Company News
April 21, 2022
Dow Expanding Alkoxylation Capacity
Dow announces new alkoxylation capacity in U.S. and Europe to meet continued robust demand growth
Thu, April 21, 2022, 3:05 AM·6 min readIn this article:
- New capacity to support global growth in key end-markets delivering 10% to 15% annual growth rates
- Builds on previously announced capacity expansions, increasing Company’s global alkoxylation capacity by 70% vs. 2020 baseline, collectively
- Higher return and faster-payback projects expected to come online in 2024 and 2025
MIDLAND, Mich., April 21, 2022 /PRNewswire/ — Dow (NYSE: DOW) announced today plans to expand its global alkoxylation capacity in the U.S. and Europe to meet increasing demand across a wide range of fast-growing end-markets where the Company is delivering 10% to 15% annual growth rates, from home and personal care to industrial and institutional cleaning solutions and pharmaceuticals.
The faster-payback, higher return investments announced today will increase Dow’s capacity, while maintaining current carbon emissions levels through the use of efficient technologies and site improvements. These investments in the U.S. and Europe are backed by supply agreements with customers, including leading consumer brands, and expected to come online in 2024 and 2025, respectively.
“We have consistently seen increased demand for our alkoxylation capabilities aligned to industry sectors growing faster than GDP across the cycle,” said Brendy Lange, business vice president of Dow Industrial Solutions. “These latest investments are another demonstration of our commitment to customer collaboration and innovation backed by industry leading integration.”
Today’s announcement builds on the Company’s alkoxylation capacity expansions announced in 2018 in Louisiana and in 2019 in Spain, which are both on track to come online this year. In total, these and other efficiency projects are expected to generate more than $150 million in run-rate EBITDA by 2025, with returns greater than 20%. Collectively, Dow’s investments will result in approximately 70% global capacity growth for Dow and its customers since 2020.
Dow’s versatile alkoxylation assets upgrade basic materials science building blocks to produce safe and sustainable ingredients for cosmetics, household and industrial cleaning, home and personal care, crop defense, oil and gas, pharmaceuticals, paints and many other products for everyday use in a number of product lines, including TERGITOL™, UCON™, ECOSURF™, and CARBOWAX™ SENTRY™.
https://finance.yahoo.com/news/dow-announces-alkoxylation-capacity-u-100500396.html
April 21, 2022
Dow Expanding Alkoxylation Capacity
Dow announces new alkoxylation capacity in U.S. and Europe to meet continued robust demand growth
Thu, April 21, 2022, 3:05 AM·6 min readIn this article:
- New capacity to support global growth in key end-markets delivering 10% to 15% annual growth rates
- Builds on previously announced capacity expansions, increasing Company’s global alkoxylation capacity by 70% vs. 2020 baseline, collectively
- Higher return and faster-payback projects expected to come online in 2024 and 2025
MIDLAND, Mich., April 21, 2022 /PRNewswire/ — Dow (NYSE: DOW) announced today plans to expand its global alkoxylation capacity in the U.S. and Europe to meet increasing demand across a wide range of fast-growing end-markets where the Company is delivering 10% to 15% annual growth rates, from home and personal care to industrial and institutional cleaning solutions and pharmaceuticals.
The faster-payback, higher return investments announced today will increase Dow’s capacity, while maintaining current carbon emissions levels through the use of efficient technologies and site improvements. These investments in the U.S. and Europe are backed by supply agreements with customers, including leading consumer brands, and expected to come online in 2024 and 2025, respectively.
“We have consistently seen increased demand for our alkoxylation capabilities aligned to industry sectors growing faster than GDP across the cycle,” said Brendy Lange, business vice president of Dow Industrial Solutions. “These latest investments are another demonstration of our commitment to customer collaboration and innovation backed by industry leading integration.”
Today’s announcement builds on the Company’s alkoxylation capacity expansions announced in 2018 in Louisiana and in 2019 in Spain, which are both on track to come online this year. In total, these and other efficiency projects are expected to generate more than $150 million in run-rate EBITDA by 2025, with returns greater than 20%. Collectively, Dow’s investments will result in approximately 70% global capacity growth for Dow and its customers since 2020.
Dow’s versatile alkoxylation assets upgrade basic materials science building blocks to produce safe and sustainable ingredients for cosmetics, household and industrial cleaning, home and personal care, crop defense, oil and gas, pharmaceuticals, paints and many other products for everyday use in a number of product lines, including TERGITOL™, UCON™, ECOSURF™, and CARBOWAX™ SENTRY™.
https://finance.yahoo.com/news/dow-announces-alkoxylation-capacity-u-100500396.html
April 18, 2022
Palmer Holland Adds Line
Palmer Holland Announces Distribution Partnership with Synasia
April 18, 2022 Cleveland, OH – April 18, 2022 – Palmer Holland, a North American specialty chemical and fine ingredient distributor, announces its exclusive distribution partnership with Synasia in the United States (except for the western region) and all of Canada.
