Company News

August 29, 2019

Rokita Sales Update

Stagnant flexible foam market hits Rokita in H1 2019

Brzeg Dolny, Poland — First half 2019 EBITDA in the Polyurethane division of PCC Rokita fell by 26.8% compared with the first half of 2018. Earnings were PLN 20.99m ($5.3 m) in the 2019 period.

Sales in the division were almost unchanged at PLN 353m in first half of 2019.

The company blamed the ‘stagnant’ European flexible foam market for the situation. It added that high market availability of polyether polyols depressed prices in the half. It said there was ‘an intensive inflow of goods from the Sadara complex.’

The falling price of propylene oxide – a key polyol raw material – also depressed polyol prices. TDI prices also fell over most of the half. This helped reduce cost of TDI/polyether foam. This is making PU foam mattresses more competitive, Rokita added.

PCC Prodex is PCC’s polyurethane systems business. This saw sales grow the spray foam sector in the half.

The IRPC polyol business in Malaysia had a difficult half. The company blamed the because of easy availability of polyols in the region. ‘Aggressive commercial policies of major Asian producers,’ made the situation worse, said the company.

Looking across the company, sales were PLN 734m the first half 2019.This higher by 1.8% than the same period in 2018.

Meanwhile, EBITDA in the company grew by 2%. The company generated earnings of PLN 132m in the first half.

Currency conversion: XE.com

PCC Rokita numbers H1 2019 (PLN m)
2019 2018 Change %
Sales 734.4 721.2 1.8%
EBITDA 131.7 156.7 -16.0%
Margin % 17.9 21.7
Polyurethane
Sales 353.0 354.0 -0.3%
EBITDA 21.0 28.7 -26.8%
Margin % 5.9 8.1
Source: PCC Rokita

https://www.utech-polyurethane.com/news/stagnant-flexible-foam-market-hits-rokita-h1-2019

August 29, 2019

Rokita Sales Update

Stagnant flexible foam market hits Rokita in H1 2019

Brzeg Dolny, Poland — First half 2019 EBITDA in the Polyurethane division of PCC Rokita fell by 26.8% compared with the first half of 2018. Earnings were PLN 20.99m ($5.3 m) in the 2019 period.

Sales in the division were almost unchanged at PLN 353m in first half of 2019.

The company blamed the ‘stagnant’ European flexible foam market for the situation. It added that high market availability of polyether polyols depressed prices in the half. It said there was ‘an intensive inflow of goods from the Sadara complex.’

The falling price of propylene oxide – a key polyol raw material – also depressed polyol prices. TDI prices also fell over most of the half. This helped reduce cost of TDI/polyether foam. This is making PU foam mattresses more competitive, Rokita added.

PCC Prodex is PCC’s polyurethane systems business. This saw sales grow the spray foam sector in the half.

The IRPC polyol business in Malaysia had a difficult half. The company blamed the because of easy availability of polyols in the region. ‘Aggressive commercial policies of major Asian producers,’ made the situation worse, said the company.

Looking across the company, sales were PLN 734m the first half 2019.This higher by 1.8% than the same period in 2018.

Meanwhile, EBITDA in the company grew by 2%. The company generated earnings of PLN 132m in the first half.

Currency conversion: XE.com

PCC Rokita numbers H1 2019 (PLN m)
2019 2018 Change %
Sales 734.4 721.2 1.8%
EBITDA 131.7 156.7 -16.0%
Margin % 17.9 21.7
Polyurethane
Sales 353.0 354.0 -0.3%
EBITDA 21.0 28.7 -26.8%
Margin % 5.9 8.1
Source: PCC Rokita

https://www.utech-polyurethane.com/news/stagnant-flexible-foam-market-hits-rokita-h1-2019

August 15, 2019

Huntsman Distribution Update

Huntsman Polyurethanes announces ACS distributor in Canada

 

  8/15/2019 – The Woodlands, TX – Huntsman Corporation announced that Thames River Chemical (TRC) is now the primary distributor of Huntsman Polyurethanes’ Rubinate and Suprasec MDI isocyanates and Jeffol polyols for the Canadian adhesives, coatings and specialties (ACS) markets. Huntsman’s Rubinate and Suprasec isocyanates are used extensively in the development of polyurethane, polyurea and hybrid coating systems, along with primers for use on various substrates. These products help enhance the processability and performance of coatings and primers, providing superior physical properties chemical resistance and durability. When used with Rubinate and Suprasec isocyanates, Huntsman’s Jeffol polyether polyols can help formulators develop a variety of tailor-made systems for the ACS markets. “Huntsman is pleased to team-up with TRC, one of the leading chemical distributors in Canada. The agreement is a win-win for both companies, as it helps Huntsman expand our presence within the Canadian ACS markets, and allows TRC to offer a new line of polyurethane-based solutions to its customers,” said Daniel Rosenvasser, commercial manager, adhesives, coatings and specialties, Huntsman Polyurethanes. TRC has teamed up with Huntsman Polyurethanes for the adhesives, coatings and specialties market in Canada. With Huntsman’s leading urethane technology complimented by TRC’s sales and logistics abilities, Canadian ACS customers will be provided with cutting edge urethane solutions for years to come,” said Paul Moreau, vice president, sales and marketing, Thames River Chemical.

http://www.rubberworld.com/news.asp?id=28441

August 15, 2019

Huntsman Distribution Update

Huntsman Polyurethanes announces ACS distributor in Canada

 

  8/15/2019 – The Woodlands, TX – Huntsman Corporation announced that Thames River Chemical (TRC) is now the primary distributor of Huntsman Polyurethanes’ Rubinate and Suprasec MDI isocyanates and Jeffol polyols for the Canadian adhesives, coatings and specialties (ACS) markets. Huntsman’s Rubinate and Suprasec isocyanates are used extensively in the development of polyurethane, polyurea and hybrid coating systems, along with primers for use on various substrates. These products help enhance the processability and performance of coatings and primers, providing superior physical properties chemical resistance and durability. When used with Rubinate and Suprasec isocyanates, Huntsman’s Jeffol polyether polyols can help formulators develop a variety of tailor-made systems for the ACS markets. “Huntsman is pleased to team-up with TRC, one of the leading chemical distributors in Canada. The agreement is a win-win for both companies, as it helps Huntsman expand our presence within the Canadian ACS markets, and allows TRC to offer a new line of polyurethane-based solutions to its customers,” said Daniel Rosenvasser, commercial manager, adhesives, coatings and specialties, Huntsman Polyurethanes. TRC has teamed up with Huntsman Polyurethanes for the adhesives, coatings and specialties market in Canada. With Huntsman’s leading urethane technology complimented by TRC’s sales and logistics abilities, Canadian ACS customers will be provided with cutting edge urethane solutions for years to come,” said Paul Moreau, vice president, sales and marketing, Thames River Chemical.

http://www.rubberworld.com/news.asp?id=28441

August 14, 2019

Everchem Releases Video Business Card

Please take a minute and a half to watch this introduction to Everchem, the company that brings you the blog.  Thanks for your support!

 

Video courtesy of South9 LLC  For more information, visit www.davepatten.com/business-marketing-videos/