Company News
February 17, 2022
Univar to Distribute COIM Polyester Polyols
Univar Solutions Named Exclusive Distributor of COIM USA’s Diexter-G™, Isoexter™ and Hydroexter™ for Coatings, Adhesives and Sealants Products
Customers in the United States and Canada can now access an even more robust portfolio of polyester polyols and specialty resins for increased performance and sustainability
News provided by Univar Solutions Inc.
Feb 16, 2022, 16:15 ET
DOWNERS GROVE, Ill., Feb. 16, 2022 /PRNewswire/ — Univar Solutions Inc. (NYSE: UNVR) (“Univar Solutions” or “the Company”), a global chemical and ingredient distributor and provider of value-added services, today announced its selection as the exclusive distributor of Diexter-G™, Isoexter™ and Hydroexter™ from COIM USA, Inc. in the United States and Canada. COIM’s polyester polyols and specialty resins are used to enhance the properties of coatings, adhesives and sealants (CAS) and will complement Univar Solutions’ existing CAS product lines.
Univar Solutions Named Exclusive Distributor of COIM USA
“We’re excited to enhance our already robust high-performance polyester and polyurethane technologies product line through our new collaboration with COIM. This allows Univar Solutions to be even more valuable to our customers and help solve their toughest challenges, develop more innovative and sustainable products and reduce time to market,” said Chris Fitzgerald, global vice president, CASE, Rubber and Plastic Additives for Univar Solutions. “With this exclusive authorization, we continue to strengthen our product portfolio, expand our ability to meet the needs of customers in the United States and Canada and drive new growth opportunities through higher performing and more innovative and sustainable solutions.”
The versatility, performance and adaptability of Diexter-G, Isoexter and Hydroexter make them well-suited for use in a wide range of applications, from industrial and polyurethane coatings, adhesives, and sealants to resin synthesis and color dispersions. Polyesters are used in CAS applications for mechanical properties, flexibility and impact resistance, adhesion, solvent, oil, fuel and oxidation resistance, abrasion and chip resistance, weatherability and UV resistance.
“This new partnership with Univar Solutions will allow even more customers in the United States and Canada to benefit from COIM’s unique, industry-leading product development, technical support and manufacturing experience in polyester polyol materials,” said Robert Tauchen, vice president, polyurethanes at COIM USA. “We continue to expand our portfolio to address strong market demands for polyol’s, helping enable customers to meet performance, sustainability and profitability challenges in the CAS application space.”
For more information about Univar Solutions’ portfolio of CASE ingredients and specialty chemicals, including technical support and innovation, visit univarsolutions.com/CASE.
About Univar Solutions
Univar Solutions (NYSE: UNVR) is a leading global commodity and specialty chemical and ingredient distributor representing a premier portfolio from the world’s leading producers. With the industry’s largest private transportation fleet and technical sales force, unparalleled logistics know-how, deep market and regulatory knowledge, formulation and recipe development, and leading digital tools, the Company is well-positioned to offer tailored solutions and value-added services to a wide range of markets, industries, and applications. While fulfilling its purpose to help keep communities healthy, fed, clean and safe, Univar Solutions is committed to helping customers and suppliers innovate and focus on Growing Together. Learn more at univarsolutions.com.
About COIM Group
COIM is an Italian multinational founded in 1962, which develops and produces polycondensation (esters) and polyaddition (polyurethane) products and many other specialty chemicals. With 5 production plants and 20 locations on 4 different continents, COIM Group is able to combine local presence with a global approach right around the world. More than 1000 people work every day to achieve the mission of understanding and satisfying customers’ needs, expectations and aspirations. Learn more at https://www.us.coimgroup.com
February 17, 2022
Olin Power Issues at Freeport
FREEPORT POWER PRODUCTION REDUCED
- PR Newswire
- 15 hrs ago
CLAYTON, Mo., Feb. 16, 2022 /PRNewswire/ — Olin Corporation (NYSE: OLN) announced that our Freeport, Texas facility experienced mechanical failures at two of its six power generation units over the past weekend. There were no injuries or environmental events; however, our Freeport site is operating at a reduced level of power generation. We do not anticipate any change to our first quarter 2022 adjusted EBITDA outlook.
