The investment will allow a large-scale increase in production capacity at the company's Thalheim site, next to its headquarters in Thalbach industrial park.

With increasingly acute shortages of fluoropolymers and other such materials, the U.K. Gasket & Sealing Association is telling manufacturers to watch out for fake polymers.

Despite decreased demand in China for its silicones due to COVID-19 restrictions, Elkem reported record quarterly earnings with income up 68 percent compared to last year.

Minnesota Rubber and Plastics will complement and strengthen Trelleborg's position in the rubber product space, according to Peter Nillson, president and CEO of Trelleborg Group.