Positive outlook for chemicals industry in 2019: ERP considerations

CHRIS WILLIAMSON | January 8, 2019 | 116 views

After a turbulent few years, the tide seems to be turning for the chemicals industry. Knowing what to look for in 2019 and how an industry-specific enterprise resource planning (ERP) solution can make a major difference sets chemicals companies up for a productive new year. With a positive outlook for the chemicals industry in 2019, ERP considerations should come into the fore for companies looking to drive better operations and controls designed with the industry in mind.

Spotlight

Trison Polymers Ltd Şti.

The company was founded in 2013 at the city of Mersin – Turkey, by one of the biggest groups of paint manufacturing in the Middle East. The company, which belongs to 100% foreign investors, has a strong commitment to deliver high quality, cost effective chemical products to the international markets.

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CHEMICAL MANAGEMENT

Transporting biological and chemical materials - what you need to know

Article | July 14, 2022

The landscape of biological and chemical logistics has changed rapidly - as have the regulatory frameworks around it. What has not necessarily kept pace is the end-user understanding of the nature of these logistical processes, their opportunities and their constraints. Twenty years ago, the transmission of biological and chemical materials was limited to a small range of organisations: usually national and international research companies, hospitals, major university departments, police and military departments with forensic responsibilities.

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CHEMICAL TECHNOLOGY

Setting record straight on testing harm in chemicals

Article | July 20, 2022

The modern world is built on chemicals, be it the medicines we use, or cleaning fluids, crop protection products, or the raw materials for everything from laptops and mobile phones to clothes and furniture. Across all, we have created an entire modern society with chemicals, and, as a result, constantly stretched the size of the world population we can feed, clothe and shelter. Yet, balancing all the gains from the modern chemistry around us against any negative environmental and human impact has been a rising concern, making for ever greater focus on testing and on risk assessment.

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CHEMICAL TECHNOLOGY

Why chemical characterization is the best way to assess patient risk

Article | July 14, 2022

Everyone is very familiar with the phrase when buying a house: All that really matters are three things - location, location, and location. This same principle applies to extractables and leachables chemistry analysis – the three things that truly matter are identification, identification, and identification. The greatest growth in the past ten years in demonstrating the safety of medical devices and container closure systems for drugs has been using analytical chemistry to determine what chemicals can leach from the device and what the patient is exposed to during its intended use.

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How Chemical Companies Benefit from the Experience Economy

Article | February 10, 2020

To feel or experience from a business engagement started with customer experience mainly in the consumer products business. Today it has extended to even knowledge industries like the chemical industry where experiencing or feeling can be leveraged to include all stake holders from customers primarily to employees to supply chain people & suppliers and all else. With digital technologies this has become easier than before. The benefits from promoting the ‘feel’ or ‘experience’ emotion could be multifarious for the chemical industry as described in this article.

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Spotlight

Trison Polymers Ltd Şti.

The company was founded in 2013 at the city of Mersin – Turkey, by one of the biggest groups of paint manufacturing in the Middle East. The company, which belongs to 100% foreign investors, has a strong commitment to deliver high quality, cost effective chemical products to the international markets.

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PRODUCTS AND TECHNOLOGIES, RAW MATERIALS

Capstreet Sells OnPoint, a Provider of Safety, Logistics and Planning Services to the Refining and Petrochemical Industries

