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Planet Polymer Announces Third Quarter Results
SAN DIEGO--Nov. 6, 2001--Planet Polymer Technologies Inc. today reported its financial results for the third quarter, reflecting continuing progress to secure commercial success for the company's Metal Injection Molding ("MIM") feedstock technology.
The company reported revenues for the three months ending Sept. 30, 2001 of approximately $153,000 and a net loss of ($0.03) per share versus approximately $77,000 and ($0.02) per share respectively, for the like quarter of 2000. For the nine months ending Sept. 30, 2001, revenues were approximately $313,000 and net loss was ($0.11) per share versus $617,000 and ($0.11) per share respectively, for the nine months of 2000. Commenting on the third quarter results, company President Rick Bernier stated, "We have seen progress in the MIM commercialization program. Planet has also received a royalty payment from Agway for the fruit coating technology in October 2001." Planet Polymer Technologies Inc. is an advanced materials company that develops and licenses unique water-soluble polymer and biodegradable materials with broad applications in the fields of agriculture, industrial manufacturing and specialty packaging. Except for the historical information contained herein, this news release contains forward-looking statements which involve risks and uncertainties, including the risk that actual results could differ materially from the results that may be indicated by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the development and market acceptance of new products and technologies, and market conditions as well as other risks detailed from time to time in Planet Polymer's SEC reports, including the report on Form 10-KSB for the year ended Dec. 31, 2000.
To the Editor, As you rightly point out in your Oct 25 editorial entitled "Win/Win, Lose/Lose," the marketing spin and posturing of public marketplaces and consortia in the chemical industry are being tested by end users that want to maintain their competitive edge and receive a fast ROI. To the Editor,My views might not be considered neutral, with OxyChem's equity participation in Envera, but "Hub-to-Hub" connectivity was always in Envera's plans. As a founding Envera member and as an early adopter of B2B connectivity utilizing XML (in production since November 1999) OxyChem strongly endorses the need for "Hub-to-Hub" connectivity, both inter- and intra-Industry. Consider the real flywheel effects of connecting two hubs within the Chemical sector. In addition here are four thoughts on why this would be a positive step: ChemSW introduces new version of its Sample Tracking and Inventory SoftwareFAIRFIELD, California (October 29, 2001) - ChemSW chemsw.com has introduced a new Oracle version of STIS Sample Tracking and Inventory System, for the monitoring of samples and work throughout the laboratory. STIS is designed to enable users to register samples, create work lists, assign tests, enter test results and check progress and status, with complete audit trail and reporting. According to ChemSW, tests can be assigned to a single sample or to a batch of samples at once. BP Completes Deal To Strengthen Core Polymers BusinessesLONDON (November 1, 2001) - BP has completed its deal with Solvay, announced in December 2000, significantly strengthening its core polyolefins businesses in Europe and the USA. Buckeye Enters Joint Venture With Z Pellet EnterprisesMEMPHIS, 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. American Vanguard Announces Record Third Quarter ResultsNEWPORT BEACH, Calif.-- Nov. 1, 2001--American Vanguard Corporation today reported financial results for the third quarter and nine months ended September 30, 2001. BP Solvay Polyethylene North America Names Foster Brown PresidentHOUSTON--Nov. 1, 2001--Foster Brown has been named president of BP Solvay Polyethylene North America, a new joint venture for the production of high density polyethylene (HDPE) between Solvay Polymers Inc. and BP Amoco Polymers Inc., effective Nov. 1, 2001. Hyprotech Appoints New President for European Headquarters; Cesc Batlle to Lead Hyprotech's Europe, Middle East and African OperationsCALGARY, Alberta, Canada--Nov. 2, 2001--Hyprotech is pleased to announce the appointment of Mr. Cesc Batlle as president of Europe, Middle East and Africa (EMEA), heading up the company's European Operations. Batlle's primary role will be to assure customer satisfaction and growth within EMEA, as well as to continue to provide a challenging and rewarding environment for all Hyprotech employees in the region. Airgas Completes Sale of Two Nitrous Oxide Plants and Related BusinessRADNOR, Pa.