DETROIT—Chem-Trend L.P. has set the foundation for growth with a number of expansions recently coming online.
The firm has added production in Brazil and India to go along with a new research and development center in China, projects initially announced in 2014 that are now operational. President and CEO Devanir Moraes said this, along with the firm's solid financial performance, contributed to a strong 2015.
“It was a good year overall for Chem-Trend, both in terms of growth performance and overall profitability, which aligned with previous years,” Moraes said. “It was an especially important year because we concluded some major investments for the business. Long ago we identified China, India and Brazil as three major markets where we wanted to have major brick-and-mortar type of investment.”
Chem-Trend is a member of the Freudenberg Group, producing release agents for seven core industry segments—polyurethane, die-casting, rubber (non-tire), tire, composites, thermoplastics and wood composites. Most of the firm's business consists of rubber-related products. The company has sales offices in 17 countries with manufacturing in Sao Palo; Munich and Hamburg, Germany; Qingpu, China; Hongseong, South Korea; Mysore, India; and Howell, Mich., its global headquarters.
“We have equipped ourselves manufacturing and R&D wise pretty much evenly across the seven core industry segments,” Moraes said. “The focus of these facilities cuts across pretty much all industry segments.”