Dow Corning to acquire France's Multibase S.A. (Acquisitions, Expansion).Dow Corning Dow Corning is a multinational corporation headquartered in Midland, Michigan, USA. Dow Corning specializes in silicon and silicone-based technology, offering more than 7,000 products and services. Dow Corning is equally owned by The Dow Chemical Company and Corning, Inc. , Midland, MI, announced its intent to acquire Multibase S.A. of France, an independent thermoplastics compounder serving the automotive, appliance and packaging industries. The board of directors for each company has approved the plan. Final approval by Multibase shareholders is expected this month, with the acquisition expected to be finalized See finalization. by April 30. Multibase is a polymer compounding firm providing customized compound solutions, tolling service and product development, with global customers in the automotive, household appliances, packaging, construction, and sports and leisure markets. Multibase has production facilities in France, the U.S. and India, and sales offices in Brazil and China. Multibase products include Multi-Flexa thermoplastic elastomers Thermoplastic elastomers (TPE), sometimes referred to as thermoplastic rubbers, are a class of copolymers or a physical mix of polymers (usually a plastic and a rubber) which consist of materials with both thermoplastic and elastomeric properties. , Multibatcha mineral filled polyolefin masterbatches and Multi-Proa polyolefin compounds. Dow Corning also announced the launch of a new business model and global brand. Called Xiameter, the business will operate via the web and feature streamlined services that are said to dramatically reduce the cost of commonly used silicone-based products. Xiameter is said to offer transparent, dynamic and real time lowest-base pricing for high-volume shipping units of silicone-based materials. 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. Elastomers' Keltan EPDM EPDM Ethylene-Propylene-Diene-Monomer EPDM Enterprise Product Data Management EPDM Ethylene Propylene Dimonomer (industrial/commercial piping/plumbing components) EPDM Engineering Product Data Management capacity expansion in Geleen, the Netherlands, is on schedule, and the completion of new EPDM capacity is foreseen before the end of 2002 as planned. The new 80 kiloton kil·o·ton n. Abbr. kt 1. A unit of weight or capacity equal to 1,000 metric tons. 2. An explosive force equivalent to that of 1,000 metric tons of TNT. capacity is said to incorporate the latest improvements in DSM Elastomers' proprietary Keltan technology. Tech Pro, Cuyahoga Falls Cuyahoga Falls, city (1990 pop. 48,950), Summit co., NE Ohio, on the Cuyahoga River; inc. 1836. On its course through the city the river drops 220 ft (67 m) through a series of falls and rapids. , OH, announced the acquisition of the rubber instruments operation of Noveon's polymer additives business unit located in Akron, OH. The acquired instruments, the Flexometer Model II, the portable universal tester, the cut and chip tester and the mixer mixer, either of two electronic devices in which two or more signals are combined. In the type of mixer used in radio receivers, radar receivers, and similar systems, a signal is translated upward or downward in frequency. monitor control system, were designed and manufactured by BFGoodrich. Noveon, formerly BFGoodrich Performance Materials, is headquartered in Cleveland, OH. Terms of the acquisition were not disclosed. Acushnet Rubber, New Bedford New Bedford, city (1990 pop. 99,922), seat of Bristol co., SE Mass., at the mouth of the Acushnet River on Buzzard's Bay; settled 1640, set off from Dartmouth 1787, inc. as a city 1847. , MA, has reached an agreement to sell its Thailand manufacturing facility to Specialty Elastomers Technologies of Woodstock, IL. The sale of the Thailand manufacturing facility will have a positive effect on Acushnet Rubber's New Bedford o-ring and seal ring operations, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the company. Acushnet (Thailand) Limited is a precision custom rubber molder mold·er v. mold·ered, mold·er·ing, mold·ers v.intr. To crumble to dust; disintegrate. v.tr. To cause to crumble. See Synonyms at decay. , currently manufacturing wiper blades, brake components and custom molded industrial/office products for the automotive, appliance, industrial and aerospace industries. TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). Industries, Clearwater, FL, announced the acquisition of Crompton's millable polyurethane polyurethane Any of a class of very versatile polymers that are made into flexible and rigid foams, fibres, elastomers (elastic polymers), surface coatings, and adhesives. product lines, including Adiprene CM, FM, E and TP products, Vibrathane 5004, 5004SP and 5008 products, and Caytur 4. Alloy Polymers began operation of a new manufacturing facility that will focus on producing engineering thermoplastics and high-value added polyethylene polyethylene (pŏl'ēĕth`əlēn), widely used plastic. It is a polymer of ethylene, CH2=CH2, having the formula (-CH2-CH2-)n and polypropylene polypropylene (pŏl'ēprō`pəlēn), plastic noted for its light weight, being less dense than water; it is a polymer of propylene. It resists moisture, oils, and solvents. compounds used in food, medical and pharmaceutical applications, and personal care packaging. Located at the company headquarters in Richmond, VA, this compounding facility has an annual production capacity of 15 million pounds. Rohm and Haas Rohm and Haas Company (NYSE: ROH), a