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AspenTech honors Owens Corning with Customer Innovation Award
WASHINGTON (October 28, 2002) - Aspen Technology, has honored Owens Corning with its first Aspen Technology Customer Innovation Award. The award recognizes Owens Corning's application of AspenTech's manufacturing solutions to increase the profitability of its roofing and insulation plants.
"Owens Corning's determination to innovate has yielded technological breakthroughs that have delivered strategic value to their organization," said David McQuillin, President and CEO of AspenTech. "The company has demonstrated how technology can be a key enabler for process manufacturers seeking to achieve operational excellence in their manufacturing and supply chain operations." According to Owens Corning, the AspenTech solutions are enabling it to optimize complex processes-such as melting, fiberizing, oven drying and curing of glass fiber insulation. Owens Corning said the processes are subject to major disturbances and are difficult to fully control, but are important contributors to its overall profitability. In addition, the AspenTech solutions are also decreasing production of off-spec products and lessening downtime for Owens Corning. Owens Corning said results from its initial implementation include: Six Sigma level of performance in all key process metrics; 40-60% decrease in gross manufacturing variability; measurable improvement in average process efficiencies; increased employee productivity; and direct cost savings in raw materials, energy, and waste reduction. To achieve these results Owens Corning said it incorporated applications of AspenTech information management and advanced process control solutions within its everyday shop floor operations at two plants. Following success with those applications, Owens Corning said it is now standardizing its worldwide roofing and North American insulation plants on the technology. The solutions are designed to integrate with Owens Corning's enterprise resource planning (ERP) system and complement its Six Sigma initiatives for improved efficiency. "The success of this project has been a reflection of the strategic alliance between AspenTech and Owens Corning," said Don Kosanka, Vice President, Information Systems, Owens Corning. "Together, we have been able to gain a greater understanding of our most complicated processes, and to develop technologies that optimize their performance. The dramatic productivity and quality improvements we achieved as a result speak for themselves."
ChemConnect introduces next generation marketplace HOUSTON, Texas (September 23, 2002) – ChemConnect, an e-marketplace for the chemicals and plastics industry, has introduced a next-generation electronic marketplace with a series of enhancements designed to deliver greater benefits through faster trades and access to broader audiences for buyers and sellers of products such as natural gas liquids (NGLs), aromatics, oxygenates, olefins and related products. Lubrizol Acquires Brose Foam Control BusinessCLEVELAND, Oct. 31 -- The Lubrizol Corporation announced that it has completed the acquisition of Intermountain Specialties, Inc. (d.b.a. Brose Chemical Company). Brose's foam control chemicals are sold to food processing and fermentation customers in North America. Annual sales are approximately $4 million. DuPont Reports Fourth Quarter DividendWILMINGTON, Del., Oct. 30 -- DuPont today declared a fourth quarter common stock dividend of 35 cents per share, payable Dec. 14 to stockholders of record Nov. 15. This dividend is the same as that paid in the third quarter 2002. This is the 393rd consecutive quarterly dividend since the company's first dividend in the fourth quarter of 1904. Agrium: Third Quarter Results Meet Expectations While Industry Outlook ImprovesCALGARY, Alberta--Oct. 29, 2002-- Agrium Inc. announced today that its third quarter net earnings were $1-million (a loss of $0.01 per common share), a significant improvement over the net loss of $17-million (a loss of $0.17 per common share) for the third quarter of 2001. This is consistent with First Call consensus estimates of a loss of $0.01 per share. Vos Logistics taps TranswideTHE NETHERLANDS (October 29, 2002) - Vos Logistics, an asset-based logistics provider, is to gain one-to-many electronic communication following its link to Transwide, a logistics hub based in Europe. FMC Corporation Announces Refinancing PlanPHILADELPHIA, Sept. 19 -- FMC Corporation announced today that it is commencing a refinancing that is expected to include: a new $550 million senior secured credit agreement, consisting of a three-year revolving credit facility and a five-year term loan; a $300 million offering of senior secured notes due in 2009; and a $40 million supplemental letter of credit facility. OM Group, Inc. Revises Third Quarter EstimatesCLEVELAND, Sept. 19 -- OM Group, Inc. today announced that, based on