JLM Industries, Inc. Awarded Distribution Contract.TAMPA, Fla.--(BUSINESS WIRE)--May 26, 1999-- Polyform Ltd., an Isle of Man Noun 1. Isle of Man - one of the British Isles in the Irish Sea Man British Isles - Great Britain and Ireland and adjacent islands in the north Atlantic limited Company, has appointed a wholly-owned subsidiary of JLM JLM Jesus Loves Me JLM Just Like Me JLM Junior League of Memphis JLM Junior League of Minneapolis JLM Junior League of Mobile JLM Junior League of Madison JLM Junior League of Montgomery JLM Junior League of Miami, Inc. JLM Junior League of McAllen, Inc. Industries, Inc. (NASDAQ/NM:JLMI), as the exclusive distributor in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Central and South America, and the Caribbean for Polyacetal Resins. Polyacetal resins are engineering homopolymers that have excellent chemical, thermal electrical and mechanical properties and have replaced metals and other plastics in many applications. Uses include automotive, household appliances, electrical switchgear The term switchgear, used in association with the electric power system, or grid, refers to the combination of electrical disconnects, fuses and/or circuit breakers used to isolate electrical equipment. , and computer housings. Polyform will manufacture and supply product from its new state of the art plant in Komotini, Greece, which is scheduled to start production of commercial quantities during the fourth quarter 1999. JLM Marketing, Inc. will provide sales, marketing and all related logistical support through its extensive domestic and international organization. According to Walter M. Tarpley, JLM Marketing's president, "We are extremely pleased to be selected as Polyform's exclusive distributor for the Americas. This unique opportunity allows us to capitalize on our significant strength in marketing, while entering the high growth plastics market with a premier line of Polyacetal resins." JLM Industries, Inc. is a leading marketer and distributor of certain commodity chemicals, principally acetone acetone (ăs`ĭtōn), dimethyl ketone (dīmĕth`əl kē`tōn), or 2-propanone (prō`pənōn), CH3COCH3 and phenol phenol (fē`nōl), C6H5OH, a colorless, crystalline solid that melts at about 41°C;, boils at 182°C;, and is soluble in ethanol and ether and somewhat soluble in water. . The company believes it is the second-largest marketer of acetone and the fifth-largest marketer of phenol in North America. It is also a global distributor of olefins, principally propylene propylene /pro·pyl·ene/ (pro´pi-len) a gaseous hydrocarbon, CH3CHdbondCH2. propylene glycol a colorless viscous liquid used as a humectant and solvent in pharmaceutical preparations. , as well as other commodity and specialty chemicals. The company's principal products are used in the production of adhesives, coatings, forest product resins, paints, pharmaceuticals, plastics, solvents, synthetic rubbers, and food processing. This release contains forward-looking statements based on current expectations that involve a number of risks and uncertainties. The potential risks and uncertainties that could cause actual results to differ materially include: the cyclical nature of the worldwide chemical market; the possibility of excess capacity; fluctuations in economic uncertainties associated with international operations; fluctuations of foreign exchange; the risks associated with potential acquisitions; and the ability to implement other features of the Company's business strategy. |
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