- Email: [email protected]
Core Materials' truck deal
industry news
Genmar
unit
Financial
takes on VEC
results
A NEW COMPANY, VEC Technology from
Inc, has been the
former
created Pyramid
Operating Systems business and segments of Genmar Holdings Co to market Pyramid’s VECTM closed moulding technology. VEC Technology Inc will be located
in
Greenville,
Penn-
sylvania, and will be led by Steve Kubisen, who joined Genmar last July. Pyramid’s founder and CEO Gene Kirila moves on to a new job within the Genmar organization. The VEC technology designed for manufacture
is of
large composite parts and is claimed to offer fabricators reduced costs and emissions, while improving speed to market and
RP ASlA 2000 is only months
The two-day conference will focus on four sessions: Composites in Asia: Strategies for Growth; Processing for Success; Composites and Corrosion; and New Materials: Building for the Future. Special workshop sessions will give delegates a more detailed insight into composites design and processing.
a few
away and exhibition
space is filling up quickly. Exhibitors already booked in include: Airtech; Alusuisse Airex; AOC Hawk; Aplicator System; Arca de Noe Scln Rhd; Ashland; Asia Pacific Microsphere; Axel Plastics; Baltek Chomarat & Cie; Chrong Yi Co; Dow Chemical; Entec Composite Machines; FRP Services; GasCm&; ITW Plexus; Lantor BV; Neste Polyester; Norac Andos Composites; Ralston Colour; RevertexlScott Bader; Smart Fibres; and Technical
For
#T&T
inform&ion
about the exhibition and sponsorship opportunities contact
Kevin Partridge, tel: +44-1865 843808; f&: -G&1865843973, e-mail: k.pQrtridge@ eIsevier.co.uk. For fi& details of rtre ce@r@rce progrunrlprt, visit our welisit~ wwwq.wia.com.
enhancing production flexibility. Genmar; tel: +l-612-3397600; fax: +l-612-337-1930.
end
acquisitions
at the
of
1999 (Reinforced Plastics, January 2000, page 11) are beginning to make an impact.
Sales for the second
quarter of the company’s 2000 fiscal year were .up to US$35.2 $16.1
from million million in last year’s
second quarter, and operating income was up by $1.65 million to $556 costs
000.
However,
of maintaining
excess
carbon fibre capacity and reduced net income as a result of the acquisitions led to a net loss of $1.1 million
for the
quarter compared with a loss of $1 million in 1999. Sales
for
the
first
six
months of fiscal 2000 reached $58.1 million, compared with $39.4 million for the same period
Rww matearials pricing
Core Materials’
Zoltek’s
last year, but Zoltek
reports a net loss of $2.3 million for the first half of the
.
year, compared with a net loss of $1 million in 1999.
truck deal Bisphenol A
DM/kg
erials Corp, Columbus, Ohio, is negotiating an agreement to
Maleic anhydride Liquid Flake
PPG reports net earnings of $139 million for the first quarter of 2000, including a
DWtonne DM/tonne
charge of $35 million to write off an equity investment. First
manufacture composite parts for
rjuLyEcwz
uap,
IN A DEAL expected to be worth over US$S million in annual revenues, US moulder Core Mat-
Mack Truck Inc’s heavy-duty trucks. The deal will include manufacturing and assembly of products for both current and future models of Ma&s
heavy-
duty Class 8 trucks. Core Materials expects the contractual
terms of the agree-
ment to be finalized within the next few months and for commercial production to begin later in the year. This agreement is part of Core Materials’ ongoing efforts to diversify its customer base, particularly in the heavy truck
y’
Propykne gycol . ._ Phthalic anhydride Liquid Flake
DMltonne
1645-1763
DMlkg
1.31-1.36 1.36-1.41 1440-149s
Styrene
fJ%Wtome
3(3@2-1130 ____ --__
offs i%‘i&tg +4#-I8&&-3S3$[
quarter sales were a record $2.1 billion. Sales and operat-
“J.“-“=I
PTA Ql
ing earnings in the company’s glass business were up on 1999’s first quarter, driven by increased volumes of automotive glass, fibre glass and flat glass, as well as recovering
&wpMZed by ICIS-LO& Can&t
&&
NeZ Weddle; tel: -181~&52-3929; e-mail: Nel, Weddl&
ic&imcom AS ESCAI.,ATlNC2raw materials
posites .industry, increase of the
5051.
REINFORCEDplastics
b”lIUC
Dhrl/kg DMftorme
market. Core Materials Corp; tel: +l614-870-5000; fax: +I -614-870-
8
&,l)%“X
LIW
Jun e 2 0 0 0
R&&hold
prices continue to hit the comhas announced its second price any says it is adding $0,0311b to 3,
ive for North
after S June. This comes on top ed raw material
costs and
tight
glass fibre prices. Ashland Inc reports net income of $25 million for its second quarter (ended 31 March) Ashland Specialty Chemical led the way with a net income of $24 million, where good performances from adhesives and electronic chemicals offset the impact of rising raw materials prices on polyester resins and petrochemical products.
