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Plastics Machining & Fabricating:
Industry News

Shell Still Excited About PTT
N.C. State, UNC-CH Receive Gift of Patents from Eastman

Dow Contract Manufacturing Services Offers To Build and Operate Services at Ten North American and European Sites
Clariant Wins Industrial Film "Oscar" - Image Film Takes the New York Festival By Storm
apps4biz.com Partners With getPlastic to Offer Integrated Business Applications, Online Procurement Marketplace to Plastics Firms

NOVA Chemicals establishes new European offices in Switzerland and U.K

Eastman/China Joint Venture Begins Production of Eastotac Resins
DOW Polypropylene Production Begins at Freeport Site
Moldflow To Acquire Branden Technologies
Klockner Agrees To WCM Purchase Offer
Eastman and Henderson China Holdings Limited launch Asia BizNet Company Ltd.
Dow Acquires Controlling Interest in Korea's Pacific Epoxy Co., Ltd.
U.S. Plastic Container Demand to Reach Nearly 13 Billion Pounds by 2004

Industry Leader Honored at Midwest Extravaganza
Marshall and Williams Opens New Pilot Lab Facility
New TPV Bonds to ABS, Polycarbonate & Polystyrene
World Adhesive Demand to Reach 16.6 MMT by 2004
Presidents Appointed in Two Milacron Divisions
NOVA Opens New European Styrenics Tech Center
Carter Products Breaks Ground on New Facility


  Shell Still Excited About PTT

HOUSTON, Jan. 30 /PRNewswire/ -- An industry publication recently ran a story saying that Shell Chemical Company* was not proceeding with a polytrimethylene terephthalate (PTT) project planned for Altamira, Mexico. This is not accurate.

The company is currently looking at various sites, including Altamira to build a plant that would demonstrate Shell and Zimmer AG's all-melt, continuous PTT process.  Shell's PTT business development and investment in a new PTT plant remain an integral part of our strategy to grow the 1,3-Propanediol (PDO) business.

"We are excited about the long-term prospects for the PTT business and our PTT proprietary continuous process technology.  We see positive signs in the industry that PTT is on its way to becoming a viable product in the marketplace as new textile and carpet products, made from our CORTERRA** Polymers, continue to be launched," said Stan Park, Vice President- PDO/CORTERRA Polymers.

Shell is actively discussing various project options with others interested in PTT.

 


N.C. State, UNC-CH Receive Gift of Patents from Eastman

Kingsport, Tenn., Jan. 18, 2001: The patents for a process that could be used to extract vitamins from plants, vegetable oil from soybeans or caffeine from coffee have been donated by Eastman Chemical Company (NYSE:EMN) to the University of North Carolina at Chapel Hill and North Carolina State University in Raleigh. The two universities collaborate in the National Science Foundation Science and Technology Center for Environmentally Responsible Solvents and Processes, which seeks to understand the fundamentals of using carbon dioxide (CO2) as a clean, safe solvent.

The Eastman patents cover an extraction process using CO2 as a solvent at high temperatures and pressures in what is known as an enhanced solubility region. Eastman first developed the process to extract beta-carotene from algae found in the Great Salt Lake but decided not to take the technology further. The process could potentially be used to extract a wide range of substances ñ broadly referred to as nutraceuticals ñ from plants, including saw palmetto extract and lycopene from tomato skins.

Eastman recognized that this discovery would have many high-value applications in a broad range of specialty markets in which it did not participate and that additional research and custom market development was needed for the technology to reach its full potential in value creation.

Eastman, with 1999 sales of $4.6 billion, is the world's largest supplier of polyester plastics for packaging and is a leading supplier of coatings raw materials, specialty chemicals and plastics.

"Once we determined this CO2 technology was not strategic to Eastman's long-term business plans, we wanted to make it available for further research and eventual commercialization," said Roger Mowen, vice president and chief information officer.

"N.C. State and Carolina have outstanding track records for receiving technology, providing further research and development, and then looking for ways to bring the technology to the marketplace. And they're world-renowned in CO2 research," Mowen said. "This is good for society and good for the universities."

"The Eastman gift is a great fit with our ongoing research program in CO2 processes," said Dr. Joseph M. DeSimone, William R. Kenan Jr. distinguished professor of chemistry and chemical engineering at UNC-CH and N.C. State. "We thank the company for giving us the opportunity to further develop this extraction technology.î

N.C. State and UNC-CH actively search the literature for carbon dioxide-related patents and ask companies to consider donating them. The two universities fund the CO2 Patent Assessment, Acquisitions and Transfer Initiative; PAATI employs law students, business students, and graduate students in chemistry and chemical engineering at both schools to identify promising patents and suggest possible commercial uses in the event companies are willing to donate the patents. In many cases, the donated technology will need the expertise of faculty of both schools to develop its commercial or licensing opportunities.

