The Urethane Blog
November 15, 2021
Casper Q3 Results, Announces Sale to Durational Capital Management
Casper Reports Third Quarter Results
Nov. 15, 2021 8:16 AM ETCasper Sleep Inc. (CSPR)
Emilie Arel Appointed Chief Executive Officer
NEW YORK–(BUSINESS WIRE)– Casper Sleep Inc. (CSPR) (“Casper” or the “Company”) (NYSE: CSPR) today announced financial results for the quarter ended September 30, 2021 (the “third quarter 2021”). The Company also announced that Emilie Arel, who serves as President and Chief Commercial Officer at Casper, has been appointed Chief Executive Officer, assuming the role from Casper Co-Founder, Philip Krim, effective November 15, 2021. Separately, the Company announced that it has entered into a definitive agreement to be acquired by Durational Capital Management LP (“Durational”) for $6.90 per share in an all-cash transaction expected to close in the first quarter of 2022.
Third Quarter 2021 Financial Highlights (as compared to the quarter ended September 30, 2020)
- Revenue increased 26.8% to an all-time quarterly record of $156.5 million;
- Direct-to-Consumer revenue, inclusive of Casper’s 72 retail stores and e-commerce channel, increased 6.7% to $96.5 million;
- Retail Partnership revenue increased 78.6% to $60.0 million;
- Gross Profit decreased $4.6 million, or 6.7%, to $63.9 million;
- Net Loss increased by $9.4 million, or 59.4%, to $25.3 million, inclusive of a $2.4 million one-time lease write-off charge;
- Adjusted EBITDA loss of $12.1 million, compared to a loss of $7.5 million; and
- Cash and cash equivalents were $43.1 million on September 30, 2021.
Commenting on the third quarter 2021 results and proposed transaction, Casper’s Chief Executive Officer, Philip Krim, said, “Our strong top-line growth of 26.8% and ability to onboard additional world-class retail partners, such as Sleep Country, continues to underscore the strength of our brand and value proposition of our award-winning mattresses and sleep products. However, ongoing industry-wide supply chain challenges are resulting in sustained inflationary pressures across the industry impacting our ability to meet demand effectively and efficiently and impairing the Company’s liquidity position.
“Casper’s Board of Directors in consultation with outside advisors, has evaluated a range of strategic and financial alternatives over several months and determined after careful consideration that the transaction proposed by Durational is superior to all other alternatives available. The proposed acquisition offers shareholders immediate and substantial value, and ensures the business has the financial flexibility required to support continued growth. In addition, Durational is committed to building on the strength of the Casper brand, products, omni-channel platform, and employees, to further improve the customer experience and create new opportunities for Casper.”
Mr. Krim added, “I am pleased to announce Emilie Arel’s appointment as Chief Executive Officer. Emilie and I have worked together toward this goal for a long time and her new responsibilities reflect our focus on prioritizing talent development across the company. Emilie’s background and experience at world-class brands including Quidsi, Gap and Target will be of great benefit to Casper – she is a leader who will take bold steps and work across departments to advance our strategic initiatives by leveraging the resources she has available and motivating those around her.”
With over 20 years of leadership experience across retail, merchandising, customer experience, and marketing, Emilie Arel has led Casper’s commercial and brand strategy. Previously, Emilie was the CEO of FULLBEAUTY Brands, a plus-size apparel company, where she led the company through a debt restructuring and put the company on the path to a digital transformation. Prior to that, she served as the CEO of Quidsi, an Amazon company with 10 brands, including Diapers.com and Soap.com. Earlier in her career, Emilie spent seven years with Gap Inc. where she held multiple positions and led a team of 12,000+ employees and 220+ stores. Before joining Gap, Emilie held various roles at Target Corporation. Emilie earned MBAs from Columbia University Business School and the University of California, Berkeley.
Mr. Krim concluded, “I could not be more excited about Casper’s future under Emilie’s leadership and with Durational’s partnership. Durational is committed to building on the strength of the Casper brand by leveraging our accomplishments, unparalleled customer experience, omni-channel platform and market position to further improve the customer experience and create new opportunities for the Casper family of employees. In summary, Emilie’s leadership and our agreement with Durational creates immediate and substantial value for our shareholders and charts a clear path forward to deliver value for all stakeholders as we continue to bring better sleep to more people.”
