Printer Friendly

HOECHST CELANESE AND KMC FORM COOPERATIVE VENTURE

 HOECHST CELANESE AND KMC FORM COOPERATIVE VENTURE
 SHORT HILLS, N.J., June 23 /PRNewswire/ -- Hoechst Celanese


Corporation's PBI Performance Parts unit and KMC, Inc., a subsidiary of Cookson America, today announced they have formed a cooperative venture to develop and commercialize plain bearings made from polymer based materials. The agreement between the companies provides for future expansion into other fields.
 This cooperative venture capitalizes on KMC's experience in both Deflection Pad(TM) and plain bearing development and engineering technology and Hoechst Celanese's experience in polymer based materials development and manufacturing technology.
 "We are very enthusiastic about the opportunities that will result from the alliance of KMC engineering and design technology and Hoechst Celanese's materials technology," said Tom Stoudt, vice president of the Hoechst Celanese advanced technology group. "Together, we will be setting new standards in bearings performance," Stout added.
 KMC, Inc. President and CEO Russell Ide added, "The KMC/Hoechst Celanese venture creates a formidable alliance that couples revolutionary bearing technology with state-of-the-art polymer materials and manufacturing. The association with Hoechst Celanese will allow for international recognition and give KMC exclusive rights to a high performance plastics line in the plain bearings field."
 The bearings will be produced from a family of advanced materials developed by Hoechst Celanese based on Celazole (R) polybenzimidazole (PBI). This unique material has no known melting point and a glass transition temperature of 800 degrees Fahrenheit. In its sintered polymer form, Celazole(R) PBI has the highest known compressive strength of any commercial polymer, excellent tensile and flexural strength and resists the wear of constant friction.
 "We believe the Celazole-based products developed from this venture will provide potential customers with the full benefit of advanced technology, including development, design and manufacturing of value- added bearings," said Michael Woldanski, manager of Hoechst Celanese PBI Performance Parts business unit.
 Hoechst Celanese Corporation, a wholly owned subsidiary of Hoechst AG of Frankfurt, Germany, is a $6.8 billion (sales) corporation with leading positions in advanced materials and technologies, chemicals, fibers and film, and the Life Sciences. PBI Performance Parts is a unit of the company's advanced technology group which is responsible for the research, development and commercialization of new businesses and technologies.
 KMC, Inc., is a Cookson subsidiary, and internationally based group of companies, employing more than 13,000 people worldwide. Cookson companies manufacture specialized industrial materials and are world leaders in the electronic materials, engineered products, ceramics and plastics industries.
 -0- 6/23/92
 /CONTACT: Ann Frechette of Hoechst Celanese, 201-912-4930, or Joann Johnson of KMC, 401-392-1900/ CO: Hoechst Celanese Corporation; KMC, Inc. ST: New Jersey IN: CHM SU: JVN


PS-TQ -- NY074 -- 2982 06/23/92 16:17 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 23, 1992
Words:442
Previous Article:GERALD D. PROTHRO ELECTED AN IBM VICE PRESIDENT
Next Article:CARRIAGE'S CHAIRMAN ANNOUNCES SERIOUS ILLNESS
Topics:


Related Articles
HOECHST CELANESE DEVELOPING MAJOR PLASTICS RECYCLING COMPLEX AT ITS SPARTANBURG, S.C., PLANT
/C O R R E C T I O N -- HOECHST CELANESE/
/C O R R E C T I O N -- HOECHST CELANESE/
Fortron Industries.
HOECHST CELANESE DYES BUSINESS EXPANDS RECYCLING PROGRAM
HOECHST STRENGTHENS POSITION IN CHINA
HOECHST CELANESE, HERON INC. FORM NEW COMPANY TO PROVIDE CONTRACT SYSTEMS PERSONNEL
HOECHST AG, HOECHST CELANESE AND RELIANCE EXECUTE MEMORANDUM OF UNDERSTANDING CONCERNING PROPOSED TECHNICAL FIBERS JOINT VENTURE
HOECHST CELANESE AND CHINESE JOINT-VENTURE PARTNER DEDICATE NEW CELLULOSE ACETATE FLAKE FACILITY AT NANTONG
Hoechst Group To Be Split Into Two Separately Listed Companies; CEO Juergen Dormann: Decisive Step in the Implementation of Our Strategy.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters