The Urethane Blog
January 14, 2021
ASC Announces New Board Officers and Executive Committee for 2021-2022
Published on 2021-01-07. Author : SpecialChem
Adhesive and Sealant Council (ASC) announces changes in its officers and members of the executive committee for 2021-2022. ASC also announced directors re-elected for another three-year term on the board of directors, beginning January 1, 2021.
ASC’s Newly Elected Officers
- Matt Devine, former president of DHM Adhesives, now at H.B. Fuller. He has been elected to serve as chairman of the board through January 31, 2021. He will also lead the ASC executive committee. Devine previously served as ASC Treasurer for two years.
- Heather Campe, senior vice president, H.B. Fuller. She has been elected to succeed Matt Devine as chairman of the board beginning February 1, 2021 through December 31, 2022.
- Forest Driggs, senior vice president and chief financial officer, Franklin International. He has been elected to serve as treasurer beginning january 1, 2021 through December 31, 2022. he will also lead the audit committee and serve on the ASC executive committee.
Brian McSwigan, vice president, packaging and consumer adhesives at Henkel Corporation, will serve as Past Chair for two years and remain on the ASC executive committee.
The Board elected Tom Stewart, senior director, performance adhesives, at Ashland to a two-year term on the executive committee, beginning January 1, 2021.
Gerhard Haas, vice president, research & development, technical service, purchasing at Jowat Corporation was re-elected to another two-year term on the executive committee, beginning January 1, 2021.
Re-elected Members of ASC Board
- Darius Deak, global R&D director – NonWovens, corporate R&D director-Americas, Bostik;
- Damon Hollis, sales manager-Americas, Eastman;
- Mark Schneider, president, Albion Engineering Company;
- Tom Stewart, senior director, performance adhesives, Ashland;
- Dave White, senior vice president, quality and risk management, Sika; and
- Chuck Williams, senior technical director, global adhesives, polymers, adhesive and coatings center of excellence, Avery Dennison
Re-elected members of the ASC board will serving a three-year term beginning January 1, 2021.
“The newly elected ASC Board officers and directors bring many years of experience as leaders in the adhesive and sealant industry that will strengthen our organization as we transition into a post-COVID world,” said ASC President William Allmond.
“They will lead and oversee new strategic initiatives that emerge from ASC’s three-year long-range plan and reconnect the global value chain as hosts of the 10th World Adhesive and Sealant Conference in April 2022,” added Allmond. “As President, I am excited to work alongside our officers and board to grow the value we deliver to our membership and to the greater adhesive and sealant industry.”
ASC’s board includes 23 directors representing manufacturers, suppliers, distributors, and academia in North America.
January 13, 2021
Polycoat Products acquires ChemCo Systems
Highlights
• Brings together ChemCo’s high performance epoxies used in construction
and transportation with Polycoat’s leadership capabilities in industrial,
commercial and residential polyurethanes, polyureas and polyaspartic
technologies.
• Positions Polycoat and ChemCo for domestic and international growth in
polymer solutions for infrastructure applications.
• The combination will focus on tomorrow’s needs for innovative and
sustainable products used in new construction and to extend the lifecycles
of existing buildings, structures and facilities.
Santa Fe Springs, CA and Redwood City, CA, December 29, 2020–American Polymers Corp., dba Polycoat Products, a California company, has acquired ChemCo Systems, Inc. (“ChemCo”), an international leader in high performance construction epoxies. ChemCo will continue to expand
on its current growth opportunities with best-in-class products as an independent subsidiary of Polycoat.
“Acquiring ChemCo is very exciting for Polycoat,” said Ashish Dhuldhoya, Executive Vice President of Polycoat Products. “The addition of ChemCo to our family will expand our ability to provide advanced materials and solutions oriented new products to support the needs of our global
infrastructure partners and customers.”
“The owners of ChemCo unanimously agree that this acquisition is the right strategic direction for ChemCo and will better enable the organization to focus on its core mission of providing superior epoxy construction chemicals worldwide,” said ChemCo Vice President, John Bors.