Commenting on her appointment, Emilie Arel, President and Chief Commercial Officer stated, “I am excited to take on the Chief Executive role at this time of change at Casper. Philip and the founding team disrupted the mattress industry by introducing a new type of shopping experience and built a beloved brand with award-winning products and approximately $500 million in annual sales. Under Durational, Casper will have financial flexibility to accelerate our growth plans, and I look forward to working closely with Durational and with all of Casper’s talented team members to deliver on the tremendous potential of this business in the months and years ahead.”
Withdrawal of Outlook for Certain Financial Metrics
In light of the pending transaction, the Company today withdrew all of its financial guidance for the year ending December 31, 2021.
Cancellation of Third Quarter 2021 Conference Call
The Company will not be conducting its third quarter 2021 conference call and webcast, previously scheduled for today, November 15, 2021 at 5:00 p.m. Eastern Time. The Company plans to file its quarterly report on Form 10-Q with the Securities and Exchange Commission (the “SEC”) on November 15, 2021.
Casper periodically provides information for investors on its corporate website, casper.com, and its investor relations website, ir.casper.com. This includes press releases and other information about financial performance, reports filed or furnished with the SEC and information on corporate governance.
About Casper
Casper believes everyone should sleep better. The Sleep Company has a full portfolio of obsessively engineered sleep products—including mattresses, pillows, bedding, and furniture designed in-house by the Company’s award-winning R&D team at Casper Labs. In addition to its e-commerce business, Casper owns and operates Sleep Shops across North America and its products are available at a growing list of retailers.
Important Information and Where to Find It
In connection with the proposed transaction between the Company and Durational Capital Management LP, a special stockholder meeting will be announced soon to obtain stockholder approval in connection with the proposed transaction. The Company expects to file with the SEC a proxy statement (the “Proxy Statement”), the definitive version of which will be sent or provided to the Company stockholders. The Company may also file other documents with the SEC regarding the proposed transaction. This document is not a substitute for the Proxy Statement or any other document which the Company may file with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of the Proxy Statement (when it is available) and other documents that are filed or will be filed with the SEC by the Company through the website maintained by the SEC at www.sec.gov, the Company’s investor relations website at https://ir.casper.com or by contacting the Company investor relations department at cspr@jcir.com.
Participants in the Solicitation
The Company and certain of its directors, executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding the persons who may, under the rules of the SEC, be considered to be participants in the solicitation of the Company’s stockholders will be set forth in the Proxy Statement for its special stockholder meeting. The Company’s stockholders may obtain additional information regarding the direct and indirect interests of the participants in the solicitation of proxies in connection with the proposed transaction, including the interests of the Company directors and executive officers in the transaction, which may be different than those of the Company stockholders generally, by reading the Proxy Statement and any other relevant documents that are filed or will be filed with the SEC relating to the transaction. You may obtain free copies of these documents using the sources indicated above.
https://seekingalpha.com/pr/18561032-casper-reports-third-quarter-results
November 12, 2021
Plastics Industry Hurt by Lack Of Raw Materials Made of Oil
By Gerd Wilcke
- Nov. 30, 1973
About the ArchiveThis is a digitized version of an article from The Times’s print archive, before the start of online publication in 1996. To preserve these articles as they originally appeared, The Times does not alter, edit or update them.Occasionally the digitization process introduces transcription errors or other problems; we are continuing to work to improve these archived versions.
Randel Plastics, Inc., of Long Island City used to have 95 persons on its payroll. Last week there were only 48.
In Leominster, Mass., the Tucker Manufacturing Company has reduced its labor force by 15 per cent and has cut back from a three‐shift six‐day work week to 2.5 shifts five days a week.
What these two companies and hundreds of others have in common is that they cannot get enough raw materials made from oil to make their products. The products are plastics—in their multitude of variations that go into toys, automobiles, furniture, doorknobs or packaging materials.
The dramatic impact of the shortage was illustrated yesterday when the Chrysler Corporation announced a brief shutdown of four plants that manufacture compact cars. Chrysler said that the plants had experienced a shortage of plastic parts.
According to industry estimates, the average 1973‐model car used 138 pounds of plastics, and each 1974 model is using about 153 pounds.
In the New York area, the Plastics and Metal Producers Manufacturers Association said that its 174 member companies that normally employ 14,000 workers had to put 4,000 of them on short work weeks or on furlough.
