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

October 9, 2019

Missed This Somehow

China’s Wanhua Buys Sweden’s Chematur for USD134.4 Million Ahead of MDI Plant Deal

Tang Shihua
/SOURCE : yicai
 

(Yicai Global) July 31 — China’s Wanhua Chemical Group has acquired Sweden’s Chematur Technologies for CNY925 million (USD134.4 million) to improve its research and development abilities in Europe before another purchase from the same seller regarding a chemical plant in China’s Fujian province.

Wanhua has bought the entire equity of Chematur from Kangnaier Investment Group, the Shandong province-based firm said in a statement yesterday. The former parent did not disclose the reason for selling the asset.

Wanhua is also planning to buy an 80 percent stake in Kangnaier’s upcoming methylene diphenyl isocyanate plant in Fujian, with an annual production capacity of 800,000 tons of the chemical used to make coatings, foams, and adhesives. The factory is scheduled to be put into operation in October.

Wanhua aims to enhance its global competitiveness via the acquisition, it said. The firm made one-fifth of the global supply of MDI last year, according to its annual report.

In 2014, Kangnaier bought the Orebro-based chemical firm for nearly USD100 million.

Editor: Emmi Laine

https://www.yicaiglobal.com/news/china-wanhua-buys-sweden-chematur-for-usd1344-million-ahead-of-mdi-plant-deal

October 9, 2019

Missed This Somehow

China’s Wanhua Buys Sweden’s Chematur for USD134.4 Million Ahead of MDI Plant Deal

Tang Shihua
/SOURCE : yicai
 

(Yicai Global) July 31 — China’s Wanhua Chemical Group has acquired Sweden’s Chematur Technologies for CNY925 million (USD134.4 million) to improve its research and development abilities in Europe before another purchase from the same seller regarding a chemical plant in China’s Fujian province.

Wanhua has bought the entire equity of Chematur from Kangnaier Investment Group, the Shandong province-based firm said in a statement yesterday. The former parent did not disclose the reason for selling the asset.

Wanhua is also planning to buy an 80 percent stake in Kangnaier’s upcoming methylene diphenyl isocyanate plant in Fujian, with an annual production capacity of 800,000 tons of the chemical used to make coatings, foams, and adhesives. The factory is scheduled to be put into operation in October.

Wanhua aims to enhance its global competitiveness via the acquisition, it said. The firm made one-fifth of the global supply of MDI last year, according to its annual report.

In 2014, Kangnaier bought the Orebro-based chemical firm for nearly USD100 million.

Editor: Emmi Laine

https://www.yicaiglobal.com/news/china-wanhua-buys-sweden-chematur-for-usd1344-million-ahead-of-mdi-plant-deal

October 3, 2019

BDO Outlook Video

VIDEO: European BDO Q4 outlook bearish ahead of EPCA

Author: Eashani Chavda

2019/09/27

LONDON (ICIS)–While European butanediol (BDO) players are starting discussions for fourth-quarter contract prices market sentiment remains bearish on the back of tepid demand and global oversupply.

Markets editor Eashani Chavda discusses the key drivers for the fourth quarter ahead of the 53rd Annual European Petrochemical Association (EPCA) conference in Berlin.

Watch the video here:   https://www.icis.com/explore/resources/news/2019/09/27/10423519/video-european-bdo-q4-outlook-bearish-ahead-of-epca/

October 3, 2019

BDO Outlook Video

VIDEO: European BDO Q4 outlook bearish ahead of EPCA

Author: Eashani Chavda

2019/09/27

LONDON (ICIS)–While European butanediol (BDO) players are starting discussions for fourth-quarter contract prices market sentiment remains bearish on the back of tepid demand and global oversupply.

Markets editor Eashani Chavda discusses the key drivers for the fourth quarter ahead of the 53rd Annual European Petrochemical Association (EPCA) conference in Berlin.

Watch the video here:   https://www.icis.com/explore/resources/news/2019/09/27/10423519/video-european-bdo-q4-outlook-bearish-ahead-of-epca/

Mattress Recycling Council Promotes New No-Cost Sustainability Certification Program To California Mattress Manufacturers

Sleep Products Sustainability Program (SP2) Offers Manufacturers Training and Tools to Reduce Waste, Cut Energy Consumption and Lower Spending


News provided by

Mattress Recycling Council

Oct 01, 2019, 14:00 ET


SACRAMENTO, Calif., Oct. 1, 2019 /PRNewswire/ — The Mattress Recycling Council (MRC) has launched the Sleep Products Sustainability Program (SP2), a new environmental certification and sustainability initiative for mattress manufacturers in the state of California. SP2 training and certification is offered at no cost to mattress manufacturers that want to improve operations at their manufacturing plants, distribution centers, warehouses and/or offices.

“SP2 is designed to reduce waste and energy consumption in the manufacturing process while increasing operational efficiencies and generating cost savings,” says Ryan Trainer, president of the Mattress Recycling Council (MRC) and the International Sleep Products Association (ISPA). “Developed as part of the bedding industry’s commitment to environmental stewardship, this voluntary program supports ongoing sustainability efforts.”

SP2 offers individual mattress manufacturers training to conduct an in-depth analysis to identify ways to reduce environmental impacts, establish best practices and set metrics to track progress by examining:

  • The nature and designs of the products they manufacture
  • The raw materials they manage and consume in manufacturing and distributing those products
  • The energy, water and other resources needed in the manufacturing and distribution processes
  • Management and minimization of waste products generated at each stage in the manufacturing and distribution processes
  • How the products they manufacture today are managed at the end of their useful lives by recyclers

“This comprehensive approach will help participating manufacturers review, revise and improve their operations for better environmental performance,” says Justine Fallon, MRC’s director of operations. “The main goal is to help individual companies create voluntary proactive environmental management systems that can produce continual improvements over time.”

Although initially available only to California mattress producers, MRC may expand the program to suppliers and retailers in that state and eventually to companies in other states that serve the California market, and perhaps elsewhere. Pleasant Mattress, based in Fresno, California, was the first manufacturer to undergo the training, and MRC expects two or three others to complete the training by the end of the year.

“MRC encourages California mattress manufacturers to participate in this voluntary program to take advantage of the benefits it provides both to them and to the environment,” says Fallon. “Upon successful completion of the program, participants will earn an SP2 facility certification which they can promote to their customers, demonstrating their commitment to sustainability.”

For additional information about the goals and benefits of SP2 and participation in this no-cost opportunity, California mattress manufacturers can visit www.MattressRecyclingCouncil.org/SP2 or contact Michael LaRussa, MRC program coordinator at 916-591-2540 or mlarussa@mattressrecyclingcouncil.org.

https://www.prnewswire.com/news-releases/mattress-recycling-council-promotes-new-no-cost-sustainability-certification-program-to-california-mattress-manufacturers-300928928.html