Huntsman Corporation has acquired Italian company Tecnoelastomeri (Modena), a manufacturer of methylene diphenyl diisocyanate (MDI) based hot-cast elastomer systems and processing machines. 2014 sales revenue for Tecnoelastomeri was approximately $12 million. The purchase price was not disclosed.
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.
Tecnoelastomeri markets its product line globally under the Tecnoelastomeri engineering urethane elastomers, Tecnothane polyurethane systems, Rithane specialty polyurethane systems, Castech polyurethane machines and Linthane specialty thermoplastic urethanes (TPUs), among others.