Company News
January 2, 2020
Adient Profile
‘We’ve been pretty upfront about what needs to be done,’ a stoic DelGrosso said from his corner office in suburban Detroit in November, shortly after sharing some bad news with his headquarters staff. ‘I thanked them for taking the burden on.’
‘The burden’ is what DelGrosso has declared as a back-to-Basics’ drive. He believes Adient — the world’s biggest seat supplier, with 2018 revenue of $17.4 bn — has been distracted by costly ideas not core to its business. He intends to scale back from those distractions and focus on what made Adient powerful: car seats.
DelGrosso: Share the pain
‘With so much uncertainty, I decided to take decisive action,’ DelGrosso said. ‘I think people get it. They probably don’t like it, but it was the right thing to do. We’re continuing on the path we’re on.’
CEO Doug DelGrosso said Adient is allowing questionable operations to expire.
Read more here: https://www.utech-polyurethane.com/news/adient-restructures-2020-breakeven?utm_source=utech-north-america&utm_medium=email&utm_campaign=20191231&utm_content=idio-headline1
January 2, 2020
Adient Profile
Adient restructures for 2020 breakeven
‘We’ve been pretty upfront about what needs to be done,’ a stoic DelGrosso said from his corner office in suburban Detroit in November, shortly after sharing some bad news with his headquarters staff. ‘I thanked them for taking the burden on.’
‘The burden’ is what DelGrosso has declared as a back-to-Basics’ drive. He believes Adient — the world’s biggest seat supplier, with 2018 revenue of $17.4 bn — has been distracted by costly ideas not core to its business. He intends to scale back from those distractions and focus on what made Adient powerful: car seats.
DelGrosso: Share the pain
‘With so much uncertainty, I decided to take decisive action,’ DelGrosso said. ‘I think people get it. They probably don’t like it, but it was the right thing to do. We’re continuing on the path we’re on.’
CEO Doug DelGrosso said Adient is allowing questionable operations to expire.
Read more here: https://www.utech-polyurethane.com/news/adient-restructures-2020-breakeven?utm_source=utech-north-america&utm_medium=email&utm_campaign=20191231&utm_content=idio-headline1
December 24, 2019
LyondellBasell Announces Chinese PO Plant
LyondellBasell and Sinopec plan new China JV to produce PO and SM
09:35 AM | December 24, 2019 | Natasha Alperowicz
The new complex is expected to produce 300,000 metric tons/year of PO and 600,000 metric tons/year of SM. Construction will begin in early 2020 with start-up expected in 2022. The facility will use LyondellBasell’s PO/SM technology. Products produced will be marketed equally by both companies. The existing facility at Ningbo is designed to produce 620,000 metric tons/year of SM, according to IHS Markit data.
According to IHS Markit, China makes up more than 60% of the Asian chemicals market demand and represents 40% of global chemicals growth over the next decade. PO and SM are core products for LyondellBasell.
“Joint ventures in strategic regions are an important part of our growth strategy,” said Bob Patel, CEO of LyondellBasell. “As demand for construction materials, packaging, and furnishings continues to grow, we see an opportunity to bring together our leading technology with Sinopec’s operational capabilities to further serve the Chinese market.”
LyondellBasell also recently signed an agreement with Liaoning Bora Enterprise Group to form a 50/50 JV to operate a 1.1-million metric tons/year steam cracker and polyolefin plants at Panjin, China. Separately, LyondellBasell is currently building the largest next-generation PO/tertiary butyl alcohol plant in the world near Houston, Texas. “This cooperation on the second PO/SM unit between Sinopec and LyondellBasell is based on the successful partnership of the first unit,” said Dai Houliang, chairman of Sinopec. “It is in line with China’s further opening-up policy and is another achievement of international cooperation of Sinopec. The products will help meet the increasing demand from the domestic market.
https://chemweek.com/CW/Document/108152/
December 24, 2019
LyondellBasell Announces Chinese PO Plant
LyondellBasell and Sinopec plan new China JV to produce PO and SM
09:35 AM | December 24, 2019 | Natasha Alperowicz
The new complex is expected to produce 300,000 metric tons/year of PO and 600,000 metric tons/year of SM. Construction will begin in early 2020 with start-up expected in 2022. The facility will use LyondellBasell’s PO/SM technology. Products produced will be marketed equally by both companies. The existing facility at Ningbo is designed to produce 620,000 metric tons/year of SM, according to IHS Markit data.
According to IHS Markit, China makes up more than 60% of the Asian chemicals market demand and represents 40% of global chemicals growth over the next decade. PO and SM are core products for LyondellBasell.
“Joint ventures in strategic regions are an important part of our growth strategy,” said Bob Patel, CEO of LyondellBasell. “As demand for construction materials, packaging, and furnishings continues to grow, we see an opportunity to bring together our leading technology with Sinopec’s operational capabilities to further serve the Chinese market.”
LyondellBasell also recently signed an agreement with Liaoning Bora Enterprise Group to form a 50/50 JV to operate a 1.1-million metric tons/year steam cracker and polyolefin plants at Panjin, China. Separately, LyondellBasell is currently building the largest next-generation PO/tertiary butyl alcohol plant in the world near Houston, Texas. “This cooperation on the second PO/SM unit between Sinopec and LyondellBasell is based on the successful partnership of the first unit,” said Dai Houliang, chairman of Sinopec. “It is in line with China’s further opening-up policy and is another achievement of international cooperation of Sinopec. The products will help meet the increasing demand from the domestic market.
https://chemweek.com/CW/Document/108152/
December 20, 2019
Evonik Polyurethanes Names Vice President
17. December 2019
Evonik Polyurethanes: Osama Arabi Katbi new Vice President Americas
Effective from 1 November 2019, Osama Arabi Katbi has been appointed as new Vice President Americas for Evonik’s Polyurethanes business, Comfort & Insulation. Based in Allentown, PA, USA, he will be a member of the global Management Team and responsible for leading the business within the Americas region.
Osama Arabi Katbi (Source: Evonik)
Having spent nearly 20 years with Evonik, Osama Arabi Katbi began his career in 2000 when he joined the Process Technology and Engineering group as a process engineer in Mobile, AL, USA. He has since worked for Evonik’s Oil Additives business, first in manufacturing and then in supply chain. He then joined Procurement in Parsippany, NJ, USA, before moving to Germany to take up a position in Evonik’s Procurement Strategy group.
Prior to joining Comfort & Insulation, he has been working for the company’s Health Care business as a Global Business Director within the Pharma & Food Ingredients product line leading global business strategy, marketing, pricing and product development for health care and medical nutrition applications.
https://www.gupta-verlag.com/news/personnel/23658/evonik-polyurethanes-osama-arabi-katbi-new-vice-president-americas
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