The Urethane Blog

Everchem Updates

VOLUME XXI

September 14, 2023

Everchem’s Closers Only Club

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

November 7, 2019

Polytek Obtains Grant for Expansion

Polytek wins Michigan’s help to invest in plant

Comstock Township, Michigan – Polytek Development, which makes polyurethane systems for casting and mould making, will invest around $2.1m in a new plant and facilities here.

The investment is being helped with a $112,000 grant from the local economic development corporation. In total 28 people could find jobs at the site.

Polytek is a platform company owned by Arsenal Capital Partners.It will use the new plant to consolidate work from several other locations.

Polytek has several locations from which it could chose to merge work into Michigan following a concerted programme of purchases. It bought:

  • BCC Products in October;
  • Stone Coat Countertops, an epoxy formulator in August; and,
  • ProMarine Supplies, also an epoxy formulator came into the fold earlier this year.

Before Arsenal bought Polytek, Polytek expanded when its previous owner bought Alumilite in 2018.

Mike Faupel is the vice president of Polytek’s Alumilite division. He said: ‘We would like to thank Michigan Economic Development Corporation and Southwest Michigan First for their time and support. We are eager to expand our team and develop community partners in Comstock township.’

https://www.utech-polyurethane.com/news/polytek-wins-michigans-help-invest-plant?utm_source=utech-north-america&utm_medium=email&utm_campaign=20191105&utm_content=idio-headline1

November 7, 2019

Polytek Obtains Grant for Expansion

Polytek wins Michigan’s help to invest in plant

Comstock Township, Michigan – Polytek Development, which makes polyurethane systems for casting and mould making, will invest around $2.1m in a new plant and facilities here.

The investment is being helped with a $112,000 grant from the local economic development corporation. In total 28 people could find jobs at the site.

Polytek is a platform company owned by Arsenal Capital Partners.It will use the new plant to consolidate work from several other locations.

Polytek has several locations from which it could chose to merge work into Michigan following a concerted programme of purchases. It bought:

  • BCC Products in October;
  • Stone Coat Countertops, an epoxy formulator in August; and,
  • ProMarine Supplies, also an epoxy formulator came into the fold earlier this year.

Before Arsenal bought Polytek, Polytek expanded when its previous owner bought Alumilite in 2018.

Mike Faupel is the vice president of Polytek’s Alumilite division. He said: ‘We would like to thank Michigan Economic Development Corporation and Southwest Michigan First for their time and support. We are eager to expand our team and develop community partners in Comstock township.’

https://www.utech-polyurethane.com/news/polytek-wins-michigans-help-invest-plant?utm_source=utech-north-america&utm_medium=email&utm_campaign=20191105&utm_content=idio-headline1

November 2, 2019

IMCD Integrates HORN

 

IMCD Establishes National U.S. Footprint as One Company with Full Integration of HORN

 

ROTTERDAM, The Netherlands (1 November 2019) – IMCD N.V. (“IMCD” or “Company”), a leading distributor of specialty chemicals and food ingredients, today announced that it has completed the integration of HORN into its IMCD US operations. HORN was acquired by IMCD in August 2018 and its integration completes the company’s transition into one IMCD US organization with dedicated market focus. Operating coast-to-coast, the IMCD US technical sales team offers a robust product portfolio with representation of leading global suppliers.

 

“With the full integration of HORN, IMCD has created an industry-leading distribution channel, well-positioned for further growth in the U.S.,” said Marcus Jordan, President, IMCD Americas. “Operating as one unified team, we provide our suppliers and customers with coast-to-coast coverage and expertise through our enhanced talent pool of market-driven experts. Having complementary values of entrepreneurship, transparency and expertise, IMCD is committed to building on HORN’s decades-long reputation of service excellence and expertise.”

 

IMCD made its U.S. debut in 2015 and has since acquired and integrated five specialty chemical distributors – M.F. Cachat, Mutchler, Bossco Industries, L.V. Lomas and now HORN. By completing the full integration of California-based HORN, IMCD has established itself as a U.S. leader in specialty chemicals and ingredients distribution with the distinction of having a national footprint as one company. As part of HORN’s integration, IMCD has made major investments in digitalization, application laboratory expansion, recruitment of additional technical personnel and the implementation of IMCD’s global IT platforms to further secure and uphold the company’s commitment in delivering excellence and value through expertise. The former headquarters of HORN now serves as the Western U.S. regional hub for IMCD.

 

IMCD US operations include 375 employees, five laboratories, more than 20 strategically located warehouses and five regional offices to complement and support its commercial and technical activities dedicated to serving specialized markets across the nation. Key market-focused segments in the U.S. include coatings and construction, advanced materials, oil and gas, food and nutrition, animal nutrition, pharmaceuticals, nutraceuticals and personal care.

 

Media Contacts:

 

IMCD GROUP                                    IMCD Americas

Marnie Kontovraki                               Ella Pochay

+31 6 28041510                                  +1 562 292 9071

communications@imcdgroup.com     ella.pochay@imcdus.com

 

 

###

 

About IMCD N.V.

IMCD is a market-leader in the sales, marketing and distribution of speciality chemicals and food ingredients. Its result-driven professionals provide market-focused solutions to suppliers and customers across EMEA, Asia-Pacific and Americas, offering a range of comprehensive product portfolios, including innovative formulations that embrace industry trends.

 

Listed at Euronext, Amsterdam (IMCD), IMCD realised revenues of € 2,379 million in 2018 with more than 2,800 employees in over 47 countries on 6 continents. IMCD’s dedicated team of technical and commercial experts work in close partnership to tailor best in class solutions and provide value through expertise for around 43,000 customers and a diverse range of world class suppliers.

