Take a busy year for tire manufacturers, a lousy one for companies that serve the oil and gas industry, add in some major changes in the industry supply sector and finish with a large amount of plant expansions, and you have a capsule of what has happened in the rubber industry in 2016. The following is a synopsis of many events from January through March.
ExxonMobil Corp. and Saudi Basic Industries Corp. plan to spend $3.4 billion to expand the capacity of a joint venture site in Jubail, Saudi Arabia.
Dow Chemical Co. gains full control of Dow Corning Corp. by paying partner Corning Inc. $4.8 billion in cash.
Weak market conditions in the off-road tire market prompt Titan Tire Corp. to lay off 280 workers in the U.S. and Europe.
Cooper Tire & Rubber Co. buys a 65 percent stake in China's Qingdao Ge Rui Da Rubber Co. Ltd.
Private equity companies Blackstone Group L.P. and Kirbi a.s. agree to buy Armacell L.L.C.
Sil-Pro L.L.C. acquires Sil-Pro Machining Solutions from sister company Precision Associates Inc.
DuPont Co. moves to reduce its work force by more than 5,000.
Bostik S.A. opens a hot melt pressure-sensitive adhesives plant in Mexico.
Custom silicone compounder Global Silicones Inc. adds a third plant to its Buellton, Calif., operations.
For the second time in less than a decade, the United Steelworkers union and Titan Tire International Inc. seek government relief from what they claim are subsidized off-the-road tire imports, naming China, India and Sri Lanka in their petition.
The Bridgestone Americas Inc. tire plant in Wilson, N.C., will get a 10 percent capacity expansion during the next five years, the company announces.
Fenner P.L.C. continues a restructuring of its conveyor belt plants by cutting 20 percent of its work force at a facility in Port Clinton, Ohio.
Hutchinson opens its first North American Technical center at its Grand Rapids, Mich., facility.
Wacker Group announces an expansion of its functional silicones fluid capacity at a site in Burghausen, Germany.
The ContiTech A.G. division of Continental A.G. earmarks $7.2 million to expand its industrial hose factory in Mount Pleasant, Iowa.
Freudenberg Medical expands its silicone manufacturing operations in California.
As part of an ongoing growth initiative, Apache Inc. buys Pacific Belting Inc.
EnPro Industries Inc.'s Stemco Division signs a licensing agreement allowing it to continue to use the Goodyear name for air springs, after acquiring the business from ContiTech A.G. last year.
Royal Adhesives & Sealants L.L.C. purchases the stock of Adhesives Systems Inc.
Polyurethane and recycled rubber product maker Accella Performance Materials Inc. renames seven key businesses.
Chinese tire maker Qingdao Sentury Tire Co. Ltd. considers building a passenger tire plant in the U.S. in 2017.
Anne Forristall Luke becomes president and CEO of the Rubber Manufacturers Association, the first woman selected for that post.
American Roller Co. makes two acquisitions to boost its chill roll product line.
A Jan. 19 fire destroys the Tristan Rubber Molding Inc. factory in North Canton, Ohio.
Iran's Sabalan Tyre Co. aims to begin construction of a $222 million radial tire plant.
China National Chemical Corp. acquires machinery maker KraussMaffei Group.
A report by market researcher Freedonia Group Inc. predicts global demand for tires will rise an average of 4.1 percent annually for the next four years.
Trelleborg Wheel Systems opens its first North American tire plant, in Spartanburg, S.C.
PanAridus L.L.C. wins another patent to aid guayule harvesting.
Audax Private Equity and some officials purchase Preferred Compounding Corp. from another private equity business, Wingate Partners. The mixer also plans an expansion.