Philadelphia, Pennsylvania based company, manufactures miscellaneous materials. A Fortune 500 Company, Rohm and Haas employs more than 17,000 people in 27 countries. The annual sales revenue of Rohm and Haas stands at about USD 8.2 billion. , Philadelphia, PA, is investing approximately $20 million to build a facility in Mumbai, India. This plant will produce polyurethane and polyester-based adhesives, adhesive formulations for flexible packaging applications and acrylic emulsions for pressure-sensitive adhesives. It will also produce water-based latex latex, emulsion of a polymer (e.g., rubber) in water (see colloid). Natural latexes are produced by a number of plants, are usually white in color, and often contain, in addition to rubber, various gums, oils, and waxes. found in end-use products such as paints and coatings. The facility will serve the domestic market, as well as the export needs of the Asia-Pacific region. Zeon Chemicals, Louisville, KY, is implementing a manufacturing optimization program using tools such as lean manufacturing Lean manufacturing is the production of goods using less of everything compared to mass production: less human effort, less manufacturing space, less investment in tools, and less engineering time to develop a new product. , six sigma Not to be confused with Sigma 6. Six Sigma is a set of practices originally developed by Motorola to systematically improve processes by eliminating defects.[1] A defect is defined as nonconformity of a product or service to its specifications. and theory of constraints Theory of Constraints (TOC) is an overall management philosophy that aims to continually achieve more of the goal of a system. If that system is a for-profit business, then the goal is to make more money, both now and in future. . This three-part plan was put into place at all of the company's U.S. plants in January and is said to have already produced a significant improvement in processes, allowing the company to reach nearly half of its expected target for 2002. GreenMan Technologies, Lynnfield, MA, has signed a letter of intent to acquire all Iowa-based tire collection and processing operations of Utah Tire Recyclers, a Utah-based company in the business of collecting, processing and marketing scrap tires. GreenMan will manage the operations under the name of GreenMan Technologies of Iowa. Terms of the transaction were not disclosed. Trelleborg Group's Engineered Systems business has signed a letter of intent to sell its molded goods production operations in Skelton, England, which is part of Trelleborg Industries UK Ltd. This operation has approximately 60 employees and produces molded goods primarily for the British household appliances industry. It had sales of approximately GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 3.1 M in 2001. The purchaser is an English subsidiary of Industrie Ilpea S.p.A., a worldwide industrial group with headquarters in Malgesso, Varese, Italy.
Fourth quarter 2001 financial results
Earnings ($) Sales ($)
AirBoss of America 366,000 38.8 million
Albemarle 15.4 million 239.1 million
American Biltrite 2.8 million 105.5 million
Bandag 17.4 million 249.2 million
Celanese AG EUR 419 million EUR 1.1 billion
Cooper Tire & Rubber 16 million 777 million
Dana 298 million 2.4 billion
Dow Chemical 37 million 6.3 billion
DSM EUR 56 million EUR 1 billion
DuPont 124 million 5.2 billion
Federal-Mogul 114 million 1.3 billion
GenCorp 43 million 367 million
Goodyear Tire & Rubber 174 million 3.5 billion
GreenMan Technologies * 512,000 6.3 million
Huntsman International 20 million 1 billion
Industrial Rubber Products 38,656 3.2 million
JPS Industries ** 400,000 27.1 million
Kerr-McGee 61 million 758 million
Lubrizol 20.7 million 438 million
Millennium Chemicals 8 million 684 million
OM Group 20 million 1 billion
Omnova Solutions 13 million 181.8 million
Osmonics 1.1 million 54 million
Plymouth Rubber 121,000 17 million
PolyOne 30.1 million 590 million
Rheometric Scientific 4 million 7.8 million
Rohm and Haas 37 million 1.34 billion
RPM *** 24.5 million 487.9 million
Solutia 5 million 643 million
Valhi 3.7 million 231.9 million
Valspar ** 12.6 million 431 million
* First quarter ended December 31, 2001
** First quarter ended January 26, 2002
*** Second quarter ended November 30, 2001
Year end 2001 financial results
Earnings ($) Sales ($)
AirBoss of America 3.2 million 169.2 million
Albemarle 69.5 million 917 million
American Biltrite 2.8 million 414.3 million
Bandag 43.8 million 964.9 million
Celanese AG EUR 385 million EUR 5 billion
Cooper Tire & Rubber 18 million 3.2 billion
Dana 298 million 10.3 billion
Dow Chemical 469 million 27.8 billion
DSM EUR 369 million EUR 1.4 billion
DuPont 1.25 billion 24.7 billion
Federal-Mogul 259 million 5.45 billion
GenCorp 128 million 1.49 billion
Goodyear Tire & Rubber 203.6 million 14.1 billion
GreenMan Technologies 1.5 million 21.7 million
Huntsman International 398 million 4.5 billion
Industrial Rubber Products 38,656 14 million
Kerr-McGee 1.1 billion 3.6 billion
Lubrizol 94 million 1.8 billion
Michelin EUR 314 million EUR 15.8 billion
Millennium Chemicals 43 million 3.3 billion
OM Group 80.2 million 2.36 billion
Omnova Solutions 29.1 million 737 million
Osmonics 6.2 million 207.4 million
Plymouth Rubber 2.9 million 66.5 million
Poly0ne 46.1 million 2.65 billion
Resolution Performance
Products 94 million 863 million
Rheometric Scientific 5 million 31 million
Rohm and Haas 189 million 5.7 billion
Solutia 20 million 2.8 billion
UCB ?? 461 million ?? 2.4 billion
Valhi
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