AT Plastics Inc. announces selling price increase.BRAMPTON, Ontario--(BUSINESS WIRE)--May 14, 1996--AT Plastics has announced a selling price increase of US$0.05 per pound on medium and high ethylene vinyl acetate (EVA Eva to marry winner of singing contest. [Ger. Opera: Wagner, Meistersinger, Westerman, 225–228] See : Prize 1. Eva - A toy ALGOL-like language used in "Formal Specification of Programming Languages: A Panoramic Primer", F.G. ) copolymers in the North American market, effective June 15, 1996. This price increase reflects improving demand for EVA copolymers in North America, as well as increasing raw material costs, particularly on the Gulf Coast of the United States The Gulf Coast region of the United States comprises the coasts of states which border the Gulf of Mexico. The states of Texas, Louisiana, Mississippi, Alabama, and Florida are known as the Gulf States. All Gulf States are located in the Southern region of the United States. . Approximately 50% of AT Plastics' polymer sales are expected to be affected by the price increase which should begin to impact on third quarter results. The company has also been increasing prices for its range of polymer products in other international markets. "The outlook for the second quarter and the balance of 1996 remains positive, and we expect to meet or exceed our targets," said J.G. (Geoff) Clarke, president and chief executive officer. AT Plastics operates two businesses - Polymers and Films & Packaging. The polymers business produces technically demanding resins and compounds which are sold to over 300 customers in the United States, Canada and the Pacific Rim. The Films & Packaging business uses patented proprietary technology and technical expertise to manufacture, from polyethylene and other polymers, single and multi-layer specialty films and packaging products. AT Plastics' shares trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol ATP ATP: see adenosine triphosphate. ATP in full adenosine triphosphate Organic compound, substrate in many enzyme-catalyzed reactions (see catalysis) in the cells of animals, plants, and microorganisms. and the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. under the symbol ATJ ATJ Association of Teachers of Japanese ATJ According to Jim (Jim Belushi TV show) ATJ Access Technology Japan (Japanese IT recruiting company) . CONTACT: AT Plastics Jim Donaghy, 905/452-6738 |
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