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
October 21, 2020
Arsenal’s Polytek Acquires Incredible Solutions Easton, PA & Crystal River, FL – October 20, 2020 – Polytek® Development Corp. (“Polytek”), a manufacturer of specialty polymers for mold making, casting, and coating applications, announced today the acquisition of Incredible Solutions. Polytek is a portfolio company of Arsenal Capital Partners.
Founded in 2017 and located in Crystal River, Florida, Incredible Solutions supplies epoxy coating and casting systems that are used to coat wood bars and table tops, create decorative surfaces and mixed-media furniture such as river tables, and complete a variety of other works of art and craft.
Incredible Solutions will join Polytek’s consumer brand portfolio and further expand the company’s offering of coating and casting solutions that are formulated specifically for do-it-yourself and artistic communities. These brands offer user-friendly products and accessories that are available direct-to-consumer via a variety of convenient channels, including company-operated e-commerce sites, mass retail, and online marketplaces.
Doug Lorenz, CEO of Polytek, commented “Incredible Solutions has had tremendous success in their first three years of business and we’re very excited to bring them onto the Polytek team and continue to grow with them in the coming years.”
Charlie Ives, owner of Incredible Solutions added, “We are really looking forward to teaming up and collaborating with Polytek. Ultimately, our goal is to continue to serve our customers to the best of our ability while introducing new product options and creative ways to use them.”
Charlie Ives will remain in an active role within the Incredible Solutions brand, and the two companies will continue to do business under their existing names. Genesis Capital, LLC acted as the financial advisor to Polytek.
About Polytek® Development Corp. Founded in 1984, Polytek® Development Corp. is headquartered in Easton, PA with operations in Pomona, CA, Galesburg, MI, Franklin, IN, and Grants Pass, OR. Polytek is a leading manufacturer of specialty polymers including polyurethane elastomers and casting resins, silicone, epoxies, latex, thermoplastic elastomers, and board materials. These systems are used primarily in mold making, casting, and coating applications in industrial and consumer sectors, including construction and restoration, arts and crafts, DIY, product design and manufacturing, entertainment, and education. Polytek® brands include Raw Material Suppliers, Alumilite, BCC Products, ETI Technology, Inc., Pro Marine Supplies, and Stone Coat Countertops. corporation.polytek.com
About Incredible Solutions Located in Crystal River, FL, and founded by a husband and wife duo in 2017, Incredible Solutions was established to service a rapidly growing do-it-yourself epoxy market. The company quickly grew into a top seller on e-commerce platforms while maintaining the customer service hallmarks of a small, family-run business. Today, Incredible Solutions continues to provide user-friendly epoxy coating and casting solutions to do-it-yourselfers, artists, and craftsmen. www.incrediblesolutionsonline.com
October 21, 2020
Huntsman Opens New TEROL® Polyols Plant in Taiwan
Download as PDF October 21, 2020 1:01am EDT
KUAN YIN, Taiwan – Huntsman Corporation (NYSE: HUN) today commemorated the official start-up of a new 22,000-ton TEROL® aromatic polyester polyols plant at its systems house in Kuan Yin, Taiwan, with an opening ceremony at the site that was attended by key customers and employees.
The 3,600-square meter polyols plant, completed in May, expands Huntsman’s downstream polyurethanes capabilities in the Asia-Pacific region and marks the first time Huntsman has manufactured its TEROL® polyols outside the United States.
TEROL® polyester polyols are critical components in the production of MDI-based polyurethane insulation systems – the most effective insulants available in the market, as measured by R-value. Insulation products based on TEROL® polyols, include polyisocyanurate (PIR) boardstock systems, spray polyurethane foam (SPF) and pour-in-place applications, including entry doors, garage doors, coolers, refrigerators and commercial freezers.
To produce its TEROL® polyols, Huntsman utilizes a proprietary process that upcycles scrap polyethylene terephthalate (PET) bottles, some of which otherwise would have ended up in landfills, rivers and oceans.
In remarks at the opening ceremony, Peter Huntsman, Chairman, President and Chief Executive Officer of Huntsman Corporation, said: “The work we are doing in Taiwan and throughout the Asia Pacific region will truly transform our industry. By recycling the equivalent of nearly half a billion PET bottles from the oceans, landfills and refuse facilities, we are creating the building blocks that transform plastic waste into something of real value – highly efficient insulants that help conserve energy and reduce emissions.
