Epoxy

September 16, 2022

Zarnitz Joins Everchem

Everchem Specialty Chemicals is pleased to announce that Charlie Zarnitz has joined our team as Director for Business Development. Charlie has over 40 years of experience with epoxy resins, working on both the formulator side and as a raw material supplier. He has held positions in both technical and commercial management and looks forward to working closely with our customers to support their profitable growth.


Everchem Specialty Chemicals is a sales, marketing and technology driven company supplying the North American market with urethane, epoxy and specialty industrial chemicals. Our sourcing abilities, coupled with our technical and market expertise result in real savings of both time and money for our customers.


Charlie can be reached at 856-371-2398 or at charlie@everchem.com.

September 16, 2022

Zarnitz Joins Everchem

Everchem Specialty Chemicals is pleased to announce that Charlie Zarnitz has joined our team as Director for Business Development. Charlie has over 40 years of experience with epoxy resins, working on both the formulator side and as a raw material supplier. He has held positions in both technical and commercial management and looks forward to working closely with our customers to support their profitable growth.


Everchem Specialty Chemicals is a sales, marketing and technology driven company supplying the North American market with urethane, epoxy and specialty industrial chemicals. Our sourcing abilities, coupled with our technical and market expertise result in real savings of both time and money for our customers.


Charlie can be reached at 856-371-2398 or at charlie@everchem.com.

September 16, 2022

Huntsman Reduces Forecast

Huntsman Updates Third Quarter 2022 Outlook

THE WOODLANDS, Texas, Sept. 16, 2022 /PRNewswire/ — During Huntsman’s (NYSE: HUN) second quarter earnings conference call, the Company provided third quarter adjusted EBITDA guidance of between approximately $310 million and $355 million, excluding Textile Effects. The Company now expects third quarter adjusted EBITDA from continuing operations to be between $260 million and $280 million. As previously announced, Huntsman will begin reporting Textile Effects as discontinued operations following the announced agreement to sell the division to Archroma, a portfolio company of SK Capital Partners.

Peter Huntsman, Chairman, President, and CEO commented:

“Huntsman is feeling the same pressures as others in the industry as we are being impacted by persistent and extraordinary cost of energy in Europe, together with lower than expected demand across segments in our portfolio, primarily within Polyurethanes and Performance Products. The economy in China continues to lag our expectations due to continued Covid-related lockdowns. While the United States remains our most resilient market, demand in residential housing has slowed.

“We remain on track to exceed our previously announced cost optimization and synergy program and expect to deliver an annualized run rate of approximately $170 million by year-end. Given the current operating environment, we are evaluating further cost reduction and optimization opportunities and we are actively moving product into Europe from our facilities in the United States and Asia.”

https://www.huntsman.com/news/media-releases/detail/537/huntsman-updates-third-quarter-2022-outlook

September 16, 2022

Huntsman Reduces Forecast

Huntsman Updates Third Quarter 2022 Outlook

THE WOODLANDS, Texas, Sept. 16, 2022 /PRNewswire/ — During Huntsman’s (NYSE: HUN) second quarter earnings conference call, the Company provided third quarter adjusted EBITDA guidance of between approximately $310 million and $355 million, excluding Textile Effects. The Company now expects third quarter adjusted EBITDA from continuing operations to be between $260 million and $280 million. As previously announced, Huntsman will begin reporting Textile Effects as discontinued operations following the announced agreement to sell the division to Archroma, a portfolio company of SK Capital Partners.

Peter Huntsman, Chairman, President, and CEO commented:

“Huntsman is feeling the same pressures as others in the industry as we are being impacted by persistent and extraordinary cost of energy in Europe, together with lower than expected demand across segments in our portfolio, primarily within Polyurethanes and Performance Products. The economy in China continues to lag our expectations due to continued Covid-related lockdowns. While the United States remains our most resilient market, demand in residential housing has slowed.

“We remain on track to exceed our previously announced cost optimization and synergy program and expect to deliver an annualized run rate of approximately $170 million by year-end. Given the current operating environment, we are evaluating further cost reduction and optimization opportunities and we are actively moving product into Europe from our facilities in the United States and Asia.”

https://www.huntsman.com/news/media-releases/detail/537/huntsman-updates-third-quarter-2022-outlook

September 15, 2022

EVERCHEM UPDATE: VOL. 01 – China zero-COVID and EU Gas Crisis

The Everchem Update is a new biweekly publication of under-reported polyurethane industry news – insider views and conversation about the polyurethane market.