Skip to main content
Sister Publication Links
  • Middle East Foam & Polyurethane
  • UTECH Asia/PU China
  • UTECH Europe
  • UTECH Las Americas
Subscribe
  • My Account
  • Login
  • Subscribe
  • Coronavirus
  • News
    • Asia
    • Americas
    • Europe
    • M & A
    • Financial results
    • Automotive
    • Huafon estimates 2020 profit will be up to 40% higher than 2019
      Construction starts for Jason Furniture plants in China and Vietnam
      World automotive registrations recover in H2 2020
      PU leather maker Anli to open Vietnam plant; starts supplying to IKEA
    • World automotive registrations recover in H2 2020
      Mlily to increase US market share following anti-dumping duties
      US footwear imports up 25% in November 2020
      Introducing UTECH Southeast Asia 2022
    • World automotive registrations recover in H2 2020
      Bosnian producer to invest in new PU panel factory
      Covestro wins ISCC Plus certificate for Krefeld MDI
      Car sales down 25% in Western Europe in 2020
    • PPG buys polyurea company Versaflex
      Recticel buys FoamPartner
      Recticel upgrades Q3 outlook despite raw material tightness
      Covestro broadens PU portfolio with DSM purchase
    • Huafon estimates 2020 profit will be up to 40% higher than 2019
      Mlily to increase US market share following anti-dumping duties
      Stellar Q4 performance saves Wanhua 2020 earnings
      2020 proved fruitful for Vitafoam Nigeria
    • World automotive registrations recover in H2 2020
      Car sales down 25% in Western Europe in 2020
      Patchy coronavirus effects hit global car sales in November
      November continues fall in Western Europe's car sales
  • Data
  • Information
    • Country Overview
    • Market Sector overviews
    • Technical articles
    • Company profiles and strategies
    • China’s PU industry on the path to recovery; plans for technology upgrades
      Chinese cold chains grow bigger
      Flexible foam rises to challenges in the Middle East and Africa
      Life at the cross-roads: what does the GCC offer PU?
    • Europe's flexible foam makers face rising prices as outages hit markets
      Western European car registrations rebound slowed in September
      Western European car registrations regained some ground in August
      Western European Car registrations rebound continued in July
    • Take out the VOC with hybrid release agents
      Batteries give pultrusions power
      Seeing a way through VOC and FOG
      Aromatic polyols for simpler rigid PU formulations
    • Hennecke and Frimo: an automotive partnership
      Pushing ahead: AutoRIM drives KM’s UK growth
      BASF opens it first ‘Creation Center’ in Mumbai with a PU twist
      Persistence pays off for CTM
  • Events
    • Exhibitions
    • Conferences
    • Webinars / Livestreams
    • Become a Speaker
  • Advertise
  • Contact Us
  • Issues
  • Subscribe
MENU
Breadcrumb
  1. Home
  2. News
June 04, 2018 12:00 AM

Dow wants to buy Systems Houses

Simon Robinson
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    Maastricht, Netherlands – Dow Polyurethanes is on the hunt for systems houses that fit with its strategy in higher added value markets segments, Jon Penrice, vice president Dow Polyurethanes, said at UTECH Europe 2018.

    Penrice: systems approach

    Penrice speaking on the fringes of the meeting said: 'we have gone through a strategic review. We are actively looking for M&A.'

    'We want to pick up the pace again. It's a good strategy, we took a rain check on it,' he explained. 'We would like to grow our systems business at close to double digit; 8-10% is our projected rate.'

    'Acquisitions give us channels to market as well as speed,' he said.

    'We are interested in acquiring technology positions in the CASE area and composites and in rigids.'

    'Technical insulation for pipes… consumer areas too in the comfort sector. Within CASE, protective coatings for truck floors, adhesives' are all targets.

    Dow sees systems as a way of moving up closer to adhesives customer in the supply chain.

    Penrice explains: 'Dow is a large company in the adhesive sector, but as a raw material supplier. Dow is interested in industrial and construction adhesives. Elastomers, small customers high technology and higher than usual P/E margins.

    Footwear, 'could be interesting as it moves back out of Asia to Turkey, north Africa and its going a bit further up market.'

    Composites is the final area of interest 'it's fairly small, compared to unsaturated polyester resins, but processability and performance are there. Polyurethanes sit in the gap where it is more processable than epoxy and higher performance than polyester. We’re seeing much higher growth rates in composites in automotive and industrial applications.'

    Penrice added: 'there are small companies that lack scale but have global ambition, we can give them global growth and expansion.

    'We are also very flexible on the type of M&A, they could turn into joint ventures, marketing alliances. We are not dogmatic. We want the entrepreneur to have skin in the game and to want to continue, but we can help scale, and they can grow much faster with us, or they can cash out.'

    Recommended for You
    Huafon estimates 2020 profit will be up to 40% higher than 2019
    Huafon estimates 2020 profit will be up to 40% higher than 2019
    Construction starts for Jason Furniture plants in China and Vietnam
    World automotive registrations recover in H2 2020
    World automotive registrations recover in H2 2020
    Latest Issue
    Click HERE for Free Download
    View All Archives
    Get our newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Register to access our archive of leading information on the polyurethanes industry.

    Subscribe now
    Connect with Us
    • Twitter
    • LinkedIn
    • Facebook
    • Youtube

    Follow us on social media for the latest polyurethanes industry news and event updates.

    Logo
    Contact Us

    Office 127,
    61, Willow Walk,
    London
    SE1 5SF
    E-mail us
    +44 (0) 203 287 5979

    Customer Service:
    +1 313 446 0450

    Resources
    • Advertise with Us
    • Media Kit
    • Staff
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • Coronavirus
    • News
      • Asia
      • Americas
      • Europe
      • M & A
      • Financial results
      • Automotive
    • Data
    • Information
      • Country Overview
      • Market Sector overviews
      • Technical articles
      • Company profiles and strategies
    • Events
      • Exhibitions
      • Conferences
      • Webinars / Livestreams
      • Become a Speaker
    • Advertise
    • Contact Us
    • Issues
    • Subscribe