Company News

August 5, 2019

Stockmeier Hosts WVMA

Stockmeier Urethanes USA was selected to host one of the 2019 Legislative
Lunch & Learn series for the West Virginia Manufacturers Association.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Photo During Plant Tour

Clarksburg, WV – July 2019 – STOCKMEIER Urethanes USA, Inc. was pleased to host
the West Virginia Manufacturers Association (WVMA) Lunch & Learn at their facility on
Tuesday, July 30. The WVMA created the Lunch & Learn series throughout the
Mountain State to give legislators and community leaders an opportunity to learn about
the manufacturing plants in WV and take tours of their facilities.

Chris Martinkat, Chairman and CEO of STOCKMEIER Urethanes, USA, spoke about
the history of the company, the growth seen for their USA facility and discussed policy
issues that affect everyday business for manufacturers in West Virginia. “It was an
honor to host the Lunch & Learn at our facility. I enjoyed sharing how STOCKMEIER
Urethanes began and our successes in the US with legislators and community leaders
and supporters. We chose West Virginia because there was a great deal of support for
us to establish our business here and we simply felt taken care of.” stated Martinkat.
“We are happy to be a member of the West Virginia Manufacturers Association as they
consistently advocate for us as well as serve as the voice for our industry to
policymakers and regulators.”

As a specialist within the STOCKMEIER Group, STOCKMEIER Urethanes GmbH & Co.
was founded in 1991 in Germany as a polyurethane systems house focused on the
development and manufacturing of coatings, adhesives, sealants and elastomers for a
wide range of sports and industrial markets. Operating worldwide with ISO 9001
certified production facilities and laboratories in Germany, France, the United Kingdom
and the United States, STOCKMEIER Urethanes provides customers with consistent
global delivery of high quality polyurethane products and services.
For more information on STOCKMEIER Urethanes please visit our website at
www.stockmeier-urethanes.com or contact us at +1-304-624-7002 or
urethanes.usa@stockmeier.com.

August 5, 2019

Stockmeier Hosts WVMA

Stockmeier Urethanes USA was selected to host one of the 2019 Legislative
Lunch & Learn series for the West Virginia Manufacturers Association.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Photo During Plant Tour

Clarksburg, WV – July 2019 – STOCKMEIER Urethanes USA, Inc. was pleased to host
the West Virginia Manufacturers Association (WVMA) Lunch & Learn at their facility on
Tuesday, July 30. The WVMA created the Lunch & Learn series throughout the
Mountain State to give legislators and community leaders an opportunity to learn about
the manufacturing plants in WV and take tours of their facilities.

Chris Martinkat, Chairman and CEO of STOCKMEIER Urethanes, USA, spoke about
the history of the company, the growth seen for their USA facility and discussed policy
issues that affect everyday business for manufacturers in West Virginia. “It was an
honor to host the Lunch & Learn at our facility. I enjoyed sharing how STOCKMEIER
Urethanes began and our successes in the US with legislators and community leaders
and supporters. We chose West Virginia because there was a great deal of support for
us to establish our business here and we simply felt taken care of.” stated Martinkat.
“We are happy to be a member of the West Virginia Manufacturers Association as they
consistently advocate for us as well as serve as the voice for our industry to
policymakers and regulators.”

As a specialist within the STOCKMEIER Group, STOCKMEIER Urethanes GmbH & Co.
was founded in 1991 in Germany as a polyurethane systems house focused on the
development and manufacturing of coatings, adhesives, sealants and elastomers for a
wide range of sports and industrial markets. Operating worldwide with ISO 9001
certified production facilities and laboratories in Germany, France, the United Kingdom
and the United States, STOCKMEIER Urethanes provides customers with consistent
global delivery of high quality polyurethane products and services.
For more information on STOCKMEIER Urethanes please visit our website at
www.stockmeier-urethanes.com or contact us at +1-304-624-7002 or
urethanes.usa@stockmeier.com.

