Cooper Tire & Rubber and Pirelli Tyres form alliance.Cooper Tire & Rubber, Findlay, OH, and Pirelli Tyres, Milan, Italy, have formed a strategic alliance. This venture will combine the best resources from the world's sixth and eighth largest tire companies Manufacturer Country Est. Brands and Subsidiaries
Aeolus Tyre China
Alliance Tire Company Ltd. Israel 1950 Amtel-Povolzhye, Kirov; Amtel-Chernozemye, Voronezh
Apollo Tyres Ltd. to improve their competitiveness through a multibrand strategy in the North and South American replacement tire markets. Capitalizing on Cooper's dealer relationships and manufacturing efficiency along with Pirelli's technological capability and expertise in the performance tire arena, the venture will enhance the global position of both companies. Cooper will manage the distribution and sales of all Pirelli passenger and light truck tires in the U.S., Canada and Mexico replacement markets. Pirelli will strengthen its original equipment business due to the addition of new platforms on vehicles destined des·tine
tr.v. des·tined, des·tin·ing, des·tines
1. To determine beforehand; preordain: a foolish scheme destined to fail; a film destined to become a classic.
2. for the North American North American
named after North America.
North American blastomycosis
see North American blastomycosis.
North American cattle tick
see boophilusannulatus. market, and in the future expects to begin providing tires directly to original equipment manufacturers in the U.S. Future plans include an agreement for Pirelli to distribute and market Cooper brand tires in South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. .
Cooper Tire & Rubber and MacNeal-Schwendler have signed a product and technology agreement to revolutionize tire and automotive rubber product design and development. The multi-million dollar consulting engagement will span approximately 18 months. Through the creation of an advanced tire design and modeling system, Cooper will be able to provide tire and automotive customers with faster delivery of advanced products. Cooper will use MacNeal-Schwendler's current suite of simulation tools, as well as advanced proprietary technology and processes developed with this engagement to shorten the product design cycle, improve product quality and lower costs.
Montell Polyolefins NV and Machino Plastics Ltd. have formed Machino-Montell-India Ltd. (MMI (Man Machine Interface) See HMI.
1. MMI - Man-Machine Interface.
2. (company) MMI - The company which developed the first Programmable Array Logic devices. MMI was bought by AMD. ), which will develop, produce and market polyolefins based on advanced materials Advanced Materials is a leading peer-reviewed materials science journal published every two weeks. Advanced Materials includes Communications, Reviews, and Feature Articles from the cutting edge of materials science, including topics in chemistry, physics, for customers in India. This company, in which each of the two partners has a 50% interest, has been formed as a result of their alliance, which was announced in July 1997. Products of the new company will include polypropylene-based compounds, advanced materials based on polymers from Montell's proprietary Catalloy process and materials based upon Montell's high melt strength polypropylene resins. MMI will focus on the rapidly expanding advanced materials needs of India's automotive, appliance, industrial and consumer markets.
Montell Polyolefins has sold a license for its Spheripol polypropylene process to Turkmenneftgas State Trade, the largest oil and gas group in the republic of Turkmenistan. Turkmenneftgas State Trade has taken the license through J.G.C., the Japanese engineering company that has been involved as contractor in the implementation of five other Spheripol process plants, all located in Southeast Asia. Turkmenneftgas State Trade will contruct an 80 kt/a Spheripol polypropylene plant in Turkmenbashi.
In February, a joint venture agreement was signed in Kuala Lumpur, Malaysia for the construction of a 255,000 mt low-density polyethylene (LDPE LDPE
low-density polyethylene ) plant in Kertih, Malaysia, scheduled to come on stream in 2001. It involves a total investment of more than $170 million. The main stakeholders in the joint venture are Petronas, Malaysia (40%) and Polifin Limited, South Africa (40%). The Dutch chemical group DSM 1. DSM - Data Structure Manager.
An object-oriented language by J.E. Rumbaugh and M.E. Loomis of GE, similar to C++. It is used in implementation of CAD/CAE software. DSM is written in DSM and C and produces C as output. holds a stake of 20%.
DSM Engineering Plastics, Sittard, the Netherlands, has reached an agreement with General Electric Plastics, Bergen op Zoom Bergen op Zoom (bĕr`gən ôp zōm`), town (1994 pop. 47,483), North Brabant prov., SW Netherlands, on the Zoom River near its confluence with the Eastern Scheldt. , the Netherlands, concerning a takeover of GE's Lomod co-polyester business. Under the terms of the agreement, DSM will continue the Lomod business using Arnitel products while the Lomod grades are taken off the market by GE.
Three producers of specialty chemicals have expanded their agreements with M.F. Cachat, a Cleveland, OH-based distributor and agent. BCS (1) (The British Computer Society, Swindon, Wiltshire, England, www.bcs.org) The chartered body for information technology professionals in the U.K., founded in 1957. , formerly Holtrachem, has expanded its antimony antimony (ăn`tĭmō'nē) [Lat. antimoneum], semimetallic chemical element; symbol Sb [Lat. stibium,=a mark]; at. no. 51; at. wt. 121.75; m.p. 630.74°C;; b.p. 1,750°C;; sp. gr. (metallic form) 6. oxide sales territory with Cachat in the states of New Jersey, Pennsylvania and portions of New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Omya will expand its sales territory with Cachat to also include the state of Michigan. Cachat will represent Omya and its line of Omyacarb calcium carbonates. U.S. Silica has awarded Cachat expansion territory of its Min-U-Sil and Sil-Co-Sil product lines in the states of Maine, Vermont, New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). , Rhode Island Rhode Island, island, United States
Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. and portions of Connecticut.
Fourth quarter 1998 financial results Earnings ($) Sales ($) Cooper Tire & Rubber 38.1 million 496.2 million DSM 66 million 1.6 billion Federal-Mogul 29 million 1.5 billion Goodyear Tire & Rubber 121.5 million 3.2 billion Minerals Technologies 14.3 million 155.2 million Rogers 4 million 53.6 million Union Carbide 67 million 1.3 billion Wynn's International 6.5 million 85.6 million Year end 1998 financial results Earnings ($) Sales ($) Bridgestone Corp. 798 million 17 billion Bridgestone/Firestone 285 million 7.4 billion Cooper Tire & Rubber 127 million 1.9 billion Degussa 55 million 2.1 billion DSM 457 million 7 billion Federal-Mogul 54 million 4.5 billion Goodyear Tire & Rubber 682.3 million 12.6 billion Minerals Technologies 57.2 million 609.2 million Rogers 13.8 million 216.6 million UCB BF 9.75 billion BF 66 billion Union Carbide 403 million 5.66 billion Wynn's International 27.3 million 336.9 million