"This is a win-win situation for the companies and the universities," DeSimone said. "Our campuses may benefit more if we go looking for patents, instead of waiting for companies to come to us."

DeSimone directs the National Science Foundation Science and Technology Center for Environmentally Responsible Solvents and Processes and co-directs the Kenan Center for the Utilization of Carbon Dioxide in Manufacturing, a university-based research center sponsored by 16 corporations worldwide that joins the work of UNC-CH and N.C. State. N.C. State's Dr. Ruben Carbonell directs the Kenan Center and is co-director of the NSF Science and Technology Center, which also involves scientists in Texas and at North Carolina A & T State University in Greensboro.

Technology transfer offices at both N.C. State and UNC-CH will search for parties interested in licensing the technology. Both offices are experienced in licensing university-owned intellectual property to generate revenues.

"Gifts of intellectual property from corporations to universities are a relatively new form of corporate philanthropy to higher education," said Mark Crowell, associate vice chancellor and director of UNC-CH's office of technology development.

"The intellectual property gift can represent an opportunity to enhance ongoing research programs, to incorporate cutting-edge technology into the educational experience and to license the donated intellectual property to a commercial entity in return for a significant royalty stream and equity position," Crowell said.\

Dr. David Winwood, assistant vice chancellor and director of N.C. State's office of technology transfer, said, "The work under way in the Kenan Center for the Utilization of Carbon Dioxide in Manufacturing and the NSF Science and Technology Center has the potential to change many industrial processes for the better. Donations of intellectual property will provide opportunities for university researchers to significantly leverage the research dollars directed to this effort."


Dow Contract Manufacturing Services Offers To 'Build and Operate' Services at Ten North American and European Sites

Midland, MI - January 22, 2001 — Dow's Contract Manufacturing Services (Dow CMS) business has announced a new initiative for customers who may benefit from contracting with the company to design, build, and operate dedicated customer manufacturing facilities within or near existing Dow manufacturing sites. Initially, Dow CMS will offer this service from ten North American and European sites. North American sites include Michigan, Texas and Louisiana in the United States, and Alberta, Canada. European sites include Spain, The Netherlands, United Kingdom, and three sites in Germany. Unique opportunities may also exist at one of Dowís other 132 manufacturing sites in 32 countries.

"The 'build and operate' concept grew out of our experiences with Chevron Phillips Chemical Company (MSC/MSA plant, a chlorination process) and Geltex Pharmaceuticals, Inc. (pharma polymer facility) and increasing interest from other companies," stated Margaret Walker, business director for Dow Contract Manufacturing Services. "It's a service offering that makes perfect sense for any company looking to change their sourcing strategy, start up a new business, a new product, or enter a new geographic market with greater speed and lower cost. These companies can rely on Dowís core strengths in process design and engineering and raw materials, and take advantage of our extensive investment in infrastructure. They can also leverage our integrated supply chain and global purchasing network to reduce costs in raw materials, packaging, and distribution services. Dow is also set up to handle unwanted intermediates or side products, as well as waste streams generated by the customerís process. The result can be much lower capital investment, lower operating costs, and far quicker market entry, as was the case with Chevron Phillips and Geltex Pharmaceuticals."

When designing, building or operating manufacturing facilities for customers, the Dow CMS business acts as the contact with customers and coordinates with Dow site managers to implement build and operate plants.

According to Ms. Walker, this ìbuild and operateî offering is a natural extension of the original Dow CMS business model and is being driven by the overall trend in the chemical and pharmaceutical industries to outsource non-core capabilities as customers seek to minimize risk and cycle times related to capital projects.


Clariant Wins Industrial Film "Oscar" - Image Film Takes the New York Festival By Storm

The fact that experts in the communication sector annually flock to New York, the Mecca for international business films, was enough of an incentive to motivate Clariant to enter its award-winning promotional film "All around you" for this festival of festivals. The Clariant film was entered in four categories and received nominations in the corporate image, best director and best camera categories. This achievement alone could be compared with receiving an Oscar nomination, however it didn't stop there: "All around you" won gold in the category industrial fim for best camera and bronze for best director.

The film was directed by Boris Penth, internationally renowned director and author. He also wrote the script, assisted by Nikolaus von Wolff. The man behind the camera was Holger Fink, an experienced cameraman who studied filming at the American Film Institute in Los Angeles and has also filmed numerous plays for German TV stations. Speaking at the awards ceremony from the legendary Broadway in the heart of Manhattan, Fink commented, "After working on so many feature films it was a great challenge for me to portray the philosophy of such a complex company using highly aesthetic images."

As well as being successful on a visual level, the film's soundtrack, composed by Jens Fischer, a musician from Hamburg, featuring the title track "All around you" was also particularly impressive. The film was produced by Tempomedia Filmproduktion, a Frankfurt-based company.

