Rohm and Haas, Omnova form global joint venture.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 Philadelphia, ancient cities Philadelphia, name of several ancient cities. One was in Lydia, W Asia Minor (now W Turkey). At the foot of Mt. Tmolus and near the location of modern Alaşehir, it was founded in the 2d cent. B.C. , PA, and Omnova Solutions, Fairlawn, OH, have signed a letter of intent to form a global joint venture for the purpose of marketing, selling and servicing 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. binders, synthetic pigments and specialty additives for coating applications in the paper and paperboard paperboard, material similiar in shape and composition to paper, but generally thicker, stronger, and more rigid. Paper machines, e.g., Fourdrinier machines, are used to make sheets of paperboard. industry. The letter of intent, signed on October 1, is the latest step in a relationship between the two companies since formation of a strategic alliance in January of this year. The joint venture will provide total coating solutions to the paper and paperboard industry. |
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