August 5, 2019

Ravago Name Changes

Ravago Chemicals Consolidates Three Channel Companies Under One Brand

DistributorsServices-126217275.jpg
August 2, 2019
KEYWORDS specialty chemical distributors

Reprints

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ORLANDO, FL — Effective Aug. 1, 2019, Pacific Coast Chemicals, TH Hilson and TMC Materials have consolidated under one brand name, Ravago Chemicals North America (RCNA).

The consolidated Ravago Chemicals North America brand provides the flexibility to serve customers and suppliers both regionally and nationally while maximizing the speed and efficiency of a single brand. This collective approach allows the company to quickly understand and react to changing market dynamics while leveraging the strengths of the legacy channels across the company.

RCNA’s steady growth has continued to bring new customers, suppliers and colleagues into the rapidly growing specialty chemical and fine ingredient distribution business. RCNA is excited to bring the combined strength of its businesses to the North American market. The rebranding features a new website, a fresh and clean design to enhance the customer experience, an easy-to-use phone number (833/RAV.CHEM), along with a range of new changes to showcase RCNA’s strengths and reflect its brand positioning.

“Globally, we have embarked on rebranding Ravago’s chemical distribution business under the name Ravago Chemicals. This brand alignment reflects our overall strategy for global growth and alignment and is consistent with our desire to support our customers and suppliers both regionally or globally. Though our name is changing, our mission and fundamental values that have defined us will continue to be reflected in our new identity,” said Kevin Wettstein, Vice-President and General Manager.

Ravago Chemicals is a family-owned company that represents specialty chemical and fine ingredient producers. Its extensive portfolio allows the company to deliver creative, technical solutions while providing the highest level of service to over 15,000 active customers across more than 24 countries worldwide.

For more information on RCNA’s rebranding initiative or to learn more about the full capabilities of Ravago in the specialty chemical and fine ingredient markets, visit www.RavagoChemicals.com.

https://www.pcimag.com/articles/106413-ravago-chemicals-consolidates-three-channel-companies-under-one-brand

August 5, 2019

Ravago Name Changes

Ravago Chemicals Consolidates Three Channel Companies Under One Brand

DistributorsServices-126217275.jpg
August 2, 2019
KEYWORDS specialty chemical distributors

Reprints

No Comments

ORLANDO, FL — Effective Aug. 1, 2019, Pacific Coast Chemicals, TH Hilson and TMC Materials have consolidated under one brand name, Ravago Chemicals North America (RCNA).

The consolidated Ravago Chemicals North America brand provides the flexibility to serve customers and suppliers both regionally and nationally while maximizing the speed and efficiency of a single brand. This collective approach allows the company to quickly understand and react to changing market dynamics while leveraging the strengths of the legacy channels across the company.

RCNA’s steady growth has continued to bring new customers, suppliers and colleagues into the rapidly growing specialty chemical and fine ingredient distribution business. RCNA is excited to bring the combined strength of its businesses to the North American market. The rebranding features a new website, a fresh and clean design to enhance the customer experience, an easy-to-use phone number (833/RAV.CHEM), along with a range of new changes to showcase RCNA’s strengths and reflect its brand positioning.

“Globally, we have embarked on rebranding Ravago’s chemical distribution business under the name Ravago Chemicals. This brand alignment reflects our overall strategy for global growth and alignment and is consistent with our desire to support our customers and suppliers both regionally or globally. Though our name is changing, our mission and fundamental values that have defined us will continue to be reflected in our new identity,” said Kevin Wettstein, Vice-President and General Manager.

Ravago Chemicals is a family-owned company that represents specialty chemical and fine ingredient producers. Its extensive portfolio allows the company to deliver creative, technical solutions while providing the highest level of service to over 15,000 active customers across more than 24 countries worldwide.

