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Toray Industries and Bimo S.P.A. Have Agreed to Join Forces in the Development of High Barrier Metallized OPP Films for Sale Into the Worldwide Packaging Market.



Business/Technology Editors

NORTH KINGSTOWN North Kingstown (kĭng`stən, kĭngz`toun'), town (1990 pop. 23,786), Washington co., S central R.I., on Narragansett Bay; inc. as Kings Towne 1674, divided into North Kingstown and South Kingstown 1723. , R.I.--(BUSINESS WIRE)--Dec. 8, 2000

Toray Industries Toray Industries, Inc. (東レ株式会社 Tōre Kabushiki-gaisha , Inc. (Tokyo, Japan) and Bimo S.P.A., (Atessa, Italy) have concluded an OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and  and a Joint Development agreement for the manufacture and sale of high barrier metallized OPP OPP Opposite
OPP Opportunity/Opportunities
OPP Office of Pesticide Programs
OPP Ontario Provincial Police (Ontario, Canada)
OPP Office of Polar Programs (National Science Foundation) 
 film (biaxially-oriented polypropylene film). The agreement covers the manufacture of Toray's proprietary metallized products for sale into major food companies in Europe as well as the joint development of next generation metallized barrier products utilizing a revolutionary new orientation process owned by Bimo. The OEM and Joint Development agreements were signed in September, 2000.

Toray Plastics (America), Inc., (North Kingstown, RI), a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of Toray Industries, currently has a 68% market share in metallized film used in the North American North American

named after North America.


North American blastomycosis
see North American blastomycosis.

North American cattle tick
see boophilusannulatus.
 flexible packaging market. Responding to requests by the company's largest customers, Toray has recognized the need to expand global sales of its high barrier films into Europe. Bimo offers Toray an Italian based manufacturing site from which to produce high quality films to compete in this area. Under the terms of the OEM agreement, Toray will provide technical support to Bimo for the production of Toray specification products, and will supply OEM produced products to its customers in Europe.

In addition to providing a European manufacturing site, Bimo also brings to the partnership a significant investment in developing the latest state of the art film making process, SOL (Simultaneous Orientation Line). Both companies believe this process will allow for the development of significantly improved metallized OPP films which will offer enhanced barrier, improved durability, greater dimensional stability dimensional stability,
n See stability, dimensional.
, higher yields and superior productivity. The scope of this program may be enhanced to include other new revolutionary film technologies.

Based upon the agreement between Toray and Bimo, Toray will have access to Bimo films for sales of selected Bimo films into the Japanese and North American markets. Toray is today operating the OPP films business under the Torayfan(R) brand name with operations in Tsuchiura, Japan (1500 tons/month capacity) and in North Kingstown, Rhode Island North Kingstown is a town in Washington County, Rhode Island, United States. The population was 26,326 at the 2000 census. The famous American portraitist Gilbert Stuart was born in the village of Saunderstown, located in the southern region of North Kingstown.  (3100 tons/month capacity). With the addition of the Bimo OEM in Europe (4100 tons/month), Toray now has a global presence in Japan, the USA and Europe.

Toray Plastics (America), Inc. is a leading manufacturer of polyester and polypropylene films for magnetic, industrial and capacitor capacitor or condenser, device for the storage of electric charge. Simple capacitors consist of two plates made of an electrically conducting material (e.g., a metal) and separated by a nonconducting material or dielectric (e.g.  applications as well as flexible and rigid packaging. The company is a subsidiary of Toray Industries, Inc., the world leader in synthetic fibers and textiles, carbon fibers, plastics, chemicals, pharmaceuticals and high performance films, with annual sales of $10 billion. For more information contact Toray Plastics (America), Inc., 50 Belver Avenue, North Kingstown, RI 02852-2596. Phone: (401) 294-4511. Fax: (401) 294-1480.

BIMO S.P.A.
Head Office:    Atessa (Chieti) -- c.da Saletti-Z.I. (central Italy)
President:      Dr. Massimo Francalanci
Capital:        21 billion lire
Business:       Manufacture and sales of OPP films
Capacity:       4100 tons/month
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Publication:Business Wire
Geographic Code:9JAPA
Date:Dec 8, 2000
Words:479
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