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Chemical Activity Barometer Shows Third Monthly Gain in May

The CAB has four main components, each consisting of a variety of indicators: production, equity prices, product prices, and inventories and other indicators.

May 23, 2019

The Chemical Activity Barometer (CAB), an economic indicator created by the American Chemistry Council (ACC), rose 0.4% in May 2019 on a three-month moving average basis, the third monthly gain after several weak months.

ExxonMobil Doubles Manufacturing Capacity of Specialty Elastomers at Newport Plant

The expansion doubles the plant’s manufacturing capacity and increases global manufacturing capacity of Santoprene™ thermoplastic elastomers by 25%.

May 22, 2019

ExxonMobil recently announced that it has completed an expansion of its specialty elastomers manufacturing plant in Newport, Wales.

Stone Named Senior Director of Sales for IPC

Michael Stone reportedly has more than 25 years of experience in sales management, account development, and building highly effective sales teams.

May 22, 2019

IPC-Association Connecting Electronics Industries^® recently announced the appointment of Michael Stone to the position of senior director of Sales.

Seam Tapes Market to Expand Globally through 2026

The increasing trend to supplant sewing with adhesive film bonding and the development of the sports and outdoor clothing industry are some factors impacting growth of the seam tapes market.

May 22, 2019

The global market for seam tapes reached $180.2 million in 2017 and is expected to grow to $368.4 million by 2026, expanding at a CAGR of 8.3% from 2017-2026.

Michelman Mourns Passing of Former President and Chairman Philip S. Cohen

According to Michelman, Phil Cohen was a visionary who foresaw the importance of sustainability and introduced water-based chemistry to the company in the 1950s.

May 21, 2019

Philip S. Cohen, former president and chairman of Michelman, passed away on May 3, 2019, in Cincinnati, Ohio.

Lower Interest Rates Help Boost March New Home Sales

The median sales price was $302,700, with strong gains in homes sold at lower price points.

May 21, 2019

Sales of newly built, single-family homes rose to a seasonally adjusted annual rate of 692,000 units in March 2019 after a slightly revised February report, according to data released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

Shurtape Adds Four Sales Managers to Industrial Packaging Team

Shurtape Technologies’ new territory sales managers include Brad Davis, Brock Byers, Randy Krabbenhoft, and Kelley Wickert.

May 20, 2019

Shurtape Technologies, LLC recently announced the expansion of its Industrial Packaging-North American team with the addition of four territory sales managers.

Evonik to Reorganize High-Performance Polymer Business, Expand Polyamide Capacity

Evonik reports that it is concentrating its activities on high-performance materials for attractive growth markets such as the automotive, oil and gas, 3D printing, and optics industries.

May 20, 2019

Evonik recently announced that it is reorganizing its business for high-performance polymers within the polyamide group.

Multiple End-Use Industries Driving Increasing Demand for Advanced Composites

Advanced composites are widely employed across verticals like aerospace, automobile, construction, sports, and military.

May 20, 2019

The global advanced composites market is currently experiencing strong growth and projected to grow at a CAGR of around 9% from 2019-2024.

Covestro CEO MacCleary to Retire at Year’s End

Jerry MacCleary’s retirement caps a 40-year journey at Covestro; he first joined the company in November 1979 as an accountant.

May 17, 2019

Covestro LLC recently announced that Jerry MacCleary will retire from his current position as CEO and chairman of the board, effective December 31, 2019.