Company News
June 16, 2022
Elite to Build New Facility
Bedding manufacturer Elite Comfort to open first Maryland plant in Havre de Grace
By Lorraine MirabellaBaltimore Sun•Jun 06, 2022 at 11:48 am
Bedding manufacturer Elite Comfort Solutions plans to open its first Maryland plant in Havre de Grace and add 224 full-time jobs within three years.
The Georgia-based maker of specialty foam for bedding and furniture production will run a foam pouring and fabrication operation in a leased facility at 1900 Clark Road, located in a Harford County Enterprise Zone, where new job-creating businesses are eligible for tax breaks. The facility is expected to open in 2024.
Tyson Hagale, president of bedding products at manufacturer Leggett & Platt, Elite Comfort’s parent company, said the new facility is part of an overall expansion of the maker and producer of polyurethane foam technologies.
It makes Advanced Memory Foam, temperature responsive foam and conventional comfort foams used for the company’s boxed and finished mattresses, mattress and furniture components and other fabricated items. The company operates more than a dozen facilities across the U.S., in states including Arkansas, California, Georgia, North Carolina and Mississippi.
Gov. Larry Hogan, in an announcement Monday, called Elite’s decision to expand to Maryland a “huge gain” for the state’s manufacturing industry and Harford County’s economy.
The company will receive a $900,000 conditional loan through a state Department of Commerce program, Advantage Maryland, formerly known as the Maryland Economic Development Assistance Authority and Fund. Harford County also is providing a conditional loan, of $90,000, which will go toward workforce training costs. The manufacturer is eligible for state and local tax credits, such as the Enterprise Zone Property Tax Credit and the Job Creation Tax Credit.
“They join a growing list of national brands that have chosen Harford as an ideal place to do business,” Harford County Executive Barry Glassman said in an announcement Monday.
June 16, 2022
Elite to Build New Facility
Bedding manufacturer Elite Comfort to open first Maryland plant in Havre de Grace
By Lorraine MirabellaBaltimore Sun•Jun 06, 2022 at 11:48 am
Bedding manufacturer Elite Comfort Solutions plans to open its first Maryland plant in Havre de Grace and add 224 full-time jobs within three years.
The Georgia-based maker of specialty foam for bedding and furniture production will run a foam pouring and fabrication operation in a leased facility at 1900 Clark Road, located in a Harford County Enterprise Zone, where new job-creating businesses are eligible for tax breaks. The facility is expected to open in 2024.
Tyson Hagale, president of bedding products at manufacturer Leggett & Platt, Elite Comfort’s parent company, said the new facility is part of an overall expansion of the maker and producer of polyurethane foam technologies.
It makes Advanced Memory Foam, temperature responsive foam and conventional comfort foams used for the company’s boxed and finished mattresses, mattress and furniture components and other fabricated items. The company operates more than a dozen facilities across the U.S., in states including Arkansas, California, Georgia, North Carolina and Mississippi.
Gov. Larry Hogan, in an announcement Monday, called Elite’s decision to expand to Maryland a “huge gain” for the state’s manufacturing industry and Harford County’s economy.
The company will receive a $900,000 conditional loan through a state Department of Commerce program, Advantage Maryland, formerly known as the Maryland Economic Development Assistance Authority and Fund. Harford County also is providing a conditional loan, of $90,000, which will go toward workforce training costs. The manufacturer is eligible for state and local tax credits, such as the Enterprise Zone Property Tax Credit and the Job Creation Tax Credit.
“They join a growing list of national brands that have chosen Harford as an ideal place to do business,” Harford County Executive Barry Glassman said in an announcement Monday.
June 16, 2022
More Chlor-alkali Woes
Westlake declares force majeure on chlor-alkali throughout U.S. system
Jun. 15, 2022 8:06 PM ETWestlake Corporation (WLK)OLNBy: Carl Surran, SA News Editor1 Comment
Westlake (NYSE:WLK) -6.2% in Wednesday’s trading, tumbling to its lowest in more than three months, after it declared force majeure on chlorine and all grades of caustic soda throughout its U.S. system, S&P Global Platts reported.
Westlake (WLK) said its chlor-alkali production “has been directly and adversely impacted due to the sudden and unanticipated failures of critical processing equipment,” according to a letter seen by S&P Global.
Westlake (WLK) did not specify the sites affected by equipment failures, but S&P Global said the chlor-alkali unit in Natrium, West Virginia, has experienced equipment issues since concluding a recent turnaround and was operating at reduced rates.
S&P Global also reported the company has faced brine quality problems from a third-party provider at its Geismar, Louisiana, chlor-alkali unit, and has launched a complex-wide turnaround at its Plaquemine, Louisiana, site, including the chlor-alkali facility.
Westlake’s (WLK) force majeure came a day after top chlor-alkali producer Olin (OLN) said its Freeport, Texas, plant would temporarily idle a “significant portion” of its ethylene dichloride and related chlor-alkali production.
June 16, 2022
More Chlor-alkali Woes
Westlake declares force majeure on chlor-alkali throughout U.S. system
Jun. 15, 2022 8:06 PM ETWestlake Corporation (WLK)OLNBy: Carl Surran, SA News Editor1 Comment
Westlake (NYSE:WLK) -6.2% in Wednesday’s trading, tumbling to its lowest in more than three months, after it declared force majeure on chlorine and all grades of caustic soda throughout its U.S. system, S&P Global Platts reported.
Westlake (WLK) said its chlor-alkali production “has been directly and adversely impacted due to the sudden and unanticipated failures of critical processing equipment,” according to a letter seen by S&P Global.
Westlake (WLK) did not specify the sites affected by equipment failures, but S&P Global said the chlor-alkali unit in Natrium, West Virginia, has experienced equipment issues since concluding a recent turnaround and was operating at reduced rates.
S&P Global also reported the company has faced brine quality problems from a third-party provider at its Geismar, Louisiana, chlor-alkali unit, and has launched a complex-wide turnaround at its Plaquemine, Louisiana, site, including the chlor-alkali facility.
Westlake’s (WLK) force majeure came a day after top chlor-alkali producer Olin (OLN) said its Freeport, Texas, plant would temporarily idle a “significant portion” of its ethylene dichloride and related chlor-alkali production.
June 15, 2022
Olin Idling Freeport Production
Olin to idle part of chlor-alkali, EDC capacity at Texas plant on weak demand
Jun. 15, 2022 10:43 AM ETOlin Corporation (OLN)By: Carl Surran, SA News Editor
Olin (NYSE:OLN) -7.1% in Wednesday’s trading after saying it is temporarily curtailing a significant part of ethylene dichloride and related chlor-alkali production at its Freeport, Texas, plant, and epoxy and related upstream inputs production at its Freeport and Guaruja, Brazil, facilities, citing weaker than expected epoxy resin demand in North America and South America.
Olin (OLN) also said it has restarted half of its chlor-alkali unit at its Plaquemine, Louisiana, complex, with the rest of the plant expected to return to operations in early August.
The Freeport facility continues to operate at a reduced level of power generation, and the company expects part of the power generation will be restored in Q4.
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