preliminary estimates, it expects earnings per diluted share for the 2002 third quarter will be below its prior earnings guidance of $.89 to $.94 per share. Chemicals sector participates in rollout of National Strategy to Secure CyberspacePALO ALTO, California (September 18, 2002) - The Chemicals Sector Cyber-Security Information Sharing Forum (Forum), a broad cross-section of trade associations and individual companies within the chemicals sector, have participated in the unveiling of the President's National Strategy to Secure Cyberspace. IDC: IT security spending poised to soarSpending on IT security is projected to grow at twice the rate of other IT spending, according to a new study from IDC that projects the market for IT security and business continuity solutions will double by 2006. Apogee 2nd Quarter Earnings Exceed Expectations On Lower RevenuesMINNEAPOLIS--Sept. 18, 2002--Apogee Enterprises, Inc., which develops and delivers value-added glass products and services for the architectural, automotive and large-scale optical industries, today announced that second quarter fiscal 2003 earnings were $0.30 per share, or $8.6 million, versus $0.36 per share, or $10.3 million, in the fiscal 2002 second period. Pacific Sands Inc. Expands Product Line and Focuses on Future MarketsCLOVIS, Calif. --Sept. 18, 2002--Pacific Sands Inc. announced the expansion of its product line for 2002 and beyond. DuPont Titanium Technologies launches new portalWILMINGTON, Delaware (September 18, 2002) - DuPont Titanium Technologies has launched a collaboration and knowledge portal designed to provide members with personalized information and tools that will make it easier to do business. Deloitte Consulting teams with IBM to deliver SAP solutions to the chemicals industryLONDON (September 18, 2002) - Deloitte Consulting has teamed with IBM to provide DC Chemicals (Deloitte Consulting Chemicals) on IBM’s eServer. DuPont Sourcing selects AspenTech Enteprise PlatformCAMBRIDGE, Massachusetts (September 13, 2002) – DuPont Sourcing has selected Aspen Technology’s Aspen Enterprise Platform (AEP), as a corporate standard. According to the partnering companies, the platform will integrate manufacturing and enterprise resource planning (ERP) applications globally across its DuPont Sourcing’s Fluoroproducts and Titanium Technologies business units. Plasticsgrid and IQMS partner to provide ERP II Software to European plastics processorsSTOCKHOLM, Sweden (September 17, 2002) - Plasticsgrid, a provider of e-commerce services to the European plastics industry, has formed an agreement with IQMS, a provider of enterprise software (ERP) to the North American plastics industry. Under the terms of the agreement, Plasticsgrid will provide IQMS sales and service to European manufacturers. Symyx Technologies and Kurt J. Lesker Company Enter into Instrument Licensing AgreementSANTA CLARA, Calif. & CLAIRTON, Pa. --Sept. 19, 2002--Symyx Technologies, Inc. and Kurt J. Lesker Company (KJLC) announced today they have entered into a worldwide, non-exclusive license of selected Symyx patents and technology that will enhance the performance and capabilities of KJLC's CMS-A and CMS-18 thin-film deposition tools. Entegris Names Greg Morris as President of its Data Storage Market SegmentCHASKA, Minn. --Sept. 17, 2002--Entegris, Inc. today announced the appointment of Greg Morris as president of its data storage market segment. Entegris' data storage market segment is responsible for the development, marketing and support of products and services that safely transport and store over 90 percent of the world's output of disk drive components. The company will showcase its products and services in this market at Diskcon 2002 in San Jose, Calif., Sept. 18-19. Equistar Chemicals and Procter & Gamble Sign Licensing and Collaboration Agreement for New Catalyst Technology for ElastomersHOUSTON, Sept. 17 Equistar Chemicals, LP, today announced it has signed a licensing and collaboration agreement with The Procter & Gamble Company to develop and commercialize a new metallocene catalyst technology that creates an elastomeric resin using propylene as a feedstock. Elastomers provide elasticity to products such as athletic clothing, consumer packaging and impact-resistant automotive and industrial components. Kaneb Announces AcquisitionsDALLAS-- Sept. 18, 2002--Kaneb Pipe Line Partners, L.P. Kaneb announced today that its ST Services partnership had completed an acquisition of eight bulk liquid storage terminals in Australia and New Zealand from Burns Philp & Co Ltd. ("Burns Philp"). Gas Control Equipment selects Intentia’s Movex Collaboration ApplicationsSTOCKHOLM, Sweden (September 16, 2002) – Gas Control Equipment has entered into an agreement with Intentia International, a provider of collaboration and enterprise software and services, for implementation of Intentia’s Movex Collaboration Applications (V12).
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