Germany--(BUSINESS WIRE)--March 16, 2005--PolymersNet
Co. LTD and Cyclics Corporation are forming an alliance
to sell CBT(R) resin-based compounds and masterbatch
concentrate products in Korea. PolymersNet (www.polymersnet.com)
sees immediate potential for CBT resin in digital
products, mobile phones and sheet extrusion. For instance,
Korea produces more mobile phones than any other country
and the fast pace of product obsolescence pushes the
boundaries of material technology each year. CBT resin
may be able to satisfy that need acting as a flow
enhancer to make more intricate parts, the matrix
in highly filled conductive plastics, or improved
stiffness and dimensional stability afforded with
Cyclics CBT resins are a cyclic or small ring-shaped
molecular form of polybutylene terephthalate (PBT),
a well known engineering thermoplastic. From a practical
standpoint it is a form of PBT that melts at a much
lower temperature and a radically lower viscosity--similar
to that of water. The ability to "wet out"
fillers, especially nano particles, promotes better
dispersion and enhanced compatibility with engineering
resins like PBT, PET and PC. It has been referred
to as a higher temperature polyester wax offering
an alternative to popular "olefin waxes"
with a unique set of compatibility and dispersion
"We have had
good success utilizing our CBT resin for the compounding
and masterbatch markets in Europe and North America,"
said John Ciovacco, Head of Global Marketing for Cyclics
Corporation. "PolymersNet has the relationships
to distribute our material effectively in Korea and
also provide the technical development and support
with their customers."
PolymersNet has worked
hard to establish itself as a global player in the
development and delivery of high value plastic products.
This relationship with Cyclics is further evidence
that their capabilities are being recognized on the
"The market in
Korea is moving towards higher value products to differentiate
it from the emerging commodity markets in places like
China," said Justin Jin, President and CEO of
PolymersNet. "The time is right for a product
like CBT resin that can really enhance the characteristics
of commodity plastics through viscosity modification,
reactive extrusion and nano composite concentrates.
We are proud to play a key role in the introduction
of this new and exciting product in Korea."
Cyclics first CBT
resin plant, in Schwarzheide, Germany, will achieve
an annual rate of over 10 million pounds in 2006.
By the fourth quarter of 2005, Cyclics will announce
the location of their second plant, expected to have
an annual capacity of 50-100 million pounds. There
has been no decision as to the new plant's location,
with a number of sites currently being considered.
headquartered in Schenectady, New York, U.S.A. and
its wholly owned subsidiary, Cyclics Europe GmbH based
in Schwarzheide, Germany, manufacture innovative plastics
that offer breakthroughs in processing, making new
products possible and changing the economics of existing
ones. The water-like processing viscosities of Cyclics'
engineering thermoplastic products offer improvements
in performance and productivity for structural composites,
compounding, casting, nanocomposites, coatings and
rotational moulding. Cyclics has alliances with Ahlstrom
Glassfibre Oy, Alcan Composites, BASF, Davy Process
Technology, Dow Automotive and The P Group.
PolymersNet Co. LTD,
headquartered in Seoul, Korea was established in 2000
to supply knowledge and technical support to the Korean
engineering plastics market. The company has had strong
growth and includes a well equipped technical center
and pilot plant to support market gaps for new plastic
products. PolymersNet enjoys strong support from the
Korean government who value their global activities
that benefit the country's industrial base. PolymersNet
represents materials from global suppliers like PolyOne,
Teijin, Nanocor, PolyPlastics, Asahi Kasei and others.
PolymersNet works directly with the end users to supply
innovative plastics solutions and materials to companies
including Samsung Electronics, LG Electronics, Hyundai
Motors, Hyundai Mobis, Mando (Siemens), and GM Daewoo.
(R) CBT is a Registered
Trademark of Cyclics Corporation.
Cyclics Corporation, Schenectady
Tim Ullman, 518-881-1411
PolymersNet Co. LTD
Justin Jin, +82 (2) 2107-8166