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
August 17, 2020
Casper Scares Off Investors as Suppliers Can’t Keep Up With Demand
Investing.comAugust 11, 2020
By Christiana Sciaudone
Investing.com — Casper Sleep Inc (NYSE:CSPR) dropped 7% after it said Covid-19-related constraints were hindering product delivery.
The mattress maker went public in February at $12 a share, and the stock hasn’t yet climbed back up to that level.
Casper’s loss per share of 61 cents beat the 76-cent estimate on sales of $110 million, which came in higher than the forecasted $104 million. Direct-to-consumer sales increased 5%, which was partially offset by the loss of sales in retail stores.
“Certain of our suppliers and logistics providers have temporarily experienced supply constraints or labor shortages due to the COVID-19 outbreak,” the company said in a statement. “As a result, we have been impacted by industry-wide capacity constraints which have led to increased delivery times for certain of our products through our e-commerce platform and impacted order fulfillment capabilities for certain of our retail partners.”
The company is “actively qualifying and on-boarding new suppliers” and expects inventory constraints to ease within the upcoming quarter.
https://finance.yahoo.com/news/casper-scares-off-investors-suppliers-123320471.html
August 17, 2020
Chinese mattress maker leases manufacturing facility in Goodyear
In This Article
- CRE Brokerages Topic
- Colliers International Company
- Commercial Real Estate Industry
- First Industrial Realty Trust, Inc. Company
- Manufacturing Industry
By Corina Vanek – Reporter, Phoenix Business Journal Aug 13, 2020, 3:48pm EDT
MLILY, a mattress and memory foam product manufacturer, has leased 643,798 square feet of industrial space in Goodyear for a manufacturing facility, where it aims to employ 300 people.
The company, which is a venture of China-based Healthcare Co., leased space at First Park at PV303, at 3350 N. Cotton Lane, which is under construction and will come online in late 2020. MLILY will lease the entire building for a 10-year term and will take occupancy of the space in mid-December.
Payson MacWilliam, Don MacWilliam, and Chris Reese with Colliers International in Phoenix partnered with Yang Chen in the Colliers International San Francisco office in representing MLILY.
The property is owned by Chicago-based First Industrial Realty Trust Inc.
“By manufacturing in Arizona, MLILY can continue to provide high quality products at a lower cost to U.S. consumers, while expanding its global footprint,” Yang Chen, managing director, Asia Pacific Division with Colliers International in San Francisco said in a statement.
The company makes mattresses, mattress toppers, bases and pillows. The company has factories in China, Thailand, Serbia and the United States.
“MLILY is entering Arizona with this sizable manufacturing facility, which reflects the continued appeal of our industrial marketplace,” Colliers’ Payson MacWilliam said in a statement. “The fundamentals of our pro-business environment attracted this international corporation to Phoenix, which will augment its existing U.S. presence in South Carolina.”
August 17, 2020
Chinese mattress maker leases manufacturing facility in Goodyear
In This Article
- CRE Brokerages Topic
- Colliers International Company
- Commercial Real Estate Industry
- First Industrial Realty Trust, Inc. Company
- Manufacturing Industry
By Corina Vanek – Reporter, Phoenix Business Journal Aug 13, 2020, 3:48pm EDT
MLILY, a mattress and memory foam product manufacturer, has leased 643,798 square feet of industrial space in Goodyear for a manufacturing facility, where it aims to employ 300 people.
The company, which is a venture of China-based Healthcare Co., leased space at First Park at PV303, at 3350 N. Cotton Lane, which is under construction and will come online in late 2020. MLILY will lease the entire building for a 10-year term and will take occupancy of the space in mid-December.
Payson MacWilliam, Don MacWilliam, and Chris Reese with Colliers International in Phoenix partnered with Yang Chen in the Colliers International San Francisco office in representing MLILY.
The property is owned by Chicago-based First Industrial Realty Trust Inc.
“By manufacturing in Arizona, MLILY can continue to provide high quality products at a lower cost to U.S. consumers, while expanding its global footprint,” Yang Chen, managing director, Asia Pacific Division with Colliers International in San Francisco said in a statement.
The company makes mattresses, mattress toppers, bases and pillows. The company has factories in China, Thailand, Serbia and the United States.
“MLILY is entering Arizona with this sizable manufacturing facility, which reflects the continued appeal of our industrial marketplace,” Colliers’ Payson MacWilliam said in a statement. “The fundamentals of our pro-business environment attracted this international corporation to Phoenix, which will augment its existing U.S. presence in South Carolina.”
August 17, 2020
Karoon Co Exporting Isocyanates to Companies in Asia and Europe
EghtesadOnline: Karoon Petrochemical Company, in the southwestern port city of Mahshahr in Khuzestan Province, is the only producer of isocyanates in Iran. Half the output is for domestic use and the rest is exported, managing director of the company said.