Since 1957 "The New York Festivals" have been awarding prizes for excellent communication. This year 1,200 entries from a total of 43 countries competed to find favor with the jury, made up of PR experts, scientists and film makers from the US, Europe and South America. The jury initially nominated a small number of potential prize winners for each individual category, then held a second round to decide who would win gold, silver and bronze.

Even before its success in New York, "All around you" had already won a number of prestigious awards at national and international business film festivals.

The "worldmediafestival" in Hamburg presented the film with not one but two awards: firstly, the "silver globe" award in the public relations/image category and secondly, the "Inforfilm International Special Award". According to the jury, the film was the one most suited to inform, inspire and motivate an international audience. The Clariant film won the "silver dolphin" award at "Festival Comunica 2000" in Deauville, France, as well as winning silver in the corporate image category at the "ITVA-Festival 2000" in Cologne. At the Munich corporate media competition for German-language media, the Clariant film was awarded the "Master of Excellence" prize, as well as the special prize for the best DVD, the "Award of Masters".

"All around you" was filmed in Korea, Mexico, the US, Morocco, Germany and Switzerland. The ten-minute film uses impressive imagery to show the wide range of everyday consumer goods that contain specialty chemicals produced by Clariant. Chemistry plays an important role in so many products, even if you can't always see it, from clothing, personal hygiene products and cars to aircraft deicers, ice cream and microchips. Besides illustrating application examples, the film emphasizes the international nature of the company and its global responsibility.

Clariant is a leading global fine and specialty chemicals company with about 32,000 employees and annual sales of more than 10 billion Swiss francs. The Clariant Group operates worldwide with more than 100 companies in five continents. The Company's headquarters and Corporate Center are located in Muttenz near Basel/Switzerland.  


apps4biz.com Partners With getPlastic to Offer Integrated Business Applications, Online Procurement Marketplace to Plastics Firms

Combination Offers Small Plastics Manufacturers Total Business Resources
From One Single Site

ANDOVER, MA and BURLINGTON, MA - Jan. 16, 2001 - apps4biz.comÆ, a global provider of Internet-centric business applications to small manufacturing and service organizations, and getPlastic, a leading provider of e-marketplace solutions for the plastics processing industry, today announced a development and marketing agreement whereby the two companies will integrate and jointly market their respective offerings in the US and Europe.

As a result of this partnership, plastics processors using apps4biz.com's hosted software solutions will be able access RESINATE ‘, getPlastic's unique, proprietary business process efficiency platform to seamlessly purchase plastic resin, develop custom compounds, and solve design and processing problems. In turn, getPlastic site members will be able to "rent" app4biz.com's product offerings directly from the site. As a result, plastics manufacturers will gain an integrated end-to-end e-commerce solution.

"The plastics industry needs to integrate e-business functions such as procurement with back-end business systems to compete effectively in today's Internet economy," said Peter Lopes, vice president of marketing for apps4biz.com. "The combination of the getPlastic eCommerce solution and the apps4biz business applications ensures that plastics processors can, for the very first time, seamlessly exploit the power of the Internet to manage all their business needs - and from one single integrated point of contact."

"We have been searching for a faster, more cost-effective way to locate and purchase plastic resins from leading manufacturers and suppliers in the New England area," said Joan Holmes, chief financial officer and part owner of New England Molders, Inc.  "Now, with the announcement to combine apps4biz.com's upcoming ASP-based business software solutions with the getPlastic marketplace for online plastics procurement, we will be able to perform 'one-click purchasing' over the Internet."

Market research indicates that the majority of plastic processors are under-automated and are prime candidates for e-business solutions. apps4biz.com's offerings deliver this functionality. The company will soon release hosted manufacturing, order processing, inventory management, supply-chain management and e-commerce software to specific industries, such as plastics processors. The company is targeting the plastics industry because there are some 24,000 of these organizations in the US alone, with an average size of $15 million in yearly revenue.

"Traditionally, smaller businesses have been slower than large businesses in adopting new technologies and utilizing the power of the Internet," said Amy Levy, industry analyst, Summit Strategies, Inc. "The advent of ASP-based offerings like apps4biz.com, in combination with vertically-focused e-marketplaces like getPlastic, have created an easy way for small businesses to integrate back-end systems with online marketplaces. As such, smaller companies can now acquire some of the same e-commerce capabilities as larger businesses and compete more effectively in a global economy."

getPlastic is the market leader in delivering full service eCommerce solutions and engineering-centric decision support tools to the global plastics industry. Focused on the high-end, high-margin engineering resins business, getPlastic has developed a proprietary business process efficiency platform aptly named RESINATE ‘ that enables getPlastic's customers to reduce raw material costs and improve the engineering quality of end products.

