Airex AG and Baltek in worldwide marketing venture.NORTHVALE, N.J.--(BUSINESS WIRE)--May 7, 1996--Baltek Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BTEK), the world's largest producer of balsa-based products for a wide range of industrial applications, and Airex AG of Sins, Switzerland Sins is a municipality in the district of Muri in the canton of Aargau in Switzerland. , the leading manufacturer of closed-cell speciality foams have agreed to jointly market their core materials on a worldwide basis. The announcement was made on April 26 at the JEC '96 in Paris by Jacques Jacques [ʒɑk] (French for Jacob and James) can refer to: People with the surname of Jacques:
balsa Tree (Ochroma pyramidale, or O. lagopus) of the bombax family (Bombacaceae), native to tropical South America and noted for its extremely light wood, which resembles clear white pine or basswood. and AirLite/HEREX PVC PVC: see polyvinyl chloride. PVC in full polyvinyl chloride Synthetic resin, an organic polymer made by treating vinyl chloride monomers with a peroxide. foam. In making the announcement, Jacques Kohn said, "Our cooperative arrangement with Airex AG, the Speciality Foams division of the A-L Alusuisse-Lonza Group, solidifies our leadership in the structural core market and gives us an excellent growth opportunity. Together, we are THE CORE SOURCE." Airex AG and Baltek have combined their technical and marketing to become the most advanced structural sandwich core supplier. The combined expertise will strengthen the leading role of each of the two companies in developing the sandwich market with structural foam or balsa cores while pioneering new technologies. The joint marketing activities will focus on applications within the marine, mass transportation and industrial markets. The Alusuisse-Lonza Group is a worldwide conglomerate conglomerate, in business conglomerate, corporation whose asset growth, often very rapid, comes largely through the acquisition of, or merger with, other firms whose products are largely unrelated to each other or to that of the parent company. , and Airex AG is a part of its Aluminium Division. For more information, contact Baltek Corp., P.O.Box 195, Northvale, N.J. 07647-0195 (Tel: 201/767-1400; Fax: 201/387-6631) or Airex AG Speciality Foams, CH-5643 Sins, Switzerland (Tel: 41-41-789-6600; Fax: 41-41-789-6660). NOTE TO EDITOR: Airex and HEREX are registered trademarks of Airex AG, Sins, Switzerland. CONTACT: Baltek Corporation Jacques Kohn, 201/767-1400 or Strategic Growth International Inc. Donald Weinberger, 516/829-7111 |
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