CYRO Industries Selects Odyssey Logistics for Multi-Year Outsourcing Contract.Business Editors/High-Tech Writers DANBURY, Conn.--(BUSINESS WIRE)--Feb. 23, 2004 Acrylic Manufacturing Pioneer Will Benefit from Service Provider's Unparalleled Logistics Expertise and Robust Technology Platform Odyssey Logistics & Technology Corporation, a provider of global transportation and logistics services to process manufacturers, today announced that CYRO Industries, a world leader in acrylic and acrylic-based products and joint venture between a subsidiary of Degussa AG and Cytec Industries Cytec Industries is a specialty chemicals and materials technology company with pro-forma sales in 2004, including the Surface Specialties acquisition, of approximately $3.0 billion. Cytec is a result of its spin-off from American Cyanamid Company. , has signed a multi-year contract to outsource all its logistics functions to Odyssey. Through this relationship, CYRO will reduce transportation costs, improve asset utilization and efficiency, and enhance visibility throughout its supply chain. The company aims to increase on-time shipment performance and provide greater access to its customers to track the status of their deliveries. "In Odyssey we found a trusted and willing partner that allows us to focus on our core competencies while creating efficiencies through our supply chain," said Gene Gellman, director of services for CYRO Industries. "Odyssey was the clear leader, bringing unparalleled expertise in all areas of logistics coupled with depth and breadth of technology functionality that would be difficult, expensive and time consuming for us to replicate. In addition to enabling us to run our business more efficiently, we will have the infrastructure in place to support changing logistics requirements as new product lines are introduced, allowing us to serve our customers more effectively." CYRO is deeply committed to continuous improvement in order to pass along new efficiencies and value to its customers and it is this commitment that has made the company an innovator in acrylic-based monomer monomer (mŏn`əmər): see polymer. monomer Molecule of any of a class of mostly organic compounds that can react with other molecules of the same or other compounds to form very large molecules (polymers). (MMA (Microcomputer Managers Association, Inc.) A membership organization with chapters throughout the U.S. that was devoted to educating personnel responsible for personal computers. It disbanded in 1996. Mma - A fast Mathematica-like system, in Allegro CL by R. Fateman, 1991. ), polymer and sheet products throughout the Americas. As part of a successful company-wide initiative in 2001, CYRO restructured the way it delivers many of its products to the market for maximum benefit to its customers. In an ongoing effort to optimize its business processes, CYRO evaluated a number of transportation management software and service providers and chose to outsource its logistics functions to Odyssey. Prior to selecting Odyssey, CYRO was managing its logistics functions in-house and using a legacy system for tasks such as managing carriers, freight payment, and shipment tracking and tracing In logistics, tracking and tracing is the concept of locating property that is being forwarded from an origin to a destination through various hubs and passing along spokes, and determining the location and other status of such object. . The company has four plants and five major distribution centers throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada, and its back-end ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. system will be fully integrated into Odyssey's freight planning platform. "CYRO is an example of a manufacturer that is continuously working to improve the way it runs its business while striving to add value for its customers," said Bob Shellman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Odyssey Logistics and Technology. "Odyssey understands the logistics supply chain inside and out and has the capabilities, expertise and technology infrastructure to save money for our customers and enable them to run their businesses better, driving cost-savings while optimizing their existing investments." About CYRO Industries CYRO is headquartered in Rockaway, New Jersey
Rockaway is a borough in Morris County, New Jersey, USA. As of the United States 2000 Census, the borough population was 6,473. . Formed in 1976 as a joint partnership between Cytec Industries and Rohm GmbH & Co., KG, a subsidiary of Degussa AG, CYRO has broad technological and global resources to respond to market demands. CYRO manufactures and markets its acrylic sheet and molding compounds throughout the Western Hemisphere Western Hemisphere Part of Earth comprising North and South America and the surrounding waters. Longitudes 20° W and 160° E are often considered its boundaries. under its ACRYLITE(R) trademark. Rohm GmbH manufactures and markets acrylic sheet and molding compounds throughout Europe and the Far East under its Plexiglas(R) trademark. Cytec Industries Inc. manufactures building block chemicals used by CYRO to manufacture methyl methacrylate methyl methacrylate (meth´il methak´rilāt), n an acrylic resin, CH2 = C(CH3)COOCH3, derived from methyl acrylic acid. Monomer is the single molecule and polymer is the polymerization product. monomer-the basic raw material for its ACRYLITE compounds and sheet products. CYRO has four manufacturing facilities located in Maine, Connecticut, Arkansas and Louisiana. For more information visit www.cyro.com. About Odyssey Logistics & Technology Odyssey Logistics & Technology provides global logistics management Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet services to the chemical industry and other process manufacturers. Odyssey allows its customers to outsource any part of the management and transportation of their raw materials and finished goods, helping these companies save money through reduced transportation and infrastructure costs, measurable customer service and process improvements, and enhanced data quality and management. The Odyssey team of chemical engineers and logisticians brings unparalleled expertise to the logistics supply chain in all modes of transport. The Odyssey Global Logistics Platform is a first-of-its kind transportation management infrastructure that serves as the technology backbone to its service offering. The company is backed by investors Trident Capital, Boston Millennia Partners, CMEA CMEA Council for Mutual Economic Assistance CMEA Cellular Message Encryption Algorithm CMEA Canadian Music Educators' Association CMEA Council for Mutual Economic Aid CMEA Certified Machinery Equipment Appraiser CMEA Colorado Music Education Association Ventures and RRE RRE Red Rock Eater (News Service) RRE Road Race Engineering RRE Remote Roof Easy RRE Residential Real Estate RRE Rise-And-Run-Length Encoding RRE Royal Radar Establishment (Great Britain) Ventures. For more information, visit www.odysseylogistics.com on the Web. |
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