"Our combined goal is to provide the industry's first and most comprehensive eCommerce solutions Web site for the thousands of plastic processors that make up this industry," said Paul Durand, vice president of Sales and Marketing. "The integration of apps4biz.com's applications with getPlastic's RESINATE ‘ proprietary business process efficiency platform provides our customers with a one-stop solution that not only fulfills their e-commerce solution needs, but also streamlines online procurement."  

About getPlastic

getPlastic is the market leader in delivering full service eCommerce solutions
and engineering-centric decision support tools to the global plastics industry.  Focused on the high-end, high-margin engineering resins business, getPlastic has developed and markets a unique, proprietary business process efficiency platform aptly named RESINATE ‘. getPlastic distributes RESINATE‘ to two distinct, yet complementary customer segments, each with its own unique set of application needs and market focus.

getPlastic customizes RESINATE‘ for major original equipment manufacturers (OEMs).  This enables the OEM customer to reduce raw material costs and improve the engineering quality of end products, both benefits are significant and otherwise unattainable without the RESINATE‘ platform.  Second, RESINATE‘ is marketed to small and medium sized plastics processors by packaging the platform within a full service, web-based eCommerce solution. This solution includes (1) access to high-end engineering materials and custom products, (2) transaction support, (3) fulfillment and (4) availability through a virtual distribution platform.

The company is located at One New England Executive Park, Burlington, MA 01803 and can be reached at 781/270-1100 or on the Web at www.getplastic.com.

About apps4biz.com (www.apps4biz.com)

Founded in 1999, apps4biz.com delivers Internet-based industry-specific business applications to smaller companies (less than $50M in revenue). Its tailorable, application subscription approach enables manufacturing and service organizations to advance their established business-to-business processes profitably, without the risks, up-front capital, and information technology infrastructure long associated with pre-Internet designed software.

Based in Andover, Mass., apps4biz.com offers hosted manufacturing, order processing, inventory management, supply chain management, and e-commerce solutions. apps4biz's innovative user-interface and patent-pending workflow technology deliver leapfrog improvements in ease of use and speed of deployment. In addition to its US operations, the company has R&D facilities in Switzerland and offices throughout Europe.


NOVA Chemicals establishes new European offices in Switzerland and U.K

Fribourg, Switzerland- (January 11, 2001): NOVA Chemicals announced today that they have established new and expanded European offices in Manchester, U.K. and Fribourg, Switzerland to meet the needs of their growing global polymers business. The Operating Centre for the company's European Styrenics business will be located in Manchester; Fribourg will be the commercial headquarters for the European Styrenics business, International Polyethylene sales and Technology Licensing. The existing Swiss Polyethylene and Licensing office has been combined with the new Styrenics team in a single Fribourg location that will house approximately 45 employees. Both locations are now operational.

Michael Schwartz, NOVA Chemicals Vice-President, International PE Sales said that the centres are part of a customer focussed operating structure for NOVA Chemicals. "Consolidating the headquarters for all of our commercial activities outside North America in a single location makes it easier for our customers to work with us." NOVA Chemicals continues to operate sales offices in a number of strategic locations in Europe as well as Asian offices in Tokyo, Singapore and Beijing.

Colin Jones, NOVA Chemicals Vice-President, Managing Director ñ Europe said, ìBy centralising our commercial activities in Switzerland and establishing our Styrenics Operating Centre in Manchester we will significantly improve the efficiency of our operations." The Operating Centre is located close to the Manchester International Airport and will be staffed by approximately 50 employees from support functions such as Finance, IT, Logistics, Purchasing, Responsible CareÆ and Human Resources. The Manchester based staff will deliver services to all of NOVA Chemicals' activities outside North America.

NOVA Chemicals is a focused commodity chemical company, producing olefins/polyolefins and styrenics at 18 locations in Canada, the United States, France, the Netherlands and the United Kingdom. NOVA Chemicalsí shares trade on the Toronto and New York exchanges under the trading symbol ìNCXî. Visit us on the web at www.novachem.com.


Eastman/China Joint Venture Begins Production of Eastotac Resins

KINGSPORT, Tenn (Jan 11, 2001)-Nanjing Yangzi Eastman Chemical Ltd.(NYEC), a joint venture between Eastman Chemical Ltd. and Yangzi Petrochemical Industrial Corporation(YPIC), has begun production of Eastotac hydrocarbon tackifying resins for the adhesives market. Eastman Chemical Ltd. is a subsidiary of United States-based Eastman Chemical Company, and YPIC is an affiliate of Yangzi Petrochemical Corporation(YPC).

"The new plant is strategically located in the Dachang district of Nanjing, Jiangsu province to supply both the growing Chinese economy and the global marketplace," said Damon Warmack, general manager, Nanjing Yangzi Eastman. "We expect to export product to Asia Pacific, Europe, and the Middle East."

