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Silicones market worth $18.87 billion by 2022 forecasts report
NEWS developing adhesive technologies with an existing capability to develop 3D printing materials. For further information, visit: Web: https://www.henkel.co.uk & Web: https://www.henkel.com
Evonik redesigns brand profile for its silica portfolio
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erman speciality chemicals company Evonik Industries Ag has completely redesigned the brand profile of its silica portfolio following its takeover of J.M. Huber’s silica business in September 2017. ‘By acquiring the silica business of J.M. Huber, we are able to offer our customers an even more diverse portfolio of products. Visually, the brand relaunch will support the broad range of product and service expertise available from a single source,’ explained Andreas Fischer, head of Evonik’s silica business line. The company says that the previous brand profile for its silica business was heterogeneous and remained unchanged in the market place for decades. For further information, visit: Web: www.evonik.com
Dana posts strong third-quarter results
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S-based Dana Inc – which develops engineered driveline, sealing and thermal-management technologies – has posted strong results for its third quarter of 2017. Sales for the quarter totalled $1.83 billion, compared with $1.38 billion recorded for the equivalent period of 2016 – an increase of 32%, and 23% for the first nine months. The firm says that the quarterly increase was driven, in part, by recent acquisitions, which contributed $133 million. Currency provided a “tailwind” to sales of $28 million. Excluding acquisitions and currency effects, stronger market demand and new business generated 21% organic sales growth. Net income attributable to Dana for the third quarter of 2017 was $69 million, compared with $57 million a year earlier. Net income benefited from increased adjusted EBITDA of $48 million and reduced restructuring expense of $15 million. Partially offsetting these benefits were increased depreciation and amortisation expense, largely attributable to the firm’s recent acquisitions and a higher level of capital invest4
Sealing Technology
ment, increased income tax expense and costs of $13 million associated with debt refinancing actions undertaken during the quarter. Commenting on the results, James Kamsickas, President and CEO, Dana, said: ‘We continue to generate strong organic growth, remaining focused on new business launches, whilst successfully integrating our recent acquisitions.’ ‘The combination of strong market demand, new business and cost discipline has enabled all four of our business units to deliver improved margins over the first nine months of this year.’ Dana has earned five PACE Awards since the programme’s inception – most recently in 2017 for its Victor Reinz multi-layer steel transmission pump gasket. For further information, visit: Web: http://www.dana.com
Saint-Gobain expands list of materials complying with API 6A standard
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aint-Gobain Seals – a strategic business unit under Saint-Gobain Performance Plastics’ Engineered Components sector of activity – has received the API 6A specification (ISO 10423, Appendix F.1.13.5.2), relating to sour fluid (FF/HH) resistance, for nine of its materials that are frequently used in the oil and gas sector. The materials are: Fluoroloy® A07, Fluoroloy A10, Fluoroloy A13, Fluoroloy A16, Fluoroloy A41, Fluoroloy A42, Meldin® 5301, Meldin 5320 and Meldin 5330. As part of the requirement for the API 6A specification, immersion testing was conducted at third-party Element Labs’ facility. After the unbiased testing was completed each material was awarded a certificate of compliance from the laboratory, covering testing conditions such as 160 hours at 200°C (392°F) and 6.9 MPa (1000 psi) in an aggressive oilfield chemical media. Geert Vanthienen, European Oil & Gas Market Development Manager, Saint-Gobain Seals, said: ‘These materials will be added to the list of API 6A-compliant materials already available for the oil and gas industry from our business unit.’ ‘Thanks to the qualification of these additional nine API 6A-compliant materials, SaintGobain Seals offers a fuller range of commonly used oil and gas materials with API 6A specification that will work for any oilfield application requiring this important compliance.’
