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Akbank 5.000% A | LSE:16OG | London | Bond |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 100.25 | 0 | 01:00:00 |
RNS Number:5622Z Perstorp AB 27 February 2001 Perstorp and Matsushita Electric Works reach agreement on license manufacturing Perstorp and Matsushita Electric Works have reached an exclusive agreement regarding the production, development and marketing of new products in the amino thermosets segment. Within the framework of the agreement, Perstorp will have access to Matsushita's products and know-how in the field of high-performance amino materials for the electrical parts industry in markets outside Asia. Matsushita will have access to Perstorp's production-technology expertise, with a view to sharpening its efficiency. "We estimate that the products that we will begin to market will reach a sales level of approximately SEK 30 to 40 million within four to five years and to contribute to increasing our profitability. We plan to gradually add new proprietary products, in an effort to further strengthen our market position and differentiate our materials in the electrical parts segment," says Bengt Danielsson President of the Perstorp Chemitec division. Amino thermosets are widely known as materials with a competitive cost- performance ratio. As such they are often used for industrial and electrical parts thanks to their advantageous electrical and non-flammable properties. Other areas of use are dinnerware, sanitary products and medical appliances. The cooperation between Perstorp and Matsushita will result in technological advances and pave the way for an even greater increase In the competitiveness of amino thermosets in various applications. The Perstorp Group has developed global operations in specialized segments of the chemical and flooring markets. Matsushita Electric Works Group operates in a wide range, e.g. electronic appliances, and well known brands of the group are: National, Panasonic, Technics, Quasara and NalS. February 27, 2001 Perstorp AB Corporate Communications For further Information please contact Christian Bundy, Product Manager, Perstorp Compounds Phone: +46 435 37446
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