Commercial production of Eastotac hydrocarbon resins at the new facility began on Dec. 20, and the product met all quality and production rate expectations.

"The mutual vision of the parties is for NYEC to be a world class, international business in terms of product quality, customer satisfaction, plant operations, and health, safety and environment," according to Ji Wei Qing, deputy general manager, Nanjing Yangzi Eastman. "We share a common commitment to that objective."

The Nanjing plant, with a capacity of 40 million pounds, will produce six formulations of hydrogenated Eastotac resins. The hydrogenation process results in a water-white product that is particularly valued in nonwovens applications.

In addition to its marketing expertise, Eastman contributed proprietary technology and years of experience in producing Eastotac resins to the joint venture. YPIC is providing the land for the plant site as well as the C5 distillate feedstock, a byproduct from the manufacture of ethylene.

The Nanjing plant is positioned to grow as the Asian economy grows and matures, creating a demand for additional high-quality hydrocarbon tackifying resins,î said Bruce Moore, vice president and general manager of Eastmanís coatings, adhesives and specialty polymers business.

The Nanjing plant is the first joint venture in China as well as the first plant outside the United States to produce Eastotac resin. Previously, all Eastotac resin was produced at Eastmanís manufacturing site in Longview, Texas.

YPIC is an affiliate of Yangzi Petrochemical Corporation (YPC), one of the largest petrochemical companies in China. YPC produces chemical and fibre intermediates and plastic based on an ethylene manufacturing plant with an annual capacity of 400,000 tonnes. YPC also has an aromatic hydrocarbon manufacturing facility with a capacity of 850,000 tonnes per year.

End-uses for Eastotac resins are tackifying resins for pressure-sensitive adhesives, hot-melt adhesives, caulks, and sealants. Manufacturers use Eastotac hydrocarbon resins to produce hot melt adhesives for packaging applications in addition to glue sticks, tapes, labels and other adhesive applications.

Headquartered in Kingsport, Eastman manufactures and markets plastics, chemicals and fibers. The company has approximately 15,000 employees in 30 countries and had 1999 sales of $4.59 billion.


DOW Polypropylene Production Begins at Freeport Site

Houston, TX – January 10, 2001 — Dow Plastics† today announced the successful start-up of its production plant for DOW PolyPropylene RESiNS and INSPiRE* Performance Polymers at the Freeport, Texas, site of The Dow Chemical Company.

"We are very pleased with the successful start-up of our Freeport plant," reports Bill Zarkalis, North American senior value center manager for polypropylene at Dow. "We were able to ramp up production quickly, economically and safely; an accomplishment of our exceptional start-up team."

Dow has sent its first shipments of DOW PolyPropylene RESiNS to customers in North America, and continues to qualify additional grades as they are produced. "We have taken all of the necessary steps to ensure that our customers receive the high quality and consistent resins that they have come to expect from Dow Plastics," explains Zarkalis.

A key component of Dow's polypropylene assets, the state-of-the-art plant is capable of producing in excess of 550 million lbs. (250,000 MT) annually. "Our investment at Freeport clearly demonstrates our commitment to serve our North American customers and to strengthen our global polypropylene capabilities," Zarkalis says.

"Additionally, we continue to spearhead efforts at our Freeport pilot and mini-pilot plants to expand our offering of INSPiRE Performance Polymers," notes Zarkalis. All of Dow's polypropylene plants, including the Freeport unit, are capable of producing these differentiated products. Utilizing proprietary Dow material science and polymerization expertise, INSPiRE Performance Polymers provide new levels of performance and value for Dow customers, allowing them to compete in new markets.

Dow is a leading science and technology company that provides innovative chemical, plastic and agricultural products and services to many essential consumer markets. With annual sales of $19 billion, Dow serves customers in 162 countries and a wide range of markets that are vital to human progress, including food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of sustainable development, Dow and its 41,000 employees seek to balance economic, environmental and social responsibilities.

For further information about DOW PolyPropylene RESiNS or INSPiRE performance polymers, in North America contact the Dow Customer Information group at 1.800.441.4369. In Europe, contact the Customer Information Centre at +31.2069.16268 (The Netherlands). Or, visit our Web site at www.dowpolypropylene.com.


Moldflow Acquiring Branden Technologies

WAYLAND, MA (1/10/2001). Moldflow Corp. a provider of process solutions for optimizing the design and manufacture of plastic products, says it has signed a letter of intent to acquire Branden Technologies Inc. for $3.5 million. Branden, headquartered in Wilsonville, OR, is a developer of software and hardware systems for real-time process and production monitoring in the plastics and die-casting industries.

