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JAPANESE JOINT VENTURE DISCUSSIONS BY AMOCO AND TEIJIN

 JAPANESE JOINT VENTURE DISCUSSIONS BY AMOCO AND TEIJIN
 TOKYO, April 6 /PRNewswire/ -- Negotiations between Teijin Ltd. and


Amoco Performance Products, Inc. for a joint engineering plastics venture were announced here today. Initially, the venture will involve the marketing of super engineering plastics in Japan, with local polymer production anticipated in the future.
 Teijin is a major participant in the engineering plastics business in Japan. It produces and markets products such as polycarbonate, fiber-reinforced polyethylene terephthalate (PET) and polybutylene terephthalate (PBT). They have leading market share of the first two products.
 Amoco Performance Products is a world leader in the manufacture of high-performance super engineering plastics, including sulfone-based polymers, which they have produced for 27 years.
 Primary emphasis in the new venture will be on Amoco's Udel(R) polysulfone, Mindel(R) polysulfone alloys, Radel(R) A polyarylsulfone and Radel(R) R polyphenylsulfone. It is expected that the joint venture will stimulate further market growth and specifically to grow the Radel A product line, which is a direct replacement for polyethersulfone (PES), a product recently abandoned by ICI.
 To support its international sulfone polymers business, Amoco has in place several major production facilities. In 1991, the company started up a world-scale sulfone monomer facility in Augusta, Ga. This is the starting monomer for both Udel and Radel polymers. These polymers are both produced at Amoco's Marietta, Ohio, plant site. The Radel facility was completed in 1989 with an annual capacity of several thousand tons. Amoco recently announced a multimillion-dollar project to upgrade its Udel polysulfone facility. Overall, Amoco has by far the largest in- place polymer capacity for sulfone polymers, and is the only producer integrated back to the key monomer.
 -0- 4/6/92
 /CONTACT: Roy Duffus of Roy Duffus Associates, 201-934-1070, or fax, 201-934-5429, for Amoco Performance Products/ CO: Amoco Performance Products Inc.; Teijin Ltd. ST: Georgia IN: SU: JVN


CK-OS -- NY023 -- 5283 04/06/92 10:21 EDT
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Publication:PR Newswire
Date:Apr 6, 1992
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