PODCAST: ICIS acquisition of CDI strengthens North America position – ICIS & CDI executives
Will Beacham
31-Jul-2020
BARCELONA (ICIS)–The acquisition of polymer data and analytics provider Chemical Data (CDI) by ICIS strengthens its position in North America while giving CDI a new global platform.
- Acquisition of CDI fits with “four C’s” rationale: country, content, customer and capability
- CDI strengthens ICIS in the North America market
- CDI gains access to ICIS global marketing and sales teams
- CDI can now accelerate its global growth, technology and sales plans
- CDI had been approached by more than a dozen companies before partnering with ICIS
- Record demand for polyethylene (PE) for packaging in North America
- PE product shortages caused by outages and project delays
- First wave of US polymer expansions did not hit margins as badly as anticipated
- Pandemic may cause companies to reconsider timing of further PE expansions
- PE exports now account for 40% of US production, and this may grow to 50%
- Polypropylene (PP) near-term outlook is more negative with large project due onstream and margins under pressure
- New capacities will keep margins and spreads ‘contained’
- But big wave of new US PP over next 12-24 months has been delayed
- US seeing V-shaped recovery in automotive
- Polyvinyl chloride (PVC) demand is improving with an outage contributing to very low inventories
- Crisis is driving change across the chemical industry
- Industry pivoted quickly to help solve challenges of pandemic
Listen to this podcast interview with Dean Curtis, president and CEO at ICIS; Jason Brown, president of CDI and Brian A Pruett, senior vice-president, PE & PP sales and business development at CDI.
Interview by Will Beacham
Global News + ICIS Chemical Business (ICB)
See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.
Contact us
Partnering with ICIS unlocks a vision of a future you can trust and achieve. We leverage our unrivalled network of industry experts to deliver a comprehensive market view based on independent and reliable data, insight and analytics.
Contact us to learn how we can support you as you transact today and plan for tomorrow.