"Branden offers a wide range of products for the plastics and die cast markets, and combined with Moldflow's existing offerings will allow us to provide these industries with a comprehensive set of process- and production-monitoring solutions for the shop floor," says Marc Dulude, CEO of Moldflow.

Moldflow's plastic-simulation software is used by designers and manufacturers to produce optimal plastic parts. The automotive, aerospace, computer, consumer goods, and medical industries use Moldflow predictive applications throughout all phases of the injection-molded plastic-part design to manufacture processes to reduce product costs, accelerate time-to-market, and optimize plastic-part production. Headquartered in Wayland, MA, the company also has R&D facilities in Australia, Europe, and Ithaca, NY. For more information about Moldflow visit www.moldflow.com or www.plasticszone.com


Klockner Agrees To WCM Purchase Offer

Gordonsville, Virginia (January 9, 2001): The management board of Klockner-Werke AG (Duisburg, Germany), parent company of Klockner Pentaplast of America, Inc., and Klockner Pentaplast GmbH, has announced that it has agreed to recommend to its shareholders that they accept the improved stock purchase offer submitted by the management board of WCM-Beteiligungs und Grundbesitz AG (Frankfurt, Germany).

The management board of WCM announced its full support of KWís strategy to further concentrate its emphasis on the companyís global film business, as described in the KW announcement dated November 14, 2000. According to Tom Goeke, president of Kl&Mac246;ckner Pentaplast of America, Inc., ìKl&Mac246;ckner Pentaplast continues to operate according to its current business plan which includes the aggressive global growth strategy of internal expansions, new products, and select acquisitions. We are pleased that the WCM board recognizes the strength and value that Kl&Mac246;ckner Pentaplast brings to the marketplace.î

In November 2000, the WCM board announced that it had acquired 40% of the outstanding shares of KW and its plans to acquire the company via a public offering to all KW stockholders in December. In December, WCM published its offer and held subsequent discussions with the KW board. These talks led to an improved offer.

Founded in the U.S. in 1977, Kl&Mac246;ckner Pentaplast of America, Inc., is the largest producer of high-quality rigid films in the Americas. The company's product line includes film applications for pharmaceutical, medical device, food, and general-purpose thermoform packaging, as well as printing and specialty applications.


Eastman and Henderson China Holdings Limited launch Asia BizNet Company Ltd.

HONG KONG (Jan. 8, 2001): U.S.-based Eastman Chemical Company (NYSE:EMN) and Henderson China Holdings Limited (SEHK:0246) today announced that they have formed a 50:50 joint venture aiming to drive the growth of e-business in chemical and chemical-related industries in the Greater China region.

Known as Asia BizNet Company Ltd., the joint venture will engage and invest in online business-to-business ventures by leveraging on the areas of expertise of its founding partners.

Mr. Norman Wong, Managing Director of Eastman Chemical Ltd. and acting CEO of Asia BizNet, said the joint venture is founded to assist institutions and companies in the chemical and chemical-related industries to manage their procurement process online and to help these firms to nurture their customer relationships. ìA network of investments will be made by AsiaBizNet to provide web-based, neutral e-business solutions to chemical and chemical-related industries, help customers grow their businesses through web-based channels, and substantially reduce their transaction and production costs,î he said.

Ms. Clara Loh, Chief Operating Officer of Henderson China Holdings Limited, said she expects that Asia BizNet will contribute to the growth of chemical and chemical-related e-business in the region through its investment in industry-specific business-to-business transaction exchanges and horizontal services partnerships and/or alliances to be formed for the provision of services and solutions in the areas of logistics, credit, quality control and technology for target customers. ìThese web-based services,î Ms. Loh said, ìwill be particularly targeted at the international trade market to facilitate online transactions between Asian and western companies.î She said the combination of Eastmanís strong market position in the relevant industries as well as its expertise in e-business and Hendersonís extensive knowledge and experience in doing business in China is a winning combination. ìWe have an excellent partner in this joint venture,î Ms. Loh noted.

Mr. Al Voskian, president of Eastmanís Asia-Pacific region, echoed Ms. Lohís comments about the combination of Eastman and Henderson. "We regard Henderson as an ideal partner for this joint venture,î Mr. Voskian said. He said Henderson brings a strong brand, significant experience and contacts from both online and traditional ventures in the region. ìAsia BizNet brings together two companies with the understanding and experience to capitalize on this market opportunity," Mr. Voskian stated.


Dow Acquires Controlling Interest in Korea's Pacific Epoxy Co., Ltd.

SEOUL, Republic of Korea – January 8, 2001 – The Dow Chemical Company announced today that it has acquired 80 percent of Pacific Epoxy Co., Ltd., a manufacturer of converted epoxy resins in the Republic of Korea, from Saehan Industries Inc. In this joint venture, Saehan Industries retains 20 percent of the company. The transaction has received a positive response from the Korean Fair Trade Commission. Terms of the agreement were not disclosed.

