The Urethane Blog
November 29, 2021
November 19, 2021
Dear Valued Customer:
Effective January 1, 2022, or as contracts allow, Stepan will increase the price for STEPANPOL®
and TERATE® Rigid Polyester Polyols used in the Americas by $0.09 per pound. This increase is
necessary due to the continued rapid inflation in costs associated with raw materials, manufacturing,
energy, labor, and transportation.
Due to the magnitude of cost increases in flame retardants, all STEPANPOL® and TERATE®
products containing flame retardant will increase by an additional $.19 per pound for a total of $.28
per pound.
We appreciate your support and value your continued business. Your Stepan sales representative
will be in contact with you to address any questions or concerns.
November 29, 2021
November 19, 2021
Dear Valued Customer:
Effective January 1, 2022, or as contracts allow, Stepan will increase the price for STEPANPOL®
and TERATE® Rigid Polyester Polyols used in the Americas by $0.09 per pound. This increase is
necessary due to the continued rapid inflation in costs associated with raw materials, manufacturing,
energy, labor, and transportation.
Due to the magnitude of cost increases in flame retardants, all STEPANPOL® and TERATE®
products containing flame retardant will increase by an additional $.19 per pound for a total of $.28
per pound.
We appreciate your support and value your continued business. Your Stepan sales representative
will be in contact with you to address any questions or concerns.
November 29, 2021
November 18, 2021
Dear Valued Customer
Due to the continued escalation of costs to manufacture products including raw materials,
transportation, labor and energy, the price of CASE Stepanpol® polyols in the Americas will increase
by up to $0.20/lbs depending on grades. This increase will be effective for all shipments on January
1, 2022 or as contracts allow.
Your Stepan Sales Representative will be in contact with you to address any questions or concerns.
We appreciate your support and value your continued business.
November 29, 2021
November 18, 2021
Dear Valued Customer
Due to the continued escalation of costs to manufacture products including raw materials,
transportation, labor and energy, the price of CASE Stepanpol® polyols in the Americas will increase
by up to $0.20/lbs depending on grades. This increase will be effective for all shipments on January
1, 2022 or as contracts allow.
Your Stepan Sales Representative will be in contact with you to address any questions or concerns.
We appreciate your support and value your continued business.
November 23, 2021
Independent proxy advisors ISS and Glass Lewis recommend Recticel shareholders vote “FOR” the sale of its Engineered Foams business to Carpenter Co.
Regulated information, Brussels, 22/11/2021 — 06:55 CET, 22.11.2021
Recticel notes the recommendation from leading independent proxy advisory firms Institutional Investment Shareholder Services Inc. (ISS) and Glass Lewis Europe Ltd. (Glass Lewis) that Recticel shareholders vote “FOR” both resolutions regarding the earlier announced intended sale of its Engineered Foams business to Carpenter Co. The resolutions concerned are submitted for approval at the Special General Meeting (SGM) to be held on December 6, 2021 and form an essential element for Recticel’s strategic plan.
Following the unsolicited offer by Greiner AG (the prospectus related to the voluntary takeover bid is available on the bidder’s website), Recticel’s Board of Directors initiated a complete review of its strategic alternatives taking into account the interest of all stakeholders. After due consideration of these alternatives, the Board of Directors came to the conclusion that a better strategic project and superior value can be created by pursuing a strategy to separate Recticel’s businesses and not only divest its Bedding business line but also divest its Engineered Foams business line.
Recticel’s Board of Directors reiterates its strong recommendation that all shareholders participate in the Special General Meeting on 6 December 2021.
30 November 2021 is the deadline for confirmation of attendance for the SGM to be held on 6 December 2021. Shareholder votes can be casted in advance by post until 30 November 2021 or in electronic format via the Recticel corporate website until 5 December 2021.
More information about Recticel’s strategic plan, the Response Memorandum and all practical SGM participation and voting instructions can be found here: www.recticel.com/sgm-yourvotecounts.
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