WEST PATERSON, N.J. - Cytec Industries Inc. and DSM Resins BV have agreed to pursue a partnership for the production and sale of thermoset molding compounds. The partnership will enable both companies to extend their compounding activities outside their domestic markets using existing production plants and sales and distribution networks. Joseph Carfora, Cytec general manager, Polyester Molding Compounds Business, said he expects the deal to be completed by the end of October.
The letter of intent, announced Aug. 21, covers DSM's technologies for bulk molding compounds. Under this potential alliance, DSM Resins and Cytec will license their products to each other and manage joint technology development projects.
``The new and broader technology base ... is an outstanding opportunity to supply customers with better and more diverse products and services,'' Carfora said.
Specifically, Carfora foresees the partnership developing technology that would help both firms make BMC without damaging the fiberglass.
``Currently, glass does get damaged during the mixing and extrusion process,'' he said.
Carfora, who will oversee this project for Cytec, said he anticipates this technology to be in place by the latter part of 1997.
Cytec, based in West Paterson, anticipates sales growth in the automotive market, ``under-the-hood'' and automotive headlamp products, electrical products, as well as the potential to get into continuous molding compounds. Its Polyester Molding Compounds Business is located in Perrysburg, Ohio.
DSM Resins, which is headquartered in Zwolle, the Netherlands, has polyester molding plants in England, Italy, Germany and Spain.