24 April 2002 11:40 [Source: ICIS news]
LONDON (CNI)--Switzerland's Ciba Specialty Chemicals announced on Wednesday it has signed a co-marketing agreement with Japan's Asahi Denka Kogyo (ADK) for a nucleating agent invented and produced by ADK.
Ciba's plastic additives segment and ADK will market the product under their own trade names, Irgastab NA-11 and Adkstab NA-11 respectively. Each company will also distribute the product through their own sales channels. Financial details of the deal were not disclosed.
Ciba said it intends to market Irgastab NA-11 globally, using its facilities to produce customer-specific blends that allow easy handling and accurate dosing of the final additive package. The company also plans to develop formulations with other additives to meet specific application requirements.
Felix Meyer, global head of Ciba's plastic additives segment, said: "Expanding our range of nucleating agents is a logical step towards further broadening our offer to the polymer industry. The demand for nucleating agents is growing and we are pleased to be able to further strengthen our range with this high-quality product."
Megumi Tanigawa, managing director and director of sales at ADK, said: "The agreement with Ciba … will allow us to further expand the market of this novel nucleating agent for plastics manufacturing companies."
Nucleating agents are used to improve the physical and mechanical properties, such as heat distortion temperature and hardness, of semi-crystalline polymers. They also increase the overall rate of crystallisation of various polymers, including polypropylene (PP), polyamide and polyester, ensuring faster solidification of the molten polymer on cooling.
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