PPG Industries, Inc., which is a joint venture partner in the Puerto Olefins Company at Penuelas, Puerto Rico, said it was being forced to shut down the plant for two weeks beginning Monday because of shortages of petrochemical raw materials.
American consumers facing the prospect of a cold winter may, at the moment, be more concerned over a cold home, school or an empty gasoline tank. But if Randel Plastics, Tucker Manufacturing and other fabricators are forced out of business the ripple effect could be enormous.
This is the third of a series of articles on the impact of the energy crisis on United States industries, which will appear at intervals.
Not only would thousands of products become scarce, but many thousands of people would lose their jobs.
Like the rest of the petrochemical industry, makers of plastics have to rely on oil for the hydrocarbons that go into building blocks for their products.
There are large companies such as E. I. du Pont de Nemours & Co., the Dow Chemical Company, the Monsanto Company, the Union Carbide Corporation, the Allied Chemical Corporation, or the Celanese Corporation that are major suppliers of building blocks such as ethylene, styrene, butadiene or phenol.
Although many of the major companies make their own end products, they are at the same time the key supply sources for companies such as Randel and Tucker Manufacturing.
Is the source drying up?
Executives of major companies do not deny that there is a shortage of key materials that has forced them to use an allocation system, However, they insist that they are attempting to be evenhanded in supplying domestic customers and are not ignoring them in order to make higher profits overseas.
Edward R. Kane, president of du Pont, and Werner C. Braun, the chief executive of Hercules, Inc., said in interviews the other day that there was no overt effort to ship more plastic resins overseas because of price controls in the United States. “The incidence of people taking advantage of the situation is small,” Mr. Kane said.
Mr. Braun said that there was no sudden upsurge in exports during the year and, although the dollar export volume was higher in reflection of monetary realignments, the physical volume of goods shipped showed a “normal” trade growth that was in line with domestic sales growth.
Plastics makers and fabricators, through the Society of the Plastics Industry, have argued for the lifting of price controls and, for the short term, a raw materials allocation plan patterned exactly on the basis of the 1972 distribution of oil and gas and all their derivatives.
Recent Study Cited
Ralph L. Harding Jr., president of the society, in this context cited a recent study by the Arthur D. Little Organization that pointed out that a 15 per cent cutback in feedstocks of raw materials to the petrochemical industry would mean the loss of 1.6 million jobs and a production loss of $65‐billion. The plastics industry accounts for about 25 per cent of the petrochemical industry and employs about 225,000 work ers. A 15 per cent cutback in feedstocks would, because of the domino effect, result in a $22‐billion curtailment in end products and in a loss of employment to 550,000 workers in both the plastic industry and the industries it supplies.
Theodore Riky, the president of Randel Plastics, does not think in these dimensions. He wants enough raw materials so he does not have to lay off more workers. He stressed that major resin suppliers had cut him off completely and that secondary suppliers were doing so little by little.
Can he afford going to the “open market,” a polite term used for the gray, or black. market?
‘45 Cents a Pound’
“If I pay cash on the line or by certified check before the supplier unloads a shipment, and paid 45 cents a pound for polypropylene and 53 cents for styrene, I might get the matesaid.
With the list price for both plastics standing at 17 cents a pound, Mr. Riky implied strongly that he could not afford to buy at such prices.
Sheldon Edelman is the president of the Plastics and Metal Producers Association, a group of fabricators in the plastics and metal fields. He complained bitterly that price controls came at a time when plastic resin prices were at a nine‐year low.
He said that companies buying directly from major suppliers were on allocation anywhere” in the 60 to 80 per cent area but that, as of last week, not even these reduced amounts reached the fabricators.
90 Per Cent of Capacity
In a recent study, Mr. Harding’s group said that, although production of plastic resins would increase this year by 10 to 15 per cent, to about 27 billion pounds, industry was operating at only 90 per cent of capacity.
As a result of the underutilization of capacity, the society said that most resin sales were on strict allocation by suppliers, there were significant shortages of formerly plentiful resin formulations, and there were severe shortages of certam formulations where intermediate, chemicals were not available, such as styrene monomer for polyester resin.
Mr. Harding has noted in this context that the plastics industry was facing a paradox. “Having reached the status of full membership in the industrial community,” he said, “the plastics industry finds itself threatened by limitations on its vitally needed raw material feedstocks.”
