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Eastman Completes Sale of Tire Additives Product Lines
KINGSPORT, Tenn., November 01, 2021--(BUSINESS WIRE)--Eastman Chemical Company (NYSE:EMN) announced that it has completed the previously reported sale of its global tire additives business to an affiliate of One Rock Capital Partners, LLC.The sale included the rubber additives (including Eastman's Crystex™ insoluble sulfur and
Insoluble sulfur is a small division for Eastman, which it got as part of a larger acquisition of Solutia Inc almost a decade ago. The brand is called 'Crystex' and Eastman has promoted it aggressively till 2018-ish. It hasn't been doing all that well since. (8/15)
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Commodity:Sodium sulfite Molecular Formula: Na2SO3 Molecule Weight: 126.04 Appearance: white or light yellow crystalline powder Item Value Top-grade First grade Qualified product sodium sulfite (Na2SO3),% 98.0, 96.0, 93.0 Fe,% 0.003 0.005 0.02 water-Insoluble,% water-Insoluble,% 0.02, 0.03, 0.05 Free alkali(as Na2SO3),% 0.10, 0.40, 0.80
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N. Korea's parliamentary session. This photo, released by North Korea's official Korean Central News Agency on Sept. 30, 2021, shows Kim Yo-jong, North Korean leader Kim Jong-un's sister and currently vice department director of the ruling Workers' Party's Central Committee, who was elected as a member of the State Affairs Commission, the country's
- What is the insoluble sulfur market?
- The insoluble sulfur market itself is propelled by its indispensable role in the rubber industry, particularly for tire production. Tires consume the vast majority of rubber produced globally, making insoluble sulfur a highly sought-after component. But the story doesn't end there.
- Are passenger car tires more insoluble sulfur than commercial tires?
- Looking deeper into the tire consumption itself, passenger car tire production stay dominant in insoluble sulfur market, followed by commercial vehicle tires. Interestingly, even within the passenger car segment, radial tires, the current standard, require more insoluble sulfur compared to older bias-ply tires.
- Do radial tires require more insoluble sulfur?
- Interestingly, even within the passenger car segment, radial tires, the current standard, require more insoluble sulfur compared to older bias-ply tires. This translates to a significant demand since global tire production is estimated to exceed 1.7 billion units annually, with a substantial portion being radials.
