Applied Extrusion Expects Loss
07/03/00 High crude oil prices are having a significant impact on resin prices. Applied Extrusion Technologies, a plastics extruder, expects a loss because of higher raw material prices. Memry to Trade on AMEX
07/03/00 Memry, a maker of products based on shape memory alloys, will begin trading on the American Stock Exchange in July.
Brunswick Tender Offer Complete
06/30/00 CertainTeed has successfully completed its tender offer for the outstanding shares of Brunswick Technologies. CertainTeed now holds 80% of the shares, and has extended an additional offering period. Cytec Consolidates Supply Chain
06/30/00 Cytec is consolidating its Supply Chain programs, with an expected annual savings of $10 million. CSI to Acquire Anchor Reinforcements
06/30/00 Composite Solutions Inc. (CSI) has entered into a Letter of Intent to acquire Anchor Reinforcements. Anchor manufactures non-woven unidirectional fabrics. Summa Licenses Foam Technology
06/20/00 Summa has licensed a microcellular foam injection molding process developed at MIT. The first application will be the manufacture of a new reflector. Brunswick and CertainTeed to Merge
06/14/00 Brunwsick and CertainTeed have entered into a definitive merger agreement under which CertainTeed will acquire Brunswick for $8.50 per share. Scaled and VSC Form Alliance
06/12/00 Scaled Technology Works and V System Composites (VSC) have formed an alliance to exploit VSC's low-cost VARTM process. Under the deal, Scaled will use the process at its production facility. Owens Corning Cuts Costs
06/05/00 Rising oil prices and interest rates are cutting into sales of building products, forcing Owens Corning to reduce internal costs. Sales of composites remain strong. Fiber Innovations Marine Contract
06/03/00 Fiber Innovations has won a contract to manufacture launch tubes for the Marine Corps' SMAW-HEDP ground weapon system. The tubes are manufactured using a braiding and RTM process. Memry Receives Payment
07/06/00 Memry has received initial payment from United Stenting for work done on development of stent technology. Additional payments may be received under the collaboration agreement. Composite Lumber Patent
06/05/00 US Plastic Lumber received broad patent coverage for its extruded wood polymer composite and method of manufacture. Owens Corning Provides Update on Financial Reorganization
04/30/01 Owens Corning says it is proceeding smoothly with its Chapter 11 reorganization process. A Futures Representative for asbestos claimants is exptected to be selected in the second quarter. Hexcel CEO Steps Down for Cancer Treatment
04/30/01 Hexcel CEO John Lee was recently diagnosed with cancer. He will be stepping down as CEO so he can concentrate time and energy on his treatment. Trex Sales and Earnings Continue to Grow
04/25/01 Composite lumber manufacturer Trex reported higher sales and earnings for the first quarter of 2001. Increases are planned for both sales staff and production facilities. Brunswick Cutting Back on Boat Operations
04/25/01 Faced with lower sales and earnings, Brunswich has made permanent reductions in its boat manufacturing business. DuPont Hurt by Energy and Raw Material Costs
04/25/01 Rising raw material and energy costs were partially responsible for lower profits at DuPont. It expects the slowdown in the chemicals and plastics industry to continue through the second quarter. Conoco Reports Record Earnings, Carbon Fiber Plans
04/23/01 Conoco reported record earnings for the fifth consecutive quarter. A contract has been signed for automation of the carbon fibers plant, and marketing efforts will begin in Western Europe. Hexcel Acquires Portions of Applied Fiber Systems
04/22/01 Hexcel has acquired certain assets of Applied FIber Systems. AFS produces continuous fiber reinforced thermoplastic composites. Hexcel Earnings Up on Increased Aerospace Sales
04/22/01 Hexcel reported an increase in earnings for the first quarter of 2001. Increased sales to aircraft manufacturers made up for weak demand in the electronics sector. Cytec Meets Earnings Expectations
04/22/01 Cytec just managed to meet earnings expectations for the first quarter of 2001. Despite demand and pricing pressures, sales of Specialty Materials increased 16%. Aldila Sales Down, Income Up
04/18/01 Aldila's 2001 first quarter sales were down from the first quarter of 2000. Income and earnings were up, though, because selling prices of shafts were up. EarthShell Faces Manufacturing Challenges
04/18/01 EarthShell is quickly running out of money as it tries to ramp up manufacturing of biodegradable food containers for McDonald's. Further problems, or the withdrawal of the McDonald's contract, could be disastrous for the company. EPX Bicycles Opens Factory in Atlanta
04/16/01 Malaysian bike manufacturer EPX Bicycles recently opened its first North American facility in Atlanta. EPX makes carbon composite mountain and street bikes. GE Plastics Gains Brand Recognition
04/16/01 GE Plastics has gained brand recognition through a new advertising campaign. The ads feature products made with GE plastics, such as the Volkswagen Beetle, and are run in many mainstream publications.
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