OnPoint Industrial Services and Capstreet | November 29, 2022

Capstreet, a Houston-based lower middle market private equity firm, announced that it has sold OnPoint Industrial Services a specialized provider of safety, logistics and planning services designed to support complex maintenance projects in the refining and petrochemical industries, to MML Capital. Terms of the transaction were not disclosed. Through acquisitions and organic growth, OnPoint has assembled a comprehensive suite of support services that allow its customers to manage complex maintenance projects more efficiently and safely. Based in Deer Park, Texas, OnPoint's services include project planning and coordination, transportation and logistics, materials management, and safety services. Capstreet's relationship with OnPoint began in 2015 when it acquired Creative Resource Group (CRG). Subsequently CRG acquired Inotek Safety Consultants and WTMC, eventually rebranding them together as OnPoint. Under Capstreet's ownership, the Company would go on to make three additional tuck-in acquisitions and merge with Certified Safety, expanding its services and footprint under the leadership of a newly created management team. "When Capstreet made its initial investment, we identified a need for a large-scale, single-source service provider of support services for industrial maintenance projects. We recruited an incredible leadership team to the business and together we successfully sourced and integrated several acquisitions and drove organic growth to create one of the recognized leaders in our industry. This has been a tremendous journey, and we believe OnPoint is positioned for ongoing success with its new owner." Paul De Lisi, Partner at Capstreet "OnPoint has transformed over the last few years, adding the services and skills demanded by an evolving industry," said Liz Clark, CEO of OnPoint. "It has been a pleasure working with the Capstreet team to drive this change and expand the Company, and we are excited about what lies ahead." "Thanks to OnPoint's management team and the hard work of its employees, we were able to create value and grow OnPoint from a small industrial services business to what the Company is today," said Walker Kahle, Senior Vice President of Portfolio Operations at Capstreet. "Congratulations to all involved." Willkie Farr & Gallagher served as legal counsel and BlackArch Partners was the financial advisor for Capstreet. About OnPoint Industrial Services OnPoint Industrial Services' offerings are designed to facilitate the safe and efficient flow of people, materials, and equipment during turnarounds and capital projects. By applying people, process, and technology, OnPoint satisfies the logistics requirement of these complex events. About Capstreet Founded in 1990, Capstreet invests in lower middle market software, tech-enabled services, and industrial business services companies. With over 45 platform investments and over 200 add-on acquisitions since inception, Capstreet's investment strategy is focused on utilizing its Capvalue Framework™ to help accelerate growth and profitability, and help create long term sustainable businesses. The majority of Capstreet's investments have been with founder- or entrepreneur-owned businesses.

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CHEMICAL MANAGEMENT

Chemical Industry Urges White House and Congress to Prevent Crippling Rail Strike

American Chemistry Council | November 29, 2022

As a looming freight rail strike threatens to shut down the U.S. economy, the American Chemistry Council is calling on the White House and Congress to act quickly to keep vital chemical shipments moving. "Chemical manufacturers are one of the first industries that will be impacted as railroads start restricting service up to a week before a threatened strike. Freight rail transportation is vital for transporting chemicals critical to everyday life, including water treatment, energy production and food production. Shutting down chemical shipments by rail would quickly send shockwaves that would be felt through the entire economy and households across the country." Chris Jahn, ACC's president and CEO To prepare for a shutdown, railroads stop accepting "security sensitive shipments" – including certain chemicals - well in advance of a strike. Many chemical facilities would be forced to curtail production or shut down within the first week of a rail service embargo. Fueling Inflation & Recession No one would be immune if an actual strike and full shutdown of the rail network were to occur. ACC estimates a strike would put a chill on the entire economy and shove the country into a recession. According to an economic analysis conducted by ACC, the impact of a potential strike would be felt almost immediately in terms of business shutdowns, scarcity of materials and goods, and lost economic activity. According to the analysis, a strike lasting one month would likely put a major chill on several leading economic indicators through the first half of 2023: Economic Slowdown: The Gross Domestic Product would contract by one percentage point, which would pull almost $160 billion dollars out of the economy. To put this into perspective, during the financial meltdown in 2008, the economy lost $210 billion dollars through the first half of 2008. "A rail strike could shove the economy out of recovery mode and into a recession," said Martha Moore, ACC's chief economist. "A prolonged strike would have an exponential effect for each additional month and drag the country into a potential recession much faster." "This is a preventable crisis that should not fall on the shoulders of American consumers and manufacturers," said Jahn. "President Biden and Congress must act this week on a bipartisan solution based on the terms that labor leaders and railroads agreed to in September." American Chemistry Council The American Chemistry Council represents the leading companies engaged in the multibillion-dollar business of chemistry. ACC members apply the science of chemistry to make innovative products, technologies and services that make people's lives better, healthier and safer. ACC is committed to improved environmental, health, safety and security performance through Responsible Care®; common sense advocacy addressing major public policy issues; and health and environmental research and product testing. ACC members and chemistry companies are among the largest investors in research and development, and are advancing products, processes and technologies to address climate change, enhance air and water quality, and progress toward a more sustainable, circular economy.

