The Urethane Blog

EVERCHEM UPDATE: VOL. 06 – Private Equity Kings

Dry powder in abundance, the PE boys are looking to partner with like-minded entrepreneurs to build platforms of scale, promising the power of a national operation while keeping local relationships and an entrepreneurial culture. [Company Name] could be an excellent partner.

Security at BASF

A brief word about your background: you were previously with VW, and before that with Mediamarkt-Saturn. You were also with the police in Lower Saxony for 17 years — and can look back at some time spent in Afghanistan and Libya. The strong international aspect of your career will certainly help you with your new job …

Getting Serious

US – Brenntag, a global market leader in chemical and ingredient distribution, has confirmed the possibilities of a mega-merger in global chemical distribution after it held preliminary discussions with Univar Solutions over a potential acquisition.

Stockmeier Urethanes Expanding in Dubai

It‘s official: The fifth location of the STOCKMEIER Urethanes Group with headquarter in Dubai has been
founded.

Stepan Announces Increases

“Effective January 1, 2023, or as contracts allow, Stepan will increase the price for STEPANPOL® and TERATE® Rigid Polyester Polyols used in the Americas by $0.09 per pound.

Wow

Germany’s Brenntag SE is exploring a potential acquisition of US rival Univar Solutions Inc. that would cement its position as the world’s biggest chemical distributor and create a company with more than $30 billion in sales, people familiar with the matter said.

LyondellBasell Ethylene to Propylene

The potential expansion would involve building a new propylene facility using LyondellBasell’s existing technology to convert ethylene into propylene for use in the production of polypropylene and propylene oxide.

Remembering Lax Gupta

With heavy hearts, we would like to inform everyone that our owner and founder, Lax Gupta, has passed.

Tempur Sealy Results

Over the last couple quarters, we have extended some capital project timelines, and trimmed around the edges, cutting back on expected hiring and expenses. Going forward, we will keep the current operating environment in mind as we drive our competitive advantages to outperform the global bedding market and position ourselves well for the market’s eventual normalization.”

Urethane Highlights from Huntsman Earnings Call

We are announcing today the closure of 2 of our divisional HQ and a series of initiatives that will permanently remove an excess of $40 million from our European businesses

Covestro Pauses MDI Plant

It is the second time since early 2020 that the company has paused the project. When it had resumed in 2021, the company said it was considering building the plant in either the U.S. or China with commission planned for 2026.