Industry News

>> The Overtime Rule
Source: dol.gov
On November 22, 2016, U.S. District Court Judge Amos Mazzant granted an Emergency Motion for Preliminary Injunction and thereby enjoined the Department of Labor from implementing and enforcing the Overtime Final Rule on December 1, 2016.  The case was heard in the United States District Court, Eastern District of Texas, Sherman Division (State of Nevada ET AL v. United States Department of Labor ET AL No: 4:16-CV-00731). The rule updated the standard salary level and provided a method to keep the salary level current to better effectuate Congress’s intent to exempt bona fide white collar workers from overtime protections.

>> Trump Officially Taps Perry to Lead Energy Department
Source: politico.com
Donald Trump intends to nominate former Texas Gov. Rick Perry to be secretary of energy, the president-elect’s transition team announced. "It is a tremendous honor to be selected to serve as Secretary of Energy by President-elect Trump. I am deeply humbled by his trust in me," Perry said. "As the former governor of the nation's largest energy producing state, I know American energy is critical to our economy and our security. I look forward to engaging in a conversation about the development, stewardship and regulation of our energy resources, safeguarding our nuclear arsenal, and promoting an American energy policy that creates jobs and puts America first."

>> Accella Performance Materials Receives National Performance Improvement Honor
Source: prnewswire.com
Accella Performance Materials is pleased to announce that its Accella Polyurethane Systems division has been recognized for exemplary efforts in improving environmental protection, health, safety and security (EHS&S) at its Rancho Cucamonga Facility in Rancho Cucamonga, CA by the Society of Chemical Manufacturers and Affiliates (SOCMA).

>> Ultimate RB announces expanded capacity and capabilities with specialty rolled rubber production
Source: prnewswire.com
Ultimate RB (a division of Accella Performance Materials), announced today that it has expanded its capacity for specialty rolled rubber production by 40% at its Delphos, Ohio facility. This expansion will allow the company to better meet the needs of its customers. The equipment installed includes a larger manufacturing process and a state-of-the-art cutting machine. A modernized addition to the plant was built to accommodate this new equipment. This new capacity is expected to reduce lead times on specialty rolled rubber products.

Recognizing the amount of energy used by the residential building sector, ASHRAE and IES are revising their residential energy standard with a goal of making it 50 percent more efficient than the 2006 International Energy Conservation Code, which serves as the industry benchmark.

>> Engineered Foam Market Worth 122.30 Billion USD by 2026
Source: prnewswire.com
The report "Engineered Foam Market by Material Type (Polyurethane, Polystyrene, Polyolefin), Form (Flexible, Rigid, Spray), End User (Aerospace & Defense, Medical & Healthcare, Transportation, Manufacturing & Construction), Region - Global Forecast to 2026", Published by MarketsandMarkets, the market is estimated at USD 57.30 Billion in 2016, and is expected to reach USD 122.30 Billion by 2026, at a CAGR of 7.9% from 2016 to 2026.