Yeah, the link to LBrands and Victoria's Secret is much more speculative. I only researched it because of the VS rumor that's been here for almost a year. I have evidence that both Inoac and Hwa Ching foam have supplied, or are supplying foam, to Regina Miracle (who makes VS's lingerie). However, who is the bigger supplier, or which they currently get it from today, is a little more difficult to discover.
Hwa Ching was listed at the same time as Industrial Finishes. So any connections to them have more potential strength at this time. I do believe this is the "major foam" manufacturer they describe in PR's.
In regards to Inoac, I recently found they moved their foam production to Sri Lanka in 2014: http://urethaneblog.typepad.com/my_weblog/2014/04/inoac-moves-foam-production-to-sri-lanka.html The article does mention VS. However, who's to say they didn't switch to solely Hwa Ching foam since then (especially after previous controversy with VS bra rashes, etc. Maybe they abandoned Inoac all together due to it).
My HCTI/LBrands DD was also done before I explored the PPG/PPG Paint/Glidden idea, which I now find more convincing. Not to say the LBrands possibility doesn't exist, but it's lower on my my potential list for the upcoming F500.
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