The Urethane Blog
November 26, 2018
Ladies and Gentlemen,
Era Polymers are very pleased to announce, that we have
purchased a purpose built polyurethane manufacturing facility in
North Carolina, USA.
So, what does that mean?
WELL, The facility has been specifically designed to manufacture
the sorts of urethane systems, that we have been selling into the
USA, for more than 15 years.
• We have reactors (we call them KETTLES).
• We have a tank farm (we call them Bulk Storage facilities).
• We have hot boxes (I think that you also call them hot boxes,
or maybe, LARGE ovens, for melting stuff).
• We have laboratories. (To “die for” … I’m a connoisseur of
laboratories… I think that we have about 16, stashed around
the world. And these new laboratories, are superb).
Just to show you what I mean , I have attached some photos.
And, above all that “stuff”, we have the right skilled people to
operate the plant.
I’ve said it for a long, long, time;
“ We are only as good as the people that we employ…
AND, we employ, a lot of very good people”
In total, we have everything we need to produce the high quality
prepolymer systems, that we have become famous for.
We have started outfitting our new facility. In a few short months, we
will be “ready to go”.
This facility will produce urethane prepolymers, not just for the USA
market, but also, for the Canadian, Mexican, South American, and
European markets.
And like with all our facilities, in Australia, New Zealand and South
Africa… we will encourage our customers, YOU, to come and see what
we do, and how we do it! Era Polymers is a family business.
We are 150 people strong.
We are passionate, about all things, polyurethanes…AND, we are
especially very passionate, about our customers.
We look forward to being of continuing service to you…. NOW, from
our new home, in Stanley, North Carolina, USA.
Best Wishes, George Papamanuel
November 26, 2018
BASF : Stops Ludwigshafen Polyurethane Production Due to Low Water Levels on the Rhine
By Donato Paolo Mancini
BASF SE (BAS.XE) said Monday that it is temporarily stopping production of a polyurethane component at its Ludwigshafen site because of low water levels on the river Rhine.
Toluene diisocyanate, or TDI, production will stop because of supply issues, despite a “maximum shift” to alternative transportation means, BASF said.
The resumption of production is dependent on the water level in the Rhine, the company said.
BASF said it’s in contact with its customers regarding the issue.
https://www.marketscreener.com/BASF-6443227/news/BASF-Stops-Ludwigshafen-Polyurethane-Production-Due-to-Low-Water-Levels-on-the-Rhine-27661877/
November 26, 2018
BASF : Stops Ludwigshafen Polyurethane Production Due to Low Water Levels on the Rhine
By Donato Paolo Mancini
BASF SE (BAS.XE) said Monday that it is temporarily stopping production of a polyurethane component at its Ludwigshafen site because of low water levels on the river Rhine.
Toluene diisocyanate, or TDI, production will stop because of supply issues, despite a “maximum shift” to alternative transportation means, BASF said.
The resumption of production is dependent on the water level in the Rhine, the company said.
BASF said it’s in contact with its customers regarding the issue.
https://www.marketscreener.com/BASF-6443227/news/BASF-Stops-Ludwigshafen-Polyurethane-Production-Due-to-Low-Water-Levels-on-the-Rhine-27661877/
November 24, 2018
Steinhoff’s U.S. unit Mattress Firm exits bankruptcy, shuts 660 stores
(Reuters) – Steinhoff International (SNHJ.J) said on Thursday its Mattress Firm Inc unit, the largest U.S. mattress retailer, emerged out of bankruptcy with access to $525 million in exit financing, within two months of filing for Chapter 11 protection.
Mattress Firm also closed about 660 underperforming stores, said Steinhoff, which has been working on a deal to restructure the debt of some units after revealing multi-billion-euro holes in its balance sheet.
The store closures still leave the Houston-based company with about 2,600 stores across the United States.
“Today’s announcement is a further positive step in the wider Steinhoff restructuring process, which continues to make good progress,” Steinhoff acting CEO Danie van der Merwe said.
Mattress Firm, founded in 1986, had filed for voluntary bankruptcy protection in early October, gaining some breathing room to restructure and shore up its finances.
The retail industry has seen a series of bankruptcies, including Toys “R” Us, over the last couple of years on mounting pressure from e-commerce companies like Amazon.com Inc (AMZN.O).
Reporting by Muvija M in Bengaluru; Editing by Gopakumar Warrier
November 24, 2018
Steinhoff’s U.S. unit Mattress Firm exits bankruptcy, shuts 660 stores
(Reuters) – Steinhoff International (SNHJ.J) said on Thursday its Mattress Firm Inc unit, the largest U.S. mattress retailer, emerged out of bankruptcy with access to $525 million in exit financing, within two months of filing for Chapter 11 protection.
Mattress Firm also closed about 660 underperforming stores, said Steinhoff, which has been working on a deal to restructure the debt of some units after revealing multi-billion-euro holes in its balance sheet.
The store closures still leave the Houston-based company with about 2,600 stores across the United States.
“Today’s announcement is a further positive step in the wider Steinhoff restructuring process, which continues to make good progress,” Steinhoff acting CEO Danie van der Merwe said.
Mattress Firm, founded in 1986, had filed for voluntary bankruptcy protection in early October, gaining some breathing room to restructure and shore up its finances.
The retail industry has seen a series of bankruptcies, including Toys “R” Us, over the last couple of years on mounting pressure from e-commerce companies like Amazon.com Inc (AMZN.O).
Reporting by Muvija M in Bengaluru; Editing by Gopakumar Warrier
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