November 12, 2021
Plastics Industry Hurt by Lack Of Raw Materials Made of Oil
By Gerd Wilcke
- Nov. 30, 1973
About the ArchiveThis is a digitized version of an article from The Times’s print archive, before the start of online publication in 1996. To preserve these articles as they originally appeared, The Times does not alter, edit or update them.Occasionally the digitization process introduces transcription errors or other problems; we are continuing to work to improve these archived versions.
Randel Plastics, Inc., of Long Island City used to have 95 persons on its payroll. Last week there were only 48.
In Leominster, Mass., the Tucker Manufacturing Company has reduced its labor force by 15 per cent and has cut back from a three‐shift six‐day work week to 2.5 shifts five days a week.
What these two companies and hundreds of others have in common is that they cannot get enough raw materials made from oil to make their products. The products are plastics—in their multitude of variations that go into toys, automobiles, furniture, doorknobs or packaging materials.
The dramatic impact of the shortage was illustrated yesterday when the Chrysler Corporation announced a brief shutdown of four plants that manufacture compact cars. Chrysler said that the plants had experienced a shortage of plastic parts.
According to industry estimates, the average 1973‐model car used 138 pounds of plastics, and each 1974 model is using about 153 pounds.
In the New York area, the Plastics and Metal Producers Manufacturers Association said that its 174 member companies that normally employ 14,000 workers had to put 4,000 of them on short work weeks or on furlough.
PPG Industries, Inc., which is a joint venture partner in the Puerto Olefins Company at Penuelas, Puerto Rico, said it was being forced to shut down the plant for two weeks beginning Monday because of shortages of petrochemical raw materials.
American consumers facing the prospect of a cold winter may, at the moment, be more concerned over a cold home, school or an empty gasoline tank. But if Randel Plastics, Tucker Manufacturing and other fabricators are forced out of business the ripple effect could be enormous.
This is the third of a series of articles on the impact of the energy crisis on United States industries, which will appear at intervals.
Not only would thousands of products become scarce, but many thousands of people would lose their jobs.
Like the rest of the petrochemical industry, makers of plastics have to rely on oil for the hydrocarbons that go into building blocks for their products.
There are large companies such as E. I. du Pont de Nemours & Co., the Dow Chemical Company, the Monsanto Company, the Union Carbide Corporation, the Allied Chemical Corporation, or the Celanese Corporation that are major suppliers of building blocks such as ethylene, styrene, butadiene or phenol.
Although many of the major companies make their own end products, they are at the same time the key supply sources for companies such as Randel and Tucker Manufacturing.
Is the source drying up?
Executives of major companies do not deny that there is a shortage of key materials that has forced them to use an allocation system, However, they insist that they are attempting to be evenhanded in supplying domestic customers and are not ignoring them in order to make higher profits overseas.
Edward R. Kane, president of du Pont, and Werner C. Braun, the chief executive of Hercules, Inc., said in interviews the other day that there was no overt effort to ship more plastic resins overseas because of price controls in the United States. “The incidence of people taking advantage of the situation is small,” Mr. Kane said.
Mr. Braun said that there was no sudden upsurge in exports during the year and, although the dollar export volume was higher in reflection of monetary realignments, the physical volume of goods shipped showed a “normal” trade growth that was in line with domestic sales growth.
Plastics makers and fabricators, through the Society of the Plastics Industry, have argued for the lifting of price controls and, for the short term, a raw materials allocation plan patterned exactly on the basis of the 1972 distribution of oil and gas and all their derivatives.
Recent Study Cited
Ralph L. Harding Jr., president of the society, in this context cited a recent study by the Arthur D. Little Organization that pointed out that a 15 per cent cutback in feedstocks of raw materials to the petrochemical industry would mean the loss of 1.6 million jobs and a production loss of $65‐billion. The plastics industry accounts for about 25 per cent of the petrochemical industry and employs about 225,000 work ers. A 15 per cent cutback in feedstocks would, because of the domino effect, result in a $22‐billion curtailment in end products and in a loss of employment to 550,000 workers in both the plastic industry and the industries it supplies.
Theodore Riky, the president of Randel Plastics, does not think in these dimensions. He wants enough raw materials so he does not have to lay off more workers. He stressed that major resin suppliers had cut him off completely and that secondary suppliers were doing so little by little.
Can he afford going to the “open market,” a polite term used for the gray, or black. market?