“When considered with its sister plant in Houston, Texas, this new TEROL® polyols plant enables Huntsman to participate on a global scale in the shared responsibility to clean up our environment and do more with less.”
Huntsman manufactures TEROL® polyols for the Americas and European regions from its plant in Houston, Texas, where it upcycles the equivalent of one billion 500ml PET bottles per year. Additionally, Huntsman manufactures polyols from scrap PET bottles at its Huntsman Building Solutions site in Boisbriand, Canada.
Commenting on the new facility, Tony Hankins, President of Huntsman’s Polyurethanes business and CEO of Asia Pacific said: “Taiwan is a critically important base for the achievement of our strategic objectives in the region, which are focused on moving downstream and creating more differentiated solutions for our customers. The TEROL® polyols from this plant are already being used in PIR boardstock systems, cold chain applications and spray polyurethane foam, or SPF. Earlier this year, we established Huntsman Building Solutions, the leading SPF company in the world, through the integration of two major SPF businesses that we recently acquired. As a result, Huntsman is now able to effectively supply energy-efficient SPF systems to customers throughout Asia-Pacific, leveraging the TEROL® polyols from the Taiwan plant. We see significant growth opportunities for SPF in the cold chain, modern agriculture, and the insulation of buildings.”
October 21, 2020
Huntsman Opens New TEROL® Polyols Plant in Taiwan
Download as PDF October 21, 2020 1:01am EDT
KUAN YIN, Taiwan – Huntsman Corporation (NYSE: HUN) today commemorated the official start-up of a new 22,000-ton TEROL® aromatic polyester polyols plant at its systems house in Kuan Yin, Taiwan, with an opening ceremony at the site that was attended by key customers and employees.
The 3,600-square meter polyols plant, completed in May, expands Huntsman’s downstream polyurethanes capabilities in the Asia-Pacific region and marks the first time Huntsman has manufactured its TEROL® polyols outside the United States.
TEROL® polyester polyols are critical components in the production of MDI-based polyurethane insulation systems – the most effective insulants available in the market, as measured by R-value. Insulation products based on TEROL® polyols, include polyisocyanurate (PIR) boardstock systems, spray polyurethane foam (SPF) and pour-in-place applications, including entry doors, garage doors, coolers, refrigerators and commercial freezers.
To produce its TEROL® polyols, Huntsman utilizes a proprietary process that upcycles scrap polyethylene terephthalate (PET) bottles, some of which otherwise would have ended up in landfills, rivers and oceans.
In remarks at the opening ceremony, Peter Huntsman, Chairman, President and Chief Executive Officer of Huntsman Corporation, said: “The work we are doing in Taiwan and throughout the Asia Pacific region will truly transform our industry. By recycling the equivalent of nearly half a billion PET bottles from the oceans, landfills and refuse facilities, we are creating the building blocks that transform plastic waste into something of real value – highly efficient insulants that help conserve energy and reduce emissions.
“When considered with its sister plant in Houston, Texas, this new TEROL® polyols plant enables Huntsman to participate on a global scale in the shared responsibility to clean up our environment and do more with less.”
Huntsman manufactures TEROL® polyols for the Americas and European regions from its plant in Houston, Texas, where it upcycles the equivalent of one billion 500ml PET bottles per year. Additionally, Huntsman manufactures polyols from scrap PET bottles at its Huntsman Building Solutions site in Boisbriand, Canada.
Commenting on the new facility, Tony Hankins, President of Huntsman’s Polyurethanes business and CEO of Asia Pacific said: “Taiwan is a critically important base for the achievement of our strategic objectives in the region, which are focused on moving downstream and creating more differentiated solutions for our customers. The TEROL® polyols from this plant are already being used in PIR boardstock systems, cold chain applications and spray polyurethane foam, or SPF. Earlier this year, we established Huntsman Building Solutions, the leading SPF company in the world, through the integration of two major SPF businesses that we recently acquired. As a result, Huntsman is now able to effectively supply energy-efficient SPF systems to customers throughout Asia-Pacific, leveraging the TEROL® polyols from the Taiwan plant. We see significant growth opportunities for SPF in the cold chain, modern agriculture, and the insulation of buildings.”
October 20, 2020
October 20, 2020
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