Pacific Epoxy Co., Ltd. currently produces approximately 12,000 MT (26 MM lbs.) of converted epoxy resins (CER) per year at its existing epoxy resin production facility in Kumi, South Korea. "This investment demonstrates Dow's commitment to the epoxy industry in this region and throughout the world," says Phil Cook, business vice president, Dow Epoxy Products and Intermediates. "Pacific Epoxy has substantial experience and success working with local customers of epoxy resins. Through this acquisition, Dow is establishing a strategic position in a strong and fast-growing industry."

Pacific Epoxy Co., Ltd. manufactures and supplies several categories of converted epoxy resins including brominated, solid, and solid-solution epoxy resins sold into a variety of applications such as protective coatings, electronics and specialties.

The Republic of Korea has one of the largest consumption rates for epoxy resins in the world, with more than 60,000 MT (130 MM lbs.) sold in 2000. Cook anticipates in-country demand for these products will grow to more than 100,000 MT (220 MM lbs.) by 2010. The majority of the epoxy resins manufactured at the Kumi facility are used to supply customers in the Republic of Korea. A smaller percentage of the facility's production is used to supply customers in neighboring Asia Pacific countries.

For more than 40 years, Dow's Epoxy Products and Intermediates business has been a leading global supplier of epoxy resins worldwide. For more information about epoxy products from Dow, please visit www.dowepoxy.com.

Dow is a leading science and technology company that provides innovative chemical, plastic and agricultural products and services to many essential consumer markets. With annual sales of $19 billion, Dow serves customers in 162 countries and a wide range of markets that are vital to human progress, including food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of sustainable development, Dow and its 41,000 employees seek to balance economic, environmental and social responsibilities. For further information about Dow, visit www.dow.com.


U.S. Plastic Container Demand to Reach Nearly13 Billion Pounds by 2004

Plastic container demand in the United States is projected to increase more than 4 percent yearly to nearly 13 billion pounds in 2004, a total of 130 billion units. According to a recent study by The Freedonia Group, container value will grow more than 5 percent annually to $13 billion.

Plastic’s penetration of traditional glass, paperboard and metal packaging applications will be due to its clarity, light weight, strength, shatter-resistance, good barrier properties and ease of opening and dispensing. The popularity of smaller-sized bottles soft drinks, cosmetics, etc., will also fuel unit gains.

The largest area of growth will be in bottles, which currently account for 75 percent of all plastic containers by weight. This is due to plastics’ strength in the traditional markets, such as pharmaceuticals and soft drinks, as well as its growth into non-traditional markets such as beer bottles. Plastic pails and food containers will also see modest growth in the next few years.

According to the Plastic Containers study, PET will exhibit the fastest growth, although HDPE will remain the most widely used plastic container resin. With its clarity and barrier properties, PET bottles will continue to supplant aluminum cans in the soft drink market. Other important container resins include polystyrene, PVC, polypropylene and LDPE.

For more information about the Plastic Containers study, contact Corrine Gangloff at The Freedonia Group, (440) 684-9600, Fax (440) 646-0484, or E-mail pr@freedoniagroup.com. Text of the study is also available online at www.freedoniagroup.com.


Industry Leader Honored at Midwest Extravaganza

Outwater Plastics founder Moe Kessler was recently honored as the first API (Awarding Plastics Innovation) award winner. The award was developed by Trade Shows Inc. to honor innovations in the plastics industry.

The a
ward was presented to Vicki Brown of Outwater Plastics, on behalf of Kessler. The presentation took place Nov. 10 during the PlastFab industrial event in Grand Rapids, MI.

According to a statement by TSI, “from its inception as a manufacturer of the plastic sliding glass door track, Outwater Plastics has provided manufacturers of all sizes with high-quality extruded plastic mouldings. Its innovative strategy—which combined top-rate quality and technological resourcefulness with realistic minimum orders — eventually positioned Outwater Plastics and its corporate affiliate, Architectural Products by Outwater, as one of the world’s major stocking suppliers of component products.”

Kessler said he attributes Outwater Plastics’ success to his family and employees. He requested that his $1,000 award be given on behalf of his late wife, Sylvia Kessler, to the Manhattan Chapter of The Association for the Help of Retarded Children (AHRC).

For further information about this award and other trade show events, contact TSI at (828) 459-9894, e-mail tsi@tsishows.com or visit www.tsishows.com.


Marshall and Williams Opens New Pilot Lab Facility

Marshall and Williams Plastics, a division of Parkinson Technologies, began operations in January at its new 15,000-square-foot dedicated Pilot Lab Orientation Facility in Providence, RI.