‘45 Cents a Pound’
“If I pay cash on the line or by certified check before the supplier unloads a shipment, and paid 45 cents a pound for polypropylene and 53 cents for styrene, I might get the matesaid.
With the list price for both plastics standing at 17 cents a pound, Mr. Riky implied strongly that he could not afford to buy at such prices.
Sheldon Edelman is the president of the Plastics and Metal Producers Association, a group of fabricators in the plastics and metal fields. He complained bitterly that price controls came at a time when plastic resin prices were at a nine‐year low.
He said that companies buying directly from major suppliers were on allocation anywhere” in the 60 to 80 per cent area but that, as of last week, not even these reduced amounts reached the fabricators.
90 Per Cent of Capacity
In a recent study, Mr. Harding’s group said that, although production of plastic resins would increase this year by 10 to 15 per cent, to about 27 billion pounds, industry was operating at only 90 per cent of capacity.
As a result of the underutilization of capacity, the society said that most resin sales were on strict allocation by suppliers, there were significant shortages of formerly plentiful resin formulations, and there were severe shortages of certam formulations where intermediate, chemicals were not available, such as styrene monomer for polyester resin.
Mr. Harding has noted in this context that the plastics industry was facing a paradox. “Having reached the status of full membership in the industrial community,” he said, “the plastics industry finds itself threatened by limitations on its vitally needed raw material feedstocks.”
November 11, 2021
SABIC’S NEW NORYL™ POLYOL IMPROVES PERFORMANCE OF MDI-BDO CAST POLYURETHANES AND OFFERS ALTERNATIVE TO TDI-MOCA CURED SYSTEMS
11/11/2021
Home > News & Media > Latest News > SABIC’S NEW NORYL™ POLYOL IMPROVES PERFORMANCE OF MDI-BDO CAST…
SABIC, a global leader in the chemical industry, today announced that its recently launched NORYL™ AP2001G aromatic polyol can significantly improve the performance of hot cast polyurethanes (PUs) based on methylene diphenyl diisocyanate (MDI) and polytetramethylene ether glycol (PTMG). By boosting the hardness, toughness and stiffness properties of cast PU by double digits, NORYL AP2001G polyol can enable MDI formulations cured with 1,4-butanediol (BDO) to deliver equivalent or better performance compared to toluene diisocyanate (TDI) and PTMG PU formulations cured with MOCA (4,4′-methylene bis(ortho-chloroaniline)).
Due to increasing scrutiny in the use of MOCA as a substance of very high concern (SVHC) in the European Union, many PU manufacturers have adopted alternative formulations, including MDI-BDO. However, existing MDI-BDO systems pose performance challenges including lower mechanical and chemical properties vs. TDI-MOCA systems. SABIC’s NORYL AP2001G polyol for MDI-BDO systems addresses both the SVHC issue and performance deficiencies of existing materials, providing formulators with an alternative solution to TDI formulations and an opportunity to reduce or eliminate MOCA.
“As manufacturers began to transition away from SVHCs, SABIC understood the need to assist customers with this challenge,” said Antonello Cerullo, Ph.D., senior business development manager, SABIC. “We collaborated with Troy Polymers to validate the notable performance benefits of our new NORYL polyol for MDI-BDO systems. Thanks to our innovative new modifier, customers may now achieve results comparable to – or even better than – what they experienced with TDI-MOCA and MDI-BDO formulations, while staying ahead of the tighter restrictions that are being placed on the MOCA curative.”
Validating Performance Properties vs. MDI-BDO PUs
SABIC engaged Troy Polymers, a leading research and development laboratory based in Madison Heights, Mich., in the United States, to formulate PU samples using NORYL AP2001G polyol and conduct extensive testing and validation. The results showed that NORYL AP2001G polyol (at a loading of 5.6 percent) improved several properties of MDI-BDO cast PU formulations.
The SABIC modifier delivered up to a 30 percent increase in toughness, up to a 26 percent boost in tensile stress at break, up to an 8 percent improvement in elongation at break, and up to a 1.4 point jump in Shore D hardness.
Testing also revealed that NORYL AP2001G polyol can enhance hardness and toughness performance at high temperatures up to 70°C, which potentially allows MDI-BDO cast PU to be used in extreme conditions, such as for oil and gas exploration, gasketing and mining applications.