COMPANY DESCRIPTION
Olin Corporation is a leading vertically-integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. The chemical products produced include chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach, and hydrochloric acid. Winchester’s principal manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.
Visit www.olin.com for more information on Olin.
February 17, 2022
Olin Power Issues at Freeport
FREEPORT POWER PRODUCTION REDUCED
- PR Newswire
- 15 hrs ago
CLAYTON, Mo., Feb. 16, 2022 /PRNewswire/ — Olin Corporation (NYSE: OLN) announced that our Freeport, Texas facility experienced mechanical failures at two of its six power generation units over the past weekend. There were no injuries or environmental events; however, our Freeport site is operating at a reduced level of power generation. We do not anticipate any change to our first quarter 2022 adjusted EBITDA outlook.
COMPANY DESCRIPTION
Olin Corporation is a leading vertically-integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. The chemical products produced include chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach, and hydrochloric acid. Winchester’s principal manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.
Visit www.olin.com for more information on Olin.
February 16, 2022
Huntsman Epoxy Comments from Investors Call
Peter Huntsman
Let’s turn to Slide number 7. Advanced materials reported adjusted EBITDA of $54 million in the quarter, significantly above last year’s fourth quarter and the best fourth quarter ever despite in aerospace market, which is still some time away from a full recovery. Typically, the fourth quarter is a seasonally weaker quarter. However, the positive momentum in our sales and pricing actions continued into the fourth quarter across our specialty portfolio.
We discussed throughout 2021, our core aerospace business continued to show year-over-year growth with modest improvements in commercial production rates. We estimate that our aerospace EBITDA is approximately $45 million below pre-pandemic levels. In addition, we continue to increase prices across our portfolio in response to raw material and logistic cost inflation. These pricing actions have positive – have positioned us well for improved margins in the first quarter of 2022.
The recent acquisitions of CVC and Gabriel helped to drive our record results in the quarter and the integration of these businesses remained well on track. To date, we’ve achieved $12 million in synergies, and we’re confident that another $11 million will be achieved by 2023. Underlying demand for the Advanced Materials division is tracking well. And as aerospace recover, we expect this division to consistently generate additional EBITDA margins of 20% or better.
We will continue to grow this division organically and through targeted bolt-on acquisitions. We expect the momentum with which we exited the fourth quarter to continue into the first quarter. The combination of improved automotive and aerospace demand synergies in improved margins will drive year-over-year growth. As a result, we expect first quarter adjusted EBITDA to be between $58 million and $62 million, which is an impressive 36% year-over-year improvement at the midpoint of this guidance.
February 16, 2022
Huntsman Epoxy Comments from Investors Call
Peter Huntsman
Let’s turn to Slide number 7. Advanced materials reported adjusted EBITDA of $54 million in the quarter, significantly above last year’s fourth quarter and the best fourth quarter ever despite in aerospace market, which is still some time away from a full recovery. Typically, the fourth quarter is a seasonally weaker quarter. However, the positive momentum in our sales and pricing actions continued into the fourth quarter across our specialty portfolio.
We discussed throughout 2021, our core aerospace business continued to show year-over-year growth with modest improvements in commercial production rates. We estimate that our aerospace EBITDA is approximately $45 million below pre-pandemic levels. In addition, we continue to increase prices across our portfolio in response to raw material and logistic cost inflation. These pricing actions have positive – have positioned us well for improved margins in the first quarter of 2022.
The recent acquisitions of CVC and Gabriel helped to drive our record results in the quarter and the integration of these businesses remained well on track. To date, we’ve achieved $12 million in synergies, and we’re confident that another $11 million will be achieved by 2023. Underlying demand for the Advanced Materials division is tracking well. And as aerospace recover, we expect this division to consistently generate additional EBITDA margins of 20% or better.
We will continue to grow this division organically and through targeted bolt-on acquisitions. We expect the momentum with which we exited the fourth quarter to continue into the first quarter. The combination of improved automotive and aerospace demand synergies in improved margins will drive year-over-year growth. As a result, we expect first quarter adjusted EBITDA to be between $58 million and $62 million, which is an impressive 36% year-over-year improvement at the midpoint of this guidance.
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