For more information on RCNA’s rebranding initiative or to learn more about the full capabilities of Ravago in the specialty chemical and fine ingredient markets, visit www.RavagoChemicals.com.

https://www.pcimag.com/articles/106413-ravago-chemicals-consolidates-three-channel-companies-under-one-brand

August 1, 2019

Olin Q2 Epoxy Highlights

Olin Announces Second Quarter 2019 Results

CLAYTON, Mo., July 31, 2019 /PRNewswire/ —

Second Quarter 2019 Highlights

  • Net loss of $20.0 million and adjusted EBITDA of $204.6 million
  • Full year 2019 net income forecast of $132 million to $207 million
  • Adjusted EBITDA 2019 forecast of $1.075 billion to $1.175 billion
  • Successful refinancing completed in July – well positioned for 2020

Olin Corporation (NYSE: OLN) announced financial results for the second quarter ended June 30, 2019.

Second quarter 2019 reported net loss was $20.0 million, or $0.12 per diluted share, which compares to second quarter 2018 reported net income of $58.6 million, or $0.35 per diluted share.  Second quarter 2019 adjusted EBITDA of $204.6 million excludes depreciation and amortization expense of $151.4 million, restructuring charges of $3.8 million, information technology integration costs of $21.5 million and an environmental insurance-related settlement gain of $4.8 million.  Second quarter 2019 adjusted EBITDA includes a $20 million expense for environmental investigatory and remedial activities, related to future spending at a legacy manufacturing site.  Second quarter 2018 adjusted EBITDA was $325.4 million.  Sales in the second quarter of 2019 were $1,592.9 million compared to $1,728.4 million in the second quarter of 2018.

John E. Fischer, Chairman, President and Chief Executive Officer, said, “Consistent with our recent update, Olin reported second quarter 2019 adjusted EBITDA of $205 million, resulting in first half 2019 adjusted EBITDA of $475 million.  Looking to the year’s second half, we expect improved results due to a number of different factors, including seasonally higher volumes and operating rates across chlorine, chlorine-derivatives, and epoxy products, approximately $25 million of lower maintenance turnaround costs, improved caustic soda pricing, and the absence of several one-time negative events that occurred in the first half of the year.  Longer term, we continue to believe that the breadth of Olin’s chlorine derivative portfolio is an advantage.  We anticipate continued demand growth for chlor-alkali and epoxy products and minimal global capacity additions.  As a result, we believe that Olin remains well positioned to capitalize on these dynamics.

“The recently completed bond offering strengthens our financial position and increases our financial flexibility, while creating additional capital allocation options with the goal of maximizing long-term value for Olin’s shareholders.  With this offering, we have positioned Olin to refinance the high-cost bonds we assumed as part of the 2015 acquisition of Dow’s Chlorine Products Businesses with new term loans on attractive terms when these bonds become callable in late-2020,” Fischer concluded.

OUTLOOK

Several one-time events put downward pressure on Olin’s Epoxy segment during the second quarter of 2019.  Looking ahead, the Epoxy segment is poised for an improved performance in second half 2019 driven by higher seasonal volumes, resumption of normal customer operations following the re-opening of the International Terminal Company in Houston, Texas, and lower maintenance turnaround costs.

EPOXY

Epoxy sales for the second quarter 2019 were $518.8 million compared to $543.8 million in the second quarter 2018.  The decrease in Epoxy sales was primarily due to lower product prices partially offset by higher cumene and epoxy resin volumes.  The second quarter 2019 segment income was $3.9 million compared to $24.8 million in the second quarter 2018.  The decrease in Epoxy segment earnings was primarily due to lower product prices, partially offset by lower raw material costs, primarily benzene and propylene, and lower operating costs.  Epoxy second quarter 2019 results included depreciation and amortization expense of $25.8 million compared to $25.1 million in the second quarter 2018.

https://www.prnewswire.com/news-releases/olin-announces-second-quarter-2019-results-300894447.html