Synasia manufactures high-performance, environmentally friendly specialty epoxy resins. Its offerings of Cycloaliphatic Epoxy Resins can be found in a variety of applications such as SLA 3D printing, LED encapsulation adhesives, optical adhesives and UV-curing products, epoxy resin active diluents, outdoor electrical products, and PVC or PC stabilizers.
About Synasia
Synasia has two production plants in NanTong and YanTai, China, and a sales office is in Shanghai, China. We have more than 30 researchers with PhDs, master’s degrees, and key universities bachelor’s degrees in our R&D center, and aim to develop new materials, high-quality products, and excellent service. Our products are specialty epoxy resin and are widely used in aviation, aerospace, nuclear industry, electronic technology, wind power, photoelectricity industry, and new composite materials.Back to In The News
https://www.palmerholland.com/in-the-news/left-featured-article/Palmer-Holland-Partners-With-Synasia
April 18, 2022
Palmer Holland Adds Line
Palmer Holland Announces Distribution Partnership with Synasia
April 18, 2022 Cleveland, OH – April 18, 2022 – Palmer Holland, a North American specialty chemical and fine ingredient distributor, announces its exclusive distribution partnership with Synasia in the United States (except for the western region) and all of Canada.
Synasia manufactures high-performance, environmentally friendly specialty epoxy resins. Its offerings of Cycloaliphatic Epoxy Resins can be found in a variety of applications such as SLA 3D printing, LED encapsulation adhesives, optical adhesives and UV-curing products, epoxy resin active diluents, outdoor electrical products, and PVC or PC stabilizers.
About Synasia
Synasia has two production plants in NanTong and YanTai, China, and a sales office is in Shanghai, China. We have more than 30 researchers with PhDs, master’s degrees, and key universities bachelor’s degrees in our R&D center, and aim to develop new materials, high-quality products, and excellent service. Our products are specialty epoxy resin and are widely used in aviation, aerospace, nuclear industry, electronic technology, wind power, photoelectricity industry, and new composite materials.Back to In The News
https://www.palmerholland.com/in-the-news/left-featured-article/Palmer-Holland-Partners-With-Synasia
April 13, 2022
Another Bolt-on Acquisition for Applied Adhesives
Arsenal’s APPLIED Adhesives Acquires PRIME Industries MINNETONKA, Minn., April 12, 2022 – APPLIED Adhesives, a premier adhesive solutions provider in North America, today announced that it has completed its acquisition of PRIME Industries, a regional supplier of adhesives, sealants, and dispensing equipment solutions located in Denver, CO. This acquisition strengthens the Company’s commitment to providing industry leading products, technical expertise, and relentless service to its customers.
“We believe cultural fit is the most important factor when considering an acquisition, specifically the culture of how a company and its employees engage with their customers. The foundation of PRIME’s success is their ability to consistently exceed their customer’s expectations. PRIME’s customer focused cultural is a perfect match for how we partner with our customers at APPLIED,” said John Feriancek, President and CEO of APPLIED Adhesives. “I am thrilled that Dale and his team have chosen to join APPLIED and look forward to working together to continue delivering exceptional service and value to all PRIME customers.”
“We are proud of the business we have built and the value we have delivered to our customers for the past 27 years. We are grateful to our many loyal customers who have partnered with us to be a part of their success. We pride ourselves in partnering with customers to provide the best solutions for their adhesive and equipment needs,” said Dale Charles, Owner of PRIME Industries. “We now entrust this commitment to APPLIED. We are excited to join the APPLIED team and offer even more adhesive and equipment solutions while continuing to build strong relationships with new and existing customers.”
PRIME Industries is APPLIED Adhesives’ seventh acquisition in the past twelve months.
About APPLIED Adhesives
APPLIED Adhesives, founded in 1971, is a premier custom adhesive solutions provider in North America. The company is a value-added distributor of hot melt, water-based, and reactive adhesives as well as dispensing equipment. APPLIED Adhesives serves as a critical supply chain partner to leading adhesive manufacturers and formulators by offering reach and high service levels to an expansive customer base. For more information, please visit appliedadhesives.com.
About PRIME Industries Located in Denver, CO, PRIME Industries is a regional supplier with over 27 (1995) years of providing adhesives, dispensing equipment, and industrial sealants in the Rocky Mountain region. Their practical expertise in many industries, as well as all types of fabrication knowledge using most types of materials allows them to solving complex adhesive and dispensing equipment challenges. Please visit primei.com
About Arsenal Capital Partners Arsenal is a leading private equity firm that specializes in investments in middle-market industrial growth and healthcare companies. Since its inception in 2000, Arsenal has raised institutional equity investment funds of more than $10 billion, has completed more than 250 platform and add-on investments, and achieved more than 30 realizations. Arsenal invests in industry sectors in which the firm has significant prior knowledge and experience. The firm works with management teams to build strategically important companies with leading market positions, high growth, and high value-add. Visit www.arsenalcapital.com for more information.
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