Company News
November 22, 2019
Wanhua Update
19. November 2019
Wanhua: pursues goal of building MDI plant in the US
Wanhua stated on 2 November 2019, that it will pursue the goal of building a MDI plant in the US. The company previously pulled out of plans to build a new facility in St. James Parish, Louisiana, partly due to tariff war and resistance from residents and environmental groups.
During the preliminary design process, the project was rapidly changed due to the external environment, according to the company. Investment costs have increased significantly, and the company is reassessing the scope and location of US projects. Although the US MDI project has encountered some difficulties and challenges, the company still plans to have a production capacity of 400 kt MDI products in the United States.
The company announced that before the US project is put into production, it will continue to supply the North American market through the supply of existing products from China and Europe to ensure stable supply.
https://www.gupta-verlag.com/news/industry/23539/wanhua-pursues-goal-of-building-mdi-plant-in-the-us
November 22, 2019
Wanhua Update
19. November 2019
Wanhua: pursues goal of building MDI plant in the US
Wanhua stated on 2 November 2019, that it will pursue the goal of building a MDI plant in the US. The company previously pulled out of plans to build a new facility in St. James Parish, Louisiana, partly due to tariff war and resistance from residents and environmental groups.
During the preliminary design process, the project was rapidly changed due to the external environment, according to the company. Investment costs have increased significantly, and the company is reassessing the scope and location of US projects. Although the US MDI project has encountered some difficulties and challenges, the company still plans to have a production capacity of 400 kt MDI products in the United States.
The company announced that before the US project is put into production, it will continue to supply the North American market through the supply of existing products from China and Europe to ensure stable supply.
https://www.gupta-verlag.com/news/industry/23539/wanhua-pursues-goal-of-building-mdi-plant-in-the-us
November 22, 2019
Johns Manville to Acquire ITW Insulation Systems
Johns Manville Announces Acquisition of ITW Insulation Systems
DENVER–(BUSINESS WIRE)–Johns Manville (JM), a Berkshire Hathaway company and leading building products manufacturer, announced today it has signed an agreement to acquire ITW Insulation Systems, a business owned by Illinois Tool Works Inc. that is well known in the industrial industry for its premium, low-temperature polyisocyanurate foam insulations and metal jacketing solutions. The deal is expected to close in early December.
“This will give us greater versatility and allow JM’s Insulation Systems business to continue to offer a robust and well-rounded portfolio of insulation solutions.”
“The acquisition of ITW Insulation Systems represents an important strategic opportunity to offer expanded insulation solutions to the industrial market,” said JM President and CEO Mary Rhinehart. “This will give us greater versatility and allow JM’s Insulation Systems business to continue to offer a robust and well-rounded portfolio of insulation solutions.”
ITW Insulation Systems has 100 employees who work at four manufacturing plants in the U.S. and Canada (Houston, Texas; La Porte, Texas; Edmonton, Alberta; and Mississauga, Ontario).
ITW Insulation Systems’ primary markets include refining, petrochemical, power, LNG, food & beverage, oil sands and other energy applications.
“There is substantial growth occurring in the cold and cryogenic markets,” said Bob Wamboldt, President of JM’s Insulation Systems business. “We wanted to participate more actively in this space and the product portfolio offered by ITW Insulation Systems allows us to do exactly that.”
JM plans to integrate ITW Insulation Systems as a key part of its industrial insulation portfolio without making significant changes to the existing operations at ITW Insulation Systems.
“JM’s Industrial Insulation business is a market leader, producing the broadest product portfolio of any manufacturer in the industrial insulation industry,” said Dave Skelly, General Manager of Performance Materials at JM. “Historically, this has included high-temperature calcium silicate, expanded perlite, mineral wool, microporous blankets and silica aerogel, and now, with the addition of ITW Insulation Systems, our portfolio includes both low-temperature polyisocyanurate foams and metal jacketing. These additions make our industrial insulation portfolio incredibly robust and allow us to be a single source for our customers’ insulation and jacketing needs.”