“Isocyanates are important chemicals that are difficult to store and transport. Globally about 8 million tons of isocyanates are produced annually. Only nine companies in the world produce it and Karoon is one. We currently export to Europe and Asia,” ILNA quoted Alireza Sediqizadeh as saying.
“Our products are competitive with European and East Asian products both in price and quality,” he noted.
Isocyanates are a family of highly reactive, low molecular weight chemicals widely used in the manufacture of polyurethane foams, insulation, household refrigerators and board or laminate form, residential sheathing or commercial roofing, floor finishes, wood finishes and paint, adhesive and sealant compounds, automobile parts, shoe soles, roller skate wheels, pond liners and blood bags.
Karoon Plant is also the first producer of isocyanates in the Middle East. Its production of toluene diisocyanate (TDI), which is its main product, amounts to 40,000 tons a year.
The company also produces other petrochemicals such as methylene diphenyl diisocyanate (MDI) (40,000 tons) acid clorhidric (116,000 tons), nitric acid (92,000 tons), ortho toluenediamine (11,000 tons), Meta toluenediamine (31,000 tons), nitrobenzene (40,000 tons) and aniline (30,000 tons).
Companies in Iraq, Turkey, India, Russia, Azerbaijan, Albania, Greece, Sweden, Peru, Kenya, Nigeria and Italy are the main foreign buyers.
“In 2017 we imported about $60 million worth of raw materials to produce isocyanates. This declined to $9 million in 2019 with the efforts of domestic experts and engineers who were able to manufacture the essential raw materials. This saved $51 million that was spent on importing other materials,” Sediqizadeh said.
Iran was a large importer of polyols, which are co-components of isocyanates and used together in the production of PU foam products. It mainly imported polyols from northeast Asia, where most producers are based.
Although Iran still imports the material, the CEO hopes that next year (starting March 2021), “we will no longer need to import in this sector and celebrate the self-sufficiency of this product.”
“Karoon Petrochemical Company started producing isocyanates through a joint venture with Chematur Engineering AB of Sweden. However, the foreign company walked away,” he added. “This did not discourage us and we focused on domestic experts and engineers and wrapped up the project”.
August 17, 2020
Karoon Co Exporting Isocyanates to Companies in Asia and Europe
EghtesadOnline: Karoon Petrochemical Company, in the southwestern port city of Mahshahr in Khuzestan Province, is the only producer of isocyanates in Iran. Half the output is for domestic use and the rest is exported, managing director of the company said.
“Isocyanates are important chemicals that are difficult to store and transport. Globally about 8 million tons of isocyanates are produced annually. Only nine companies in the world produce it and Karoon is one. We currently export to Europe and Asia,” ILNA quoted Alireza Sediqizadeh as saying.
“Our products are competitive with European and East Asian products both in price and quality,” he noted.
Isocyanates are a family of highly reactive, low molecular weight chemicals widely used in the manufacture of polyurethane foams, insulation, household refrigerators and board or laminate form, residential sheathing or commercial roofing, floor finishes, wood finishes and paint, adhesive and sealant compounds, automobile parts, shoe soles, roller skate wheels, pond liners and blood bags.
Karoon Plant is also the first producer of isocyanates in the Middle East. Its production of toluene diisocyanate (TDI), which is its main product, amounts to 40,000 tons a year.
The company also produces other petrochemicals such as methylene diphenyl diisocyanate (MDI) (40,000 tons) acid clorhidric (116,000 tons), nitric acid (92,000 tons), ortho toluenediamine (11,000 tons), Meta toluenediamine (31,000 tons), nitrobenzene (40,000 tons) and aniline (30,000 tons).
Companies in Iraq, Turkey, India, Russia, Azerbaijan, Albania, Greece, Sweden, Peru, Kenya, Nigeria and Italy are the main foreign buyers.
“In 2017 we imported about $60 million worth of raw materials to produce isocyanates. This declined to $9 million in 2019 with the efforts of domestic experts and engineers who were able to manufacture the essential raw materials. This saved $51 million that was spent on importing other materials,” Sediqizadeh said.
Iran was a large importer of polyols, which are co-components of isocyanates and used together in the production of PU foam products. It mainly imported polyols from northeast Asia, where most producers are based.
Although Iran still imports the material, the CEO hopes that next year (starting March 2021), “we will no longer need to import in this sector and celebrate the self-sufficiency of this product.”
“Karoon Petrochemical Company started producing isocyanates through a joint venture with Chematur Engineering AB of Sweden. However, the foreign company walked away,” he added. “This did not discourage us and we focused on domestic experts and engineers and wrapped up the project”.
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