Huntsman Corporation has completed its acquisition of Tecnoelastomeri, a manufacturer and marketer of methylene diphenyl diisocyanate (MDI) based hot-cast elastomer systems and processing machines, based in Modena, Italy. The 2014 sales revenue for Tecnoelastomeri was approximately US$12 million.
Hot-cast polyurethanes are used in many downstream applications, including bumper pads, coated conveyor belts, gears, rollers and wheels. These applications are used in the automotive, rail, oil and gas, mining and steel industries among others. Huntsman has supplied MDI for these applications for many years.
‘We are very pleased with the acquisition of Tecnoelastomeri,’ said, Tony Hankins, president of Huntsman’s polyurethanes division. ‘The addition of its highly experienced team to our Polyurethanes business will significantly strengthen our offer to the growing, downstream hot-cast elastomer markets globally.’
This story is reprinted from material from Huntsman, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
