THE URETHANE BLOG

EVERCHEM UPDATE: VOL. 07 – Green Lights and Bailouts

EVERCHEM UPDATE: VOL. 07 – Green Lights and Bailouts

GREEN LIGHT: It’s that unwonted time of year again, the slow drag of December selloffs has finalized, and the purchasing department dogs are let loose. BAILOUTS: Once an economic downturn presents itself in grandiose enough manner to be leveraged, victimhood goes in vogue.

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Polycoat Management Changes

Polycoat Management Changes

The owners of American Polymers Corp. would like to announce appointments of Ashish
Dhuldhoya as the new President of Polycoat Products and of Dev Kumar and Dr. Mahesh Kotnis, as
Executive Vice Presidents of American Polymers Corp.

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More on the Ports

More on the Ports

Gene Seroka, the executive director of the Port of Los Angeles, told Bloomberg the days of more than 100 container ships waiting in queue and massive container backlogs are all but over. 

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Chinese Spandex Update

Chinese Spandex Update

The COVID-19 pandemic infection peak has been passed in fabric manufacturing bases in Zhejiang and Jiangsu. The worry of production resumption after the Lunar New Year’s (LNY) holiday has been mitigated. Buyers were active in purchasing spandex after the New Year’s Day.

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Univar Discussions

Univar Discussions

The PE firms are evaluating offers and potential buyers are holding discussions with Univar (UNVR) this month, according to traders, who cited a Bloomberg report. The talks are early and Univar hasn’t decided if it will sell itself.

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BASF Breaks Ground on MDI Project in Geismar

BASF Breaks Ground on MDI Project in Geismar

BASF has broken ground on the third and final phase of the methylene diphenyl diisocyanate (MDI) expansion project at its Verbund site in Geismar, Louisiana, announced in July 2022.

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Imports Normalizing

Imports Normalizing

The “new normal” is looking a lot like the old normal as U.S. imports continue to fall

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Mattress Firm Pulls IPO

Mattress Firm Pulls IPO

Mattress Firm (MFRM) has pulled plans for an initial public offering as retailers brace for a possible recession later this year.

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U.S. Auto Sales

November Total Vehicle Sales in the U.S. were 14.65M Units

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Mattress Imports in November 2022

U.S. imports of Mattresses and other bedding products totaled $348.83 million in November, a change of -32.62 percent from the same month one year ago.

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