their current roles.

July 11, 2019

Gelest, Inc. recently announced its acquisition of Bimax, a manufacturer and marketer of specialty monomers and polymers for use in the manufacture of contact lenses, intraocular lenses, personal care products, coatings and adhesives, and other advanced technology applications.

Synthomer Announces Agreement to Acquire OMNOVA Solutions

OMNOVA Solutions employs approximately 1,900 people and operates 13 sites across the U.S., Europe, and Asia.

July 10, 2019

Synthomer plc recently announced that it has reached an agreement with OMNOVA Solutions Inc. on the terms of a recommended acquisition of the entire issued and to-be-issued share capital of OMNOVA.