About ChemCo
ChemCo’s industry leading construction polymer based adhesives (including epoxy injection), grouts and coatings are used on a variety of projectsincluding: Industrial and Commercial (Boeing,
Louisiana Pacific, GE, Sysco, Costco), Public Works (Bureau of Reclamation, the Washington Monument, Department of Energy, U.S. Navy and Air Force installations), Airports (>50 major airports including Hong Kong, Taoyuan Int’l, San Francisco, Sky Harbor, Los Angeles, Denver
and Seattle), Utilities (Con Ed, Arizona Power, PG&E), Sports Stadiums (Fenway Park, Dodger Stadium, Wrigley Field), and Institutional (Oschner Hospital, Holy Name Cathedral).
ChemCo is a world performance leader in modified asphalt performance with its Epoxy Asphalt product, now in its 10th generation. Epoxy Asphalt is used in the most challenging pavement applications forstrategic roads, long span bridges and open graded permeable pavements. Installed
applications have lasted over 50 years with minimal maintenance.
ChemCo has commercialized a unique insulating product developed in collaboration with a DOE laboratory called InsulPOX to serve LNG terminal facilities as well as cryogenic applications as an insulating polymer concrete (IPC) used as secondary containment in trenches and sumps. The
U.S. Navy has specified InsulPOX for use in a new LNG terminal (under construction) to feed a self-sufficient power plant.
ChemCo’s existing staff and management headed by John Bors and Ralph Eisenhut will be reinforced with additional resources and personnel from its new parent, Polycoat. Together with their industry partners and customers, Polycoat and ChemCo expect to deliver transformative
solutions and rapid new product development for global infrastructure applications.
About Polycoat
Polycoat Products was founded in 1979 in El Monte, CA. Manufacturing operations were expanded to Santa Fe Springs, CA with initial product offerings in vehicular and pedestrian deck and fluid-applied below grade waterproofing. Polycoat’s products include tire fill polyurethanes
(PU), polyureas for pickup truck bedliners and industrial coatings, hot and ambient temperature cast PU elastomers, PU prepols, PU adhesives, epoxy decorative flooring, PU spray foam insulation for roofing and walls, recreational and sporting PU binders, and highway and infrastructure polymer solutions.
Polycoat remains a family-owned business with 1 million square feet of manufacturing and R&D space across the United States. Polycoat’s products are renowned for their innovative chemistry, highest quality and responsive technical staff. Polycoat facilities are distinguished for their ISO
9001:2015 quality certifications.
The transaction closed on December 28, 2020. Financial terms of the acquisition were not disclosed.
January 13, 2021
Polycoat Products acquires ChemCo Systems
Highlights
• Brings together ChemCo’s high performance epoxies used in construction
and transportation with Polycoat’s leadership capabilities in industrial,
commercial and residential polyurethanes, polyureas and polyaspartic
technologies.
• Positions Polycoat and ChemCo for domestic and international growth in
polymer solutions for infrastructure applications.
• The combination will focus on tomorrow’s needs for innovative and
sustainable products used in new construction and to extend the lifecycles
of existing buildings, structures and facilities.
Santa Fe Springs, CA and Redwood City, CA, December 29, 2020–American Polymers Corp., dba Polycoat Products, a California company, has acquired ChemCo Systems, Inc. (“ChemCo”), an international leader in high performance construction epoxies. ChemCo will continue to expand
on its current growth opportunities with best-in-class products as an independent subsidiary of Polycoat.
“Acquiring ChemCo is very exciting for Polycoat,” said Ashish Dhuldhoya, Executive Vice President of Polycoat Products. “The addition of ChemCo to our family will expand our ability to provide advanced materials and solutions oriented new products to support the needs of our global
infrastructure partners and customers.”
“The owners of ChemCo unanimously agree that this acquisition is the right strategic direction for ChemCo and will better enable the organization to focus on its core mission of providing superior epoxy construction chemicals worldwide,” said ChemCo Vice President, John Bors.
About ChemCo
ChemCo’s industry leading construction polymer based adhesives (including epoxy injection), grouts and coatings are used on a variety of projectsincluding: Industrial and Commercial (Boeing,
Louisiana Pacific, GE, Sysco, Costco), Public Works (Bureau of Reclamation, the Washington Monument, Department of Energy, U.S. Navy and Air Force installations), Airports (>50 major airports including Hong Kong, Taoyuan Int’l, San Francisco, Sky Harbor, Los Angeles, Denver
and Seattle), Utilities (Con Ed, Arizona Power, PG&E), Sports Stadiums (Fenway Park, Dodger Stadium, Wrigley Field), and Institutional (Oschner Hospital, Holy Name Cathedral).