The facility includes inline extrusion/co-extrusion, film and sheet casting, machine direction orientation (MDO), transverse direction orientation (TDO), corona treating, and winding. According to the company, this testing will allow customers to predetermine the materials and process conditions best suited for their application. The lab will also serve to develop samples that could be utilized for pre-marketing or testing for an application.

Robert Simmons, Process Development manager, said, "The pilot laboratory, which is unique in this industry, gives Marshall and Williams Plastics the opportunity not only to work with customers on all types of orientation projects, but also allows us to conduct evaluations that will allow development and improvements of equipment."

Marshall and Williams Plastics recently moved its sales, engineering, production, and administrative offices to Parkinson Technologies’ facility in Woonsocket, RI, a short distance from the lab in Providence.

For information call Simmons at (401) 461-4350.


New TPV Bonds to ABS, Polycarbonate & Polystyrene

Advanced Elastomer Systems has introduced the first thermoplastic vulcanizates (TPVs) that will bond to ABS copolymer, polycarbonate, ABS/PC blends, polystyrene, acrylic, ASA and PET.

The initial development grade, Santoprene TPE X8211-55B100, enables designers, molders and OEMs to injection mold or extrude a soft TPV onto a variety of rigid substrates to produce a durable bond without adhesives.

According to AES, the new thermoplastic elastomer has applications in the consumer grips market, where a soft-touch grip can help enhance user/product interaction. The first commercial application for the material is a handle grip on Oreck’s new Dual Stack upright commercial vacuum, which was insert-molded for Oreck by Triangle Rubber. Other applications include grips for power tools, lawn equipment, household appliances and hand-held electronic devices such as cellular phones. Medical device grips and irrigation seals are additional markets for the product, AES said.


World Adhesive Demand to Reach 16.6 MMT by 2004

According to a recent study by The Freedonia Group, world demand for adhesives is forecast to rise more than 4 percent per year, to 16.6 million metric tons in 2004. Market value will increase 5.7 percent per year to $24.6 billion, based on average price increases of 1.6 percent per year.

The price increases reflect in part higher prices for key petroleum-derived raw materials. In addition to price increases among individual adhesives, total market value will continue to benefit from long-term shifts in overall product mix, which is gradually but steadily moving toward more environmentally-friendly formulations such as hot melts and emulsion polymers.

According to World Adhesives, North America and Western Europe accounted for two-thirds of global adhesives demand in 1999. However, annual gains in both of these mature markets will fall behind the global average. According to Freedonia, the market’s strongest annual gains will be in Asia, specifically China. Freedonia adds that the turnaround projected for other regions is attributable to a modest recovery in Eastern Europe, which supports small, but expanding adhesives markets in the Czech Republic, Hungary and Poland.

For more information about the World Adhesives study, contact Corrine Gangloff at The Freedonia Group, (440) 684-9600, Fax (440) 646-0484, or E-mail pr@freedoniagroup.com. Text of the study is also available online at www.freedoniagroup.com.


Presidents Appointed in Two Milacron Divisions

Milacron Inc., Plastics Technologies, announces the appointments of William Gruber to president of Ferromatik Milacron North America, and Jim Abbiati to president of Extrusion Tek-Milacron.

Gruber began as general manager of the injection molding business in 1995 and most recently served as its vice president. Under his direction, the division introduced new technologies for PET preform molding, thermosets, liquid silicone rubber and material-saving foamed parts.

Abbiati had been vice president of Extrusion Tek-Milacron since joining Milacron in 1994. Under his leadership, the division experienced sustained double-digit growth, among other things attaining a number one position in the woodflour composites segment.

Both Gruber and Abbiati will continue report to Harold Faig, group vice president, plastic technologies.


NOVA Opens New European Styrenics Tech Center

NOVA Chemicals announced plans to build a $5 million Styrenics Technology Center in Breda, The Netherlands. The facility is scheduled to open during the third quarter of this year.
The new Breda center will house project teams working on basic research and development as well as application and manufacturing support for European customers. Product development at the facility will involve NOVA’s solid polystyrene, expandable polystyrene and high performance styrenic polymers such as NAS and Zylar.

“This project enables NOVA Chemicals to effectively integrate and leverage the technologies recently acquired from Shell with previously acquired styrenics capabilities,” said Colin Jones, vice president and managing director.


Carter Products Breaks Ground on New Facility

Carter Products Co. recently broke ground for a new 11,600-square-foot manufacturing and office facility in Walker, a suburb of Grand Rapids, MI.

The company manufactures accessories for the plastics and woodworking industries, including guide line lights and laser lights.

“At nearly double the size of the old building, including 7,000 square feet of manufacturing space, the new facility ensures we’ll be able to meet our growth trend in product demand and better serve our 800-plus dealers worldwide for years to come,” said owner Peter Perez.

For more information, contact Carter Products at (616) 451-2928, www.carterproducts.com

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