Maastricht, the Netherlands -- Invista's Robert Francois, president specialty materials, revealed that the company may launch "one or two new products" in 2015 on the sidelines of UTECH Europe 2015.
He talked about the potential launches as the firm showcased its Terrin polyols, Terate polyols and Terathane glycols at the show. Terrin aliphatic polyester polyols contain at least 50% recycled content with some grades containing renewable content and they substitute or can be blended with conventional polyether or polyester polyols in variety of polyurethane products, according to the firm.
Invista estimates that it serves 30 to 35 segments across the chemical industry, Francois told UTECH-polyurethane.com Invista sees the market "as a constantly receding horizon-- one full of new opportunites to create value."
He said the Terrin polyol range started as an idea of how to take an existing company co-products -- a mixture of recycled, carboxylic acid functional monomers -- and incorporating other materials like bio-based renewable glycerol and develop chemistry for market needs.
Francois said it is not about always trying to create the perfect product. "If a group of our customers needs competitive, recycled content polyol at a lower price point then it could be an opportunity.
He added having a good sense of humility is key because "no one expects to have all the answers" but, he said, the willingness to listen and apply the idea of “experimental discovery” was also key to the company’s vision.
"For us it is about consitantly trying to learn, trying to understand where trends are going and where it is possible for us to be investing," Francois added.
"We have the flexibility to move vertically within markets, to sell directly or to licence technologies. We are excited about other possibilities to help create value into the future," said Francois.