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Avery Dennison Elects Bruce Karatz New Director
PASADENA, Calif.--Oct. 30, 2001--Avery Dennison Corporation today announced that its board of directors has elected Bruce Karatz as a director of the Company, effective as of November 1, 2001.
Karatz, 56, is chairman, president and chief executive officer of KB Home. Based in Los Angeles, KB Home is one of America's largest homebuilders. In addition, a majority-owned subsidiary of KB Home is one of the largest homebuilders in France and the company operates a full-service mortgage company. Formerly known as Kaufman and Broad Home Corporation, KB Home is a Fortune 500 company. "Bruce Karatz is an excellent addition to our board of directors," said Philip M. Neal, chairman and chief executive officer of Avery Dennison. "He is an outstanding executive who brings a wealth of marketing expertise, business innovation and international management experience to our board. Bruce's strategic vision and leadership have resulted in impressive growth at KB Home, and we look forward to his valuable insight as a member the board of directors at Avery Dennison." Karatz joined the corporate staff of KB Home in 1972 and was promoted to the position of president of its homebuilding business in France in 1976. In 1980, he returned to the United States to serve as president of all housing operations for the company, and was appointed chief executive officer in 1985. Karatz was named chairman of KB Home in 1993. He currently serves on the board of directors of Honeywell, The Kroger Company and National Golf Properties, Inc. Karatz has received numerous awards and honors, including the Legend Award in 2001 from the Home Builders Association of Northern California and Builder of the Year Award in 2000 from the Building Association of Southern California. Also in 2000, Karatz received the Distinguished Humanitarian Award from the B'nai B'rith Association. He was named Chevalier of the Legion of Honor by the president of the French Republic in 1999. In 1996, Karatz received the Spirit of Life Award from City of Hope National Medical Center and the Jack Webb Award from the Los Angeles Police Historical Society. He is active in a variety of leadership positions at nonprofit organizations, including serving as chairman of the Los Angeles World Affairs Council, California Business Roundtable and RAND Education. Karatz is a trustee of RAND in Santa Monica and Pitzer College in Claremont, Calif. He is governor of the Performing Arts Center of Los Angeles County. Karatz is a member of the Board of Councilors at the University of Southern California Law Center, Los Angeles Business Advisors and the Council on Foreign Relations in Washington, D.C. Karatz earned a J.D. degree in 1970 from the University of Southern California and a B.A. degree in 1967 from Boston University. Avery Dennison also announced that its board of directors has amended the bylaws of the Company to increase the size of the board from 12 to 13 members. Karatz will become the thirteenth member of the board. Avery Dennison is a global leader in pressure-sensitive technology and innovative self-adhesive solutions for consumer products and label materials. Based in Pasadena, Calif., the Company had 2000 sales of $3.9 billion. Avery Dennison develops, manufactures and markets a wide range of products for consumer and industrial markets, including Avery-brand office products, Fasson-brand self-adhesive materials, peel-and-stick postage stamps, battery labels, reflective highway safety products, automated retail tag and labeling systems, and specialty tapes and chemicals.
CIO Magazine recognizes 7 chemical companies in CIO-100 awards MIDLAND, Michigan (August 15, 2002) – Seven chemical companies have been recognized in the CIO-100 awards. The Dow Chemical Company, BP, Cabot, Eastman, FMC, PolyOne, and Quaker Chemical were all mentioned in the list that 100 annually honors organizations that distinguish themselves as leaders in business and technology innovation. This year's award focused specifically on 100 organizations that CIO said have shown exemplary integration across the enterprise. Dayton Superior Reports Second Quarter ResultsDAYTON, Ohio---Aug. 15, 2002--Dayton Superior today reported a 4.1% decline in sales for the second quarter of 2002 as compared to the second quarter of 2001. Sales totaled $106.5 million in the most recent quarter versus sales of $111.1 million reported in the year earlier period. Sales declined as the economic slowdown adversely impacted construction activity in the quarter. Employees at BASF's Geismar Site Set a New Safety RecordGEISMAR, La., Aug. 16 -- Employees at the BASF site here have established a BASF Corporation safety record by working 12 million hours without experiencing a day-away-from- work case. To achieve this, the 1,100 BASF employees at the site have worked since December 1997 without an accident requiring a day away from work. Cognis Signs Exclusive Licensing Agreement with Natural ASA for Tonalin CLADUSSELDORF, Germany-- Aug. 15, 2002--Cognis, a global specialty chemicals and nutritional ingredients company, and Natural ASA, a Norwegian research and development company, announced today that they have signed an agreement effective Sept. 1, 2002 which grants Cognis an exclusive license in the Key Markets, under Natural's Conjugated Linoleic Acid (CLA) intellectual property, technology, and know-how, and an exclusive license for the use of the Tonalin(R) trademark. ChevronTexaco and Invensys sign marketing agreement for PETRO Refinery Planning SystemFOXBORO, Massachusetts (August 16, 2002) - A unit of ChevronTexaco has signed an agreement with Invensys Production Management, a resource productivity company, designed to provide Invensys with global marketing rights for the PETRO Linear Programming (LP) refinery planning system. Georgia Gulf to Announce Third Quarter Earnings ExpectationsATLANTA, Aug. 19 -- Georgia Gulf plans to release third quarter earnings expectations on Monday, September 23, 2002, following close of market. The company will discuss third quarter expectations via teleconference and Webcast on Tuesday, September 24, 2002, at 9:00 AM EDT. Praxair Announces Joint Venture With Belgian Manufacturer of Steelmaking EquipmentDANBURY, Conn.