Genmar
unit
Financial
takes on VEC
results
A NEW COMPANY, VEC Technology from
Inc, has been the
former
created Pyramid
Operating Systems business and segments of Genmar Holdings Co to market Pyramid’s VECTM closed moulding technology. VEC Technology Inc will be located
in
Greenville,
Penn-
sylvania, and will be led by Steve Kubisen, who joined Genmar last July. Pyramid’s founder and CEO Gene Kirila moves on to a new job within the Genmar organization. The VEC technology designed for manufacture
is of
large composite parts and is claimed to offer fabricators reduced costs and emissions, while improving speed to market and
RP ASlA 2000 is only months
The two-day conference will focus on four sessions: Composites in Asia: Strategies for Growth; Processing for Success; Composites and Corrosion; and New Materials: Building for the Future. Special workshop sessions will give delegates a more detailed insight into composites design and processing.
a few
away and exhibition
space is filling up quickly. Exhibitors already booked in include: Airtech; Alusuisse Airex; AOC Hawk; Aplicator System; Arca de Noe Scln Rhd; Ashland; Asia Pacific Microsphere; Axel Plastics; Baltek Chomarat & Cie; Chrong Yi Co; Dow Chemical; Entec Composite Machines; FRP Services; GasCm&; ITW Plexus; Lantor BV; Neste Polyester; Norac Andos Composites; Ralston Colour; RevertexlScott Bader; Smart Fibres; and Technical
For
#T&T
inform&ion
about the exhibition and sponsorship opportunities contact
Kevin Partridge, tel: +44-1865 843808; f&: -G&1865843973, e-mail: k.pQrtridge@ eIsevier.co.uk. For fi& details of rtre ce@r@rce progrunrlprt, visit our welisit~ wwwq.wia.com.
enhancing production flexibility. Genmar; tel: +l-612-3397600; fax: +l-612-337-1930.
end
acquisitions
at the
of
1999 (Reinforced Plastics, January 2000, page 11) are beginning to make an impact.
Sales for the second
quarter of the company’s 2000 fiscal year were .up to US$35.2 $16.1
from million million in last year’s
second quarter, and operating income was up by $1.65 million to $556 costs
000.
However,
of maintaining
excess
carbon fibre capacity and reduced net income as a result of the acquisitions led to a net loss of $1.1 million
for the
quarter compared with a loss of $1 million in 1999. Sales
for
the
first
six
months of fiscal 2000 reached $58.1 million, compared with $39.4 million for the same period
Rww matearials pricing
Core Materials’
Zoltek’s
last year, but Zoltek
reports a net loss of $2.3 million for the first half of the
.
year, compared with a net loss of $1 million in 1999.
truck deal Bisphenol A
DM/kg
erials Corp, Columbus, Ohio, is negotiating an agreement to
Maleic anhydride Liquid Flake
PPG reports net earnings of $139 million for the first quarter of 2000, including a
DWtonne DM/tonne
charge of $35 million to write off an equity investment. First
manufacture composite parts for
rjuLyEcwz
uap,
IN A DEAL expected to be worth over US$S million in annual revenues, US moulder Core Mat-
Mack Truck Inc’s heavy-duty trucks. The deal will include manufacturing and assembly of products for both current and future models of Ma&s
heavy-
duty Class 8 trucks. Core Materials expects the contractual
terms of the agree-
ment to be finalized within the next few months and for commercial production to begin later in the year. This agreement is part of Core Materials’ ongoing efforts to diversify its customer base, particularly in the heavy truck
y’
Propykne gycol . ._ Phthalic anhydride Liquid Flake
DMltonne
1645-1763
DMlkg
1.31-1.36 1.36-1.41 1440-149s
Styrene
fJ%Wtome
3(3@2-1130 ____ --__
offs i%‘i&tg +4#-I8&&-3S3$[
quarter sales were a record $2.1 billion. Sales and operat-
“J.“-“=I
PTA Ql
ing earnings in the company’s glass business were up on 1999’s first quarter, driven by increased volumes of automotive glass, fibre glass and flat glass, as well as recovering
&wpMZed by ICIS-LO& Can&t
&&
NeZ Weddle; tel: -181~&52-3929; e-mail: Nel, Weddl&
ic&imcom AS ESCAI.,ATlNC2raw materials
posites .industry, increase of the
5051.
REINFORCEDplastics
b”lIUC
Dhrl/kg DMftorme
market. Core Materials Corp; tel: +l614-870-5000; fax: +I -614-870-
8
&,l)%“X
LIW
Jun e 2 0 0 0
R&&hold
prices continue to hit the comhas announced its second price any says it is adding $0,0311b to 3,
ive for North
after S June. This comes on top ed raw material
costs and
tight
glass fibre prices. Ashland Inc reports net income of $25 million for its second quarter (ended 31 March) Ashland Specialty Chemical led the way with a net income of $24 million, where good performances from adhesives and electronic chemicals offset the impact of rising raw materials prices on polyester resins and petrochemical products.