About Johns Manville
Johns Manville, a Berkshire Hathaway company (NYSE: BRK.A, BRK.B), is a leading manufacturer and marketer of premium-quality building and specialty products. In business since 1858, the Denver-based company has annual sales over $3 billion and holds leadership positions in all of the key markets that it serves. Johns Manville employs 8,000 people and operates 42 manufacturing facilities in North America, Europe and China. Additional information can be found at www.jm.com.
https://www.businesswire.com/news/home/20191121005093/en/Johns-Manville-Announces-Acquisition-ITW-Insulation-Systems
November 22, 2019
Johns Manville to Acquire ITW Insulation Systems
Johns Manville Announces Acquisition of ITW Insulation Systems
DENVER–(BUSINESS WIRE)–Johns Manville (JM), a Berkshire Hathaway company and leading building products manufacturer, announced today it has signed an agreement to acquire ITW Insulation Systems, a business owned by Illinois Tool Works Inc. that is well known in the industrial industry for its premium, low-temperature polyisocyanurate foam insulations and metal jacketing solutions. The deal is expected to close in early December.
“This will give us greater versatility and allow JM’s Insulation Systems business to continue to offer a robust and well-rounded portfolio of insulation solutions.”
“The acquisition of ITW Insulation Systems represents an important strategic opportunity to offer expanded insulation solutions to the industrial market,” said JM President and CEO Mary Rhinehart. “This will give us greater versatility and allow JM’s Insulation Systems business to continue to offer a robust and well-rounded portfolio of insulation solutions.”
ITW Insulation Systems has 100 employees who work at four manufacturing plants in the U.S. and Canada (Houston, Texas; La Porte, Texas; Edmonton, Alberta; and Mississauga, Ontario).
ITW Insulation Systems’ primary markets include refining, petrochemical, power, LNG, food & beverage, oil sands and other energy applications.
“There is substantial growth occurring in the cold and cryogenic markets,” said Bob Wamboldt, President of JM’s Insulation Systems business. “We wanted to participate more actively in this space and the product portfolio offered by ITW Insulation Systems allows us to do exactly that.”
JM plans to integrate ITW Insulation Systems as a key part of its industrial insulation portfolio without making significant changes to the existing operations at ITW Insulation Systems.
“JM’s Industrial Insulation business is a market leader, producing the broadest product portfolio of any manufacturer in the industrial insulation industry,” said Dave Skelly, General Manager of Performance Materials at JM. “Historically, this has included high-temperature calcium silicate, expanded perlite, mineral wool, microporous blankets and silica aerogel, and now, with the addition of ITW Insulation Systems, our portfolio includes both low-temperature polyisocyanurate foams and metal jacketing. These additions make our industrial insulation portfolio incredibly robust and allow us to be a single source for our customers’ insulation and jacketing needs.”
About Johns Manville
Johns Manville, a Berkshire Hathaway company (NYSE: BRK.A, BRK.B), is a leading manufacturer and marketer of premium-quality building and specialty products. In business since 1858, the Denver-based company has annual sales over $3 billion and holds leadership positions in all of the key markets that it serves. Johns Manville employs 8,000 people and operates 42 manufacturing facilities in North America, Europe and China. Additional information can be found at www.jm.com.
https://www.businesswire.com/news/home/20191121005093/en/Johns-Manville-Announces-Acquisition-ITW-Insulation-Systems
November 18, 2019
UPS and CVS Partner on Drone Delivery
UPS is rolling along with its drone delivery program, working with partner CVS Pharmacy to deliver prescription drugs to customer doorsteps via its newly deployed commercial drones. UPS delivered medications to two paying customers on November 1 using the Matternet M2 drone system that the logistics company is using in partnership with Matternet ..
UPS received approval last month from the FAA to fly its fleet of commercial drones in service of customers, and now it plans to iterate its drone delivery program “in the coming months,” with the aim of ensuring that it can deploy UAVs in a commercial capacity at increasing scale. It also launched “UPS Flight Forward,” a dedicated division focused on autonomous drone delivery.
For these early deliveries, drones were loaded with prescriptions filled by pharmacists at a CVS location in Cary, NC. Once a UPS employee loaded the cargo onto the drones, they flew autonomously from the store location to nearby customer homes, dropping off the packages from a hover height of around 20 feet above these locations. One of the customers has mobility challenges that would make travel to a CVS store for prescription pickup difficult, UPS points out.
This isn’t the first time UPS has deployed drones in a healthcare industry setting: The company has been working with Mattternet and WakeMed Hospital in Raleigh, doing commercial deliveries of medical samples in a B2B setting.
UPS and CVS deliver prescription medicine via drone to US residential customers for the first time
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