Wednesday, December 12, 2018 - Lewes, DE - OTR Tires market will register a 4.0% CAGR in terms of revenue, reach US$ 15100 million by 2023, from US$ 11900 million in 2017. OTR Tires (Off-the-road tires) are utilized for large-scale machinery at construction and mining and other sites with no roads. These tires mainly made with premium casings and durable compounds. Off-the-road tires offer substantial support for machinery used at various civil engineering sites, including ultra-large dump trucks, earth and gravel at mining and dam construction sites, bulldozers for earth removal and graders for road construction and snow removal. The production and sales volume of OTR tires is directly affected by downstream industries and global economy. Over the past six years, the market of construction and mining equipment has experienced fast growth and decline, as well as the OTR Tires market. The demand of OTR Tires reached a peak in 2013, just as what the construction and mining equipment industry experienced. And over the past two years, the OTR tires industry has faced decline which seems almost hard to bear for related enterprises. As the global economy growth rate is forecasted to slow down, especially in China, which is one of the largest markets of OTR Tires; the market of OTR Tires in the following five years seems will not enjoy that fast growth. But as the market in India, Africa and some other developing regions is also promising, the industry of OTR tires is forecasted to recovery after 2016, though it will not grow as fast as what happens before 2013. Currently, the global production capacity of OTR Tires is much higher than what is really needed. The capacity utilization rate of OTR tires manufacturers is not satisfactory. And as there are more than a hundred manufacturers of OTR Tires worldwide, the market competition is quite fierce. But it is forecasted that the number of OTR Tires worldwide may be reduced, as some enterprises may not be able to struggle to survive.

Wednesday, December 12, 2018 - Columbus, OH - Tire Discounters has released a statement to support Ohio’s new law to prohibit use of unsafe used tires. “This consumer protection bill is long overdue. It will prevent countless injuries and fatalities caused by unsafe tires.” says Jamie Ward, Tire Discounters President. “Every Tire Discounters associate is trained on tire safety because our customers trust us to keep them safe. We’re installing customer education in our stores so that customers can see the difference in stopping distance as tire tread is worn down.” says Crissy Niese, Chief Customer Officer, SVP. she adds, “It’s shocking to see the difference between 2/32” and 5/32” tread depth. It’s easy to see how unsafe tires can lead to accidents.” To ensure customer vehicles are safe to drive, Tire Discounters measures the tread depth for every customer at no cost regardless of the reason they stopped in. “Customers don’t always ask us to measure their tread depth, but we do because the safety of our customers and their families is our top priority.” says Charles Curlee, Vice President Retail Sales. The Ohio Legislature is set to approve S.B. 223 and expected to be signed by Governor Kasich. The bill prohibits the installation of unsafe used tires. It defines unsafe as anything under 2/32inch tread depth. Tire Discounters President and Ohio Tire & Automotive Association (OTAA) Board Member, Jamie Ward, has been working with OTAA for several years to remove unsafe tires from roads.

Wednesday, December 12, 2018 - Berwyn, PA - Trinseo announced that Christopher D. Pappas, President and Chief Executive Officer, has announced his plans to retire in 2019. Trinseo’s Board of Directors engages in ongoing succession planning and intends to name a successor soon. Pappas plans to help support a smooth and seamless transition to the company’s next chief executive officer. Pappas said, “I am extremely proud of all that we have accomplished at Trinseo in the last eight years – from the Company’s formation in 2010 via spin-off from Dow Chemical, through its ownership by private equity with Bain Capital Partners, to an initial public offering and listing on the NYSE in 2014, followed by further expansion through acquisition and market-driven growth. The Company has incredibly talented people, a strong financial position, and an agile, values-based culture that positions Trinseo for a bright and exciting future.” Stephen M. Zide, Chairman of the Board of Directors, said, “On behalf of the Board, I want to thank Chris for his leadership, vision and countless contributions to Trinseo. Chris has been at the helm since the beginning when the Company was formed more than eight years ago. The Board has the utmost respect and appreciation for Chris’ leadership, and all of us wish Chris the very best in his well-deserved retirement.”

Wednesday, December 12, 2018 - Gothenburg, Sweden - Elastomeric, a subsidiary of the Hexpol Group, has started using Enviro’s recovered carbon black, EnviroCB, for its production of environmentally friendly compounds. The company placed multiple orders for the material and is currently also exploring options for expanding its use to a wider range of components. Elastomeric, with manufacturing facilities in Sri Lanka, is a global polymer producer with approximately 1,000 employees, which primarily produces compounds for material handling equipment industry. “It’s positive that an international actor has now decided to come forward in the market regarding its implementation of our recovered carbon black. Given the industry’s attitude towards sustainable materials, we are convinced that more will follow,” predicts Thomas Sörensson, CEO of Enviro.

Wednesday, December 12, 2018 - Pawcatuck, CT – In an ongoing effort to strengthen efficiencies and customer satisfaction, Davis-Standard’s Pawcatuck, CT, facility recently became ISO 9001:2015 certified. The certification validates Davis-Standard’s processes across the board, internally and externally, and serves as a benchmark for the company’s commitment to operational quality and process improvement. “ISO requires the implementation of a demonstrated quality management system, promoting a holistic approach to evaluating your operation,” said Mike Newhall, Davis-Standard’s vice president of operations. “It has driven corrective action where we’ve needed it, and has made every aspect of our business better. This encompasses everything from how we on-board employees and review customer specifications to our engineering and manufacturing practices. There is no stone left unturned, which results in an improved capacity to achieve customer expectations each and every time.” At the core of ISO certification is the ability to consistently provide products and services that meet customer and applicable statutory and regulatory requirements while also enhancing customer fulfillment through an effective quality management system (www.iso.org). Because of this, Newhall noted that all issues are addressed at the source. “The ISO process is invaluable in making every department better,” said Newhall. “It’s also just the beginning. It is a continuous improvement process to improve our performance in all areas of the business. Being ISO certified gives our employees and customers the assurance the system is accessed and approved on a regular basis. It is a sustainable approach that holds us accountable to what we promise with the Davis-Standard brand.”

Wednesday, December 12, 2018 - San Jose, CA - The latex caulk market is expected to exhibit steady growth during the forecast period, according to Credence Research. First, this research report presents a basic outline of the latex caulk industry, covering boundaries, purposes, classifications and market chain structure. The growth policies and strategies are presented, as well as manufacturing processes and cost structures. Notable players operating in the global latex caulk market include 3M Company, Chemence, The Dow Chemical Company, Franklin International, Sherwin Williams, Bostik, Hodgson Sealants, American Sealants Inc., Sashco, Inc. and DAP Products.