Alyn Files Chapter 7
08/01/00 Alyn Corporation, manufacturer of Boralyn metal matrix composites, has filed for Chapter 7 bankruptcy protection. Alyn Trading Halted
08/01/00 The NASDAQ has halted trading in Alyn Corporation pending a request from NASDAQ for information. No further details were given.
Some ATP Suit Details
07/28/00 As the deadline for filing a lead plaintiff motion in one of the ATP lawsuits approaches, Berman, DeValerio & Pease has issued a press release with a little more information about the accusations. Online Pricing for Test Services
07/28/00 Smithers Scientific Services has set up an online price quoting system for its materials testing services. Smithers specializes in the testing of polymers. Milacron Earnings Up
07/28/00 Milacron reported a 15% increase in second quarter earnings, helped in part by large gains in sales of equipment for processing composite lumber and other infrastructure products. Cytec Earnings Increase
07/24/00 Cytec reported a strong increase in second quarter earnings. Earnings from composites were up despite a decrease in sales. Firm Requests Class Action Status
07/24/00 The Desmond Law Firm announced that securities actions requesting class action certification have been filed against several firms, including ATP. ATP Suit Number Five
07/24/00 Berman, DeValerio & Pease has filed a class action suit against Advanced Technical Products. ATP Suit Number Four
07/20/00 Milberg Weiss has filed a class action suit against Advanced Technical Products. ATP Suit Number Three
07/20/00 Cauley & Geller has filed a class action suit against Advanced Technical Products. Hexcel Earnings Up
07/20/00 Hexcel reported increased income for the second quarter. Aerospace, space, and defense sales continue to be under pressure, but electronics and industrial sales showed strong gains. Another ATP Lawsuit
07/18/00 The legal feeding frenzy continues as yet another lawsuit has been filed against Advanced Technical Products and its subsidiary Alcore. Brunswick Offer Completed
07/18/00 CertainTeed has announced that the period for its second tender offering for Brunswick shares has expired. CertainTeed now holds 94% of Brunswick's shares. Kafus Enters Moulding Alliance
07/16/00 Kafus subsidiary CanFibre has entered into an alliance with FibreForm to sell a line of primed mouldings under the ALLGREEN brand name. Owens Corning Reports Loss
07/16/00 Owens Corning reported a large second quarter loss, resulting from an expansion of asbestos claims. Building products sales were down, but sales and income from Composites Systems increased. Another ATP Lawsuit
07/16/00 A second law firm has brought a lawsuit against ATP on behalf of its shareholders. As before, the suit alleges misleading financial statements were issued. Cytec Sells Catalyst JV
07/11/00 Cytec has sold its share of Criterion Catalyst to its joint venture partner, CRI International. Proceeds will be used to expand core business units and continue stock buybacks. Antitrust Investigations
07/11/00 The US Justice Department is currently pursuing several antitrust investigations, including carbon fiber price fixing. ATP Shareholder Suit
07/08/00 A shareholder lawsuit was filed against Advanced Technical Products Inc. (ATPXE) and its wholly owned Alcore Inc. unit. Few details were available. CanFibre Terminates Purchase Agreement
07/08/00 Kafus subsidiary CanFibre and Timber Products have terminated a purchase agreement for CanFibre's AllGreen MDF product. Alyn Board Members Resign
07/06/00 Two members of Alyn's Board of Directors have resigned. Alyn manufactures Boralyn, a metal matrix composite. CSI to Acquire K&C
07/06/00 Composite Solutions Inc. (CSI) has signed a letter of intent to acquire civil engineering firm Karagozian and Case Structural Engineers (K&C). Brush Wellman Increases Prices
07/06/00 Brush-Wellman has increased prices on most of its beryllium-containing bulk products. The release does not say whether this includes AlBeMet aluminum-beryllium composites. ATP to Sell Alcore
07/04/00 ATP has decided to sell honeycomb manufacturer Alcore, ostensibly to focus on its more profitable manufacturing divisions. No buyer has been identified. New Kafus Directors
07/03/00 Kafus voted in four new Board members during its annual meeting. Current Board members will retain their seats.
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