For further information, visit: Web: https://www.seals.saint-gobain.com
Conferences and Meetings News LUBMAT 2018 is scheduled for June
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UBMAT 2018 is set to be held on 5–6 June 2018 in San Sebastian, Spain. Organised by University of Central Lancashire (UCLAN) in the UK and Spain’s Fundación Tekniker this event covers three main subject areas: lubricants and lubrication management; tribology; and condition monitoring. Readers are reminded that they are invited to participate in the conference. Anyone who is interested in presenting a paper should prepare and submit a 300-word abstract (following the steps in the link below) by no later than 31 January 2018. For further information, visit: https://www.lubmat.org/en/home
Publications of Interest Silicones market worth $18.87 billion by 2022 forecasts report
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report published by MarketsandMarkets estimates that the global market for silicones was worth $14.20 billion in 2017 and it is projected to reach $18.87 billion by 2022 – at a compound annual growth rate of 5.85% between 2017 and 2022. According to the study, entitled ‘Silicone Market by Type (Elastomers, Fluids, Resins, Gels), End-Use Industry (Industrial Process, Building & Construction, Personal Care & Consumer Products, Transportation, Electronics, Medical & Healthcare, Energy), and Region – Global Forecasts to 2022’, the market is witnessing growth because of the efficient and sustainable properties of silicone which makes this material suitable for use in various end-use industries. For further information, visit: http://www.marketsandmarkets.com
November 2017
Evonik redesigns brand profile for its silica portfolio
G
erman speciality chemicals company Evonik Industries Ag has completely redesigned the brand profile of its silica portfolio following its takeover of J.M. Huber’s silica business in September 2017. ‘By acquiring the silica business of J.M. Huber, we are able to offer our customers an even more diverse portfolio of products. Visually, the brand relaunch will support the broad range of product and service expertise available from a single source,’ explained Andreas Fischer, head of Evonik’s silica business line. The company says that the previous brand profile for its silica business was heterogeneous and remained unchanged in the market place for decades. For further information, visit: Web: www.evonik.com
Dana posts strong third-quarter results
U
S-based Dana Inc – which develops engineered driveline, sealing and thermal-management technologies – has posted strong results for its third quarter of 2017. Sales for the quarter totalled $1.83 billion, compared with $1.38 billion recorded for the equivalent period of 2016 – an increase of 32%, and 23% for the first nine months. The firm says that the quarterly increase was driven, in part, by recent acquisitions, which contributed $133 million. Currency provided a “tailwind” to sales of $28 million. Excluding acquisitions and currency effects, stronger market demand and new business generated 21% organic sales growth. Net income attributable to Dana for the third quarter of 2017 was $69 million, compared with $57 million a year earlier. Net income benefited from increased adjusted EBITDA of $48 million and reduced restructuring expense of $15 million. Partially offsetting these benefits were increased depreciation and amortisation expense, largely attributable to the firm’s recent acquisitions and a higher level of capital invest4
Sealing Technology
ment, increased income tax expense and costs of $13 million associated with debt refinancing actions undertaken during the quarter. Commenting on the results, James Kamsickas, President and CEO, Dana, said: ‘We continue to generate strong organic growth, remaining focused on new business launches, whilst successfully integrating our recent acquisitions.’ ‘The combination of strong market demand, new business and cost discipline has enabled all four of our business units to deliver improved margins over the first nine months of this year.’ Dana has earned five PACE Awards since the programme’s inception – most recently in 2017 for its Victor Reinz multi-layer steel transmission pump gasket. For further information, visit: Web: http://www.dana.com
Saint-Gobain expands list of materials complying with API 6A standard
S
aint-Gobain Seals – a strategic business unit under Saint-Gobain Performance Plastics’ Engineered Components sector of activity – has received the API 6A specification (ISO 10423, Appendix F.1.13.5.2), relating to sour fluid (FF/HH) resistance, for nine of its materials that are frequently used in the oil and gas sector. The materials are: Fluoroloy® A07, Fluoroloy A10, Fluoroloy A13, Fluoroloy A16, Fluoroloy A41, Fluoroloy A42, Meldin® 5301, Meldin 5320 and Meldin 5330. As part of the requirement for the API 6A specification, immersion testing was conducted at third-party Element Labs’ facility. After the unbiased testing was completed each material was awarded a certificate of compliance from the laboratory, covering testing conditions such as 160 hours at 200°C (392°F) and 6.9 MPa (1000 psi) in an aggressive oilfield chemical media. Geert Vanthienen, European Oil & Gas Market Development Manager, Saint-Gobain Seals, said: ‘These materials will be added to the list of API 6A-compliant materials already available for the oil and gas industry from our business unit.’ ‘Thanks to the qualification of these additional nine API 6A-compliant materials, SaintGobain Seals offers a fuller range of commonly used oil and gas materials with API 6A specification that will work for any oilfield application requiring this important compliance.’
For further information, visit: Web: https://www.seals.saint-gobain.com
Conferences and Meetings News LUBMAT 2018 is scheduled for June
L
UBMAT 2018 is set to be held on 5–6 June 2018 in San Sebastian, Spain. Organised by University of Central Lancashire (UCLAN) in the UK and Spain’s Fundación Tekniker this event covers three main subject areas: lubricants and lubrication management; tribology; and condition monitoring. Readers are reminded that they are invited to participate in the conference. Anyone who is interested in presenting a paper should prepare and submit a 300-word abstract (following the steps in the link below) by no later than 31 January 2018. For further information, visit: https://www.lubmat.org/en/home
Publications of Interest Silicones market worth $18.87 billion by 2022 forecasts report
A
report published by MarketsandMarkets estimates that the global market for silicones was worth $14.20 billion in 2017 and it is projected to reach $18.87 billion by 2022 – at a compound annual growth rate of 5.85% between 2017 and 2022. According to the study, entitled ‘Silicone Market by Type (Elastomers, Fluids, Resins, Gels), End-Use Industry (Industrial Process, Building & Construction, Personal Care & Consumer Products, Transportation, Electronics, Medical & Healthcare, Energy), and Region – Global Forecasts to 2022’, the market is witnessing growth because of the efficient and sustainable properties of silicone which makes this material suitable for use in various end-use industries. For further information, visit: http://www.marketsandmarkets.com
November 2017