H.B. Fuller Co - Company Profile
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Business Description
H.B. Fuller Co (H.B. Fuller) is a formulator, manufacturer, and marketer of adhesives, sealants, and other specialty chemical products. The company's products are utilized in the manufacturing of common consumer and industrial goods, serving industries such as food and beverage, medical, construction, automotive, electronics, and aerospace and defense.
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R&D Overview
H.B. Fuller invests in research and development (R&D) to create new and innovative adhesive technology platforms, enhance product performance, ensure a competitive cost structure, and leverage available raw materials. The company focuses on new product development to provide higher-value solutions to existing customers and meet new customers' needs. R&D projects are developed in local laboratories in each region, with platform developments coordinated globally. The company designs and develops new polymers and formulations, develops new applications for existing products and technologies, and improves manufacturing processes to enhance productivity and product quality. R&D efforts are closely aligned with customer needs, fostering open innovation and seeking supplier-driven new technology. The company also uses relationships with academic and other institutions to enhance capabilities, particularly in response to climate change and sustainability concerns. Significant investment in innovation, research, and expertise is crucial for extracting value from the business strategy and creating high-performance solutions that enable customers to improve their products and processes to achieve sustainability goals. The R&D units of H.B. Fuller include local laboratories in each region and a network of laboratories for global coordination. These units are responsible for understanding the customer base, developing projects, designing and developing new polymers and formulations, and coordinating platform developments globally. In FY2024, the company spent US$49.5 million on R&D, which as a percentage of revenue stood at 1.4% and grew 1.9% YoY.
Business Segments
Overview
Produces and distributes pressure-sensitive adhesives, tapes and sealants, grouts, mortars, sealers, levelers, duct sealants, weather barriers, and fungicidal coatings and block fillers. These products are used in tile setting; heating, ventilation, and air conditioning; and insulation applications. The segment also includes caulks and sealants for the consumer market and professional trade, and sells them through retailers in Australia. Operates major manufacturing facilities in Aurora, Illinois; Dalton, Georgia; Eagle Lake, Texas; La Mirada, California, and Fairless Hills, Pennsylvania.
Performance
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Overview
Produces and supplies high-performance industrial adhesives such as reactive, light-cure, silicone, film and fast cure products to the transportation, aerospace, defense, clean energy, appliance, electronics, medical, and heavy machinery markets. Major manufacturing facilities are in Beijing, Suzhou, and Yantai, Republic of China; and Wunstorf, Germany; and California, the US, among others.
Performance
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Overview
Manufactures and distributes specialty industrial adhesive products such as thermoplastic, thermoset, reactive, water-based and solvent-based products for application in markets such as assembly, packaging, converting, non-woven and hygiene, health and beauty, flexible packaging, graphic arts, and envelope markets. Operates major manufacturing facilities in Nienburg, Germany; Blois, France; Pune, India; Mindelo, Portugal; and Dukinfield, the UK, among others.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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