 

To find out more about IMCD, please visit www.imcdgroup.com.

 

November 2, 2019

IMCD Integrates HORN

 

IMCD Establishes National U.S. Footprint as One Company with Full Integration of HORN

 

ROTTERDAM, The Netherlands (1 November 2019) – IMCD N.V. (“IMCD” or “Company”), a leading distributor of specialty chemicals and food ingredients, today announced that it has completed the integration of HORN into its IMCD US operations. HORN was acquired by IMCD in August 2018 and its integration completes the company’s transition into one IMCD US organization with dedicated market focus. Operating coast-to-coast, the IMCD US technical sales team offers a robust product portfolio with representation of leading global suppliers.

 

“With the full integration of HORN, IMCD has created an industry-leading distribution channel, well-positioned for further growth in the U.S.,” said Marcus Jordan, President, IMCD Americas. “Operating as one unified team, we provide our suppliers and customers with coast-to-coast coverage and expertise through our enhanced talent pool of market-driven experts. Having complementary values of entrepreneurship, transparency and expertise, IMCD is committed to building on HORN’s decades-long reputation of service excellence and expertise.”

 

IMCD made its U.S. debut in 2015 and has since acquired and integrated five specialty chemical distributors – M.F. Cachat, Mutchler, Bossco Industries, L.V. Lomas and now HORN. By completing the full integration of California-based HORN, IMCD has established itself as a U.S. leader in specialty chemicals and ingredients distribution with the distinction of having a national footprint as one company. As part of HORN’s integration, IMCD has made major investments in digitalization, application laboratory expansion, recruitment of additional technical personnel and the implementation of IMCD’s global IT platforms to further secure and uphold the company’s commitment in delivering excellence and value through expertise. The former headquarters of HORN now serves as the Western U.S. regional hub for IMCD.

 

IMCD US operations include 375 employees, five laboratories, more than 20 strategically located warehouses and five regional offices to complement and support its commercial and technical activities dedicated to serving specialized markets across the nation. Key market-focused segments in the U.S. include coatings and construction, advanced materials, oil and gas, food and nutrition, animal nutrition, pharmaceuticals, nutraceuticals and personal care.

 

Media Contacts:

 

IMCD GROUP                                    IMCD Americas

Marnie Kontovraki                               Ella Pochay

+31 6 28041510                                  +1 562 292 9071

communications@imcdgroup.com     ella.pochay@imcdus.com

 

 

###

 

About IMCD N.V.

IMCD is a market-leader in the sales, marketing and distribution of speciality chemicals and food ingredients. Its result-driven professionals provide market-focused solutions to suppliers and customers across EMEA, Asia-Pacific and Americas, offering a range of comprehensive product portfolios, including innovative formulations that embrace industry trends.

 

Listed at Euronext, Amsterdam (IMCD), IMCD realised revenues of € 2,379 million in 2018 with more than 2,800 employees in over 47 countries on 6 continents. IMCD’s dedicated team of technical and commercial experts work in close partnership to tailor best in class solutions and provide value through expertise for around 43,000 customers and a diverse range of world class suppliers.

 

To find out more about IMCD, please visit www.imcdgroup.com.

 

November 1, 2019

TDI Update

GCC TDI market still bearish; demand remains soft

Author: Izham Ahmad

2019/11/01

SINGAPORE (ICIS)–The Gulf Cooperation Council’s (GCC) spot toluene diisocyanate (TDI) import market is expected to remain in a bearish environment in coming weeks with no sign of any improvement in demand to provide relief.

In the week ended 31 October, spot import prices of TDI in the GCC were stable to soft at $1,550-1,600/tonne CFR (cost & freight), down by $20/tonne at the low end of the previous week’s price range, according to ICIS data.

The high end of the price range was unchanged because some key Asian suppliers were holding their offers to the GCC steady.

This week’s prices mark the lowest levels for TDI since March 2016.

ICIS Editorial Chart goes here

TDI and polyols are combined to produce mostly flexible foam products used in sofas,  mattresses and car seats. (Photo by Jonathan Perugia/Shutterstock)

 

“The lowest offers I heard were at $1,550/tonne (CFR GCC) this week,” said one market participant.

TDI prices in the GCC have been under broad downward pressure since March 2018 when they hit highs of $4,650/tonne CFR GCC.

The relentless downward price pressure has shown no signs of relief despite October being a typically strong demand season for TDI and other polyurethane (PU) component products.

The poor demand was largely attributed to sluggish economic growth, ongoing conflicts and geopolitical tensions in the region.

These have been aggravated by the prolonged US-China trade war, which has essentially dented demand for downstream foam products across Asia, especially China.

Supply has been increasing in recent years with Wanhua Chemical’s new 300,000 tonne/year TDI plant in Yantai, China; Sadara Chemical’s 200,000 tonne/year unit in Saudi Arabia; and BASF’s 300,000 tonnes/year plant in Ludwigshafen, Germany all coming on stream within the last three years.

Looking ahead, there were few signs that demand would improve before the year ends, market participants said.

Buyers in the GCC and the broader Middle East region have shown reluctance to confirm deals for large volume of material, fearing that prices would slide further even before they receive their orders.

“We are under pressure to get some sales but even many of our buyers have withdrawn their deals,” said one TDI supplier.

Focus article by Izham Ahmad

https://www.icis.com/explore/resources/news/2019/11/01/10438373/gcc-tdi-market-still-bearish-demand-remains-soft?cmpid=SOC%7CRSS%7Ctwitter%7CFreeChemNewsFeed