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PRODUCTS AND TECHNOLOGIES, MARKET OUTLOOK

Suspension of Technip Energies’ Liquidity Contract

Technip | November 28, 2022

Technip Energies N.V. announces that the liquidity agreement entered into with Kepler Cheuvreux dated July 9, 2021 has been suspended as of November 22, 2022, pending renewal of the resolution of the general meeting of shareholders authorizing share buybacks. The number of shares and amount allocated as of November 22, 2022, close of trading, to the Liquidity Contract was 8,900 shares and €9,780,454.34. As a reminder, the securities and amounts that were allocated to the Liquidity Agreement as of June 30, 2022, were 207,823 shares and €6,832,747.61. About Technip Energies Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in LNG, hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The Company benefits from its robust project delivery model supported by an extensive technology, products and services offering. Operating in 34 countries, our 15,000 people are fully committed to bringing our clients’ innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow. Technip Energies shares are listed on Euronext Paris. In addition, Technip Energies has a Level 1 sponsored American Depositary Receipts program, with its ADRs trading over-the-counter.

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PRODUCTS AND TECHNOLOGIES, RAW MATERIALS

Capstreet Sells OnPoint, a Provider of Safety, Logistics and Planning Services to the Refining and Petrochemical Industries

OnPoint Industrial Services and Capstreet | November 29, 2022

Capstreet, a Houston-based lower middle market private equity firm, announced that it has sold OnPoint Industrial Services a specialized provider of safety, logistics and planning services designed to support complex maintenance projects in the refining and petrochemical industries, to MML Capital. Terms of the transaction were not disclosed. Through acquisitions and organic growth, OnPoint has assembled a comprehensive suite of support services that allow its customers to manage complex maintenance projects more efficiently and safely. Based in Deer Park, Texas, OnPoint's services include project planning and coordination, transportation and logistics, materials management, and safety services. Capstreet's relationship with OnPoint began in 2015 when it acquired Creative Resource Group (CRG). Subsequently CRG acquired Inotek Safety Consultants and WTMC, eventually rebranding them together as OnPoint. Under Capstreet's ownership, the Company would go on to make three additional tuck-in acquisitions and merge with Certified Safety, expanding its services and footprint under the leadership of a newly created management team. "When Capstreet made its initial investment, we identified a need for a large-scale, single-source service provider of support services for industrial maintenance projects. We recruited an incredible leadership team to the business and together we successfully sourced and integrated several acquisitions and drove organic growth to create one of the recognized leaders in our industry. This has been a tremendous journey, and we believe OnPoint is positioned for ongoing success with its new owner." Paul De Lisi, Partner at Capstreet "OnPoint has transformed over the last few years, adding the services and skills demanded by an evolving industry," said Liz Clark, CEO of OnPoint. "It has been a pleasure working with the Capstreet team to drive this change and expand the Company, and we are excited about what lies ahead." "Thanks to OnPoint's management team and the hard work of its employees, we were able to create value and grow OnPoint from a small industrial services business to what the Company is today," said Walker Kahle, Senior Vice President of Portfolio Operations at Capstreet. "Congratulations to all involved." Willkie Farr & Gallagher served as legal counsel and BlackArch Partners was the financial advisor for Capstreet. About OnPoint Industrial Services OnPoint Industrial Services' offerings are designed to facilitate the safe and efficient flow of people, materials, and equipment during turnarounds and capital projects. By applying people, process, and technology, OnPoint satisfies the logistics requirement of these complex events. About Capstreet Founded in 1990, Capstreet invests in lower middle market software, tech-enabled services, and industrial business services companies. With over 45 platform investments and over 200 add-on acquisitions since inception, Capstreet's investment strategy is focused on utilizing its Capvalue Framework™ to help accelerate growth and profitability, and help create long term sustainable businesses. The majority of Capstreet's investments have been with founder- or entrepreneur-owned businesses.

