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Bayer to manage price risk with online tool
WAYNE, Pennsylvania (December 3, 2002) -- Bayer Corporation has signed an agreement to access Planalytics GasBuyer, a Web-based risk management tool for purchasing and hedging natural gas.
"The GasBuyer tool will help us manage our natural gas price risk and reduce our
gas costs by providing a perspective on where the market is heading over the
next year," said Rick Piotrowski, Senior Procurement Manager, Energy for Bayer
Corporation. "With this perspective on the direction of future gas prices, the
GasBuyer is able to sort through the market's volatility and identify when it is
a good time for us to buy gas."
Planalytics executives said the company's GasBuyer technology uses proprietary, long-range climate forecasts and inventory change projections, weekly storage data, real-time NYMEX futures contract pricing, and advanced neural network technologies to evaluate gas prices for each of the following 12 months. Based on what it knows about future weather and how weather ultimately will impact the market, the technology determines if gas is currently "undervalued" or "overvalued" and then provides clients with daily buying, selling, and hedging actions that reduce risk and take advantage of opportunities presented by fluctuating prices. Planalytics said the tool's year-ahead view of the market allows clients to address their gas needs gradually, proactively, and cost-effectively while minimizing the negative effects of short-term price volatility. Planalytics (www.planalytics.com) is based in Wayne, Pennsylvania, and is dedicated to helping companies make more effective and profitable decisions by forecasting weather-driven changes in supply, demand and prices for products and services. Companies in a wide variety of industries use Planalytics technologies to capitalize on market opportunities and improve financial results by hedging the impacts of weather volatility. DuPont Reports Fourth Quarter Dividend WILMINGTON, 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). Grand Central Communications’ Web Services Network obtains SAP interface certificationSAN FRANCISCO, California (September 17, 2002) -- Grand Central Communications has announced that its Web Services Network has obtained SAP interface certification. Study finds e-learning and integration platforms yield greatest ROI in 2002A recent study by Nucleus Research, an independent research firm focusing on corporate IT investments, indicates e-learning solutions and e-business integration platforms are providing the greatest ROI for corporations in 2002. The study also identified e-commerce, B2B marketplaces, CRM systems and standalone content management solutions as some of the worst investments with regard to ROI.
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