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Buckeye Enters Joint Venture With Z Pellet Enterprises
MEMPHIS, Tenn. Nov. 1, 2001--Buckeye Technologies Inc. announced today that it has entered into a joint venture with Z Pellet Enterprises, Inc. of Weldon, N.C. The new venture will focus on expanding the market for FuzZpellets, a pelleted cottonseed dairy feed. The new joint venture, CottonFeed, LLC, will provide marketing, manufacturing and process technology expertise to third party manufacturers who will produce the product.
FuzZpellets, a pelletized cottonseed produced by a patented, proprietary process, is currently being manufactured in Weldon, N.C. by Southeastern Protein, a licensee of the joint venture. Mr. David Ferraro, President of Buckeye Technologies, commented that "Over 4 million tons of whole cottonseed are sold to the U.S. dairy industry each year. FuzZpellets offers significant advantages. This new product flows more easily and has greater bulk density than whole cottonseed. This translates into transportation and material handling savings while delivering the nutritional benefits feed mills and dairy farmers require." In recent months Buckeye has introduced a partially delinted cottonseed dairy feed with the trademarked name CottonFlo(TM) which is gaining a significant following among major feed mills due to its nutrient density, flowability and cleanliness. FuzZpellets(TM) and CottonFlo(TM) are complementary offerings according to Michael Dunlow, President of Z Pellet Enterprises, Inc. "Both of these products deliver unique, desirable attributes to the dairy feed market," stated Mr. Dunlow. CottonFeed, LLC will assist third party manufacturers as they evaluate the market opportunities to produce both of these trademarked, value-added feed products. Manufacturing will take place in efficient facilities that are designed using the process technology definitions available from Buckeye. Buckeye, a leading manufacturer and marketer of specialty cellulose and absorbent products, is headquartered in Memphis, Tennessee, USA. The Company currently has facilities in the United States, Germany, Canada, Ireland and Brazil. Its products are sold worldwide to makers of consumer and industrial goods. Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting the Company's operations, markets, products, services and prices, and other factors. For further information on factors, which could impact the Company and the statements contained herein, please refer to public filings with the Securities and Exchange Commission.
Borouge prepares for start up of Polyethylene Plant in Ruwais ABU 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. ATG Announces the Appointment of Frank Chiu as CFOHayward, Calif.--Oct. 24, 2001--ATG, Inc., a leading multi-technology Radioactive Waste and Radioactive Mixed Waste treatment services, today announced a change in roles and responsibilities in its management structure. In a five to zero Board decision, the Company accepted the departure of its Vice President of Finance/Chief Financial Officer, Phillip Jordan, who has been with the Company since June 25, 2001. Elemica speakers outline challenges, imperativesPHILADELPHIA – Speakers at the Elemica Global Conference 2001 held here this week tackled a number of misconceptions about the connectivity hub and urged attendees to lend their support to the CIDX Chem eStandards, business process standardization and the integration of Elemica with other hubs to create a multi-industry network. Supply Chain Secrets – What to share and whenOperational performance improvements and bottom-line cost savings are driving many companies to develop closer ties to their supply chain partners via the Internet and extranets. But according to a new report from Forrester Research, “When to Share Supply Chain Secrets,” the trick is to know what information to share - and when. Eastman Announces Third-Quarter EarningsKINGSPORT, Tenn.--Oct. 25, 2001---Eastman Chemical Company today announced third-quarter 2001 earnings of $0.55 per diluted share excluding certain nonrecurring items versus $1.05 per diluted share excluding certain nonrecurring items for the same period in 2000. Including certain nonrecurring items, third-quarter 2001 earnings were $0.31 per diluted share. Airgas Reports EPS of $0.21 for Fiscal Second QuarterRADNOR, Pa.--Oct. 25, 2001--Airgas, Inc., today reported results for its second quarter ended September 30, 2001. Net earnings for the quarter were $14.6 million, or $0.21 per diluted share, compared to $13.9 million, or $0.21 per diluted share in the same period a year ago, on a pro forma basis. Omnexus launches German plastics news onlineZURICH (October 25, 2001) – Omnexus (omnexus.com), an e-marketplace serving the plastics industry, has launched a German plastics industry news service for users of the Omnexus German Web site. Omnexus is providing its German news through German news organization and plastics journal K-Zeitung. International Oil & Gas revises Web siteDALLAS (October 25, 2001) - International Oil & Gas has launched a revised corporate Web site at inoil.com. Calgon Carbon Announces Third Quarter Earnings WebcastPITTSBURGH, Oct. 26 -- Calgon Carbon Corporation announced today that it will hold a webcast on Wednesday, October 31 at 11:30 A.M., Eastern Time. Jim Cederna, Calgon Carbon's chairman, president and chief executive officer and Bill Cann, its chief financial officer, will review third quarter earnings. Eastman selects Wipro Technologies to provide technical solution wizardsBANGALORE, India (October 18, 2001) – Eastman Chemical Company has selected a series of Web based technical solution wizards from Wipro Technologies, a provider of IT services and solutions. The wizards are designed to aid Eastman's customers with product selection, product design and other technical support. Hercules Elects New Director; Gaynor N. Kelley Retires From BoardWILMINGTON, Del.--Oct. 29, 2001--Hercules Incorporated announced today the election of Robert D. Kennedy to the Company's Board of Directors. ChemFirst Inc. Buys Out TriQuest Investors - Elects Wilkison PresidentJACKSON, Miss.--Oct. 30, 2001--ChemFirst Inc. announces it has acquired the 12.5% minority interest of its TriQuest LP subsidiary formerly held by TriQuest employees. TriQuest is a major supplier and only North American producer of electronic grade resins used in production of 248 nanometer Deep Ultra Violet (DUV) photoresists for semiconductor chip manufacturing. DUV photoresists enable production of today's most advanced chips used in microprocessors, digital signal processors, and other devices for communications and connectivity applications. Avery Dennison Elects Bruce Karatz New DirectorPASADENA, 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. Eastman Chemical Company Donates Innovative Coating Technology To Eastern Michigan UniversityKINGSPORT, Tenn. and YPSILANTI, Mich., Oct. 29 -- Furthering its commitment to the advancement of higher education, Eastman Chemical Company today announced its donation of intellectual property covering thermosetting coating compositions to Eastern Michigan University's (EMU) Coating Research Institute. EMU will further develop the technology for commercial application. The patents included in the donation were valued using the Patent & License Exchange, Inc.'s (pl-x) highly acclaimed TRRU® metrics valuation tools. The estimated value of the technology was not disclosed. Trex Company Reports 16% Revenue Growth in Third QuarterWINCHESTER, Va.--Oct. 29, 2001--Trex Company, Inc., manufacturer of Trex(R)Easy Care Decking, today announced financial results for the third quarter ended September 30, 2001. Foster Wheeler Signs Letter of Agreement With ENAP for a $300 Million Chilean Coker ProjectHAMILTON, Bermuda--Oct. 29, 2001--Foster Wheeler Ltd. announced that one of its subsidiaries signed a letter of intent with Chilean state-run oil company, Empresa Nacional de Petroleo (ENAP), for the development of a delayed coker project on the site of an existing refinery CoolCan Technologies Inc. - Enters Into Funding AgreementCALABASAS, Calif.--Oct. 29, 2001--CoolCan Technologies Inc. (the "Company") announced today that it has entered into a funding agreement with Bay Financial S.A. ("Bay Financial"), a shareholder of the Company. Under the terms of the funding agreement, Bay Financial will have the right to provide up to $1,000,000 US of funding on a private placement basis in tranches over the next 12-month period.
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