Read More

CHEMICAL MANAGEMENT

Chemical Industry Urges White House and Congress to Prevent Crippling Rail Strike

American Chemistry Council | November 29, 2022

As a looming freight rail strike threatens to shut down the U.S. economy, the American Chemistry Council is calling on the White House and Congress to act quickly to keep vital chemical shipments moving. "Chemical manufacturers are one of the first industries that will be impacted as railroads start restricting service up to a week before a threatened strike. Freight rail transportation is vital for transporting chemicals critical to everyday life, including water treatment, energy production and food production. Shutting down chemical shipments by rail would quickly send shockwaves that would be felt through the entire economy and households across the country." Chris Jahn, ACC's president and CEO To prepare for a shutdown, railroads stop accepting "security sensitive shipments" – including certain chemicals - well in advance of a strike. Many chemical facilities would be forced to curtail production or shut down within the first week of a rail service embargo. Fueling Inflation & Recession No one would be immune if an actual strike and full shutdown of the rail network were to occur. ACC estimates a strike would put a chill on the entire economy and shove the country into a recession. According to an economic analysis conducted by ACC, the impact of a potential strike would be felt almost immediately in terms of business shutdowns, scarcity of materials and goods, and lost economic activity. According to the analysis, a strike lasting one month would likely put a major chill on several leading economic indicators through the first half of 2023: Economic Slowdown: The Gross Domestic Product would contract by one percentage point, which would pull almost $160 billion dollars out of the economy. To put this into perspective, during the financial meltdown in 2008, the economy lost $210 billion dollars through the first half of 2008. "A rail strike could shove the economy out of recovery mode and into a recession," said Martha Moore, ACC's chief economist. "A prolonged strike would have an exponential effect for each additional month and drag the country into a potential recession much faster." "This is a preventable crisis that should not fall on the shoulders of American consumers and manufacturers," said Jahn. "President Biden and Congress must act this week on a bipartisan solution based on the terms that labor leaders and railroads agreed to in September." American Chemistry Council The American Chemistry Council represents the leading companies engaged in the multibillion-dollar business of chemistry. ACC members apply the science of chemistry to make innovative products, technologies and services that make people's lives better, healthier and safer. ACC is committed to improved environmental, health, safety and security performance through Responsible Care®; common sense advocacy addressing major public policy issues; and health and environmental research and product testing. ACC members and chemistry companies are among the largest investors in research and development, and are advancing products, processes and technologies to address climate change, enhance air and water quality, and progress toward a more sustainable, circular economy.

Read More

PRODUCTS AND TECHNOLOGIES, MARKET OUTLOOK

Suspension of Technip Energies’ Liquidity Contract

Technip | November 28, 2022

Technip Energies N.V. announces that the liquidity agreement entered into with Kepler Cheuvreux dated July 9, 2021 has been suspended as of November 22, 2022, pending renewal of the resolution of the general meeting of shareholders authorizing share buybacks. The number of shares and amount allocated as of November 22, 2022, close of trading, to the Liquidity Contract was 8,900 shares and €9,780,454.34. As a reminder, the securities and amounts that were allocated to the Liquidity Agreement as of June 30, 2022, were 207,823 shares and €6,832,747.61. About Technip Energies Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in LNG, hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The Company benefits from its robust project delivery model supported by an extensive technology, products and services offering. Operating in 34 countries, our 15,000 people are fully committed to bringing our clients’ innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow. Technip Energies shares are listed on Euronext Paris. In addition, Technip Energies has a Level 1 sponsored American Depositary Receipts program, with its ADRs trading over-the-counter.

Read More

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