The Urethane Blog
Everchem Updates
VOLUME XXI
September 14, 2023
Everchem’s exclusive Closers Only Club is reserved for only the highest caliber brass-baller salesmen in the chemical industry. Watch the hype video and be introduced to the top of the league: — read more
April 6, 2021
HSM doubling mattress production capacity
- From staff reports
- Apr 4, 2021
HS Manufacturing has expanded its mattress manufacturing facility in Hickory to double the company’s capacity and streamline the construction process.
The bedding manufacturer, a subsidiary of Hickory Springs Manufacturing Co., is combining its bedding operation under one roof — a 160,000-square-foot facility, according to a news release from HSM.
The expansion puts mattress assembly, innerspring coiling production, individually wrapped pocketed coil production and roll-pack operations all in one facility. The expansion also means adding another 50 employees to increase manufacturing capacity.
The expansion will help the company meet a growing demand for bedding products, the release said.
“By combining all of our bedding operations in one location, we dramatically increase our efficiency and improve our ability to better serve our customers,” said Tim Witherell, vice president and general manager of HSM bedding products, in the news release. “This is particularly important now as our customers are experiencing significant growth in demand.”
The expansion and combination of plants, which is expected to be complete in April, will also boost production of other products like fabric-encased mattress coils and micro-coil systems.
Before the expansion and consolidation to one plant, bedding components would travel between multiple facilities during the manufacturing process. Witherell said HSM does not anticipate any service disruptions during the transition.
April 6, 2021
Future Foam buys land for expansion
Pat Kimbrough, The High Point Enterprise, N.C.March 30, 2021·1 min read
Mar. 30—ARCHDALE — Property records show Future Foam has bought 66 acres in Randolph County it recently had rezoned for an expansion.
The company, a manufacturer of foam materials, last month paid a total of $1.77 million for six parcels along U.S. 311 just south of Archdale, according to deeds that have been recorded for the transactions.
The land was sold by the heirs of Robert Worth White and Gladys M. Davis, according to the deeds.- ADVERTISEMENT –
The land is part of about 170 acres the Archdale City Council has rezoned for light industrial use to accommodate the company’s plans for a fabrication facility that would fashion foam components for bedding, furniture and medical applications.
The land is not in the city but is within Archdale’s extraterritorial jurisdiction. The company has not submitted any annexation applications or development plans for the property, according to the city.
The newly purchased land is bordered by another 104 acres to the south between Tom Hill Road and U.S. 311 that the city rezoned for Future Foam earlier this month.
Property records show this larger tract, which is owned by Betty J. Hill, has not yet been purchased by Future Foam.
The company makes foam at its Prospect Street plant in High Point and plans to ship it to the proposed new facility, where it will be cut to different sizes and shapes to make other products.
Future Foam has not announced a timeline for its plans.
https://news.yahoo.com/future-foam-buys-land-expansion-064500299.html
April 6, 2021
Future Foam buys land for expansion
Pat Kimbrough, The High Point Enterprise, N.C.March 30, 2021·1 min read
Mar. 30—ARCHDALE — Property records show Future Foam has bought 66 acres in Randolph County it recently had rezoned for an expansion.
The company, a manufacturer of foam materials, last month paid a total of $1.77 million for six parcels along U.S. 311 just south of Archdale, according to deeds that have been recorded for the transactions.
The land was sold by the heirs of Robert Worth White and Gladys M. Davis, according to the deeds.- ADVERTISEMENT –
The land is part of about 170 acres the Archdale City Council has rezoned for light industrial use to accommodate the company’s plans for a fabrication facility that would fashion foam components for bedding, furniture and medical applications.
The land is not in the city but is within Archdale’s extraterritorial jurisdiction. The company has not submitted any annexation applications or development plans for the property, according to the city.
The newly purchased land is bordered by another 104 acres to the south between Tom Hill Road and U.S. 311 that the city rezoned for Future Foam earlier this month.
Property records show this larger tract, which is owned by Betty J. Hill, has not yet been purchased by Future Foam.
The company makes foam at its Prospect Street plant in High Point and plans to ship it to the proposed new facility, where it will be cut to different sizes and shapes to make other products.
