Lonza and Akzo Nobel planning joint venture for N-Methylpyrrolidone.ARNHEM, The Netherlands--(BUSINESS WIRE)--Feb. 20, 1996--Lonza SpA, Milan, Italy and Akzo Nobel Akzo Nobel is a multinational company, active in the fields of healthcare products, coatings and chemicals. Headquartered in Amsterdam, the Netherlands, the company has activities in more than 80 countries, and employs approximately 62,000 people. , The Netherlands, have signed a letter of intent on a joint feasibility study for setting up a 60/40 joint venture for the production of N-Methylpyrrolidone (NMP NMP New Millennium Program (NASA) NMP National Military Park (National Park Service) NMP N-Methylpyrrolidone NMP Network Management Protocol NMP Not My Problem ) and related intermediates including Gamma-butyrolactone (GBL GBL Gamma-Butyrolactone GBL government bill of lading (US DoD) GBL Ground-Based Laser GBL Game Boy Light GBL General Bearing Line GBL Generation Breakdown List GBL Ground-Based Laboratory GBL Green Bus Lines, Inc. ). The project under evaluation involves the construction of a 10,000 tons per year plant at Ravenna in Italy, an existing Lonza site, with startup forecast for late 1997. The joint venture under study, with Lonza holding the majority share, would make use of fully developed infrastructure available at the Ravenna site and the worldwide marketing capabilities of the two companies. NMP is a specialty solvent with a wide range of applications in paint removers, extraction agents, gas purification, pigment dispersement, wire enamels, polymers, plastics and metal degreasing and in pharmaceutical and agricultural applications. Due to its intrinsic technical performance and its characteristics, generally recognized as environmentally compatible, NMP is a solvent steadily growing in the market, substituting certain solvents currently in use. Innovative advantageous technology developed by both companies will be used, enabling a successful entry into the NMP market. The process is based on the utilization of Maleic Anhydride (MA) and Monomethylamine (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. ) as raw materials. MA is produced in Lonza's new ALMA Alma (älmä`, ăl`mə), city (1991 pop. 25,910), S central Que., Canada, on the Saguenay River. In 1954 its name was shortened from St. Joseph d'Alma. There are granite quarries in the region, and the town has pulp and paper and aluminum plants. plant at their Ravenna site, while Akzo Nobel's business unit Functional Chemicals produces MMA at both their Marano/Ticino site in Italy and their Delfzijl site in The Netherlands. Headquartered in The Netherlands, Akzo Nobel is one of the world's leading companies in the selected areas of chemicals, coatings, healthcare products and fibers. Approximately 70,000 people in over 50 countries make up the Akzo Nobel work force. Sales in 1994 were NLG NLG The ISO 4217 currency code for the Dutch Guilder. 22.2 billion. Lonza SpA is part of the Chemicals Division (Lonza Group) of Alusuisse-Lonza. The Lonza Group is a supplier of fine chemicals, specialty chemicals, polymers and additives and undertakes exclusive synthesis for leading life science companies. Its 5,000 employees generated sales in excess of SFR SFR Swiss Franc (national currency) SFR Société Française du Radiotéléphone (French cellular provider) SFR Single Family Residence SFR Single Family Residence (real estate) 1.6 billion in 1995. CONTACT: Akzo Nobel Nicholas H. Sommers, 312/906-7612 |
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