--Nov. 2, 2001--Airgas, Inc. announced today the completion of the sale of two nitrous oxide production facilities and related business to Air Liquide America Corporation. The transaction, which was originally announced on October 3, received provisional approval from the Federal Trade Commission last Friday. Rohm and Haas Acquires Flexible Packaging Adhesives Business From Benjamin MoorePHILADELPHIA, Nov. 2 -- Rohm and Haas Company announced today the acquisition of the flexible packaging adhesives business of Technical Coatings Co., a subsidiary of Benjamin Moore & Co. of New Jersey. The transaction price was not disclosed. Celanese Chemicals to Shut Down Its Vinyl Acetate Unit in Edmonton. Cangrejera VAM Unit to Remain OperationalDALLAS, Nov. 2 -- As part of the company's ongoing performance and process improvement efforts, Celanese Chemicals, the chemicals business of Celanese AG, has announced it will shut down its 85,000 ton capacity VAM unit in Edmonton, Canada by the first quarter of 2002. Chase Corporation Acquires TapecoatBRIDGEWATER, Mass.--Nov. 2, 2001--Chase Corporation today announced that it has concluded the purchase of certain assets of Tapecoat, a Division of TC Manufacturing Co., Inc. of Evanston, Illinois. Tapecoat is a provider of protective coatings for the transportation, marine and geo-synthetics industries and for underground oil, gas and water pipelines. Tapecoat is expected to report sales of about $9 million for 2001. The company recently celebrated its 60th anniversary. Hercules Executive Officers File CertificationWILMINGTON, Del.-- Aug. 19, 2002--Hercules Incorporated today filed its Quarterly Report on Form 10-Q for the second quarter 2002. Rohm and Haas Temporarily Reduces Supply Of Methyl Methacrylate Monomer (MMA)PHILADELPHIA, Aug. 19 -- Rohm and Haas Company today said that an unexpected power outage damaged production equipment at its Deer Park, Texas, methyl methacrylate (MMA) facility and caused the company to temporarily reduce its supply of that raw material. The company said it expects to restore production within the week and return to full supply levels within 8 weeks. Ecolab's Baker Promoted to President and Chief Operating OfficerST. PAUL, Minn.- -Aug. 20, 2002--Ecolab Inc. announced that, effective immediately, Douglas M. Baker, Jr. has been promoted to President and Chief Operating Officer. In this position, all business units will report to him. Baker previously served as President - Institutional Sector, and was responsible for the Institutional, Kay and Textile Care businesses. He has held previous leadership positions with Ecolab's Institutional, Kay and European operations. webMethods launches two solution suites for EDI-based operationsFAIRFAX, Virginia (August 20, 2002) - webMethods, a provider of integration software, has launched two new solution suites designed to enable global organizations to upgrade and expand current EDI-based operations by leveraging the webMethods integration platform to gain end-to-end, enterprise integration for automated business processes. Slovnaft: A Middle European refinery’s experience with e-procurementSlovnaft is a refinery and petrochemical company based in Bratislava in the Slovak Republic. Since being privatized in 1992, the formerly state-run company has worked aggressively to modernize and adopt Western business practices, including creating a series of subsidiaries and launching a Strategic Partnership with MOL, one of Hungary’s biggest corporations, in 2000. Transaction hubs turn two, but future cloudyIt’s hard to believe, but Elemica announced the other day that it is celebrating its second anniversary. It’s a milestone worth noting, for it says a great deal about the current state of e-business in the chemical industry. Urecoats Industries Announces Second Quarter Results; Company Continues its Sequential Quarter-by-Quarter GrowthDEERFIELD BEACH, Fla. --Aug. 20, 2002--Urecoats Industries Inc., a technology-driven sales, marketing and product development company, today reported results for the second quarter ended June 30, 2002. ChemFirst Inc. Announces Quarterly Cash DividendJACKSON, Miss. --Aug. 20, 2002--ChemFirst Inc. announces a quarterly cash dividend on common stock of 10 cents per share, payable September 20, 2002, to shareholders of record at the close of business September 5, 2002.
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