In terms of processability, when NORYL AP2001G polyol was added to the pre-polymer, the cast PU showed a longer pot life than a baseline MDI-BDO system. Details on the test methodology and results can be downloaded here.
“Based on our extensive experience in innovative polyurethane solutions, we have verified the benefits of SABIC’s NORYL AP2001G polyol for cast polyurethanes based on MDI-BDO systems,” said Aisa Sendijarevic, Ph.D., research director, Troy Polymers. “While MDI-BDO technology can replace TDI-MOCA in some applications, adding NORYL AP2001G polyol significantly improves MDI-BDO performance and offers an alternative that is free of substances of very high concern. Our test results indicate this SABIC polyol may enhance the performance and regulatory compliance of cast polyurethane.”
November 11, 2021
SABIC’S NEW NORYL™ POLYOL IMPROVES PERFORMANCE OF MDI-BDO CAST POLYURETHANES AND OFFERS ALTERNATIVE TO TDI-MOCA CURED SYSTEMS
11/11/2021
Home > News & Media > Latest News > SABIC’S NEW NORYL™ POLYOL IMPROVES PERFORMANCE OF MDI-BDO CAST…
SABIC, a global leader in the chemical industry, today announced that its recently launched NORYL™ AP2001G aromatic polyol can significantly improve the performance of hot cast polyurethanes (PUs) based on methylene diphenyl diisocyanate (MDI) and polytetramethylene ether glycol (PTMG). By boosting the hardness, toughness and stiffness properties of cast PU by double digits, NORYL AP2001G polyol can enable MDI formulations cured with 1,4-butanediol (BDO) to deliver equivalent or better performance compared to toluene diisocyanate (TDI) and PTMG PU formulations cured with MOCA (4,4′-methylene bis(ortho-chloroaniline)).
Due to increasing scrutiny in the use of MOCA as a substance of very high concern (SVHC) in the European Union, many PU manufacturers have adopted alternative formulations, including MDI-BDO. However, existing MDI-BDO systems pose performance challenges including lower mechanical and chemical properties vs. TDI-MOCA systems. SABIC’s NORYL AP2001G polyol for MDI-BDO systems addresses both the SVHC issue and performance deficiencies of existing materials, providing formulators with an alternative solution to TDI formulations and an opportunity to reduce or eliminate MOCA.
“As manufacturers began to transition away from SVHCs, SABIC understood the need to assist customers with this challenge,” said Antonello Cerullo, Ph.D., senior business development manager, SABIC. “We collaborated with Troy Polymers to validate the notable performance benefits of our new NORYL polyol for MDI-BDO systems. Thanks to our innovative new modifier, customers may now achieve results comparable to – or even better than – what they experienced with TDI-MOCA and MDI-BDO formulations, while staying ahead of the tighter restrictions that are being placed on the MOCA curative.”
Validating Performance Properties vs. MDI-BDO PUs
SABIC engaged Troy Polymers, a leading research and development laboratory based in Madison Heights, Mich., in the United States, to formulate PU samples using NORYL AP2001G polyol and conduct extensive testing and validation. The results showed that NORYL AP2001G polyol (at a loading of 5.6 percent) improved several properties of MDI-BDO cast PU formulations.
The SABIC modifier delivered up to a 30 percent increase in toughness, up to a 26 percent boost in tensile stress at break, up to an 8 percent improvement in elongation at break, and up to a 1.4 point jump in Shore D hardness.
Testing also revealed that NORYL AP2001G polyol can enhance hardness and toughness performance at high temperatures up to 70°C, which potentially allows MDI-BDO cast PU to be used in extreme conditions, such as for oil and gas exploration, gasketing and mining applications.
In terms of processability, when NORYL AP2001G polyol was added to the pre-polymer, the cast PU showed a longer pot life than a baseline MDI-BDO system. Details on the test methodology and results can be downloaded here.
“Based on our extensive experience in innovative polyurethane solutions, we have verified the benefits of SABIC’s NORYL AP2001G polyol for cast polyurethanes based on MDI-BDO systems,” said Aisa Sendijarevic, Ph.D., research director, Troy Polymers. “While MDI-BDO technology can replace TDI-MOCA in some applications, adding NORYL AP2001G polyol significantly improves MDI-BDO performance and offers an alternative that is free of substances of very high concern. Our test results indicate this SABIC polyol may enhance the performance and regulatory compliance of cast polyurethane.”
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