The Urethane Blog

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One View of the L&P Acquisition of Elite

The performance of LEG post-ECS has deteriorated compared to that pre-ECS.

Despite spending an equivalent of about 1/3 of the 2021 Total Assets on acquisitions, its revenue growth rate was not double digits. With 4.3% CAGR revenue growth from 2015 to 2022, I would consider LEG a mature company in a mature sector.

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BASF Yeosu Site Celebration

BASF Korea held a ceremony on September 29th to commemorate 30 years of operations of its Yeosu site. The event looked back at the various milestones of the Yeosu site over the last 30 years and shared the vision for a sustainable future. The event was attended by Dr. Ramkumar Dhruva, President of BASF’s Monomers Division along with executives of major customers and suppliers.

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European Inflation

Red-Hot European Inflation Hits A New Record, Rising By Double Digits For The First Time. In the flash inflation release for September, Euro area headline HICP inflation rose 82bp to a record 10.0% (technically 9.96%), well above the median forecast of 9.7% and marks the fifth straight month the result has exceeded consensus.

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EVERCHEM UPDATE: VOL. 02 – Nearshoring

Multi-national companies have always had the option to move their primary production hubs as markets and costs shift, but what about small and medium enterprises?

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Everchem’s 20th Anniversary Dinner

Everchem 20th Anniversary Dinner at Ellis Preserve Ballroom | September 21st, 2022 | View the full gallery!

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Hurricane Ian Update

Hurricane Ian strengthened to a Category 3 storm early Tuesday morning, making it the second major hurricane of the Atlantic hurricane season. Ian hit the western half of Cuba overnight Monday with winds just over 100 mph and extremely heavy rainfall.

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Good News for Spray Foam

After last month’s jarring 12.6% tumble, which sent the SAAR to the lowest level since Jan 2016, US new home sales were expected to slide again if at a far more moderate pace

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Housing Drops

Comments confirmed that the mood is dismal and turning uglier by the day: “Although U.S. housing prices remain substantially above their year-ago levels, July’s report reflects a forceful deceleration,” says Craig J. Lazzara, Managing Director at S&P DJI. 

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LyondellBasell Changes

LyondellBasell (NYSE: LYB) today announces organizational changes to increase value from existing assets and targeted growth opportunities while accelerating the development of our circular and low carbon solutions to meet increasing market demand.