ChemCo is a world performance leader in modified asphalt performance with its Epoxy Asphalt product, now in its 10th generation. Epoxy Asphalt is used in the most challenging pavement applications forstrategic roads, long span bridges and open graded permeable pavements. Installed
applications have lasted over 50 years with minimal maintenance.
ChemCo has commercialized a unique insulating product developed in collaboration with a DOE laboratory called InsulPOX to serve LNG terminal facilities as well as cryogenic applications as an insulating polymer concrete (IPC) used as secondary containment in trenches and sumps. The
U.S. Navy has specified InsulPOX for use in a new LNG terminal (under construction) to feed a self-sufficient power plant.
ChemCo’s existing staff and management headed by John Bors and Ralph Eisenhut will be reinforced with additional resources and personnel from its new parent, Polycoat. Together with their industry partners and customers, Polycoat and ChemCo expect to deliver transformative
solutions and rapid new product development for global infrastructure applications.
About Polycoat
Polycoat Products was founded in 1979 in El Monte, CA. Manufacturing operations were expanded to Santa Fe Springs, CA with initial product offerings in vehicular and pedestrian deck and fluid-applied below grade waterproofing. Polycoat’s products include tire fill polyurethanes
(PU), polyureas for pickup truck bedliners and industrial coatings, hot and ambient temperature cast PU elastomers, PU prepols, PU adhesives, epoxy decorative flooring, PU spray foam insulation for roofing and walls, recreational and sporting PU binders, and highway and infrastructure polymer solutions.
Polycoat remains a family-owned business with 1 million square feet of manufacturing and R&D space across the United States. Polycoat’s products are renowned for their innovative chemistry, highest quality and responsive technical staff. Polycoat facilities are distinguished for their ISO
9001:2015 quality certifications.
The transaction closed on December 28, 2020. Financial terms of the acquisition were not disclosed.
January 13, 2021
December Class 8 Truck Orders Are The Fourth Highest In History
by Tyler DurdenWednesday, Jan 13, 2021 – 5:35
Class 8 truck net new orders in December were the fourth highest in history at 50,900 units, down 2% MoM but up 153% YoY. Seasonally adjusted orders in the month came in at 39,500 units (474,000 SAAR), down 18% MoM. Orders were up 139% YoY to 142,000 units in Q4 (the second best quarter on record) and up 54% to 278,400 units in 2020.
As Alan Adler at Freightwaves writes, the surge in bookings reflects continued demand for consumer goods, an awakening of the manufacturing sector and robust fleet profits from tight freight capacity. A driver shortage is worsened by closed driving schools. Other drivers are sidelined because they failed drug tests. All of these factor into higher per-mile freight rates.
“As we at ACT [Research] can often be heard saying, ‘When carriers make money, they buy trucks,’” ACT President and senior analyst Kenny Vieth told FreightWaves.
The order strength in the last four months of the year made up for a stagnant order book in April and May, when the first wave of the coronavirus shuttered truck manufacturing plants and disrupted supply chains. But a V-shaped recovery took hold in late summer and plants laid on overtime to make up for delayed orders.
“Looking to 2021, with freight-intensive economic sectors like manufacturing coming on strong, and driver recruitment continuing to lag, carrier profitability should continue to accelerate, which bodes well for new vehicle demand,” Vieth said.
In a Thursday note from JPMorgan, the largest US commercial bank said it expects production of ~250,000 units in 2021 (up 17% YoY) and ~258,000 units in 2022 (up 3% YoY).
Should the economy fall victim to the worsening impact of the pandemic, fleets can cancel or retime orders. Order placements assure carriers of being assigned a build slot for their new trucks. As production backlogs grow, so does the time between order and delivery.
“Although we believe the tailwinds of still-strong consumer buying, likely to be boosted further by new stimulus checks, and inventory restocking will remain powerful in 1H21, a successful vaccine rollout and reopening of economies is likely to drive an aggressive shift in consumer dollars back to services,” Evercore ISI said in an investor note Thursday.
That could occur just as new trucks being ordered now are ready for delivery.
“To get two back-to-back order months over 50,000 is a stellar accomplishment, after previously seeing orders crater to under 5,000 units in April,” said Don Ake, vice president of commercial vehicles at FTR Transportation Intelligence. “Now, 2021 has the potential to be an incredible recovery year.”
