The Urethane Blog

Serta Simmons Unsecured Creditors

The filing lists the company’s 30 largest unsecured claims. The hardest hit were suppliers of springs, foam and nonwovens, and logistics companies.

Dow Quarterly Earnings Call Highlights

Most of what’s reported would have all that 4 world-scale MDI facilities coming on in 2023. I don’t think that’s our view of how that’s going to happen. That would be more spread over the 2023 to 2025-time period. And so I think that will take some of that pressure off of MDI.

Olin Q4 Earnings Call Highlights

And secondly, Scott, can you remind me when do the contracts with Dow expire? Is the beginning of ’25 or the end of ’25 and is that a big event for the company?

Dow Posts Results, to Cut Jobs

Materials science company Dow is cutting about 2,000 jobs, or approximately 5% of its global workforce, as part of an effort to reach $1 billion in cost savings this year.

Chinese Propylene Oxide Review

China’s total PO output in 2022 hit a record high of 3.76 million tonnes, up 8.7 percent.

Southeast Asia MDI Report

With higher vaccination coverage and loosening pandemic restrictions, most economies in Southeast Asia showed strong recovery momentum in the past year.

Serta Simmons Files for Chapter 11

Serta Simmons Files for Bankruptcy Amid Financing Controversy

1

Amelia Pollard and Luca Casiraghi

Tue,

Mearthane Recapitalization

Alantra, a leading global investment bank and asset management firm, is pleased to announce that Mearthane Products Corporation (“MPC”), a leader in proprietary, branded urethane-based technology, has been recapitalized by Compass Group Equity Partners (“CGEP”). The deal closed on December 23, 2022, and financial terms were not disclosed.

Crown Polymers Names Le President

Dustin has held various positions from formulating chemist, field technical service, lead engineering
manager, business segment management, to leadership roles in the polyurethane, polyurea, and
epoxy industries.

Universal Polymers Corporation Names Mittal President

Deepak Mittal has been involved with the American Polymers Corporation for the last 34 years. He
held various leadership roles including President of Ultimate Linings from 2008-2017. Since 2017
he has been Executive Vice President at UPC helping it grow to be a large spray foam systems
house.