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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
November 7, 2022
Covestro Pauses Investment Project for World-Scale MDI Plant
Published: Nov. 7, 2022 at 5:42 a.m. ET
By Pierre Bertrand
Covestro AG said Monday that it has paused an investment project for a new world-scale methylene diphenyl diisocyanate, or MDI, plant.
Citing disruptions to the global economy caused by the war in Ukraine, Europe’s energy crisis and growing inflation, the German polymer manufacturer said its decision means it hasn’t yet decided where the plant will be built.
“Facing an increasingly volatile economic environment, we must ensure that we make the best decision for the company economically and strategically”, Covestro Chief Executive Markus Steilemann said. “Thus, we pause the project for the moment and reassess it at a later time,” he said.
It is the second time since early 2020 that the company has paused the project. When it had resumed in 2021, the company said it was considering building the plant in either the U.S. or China with commission planned for 2026.
The suspension of the investment doesn’t represent a change in Covestro’s long-term growth strategy, the company said Monday, adding that it continues to see significant growth in global demand for MDI driven by energy-efficient construction trends.
MDI is a raw material used for the production of polyurethane insulation which can reduce a building’s heating and cooling needs by up to 70%, according to Covestro.
November 7, 2022
Covestro Pauses Investment Project for World-Scale MDI Plant
Published: Nov. 7, 2022 at 5:42 a.m. ET
By Pierre Bertrand
Covestro AG said Monday that it has paused an investment project for a new world-scale methylene diphenyl diisocyanate, or MDI, plant.
Citing disruptions to the global economy caused by the war in Ukraine, Europe’s energy crisis and growing inflation, the German polymer manufacturer said its decision means it hasn’t yet decided where the plant will be built.
“Facing an increasingly volatile economic environment, we must ensure that we make the best decision for the company economically and strategically”, Covestro Chief Executive Markus Steilemann said. “Thus, we pause the project for the moment and reassess it at a later time,” he said.
It is the second time since early 2020 that the company has paused the project. When it had resumed in 2021, the company said it was considering building the plant in either the U.S. or China with commission planned for 2026.
The suspension of the investment doesn’t represent a change in Covestro’s long-term growth strategy, the company said Monday, adding that it continues to see significant growth in global demand for MDI driven by energy-efficient construction trends.
MDI is a raw material used for the production of polyurethane insulation which can reduce a building’s heating and cooling needs by up to 70%, according to Covestro.
November 3, 2022
From the BASF Investor’s Call:
November 3, 2022
From the BASF Investor’s Call:
November 3, 2022
BROCK LEWIS OBITUARY
Brock Lewis (30) of Millington, NJ passed away on OCT 27, 2022 as a result of a motorcycle accident. He was surrounded by family. He was born and raised in Millington and a graduate of Watching Hills High School. He was finishing his education at RVCC on the Dean’s List.
He was employed by Everchem as a Chemical Sales representative. Brock was a member of the Stirling Elks.
Brock loved to boat, fish, ski, and snowboard. He played hockey and was a referee. He enjoyed being in Naples, FL and Tupper Lake in the Adirondack Mountains.
He is survived by his parents, Bill and Jill Lewis, and brother Troy Lewis. Grandmothers: Dee Huddilston, Mary Kennedy (John), and Dona Lewis. He leaves behind many Aunts, Uncles, cousins, and his girlfriend Leah.
Brock was predeceased by his Grandfathers: Bob Huddilston, William Lewis, and Charles Pienkowski.
A celebration Service will be held at the Shrine of Saint Joseph on SAT, NOV 5th at 9:30am. (1050 Long Hill Rd Stirling, NJ)
Special Thanks to the ICU nurses and staff at Morristown Memorial Hospital for their extraordinary care.
In lieu of flowers, donations can be made to the Stirling Elks Special Children’s fund for his Best friend’s daughter, Serenity. Checks can be sent to Stirling Elks lodge 2392 1138 Valley Rd Stirling, NJ 07980 Attn: Brock for Serenity
Arrangements are under the direction of the Valley memorial Funeral Home 1012 Valley Rd., Gillette, NJ. For more information and online condolences visit valleymemorialfuneralhome.net
Published by Valley Memorial Funeral Home on Nov. 1, 2022.
https://www.legacy.com/us/obituaries/name/brock-lewis-obituary?id=36959109
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