Orders for new dry vans and refrigerated trailers mirror the surge in the tractor orders that pull them. Flatbed orders are recovering more slowly. The September-November booking total amounted to the second-best three months in industry history. “The backlog is filled into Q4,” Dave Giesen, vice president of sales at Stoughton Trailers, told FreightWaves in December. “We will wait for the supply chain to catch up before we continue quoting as this is a long way out.”
Meanwhile, December demand for Class 5-7 trucks recorded its second-best ever volume at 35,100 units. Medium-duty orders rose 28% over November and 73% compared to last December.
“There is a symbiotic relationship between heavy-duty freight rates and medium-duty demand,” Vieth said. “Clearly, the shift in consumer spending from experiences to goods has been good for the providers of local trucking services as e-commerce has grown by leaps and bounds during the pandemic.”
https://www.zerohedge.com/markets/december-class-8-truck-orders-are-fourth-highest-history
January 13, 2021
December Class 8 Truck Orders Are The Fourth Highest In History
by Tyler DurdenWednesday, Jan 13, 2021 – 5:35
Class 8 truck net new orders in December were the fourth highest in history at 50,900 units, down 2% MoM but up 153% YoY. Seasonally adjusted orders in the month came in at 39,500 units (474,000 SAAR), down 18% MoM. Orders were up 139% YoY to 142,000 units in Q4 (the second best quarter on record) and up 54% to 278,400 units in 2020.
As Alan Adler at Freightwaves writes, the surge in bookings reflects continued demand for consumer goods, an awakening of the manufacturing sector and robust fleet profits from tight freight capacity. A driver shortage is worsened by closed driving schools. Other drivers are sidelined because they failed drug tests. All of these factor into higher per-mile freight rates.
“As we at ACT [Research] can often be heard saying, ‘When carriers make money, they buy trucks,’” ACT President and senior analyst Kenny Vieth told FreightWaves.
The order strength in the last four months of the year made up for a stagnant order book in April and May, when the first wave of the coronavirus shuttered truck manufacturing plants and disrupted supply chains. But a V-shaped recovery took hold in late summer and plants laid on overtime to make up for delayed orders.
“Looking to 2021, with freight-intensive economic sectors like manufacturing coming on strong, and driver recruitment continuing to lag, carrier profitability should continue to accelerate, which bodes well for new vehicle demand,” Vieth said.
In a Thursday note from JPMorgan, the largest US commercial bank said it expects production of ~250,000 units in 2021 (up 17% YoY) and ~258,000 units in 2022 (up 3% YoY).
Should the economy fall victim to the worsening impact of the pandemic, fleets can cancel or retime orders. Order placements assure carriers of being assigned a build slot for their new trucks. As production backlogs grow, so does the time between order and delivery.
“Although we believe the tailwinds of still-strong consumer buying, likely to be boosted further by new stimulus checks, and inventory restocking will remain powerful in 1H21, a successful vaccine rollout and reopening of economies is likely to drive an aggressive shift in consumer dollars back to services,” Evercore ISI said in an investor note Thursday.
That could occur just as new trucks being ordered now are ready for delivery.
“To get two back-to-back order months over 50,000 is a stellar accomplishment, after previously seeing orders crater to under 5,000 units in April,” said Don Ake, vice president of commercial vehicles at FTR Transportation Intelligence. “Now, 2021 has the potential to be an incredible recovery year.”
Orders for new dry vans and refrigerated trailers mirror the surge in the tractor orders that pull them. Flatbed orders are recovering more slowly. The September-November booking total amounted to the second-best three months in industry history. “The backlog is filled into Q4,” Dave Giesen, vice president of sales at Stoughton Trailers, told FreightWaves in December. “We will wait for the supply chain to catch up before we continue quoting as this is a long way out.”
Meanwhile, December demand for Class 5-7 trucks recorded its second-best ever volume at 35,100 units. Medium-duty orders rose 28% over November and 73% compared to last December.
“There is a symbiotic relationship between heavy-duty freight rates and medium-duty demand,” Vieth said. “Clearly, the shift in consumer spending from experiences to goods has been good for the providers of local trucking services as e-commerce has grown by leaps and bounds during the pandemic.”
https://www.zerohedge.com/markets/december-class-8-truck-orders-are-fourth-highest-history
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