Future Foam has not announced a timeline for its plans.
https://news.yahoo.com/future-foam-buys-land-expansion-064500299.html
April 5, 2021
01 April 2021
Covestro successfully completes acquisition of Resins & Functional Materials business from DSM
Significant step towards implementing the company’s long-term strategy
- Covestro to become one of the leading global suppliers for sustainable coating resins
- Acquisition adds around EUR 1 billion in revenues
- Consequent implementation of sustainable growth strategy
On April 1, 2021, Covestro succesfully completed the acquisition of the Resins & Functional Materials business (RFM) from the Dutch company Royal DSM. The transaction received regulatory approval after Covestro and DSM signed an acquisition agreement in late September 2020. The transaction substantially expands Covestro’s portfolio of sustainable coating resins, making the Group one of the world’s leading providers in this growth market. The integration of RFM will expand the Group’s revenues by around EUR 1 billion and will add more than 20 sites to its global production network.
“The acquisition of RFM significantly contributes to the implementation of our new Group strategy. With this transaction, we are taking another important step towards sustainability, while at the same time generating sustainable growth,” said Dr. Markus Steilemann, CEO of Covestro. “We are looking forward to meeting our new colleagues and warmly welcoming them to Covestro.”
With the transaction, Covestro is expanding its business in several areas. The Group is already one of the leading global providers of water-based polyurethane dispersions. The acquisition of RFM adds a complete range of water-based polyacrylate resins, as well as strong brands in terms of sustainability such as Niaga®, solutions for additive manufacturing, and an advanced solar coatings business. In addition, Covestro is enhancing its technology portfolio to include water-based hybrid technologies, powder coating resins as well as radiation curing resins.
Sucheta Govil, Chief Commercial Officer at Covestro: “With this transaction, we are strengthening our extensive portfolio with further innovative products and technologies that will enable us to meet our customers’ needs in optimal fashion. Now our focus is on integrating the teams, leveraging talent and providing the best possible support for our new and existing customers.”
Following a comprehensive analysis, Covestro expects permanent (“run-rate”) synergy effects to build-up to about EUR 120 million per annum from full integration by 2025. These consist of approximately two-thirds of cost and one-third of revenue synergies.
April 5, 2021
01 April 2021
Covestro successfully completes acquisition of Resins & Functional Materials business from DSM
Significant step towards implementing the company’s long-term strategy
- Covestro to become one of the leading global suppliers for sustainable coating resins
- Acquisition adds around EUR 1 billion in revenues
- Consequent implementation of sustainable growth strategy
On April 1, 2021, Covestro succesfully completed the acquisition of the Resins & Functional Materials business (RFM) from the Dutch company Royal DSM. The transaction received regulatory approval after Covestro and DSM signed an acquisition agreement in late September 2020. The transaction substantially expands Covestro’s portfolio of sustainable coating resins, making the Group one of the world’s leading providers in this growth market. The integration of RFM will expand the Group’s revenues by around EUR 1 billion and will add more than 20 sites to its global production network.
“The acquisition of RFM significantly contributes to the implementation of our new Group strategy. With this transaction, we are taking another important step towards sustainability, while at the same time generating sustainable growth,” said Dr. Markus Steilemann, CEO of Covestro. “We are looking forward to meeting our new colleagues and warmly welcoming them to Covestro.”
With the transaction, Covestro is expanding its business in several areas. The Group is already one of the leading global providers of water-based polyurethane dispersions. The acquisition of RFM adds a complete range of water-based polyacrylate resins, as well as strong brands in terms of sustainability such as Niaga®, solutions for additive manufacturing, and an advanced solar coatings business. In addition, Covestro is enhancing its technology portfolio to include water-based hybrid technologies, powder coating resins as well as radiation curing resins.
Sucheta Govil, Chief Commercial Officer at Covestro: “With this transaction, we are strengthening our extensive portfolio with further innovative products and technologies that will enable us to meet our customers’ needs in optimal fashion. Now our focus is on integrating the teams, leveraging talent and providing the best possible support for our new and existing customers.”
Following a comprehensive analysis, Covestro expects permanent (“run-rate”) synergy effects to build-up to about EUR 120 million per annum from full integration by 2025. These consist of approximately two-thirds of cost and one-third of revenue synergies.
Everchem Updates Archive 
Sign Up for Email Updates