Company News

October 9, 2019

Missed This Somehow

China’s Wanhua Buys Sweden’s Chematur for USD134.4 Million Ahead of MDI Plant Deal

Tang Shihua
/SOURCE : yicai
 

(Yicai Global) July 31 — China’s Wanhua Chemical Group has acquired Sweden’s Chematur Technologies for CNY925 million (USD134.4 million) to improve its research and development abilities in Europe before another purchase from the same seller regarding a chemical plant in China’s Fujian province.

Wanhua has bought the entire equity of Chematur from Kangnaier Investment Group, the Shandong province-based firm said in a statement yesterday. The former parent did not disclose the reason for selling the asset.

Wanhua is also planning to buy an 80 percent stake in Kangnaier’s upcoming methylene diphenyl isocyanate plant in Fujian, with an annual production capacity of 800,000 tons of the chemical used to make coatings, foams, and adhesives. The factory is scheduled to be put into operation in October.

Wanhua aims to enhance its global competitiveness via the acquisition, it said. The firm made one-fifth of the global supply of MDI last year, according to its annual report.

In 2014, Kangnaier bought the Orebro-based chemical firm for nearly USD100 million.

Editor: Emmi Laine

https://www.yicaiglobal.com/news/china-wanhua-buys-sweden-chematur-for-usd1344-million-ahead-of-mdi-plant-deal

October 9, 2019

Missed This Somehow

China’s Wanhua Buys Sweden’s Chematur for USD134.4 Million Ahead of MDI Plant Deal

Tang Shihua
/SOURCE : yicai
 

(Yicai Global) July 31 — China’s Wanhua Chemical Group has acquired Sweden’s Chematur Technologies for CNY925 million (USD134.4 million) to improve its research and development abilities in Europe before another purchase from the same seller regarding a chemical plant in China’s Fujian province.

Wanhua has bought the entire equity of Chematur from Kangnaier Investment Group, the Shandong province-based firm said in a statement yesterday. The former parent did not disclose the reason for selling the asset.

Wanhua is also planning to buy an 80 percent stake in Kangnaier’s upcoming methylene diphenyl isocyanate plant in Fujian, with an annual production capacity of 800,000 tons of the chemical used to make coatings, foams, and adhesives. The factory is scheduled to be put into operation in October.

Wanhua aims to enhance its global competitiveness via the acquisition, it said. The firm made one-fifth of the global supply of MDI last year, according to its annual report.

In 2014, Kangnaier bought the Orebro-based chemical firm for nearly USD100 million.

Editor: Emmi Laine

https://www.yicaiglobal.com/news/china-wanhua-buys-sweden-chematur-for-usd1344-million-ahead-of-mdi-plant-deal

October 1, 2019

Latexco Expands in the West

Latexco US set to begin foam production in Phoenix

David Perry // Executive Editor, Furniture Today • September 30, 2019

PHOENIX — Latexco US has completed the relocation of its western operations to a facility here and will be fully operational with polyurethane foam production before the end of the year, the company said.

In addition to providing additional foam production capacity at the new 100,000-square-foot facility, the Latexco West operation provides fulfillment services for the company’s growing customer base, officials said.

Read more here:  https://www.furnituretoday.com/bedding-manufacturers/latexco-us-set-to-begin-foam-production-in-phoenix/

October 1, 2019

Latexco Expands in the West

Latexco US set to begin foam production in Phoenix

David Perry // Executive Editor, Furniture Today • September 30, 2019

PHOENIX — Latexco US has completed the relocation of its western operations to a facility here and will be fully operational with polyurethane foam production before the end of the year, the company said.

In addition to providing additional foam production capacity at the new 100,000-square-foot facility, the Latexco West operation provides fulfillment services for the company’s growing customer base, officials said.

Read more here:  https://www.furnituretoday.com/bedding-manufacturers/latexco-us-set-to-begin-foam-production-in-phoenix/

September 27, 2019

Shepherd Chemical Names Everchem Exclusive Distributor of BiCAT Polyurethane Catalysts

Shepherd Chemical Announces New Distribution Agreement
with Everchem Specialty Chemicals

 

 

 

 

September 30, 2019 – Effective September 1, 2019, The Shepherd Chemical Company,
headquartered in Cincinnati, OH, has signed an exclusive distribution agreement with Everchem
Specialty Chemicals for BiCAT® polyurethane catalysts in the United States and Canada.
Partnering with Everchem to distribute and support Shepherd’s BiCAT® opportunities brings the
ability to better serve customers with more packaging options, a broad portfolio of urethane raw
materials and improved ongoing technical support.

“At Shepherd Chemical our core purpose is to Create Value and Brighten Lives. Our exclusive North
American partnership with Everchem will do both of those things for our customers in the
Polyurethane market.” says Kelly Wray, Shepherd Chemical Global Sales Manager. “Everchem
brings extensive knowledge, experience and focus in representing our BiCAT® catalysts and they
have an in-depth understanding of the needs of polyurethane customers. We are confident that our
customers will enjoy their level of service and the options that Everchem offers for ordering and
packaging. Through Everchem, Shepherd will continue to deliver the same level of quality and
consistency that BiCAT® customers have come to appreciate. We look forward to working closely
together to support the market.”

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shepherd Chemical and Everchem Executives outside Shepherd’s Norwood, OH Facility

 

Bill Lewis, Everchem’s VP of Business Development and Sales, adds, “Everchem is delighted to have
been chosen by Shepherd Chemical to grow their presence in the North American urethane
marketplace. Shepherd is a world-class domestic producer of catalysts. Their innovative bismuth
and zinc-based products are an intriguing alternative to tin based catalysts. Their technical and
production expertise should work well with our focus and insight on the urethane marketplace."
The first to develop hydrolytically stable bismuth carboxylates, Shepherd earned the CPI
Polyurethane Innovation Award in 2016. Now, with Everchem Specialty Chemicals supporting
Shepherd as a trusted distribution partner, Shepherd Chemical and Everchem will continue to
create value for our customers through quality products and flexible, responsive service.

Please contact Everchem for all BiCAT ® orders and inquiries at:
Everchem Specialty Chemicals
Rose Tree Corporate Center
1400 N Providence Rd., Suite 302
Media, PA 19063
(484) 234-5030
www.everchem.com

For all other inquiries contact:
The Shepherd Chemical Company
4900 Beech Street
Norwood, OH 45212-2398
www.shepchem.com