Company News

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)

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.

www.evonik.com

https://www.gupta-verlag.com/news/personnel/23658/evonik-polyurethanes-osama-arabi-katbi-new-vice-president-americas

December 11, 2019

Hexion Announces Price Increases

Hexion Inc. to Raise Prices for Epoxy Resins in Americas

COLUMBUS, Ohio–(BUSINESS WIRE)–Hexion Inc. (“Hexion” or the “Company”) today announced that it will increase all off-list pricing for the following epoxy resins in North America and South America effective January 6, 2020, or as contracts allow. This price adjustment is primarily driven by increases in key raw material costs. All other terms and conditions of sale remain unchanged.

Products:

Increase:

EPONTM Liquid Epoxy Resin

$0.03 PER POUND for off-list prices

EPONTM Solid Epoxy Resin

$0.03 PER POUND for off-list prices

Hexion account managers will contact customers to discuss this announcement in more detail.

About the Company

Based in Columbus, Ohio, Hexion Inc. is a global leader in thermoset resins. Hexion Inc. serves the global adhesive, coatings, composites and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. Additional information about Hexion Inc. and its products is available at www.hexion.com.

https://www.businesswire.com/news/home/20191210005870/en/

December 11, 2019

Hexion Announces Price Increases

Hexion Inc. to Raise Prices for Epoxy Resins in Americas

COLUMBUS, Ohio–(BUSINESS WIRE)–Hexion Inc. (“Hexion” or the “Company”) today announced that it will increase all off-list pricing for the following epoxy resins in North America and South America effective January 6, 2020, or as contracts allow. This price adjustment is primarily driven by increases in key raw material costs. All other terms and conditions of sale remain unchanged.

Products:

Increase:

EPONTM Liquid Epoxy Resin

$0.03 PER POUND for off-list prices

EPONTM Solid Epoxy Resin

$0.03 PER POUND for off-list prices

Hexion account managers will contact customers to discuss this announcement in more detail.

About the Company

Based in Columbus, Ohio, Hexion Inc. is a global leader in thermoset resins. Hexion Inc. serves the global adhesive, coatings, composites and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. Additional information about Hexion Inc. and its products is available at www.hexion.com.

https://www.businesswire.com/news/home/20191210005870/en/

December 10, 2019

Simmons Reinvented

SSB relaunches Simmons brand, targets Gen Z and Millennials

ATLANTA – Serta Simmons Bedding is relaunching its legacy Simmons brand as a playful, value-priced ‘first mattress’ line aimed at Gen Z and Millennials. The move is part of an overall brand refresh and innovation push that began in 2018, when SSB merged with direct-to-consumer brand Tuft & Needle, the company said.

SSB is promising to “disrupt the disruptors” with the new Simmons line. The company will continue to market its higher-priced beds under its Beautyrest banner.

Two beds in the new Simmons line, retailing at $299 for a memory foam mattress in queen and $349 for a hybrid in queen, will launch in early December at key retailers like Wayfair.com and Walmart.com, officials said. The beds will debut at Costco in January.

The collection will expand to additional models in 2020 that will be sold both online and with key brick-and-mortar dealers, the company said.

SSB officials said the new line represents a “radical relaunch” of the 150-year-old Simmons brand, which has been “reimagined for a world where beds come in boxes, quick-ship is demanded and life stages rule consumer mattress purchasing decisions.”

Read more here:  https://www.furnituretoday.com/bedding-manufacturers/ssb-relaunches-simmons-brand-targets-gen-z-and-millennials/

December 10, 2019

Simmons Reinvented

SSB relaunches Simmons brand, targets Gen Z and Millennials

ATLANTA – Serta Simmons Bedding is relaunching its legacy Simmons brand as a playful, value-priced ‘first mattress’ line aimed at Gen Z and Millennials. The move is part of an overall brand refresh and innovation push that began in 2018, when SSB merged with direct-to-consumer brand Tuft & Needle, the company said.

SSB is promising to “disrupt the disruptors” with the new Simmons line. The company will continue to market its higher-priced beds under its Beautyrest banner.

Two beds in the new Simmons line, retailing at $299 for a memory foam mattress in queen and $349 for a hybrid in queen, will launch in early December at key retailers like Wayfair.com and Walmart.com, officials said. The beds will debut at Costco in January.

The collection will expand to additional models in 2020 that will be sold both online and with key brick-and-mortar dealers, the company said.

SSB officials said the new line represents a “radical relaunch” of the 150-year-old Simmons brand, which has been “reimagined for a world where beds come in boxes, quick-ship is demanded and life stages rule consumer mattress purchasing decisions.”

Read more here:  https://www.furnituretoday.com/bedding-manufacturers/ssb-relaunches-simmons-brand-targets-gen-z-and-millennials/