-- Aug. 16, 2002--Praxair, Inc. today announced that it has formed a joint venture in Belgium to manufacture steel-refining equipment. Eurotech, Ltd. Plans Management ChangeFAIRFAX, Va. --Aug. 19, 2002--Eurotech, Ltd., www.eurotechltd.com, today announced that late in the day on Friday, August 16, 2002, Todd J. Broms, a Director and the President and Chief Executive Officer, notified the Company of his intention to resign all three positions. CIDX, GPA join forces to promote XML StandardsALEXANDRIA, Virginia (August 20, 2002) - The Chemical Industry Data Exchange (CIDX) and Gas Processors Association (GPA) have formed an agreement to collaborate on the adoption of XML-based standards within the gas processing industry and implementation of the Chem eStandards to facilitate electronic trade within and between the gas processing and chemical industries. Cap Gemini Ernst & Young introduces Quick ConnectPHILADELPHIA, Pennsylvania (October 22, 2001) – Cap Gemini Ernst & Young has launched Quick Connect, a packaged solution designed to allow buyers, suppliers and trading partners to leverage digital commerce. Cap Gemini Ernst & Young launched its product at the Elemica Global Conference 2001. Argonaut Announces Expansion of Senior Management TeamFOSTER CITY, Calif.-- Oct. 22, 2001-- Argonaut Technologies, Inc. today announced the promotion of Lissa Goldenstein to president and chief executive officer and the addition of Michael Moore to its management team, as senior vice president and chief operating officer. David Binkley, Ph.D. will remain chairman of the board of directors. Vulcan Announces Record Third QuarterBIRMINGHAM, Ala. --Oct. 22, 2001--Vulcan Materials Company today announced record third quarter 2001 sales, net earnings and earnings per share. For the quarter, net sales were $766.0 million, up 12 percent from last year's $681.2 million, and net earnings of $92.2 million, or $0.90 per share (diluted), were 7 percent higher than the $86.0 million, or $0.84 per share, achieved in the third quarter of 2000. AspenTech establishes Technology Advisory BoardCAMBRIDGE, Massachusetts (October 23, 2001) - Aspen Technology (aspentech.com) has established a Technology Advisory Board (TAB) to help provide strategic direction for the company’s long-term software development. According to AspenTech, the 13-member TAB will ensure the company’s software continues to utilize technical solutions to generate value for process industry customers. CheMatch and ForwardVue Technologies form strategic marketing agreementHOUSTON (October 22, 2001) – CheMatch.com (CheMatch.com), an Internet-based marketplace and information resource for buying and selling commodity chemicals, polymers, feedstocks and fuel products, and ForwardVue Technologies (forwardvue.com), a developer of supply chain risk management software solutions, have formed an agreement to co-market ForwardVue products to the chemical industry. Symyx Technologies Announces Grant of Patent for Parallel Pressure ReactorSANTA CLARA, Calif. --Oct. 24, 2001--Symyx Technologies, Inc. today announced the granting of a U.S. patent covering Symyx' Parallel Pressure Reactor, or PPR. Symyx uses the PPR for various research activities, such as polymer research, in its Industry Collaborations and internally funded programs. In addition, the PPR is an integral part of Symyx' Discovery Tools business through which it has been sold as a part of a polyolefins research workflow to Dow Chemical, ExxonMobil, Sumitomo Chemical and others. Symyx also earns royalties from the sale of the Endeavor, a product licensed to Argonaut Technologies, Inc. based on the Symyx PPR technology. DuPont Reports Fourth Quarter DividendWILMINGTON, Del., Oct. 24 – 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 2001. This is the 389th consecutive quarterly dividend since the company's first dividend in the fourth quarter of 1904. Borouge prepares for start up of Polyethylene Plant in RuwaisABU DHABI (October 25, 2001) - Borouge, a joint venture company between Abu Dhabi National Oil Company (ADNOC) and Borealis, one of Europe’s largest polyolefin producers, is gearing up for the official operations of its polyethylene plant in Ruwais which has been scheduled for the end of the year. Dow Reports Third Quarter EarningsMIDLAND, Mich., Oct. 25 -- Dow Reports Third Quarter Earnings ChemConnect unveils new e-commerce negotiation tools and servicesDUSSELDORF, Germany (October 25, 2001) – ChemConnect (chemconnect.com), a provider of end-to-end e-commerce solution for buyers and sellers of chemicals and plastics, has revealed a range of online negotiation tools and services on its Exchange Floor. Moldflow Reports First Fiscal Quarter 2002 ResultsWAYLAND, Mass--Oct. 24, 2001--Moldflow Corporation, the world leader in process wide solutions for optimizing the design and manufacture of plastic products, today reports results for its first fiscal quarter ended September 29, 2001. Revenue of $8.2 million for the first quarter of fiscal 2002 was down 7% from the corresponding quarter of fiscal 2001.
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