Apr 27 2004
The Cyclics Corporation named the P-Group, headquartered in Ferrara, Italy as the sole compounder of CBT® resin-based materials for the European rotational molding market. In exchange for this exclusive agreement, the P-Group has agreed to purchase significant volumes of Cyclics’ CBT resin for the next few years. The experience and capacity of the P-Group in a multitude of resin systems could lead to more novel technologies and broader market penetration. This agreement commits a significant portion of the Cyclics resin plant currently under construction in Schwarzheide, Germany. The plant is expected to be completed by the end of 2004 and will have an initial annual capacity of 2500 metric tonnes (5.5 million pounds), with plans to double the capacity in 2006. Additional terms of the agreement were not available. CBT resin has been demonstrated to make parts in traditional rotational molding equipment with better surface finish, fiber reinforcement, and improved gasoline barrier properties over traditional rotational molding plastics.
“The technical and marketing expertise of the P-Group in engineering plastics together with our supply of CBT resin will drive growth for both companies in the years to come,” said Roman Eder, Managing Director for Cyclics Europe GmbH. “Our alliance with the P-Group gives us the ability to take advantage of the growing rotational molding market for our resin,”
“Cyclics’ resin offers a great opportunity for us to leverage our processing expertise to formulate products for rotational molding applications.” remarked Vittorio Bortolon, President of P-Group. “The exciting benefits that CBT resin brings in easier processing and improved performance will open up new markets and applications.“
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