KING OF PRUSSIA, Pa., Dec. 11, 2012 (GLOBE NEWSWIRE) -- Altuglas International, a subsidiary of Arkema group, with its Plexiglas® and Altuglas® acrylic resins (Americas and Rest of World, respectively) and NatureWorks, a leader in the bio-plastics market with its Ingeo™ biopolymers derived from plants, have signed a global co-marketing agreement. The agreement is designed to deliver a range of newly formulated bio-based, high performance alloys based on polymethylmethacrylate and Ingeo™.
The new materials will be marketed by Altuglas International as Plexiglas®/Altuglas® Rnew biopolymer alloys. Primary co-marketing efforts for these materials will be for durable goods applications, where the Plexiglas®/Altuglas® brand is synonymous with high performance, durability and clarity.
The agreement grew out of the overwhelming response the two companies experienced during the National Plastics Exposition (NPE) last April, during which they jointly displayed examples of molded and thermoformed products made with their collaborative technologies for the durable goods market.
This unique range of resins affords customizable formulating latitude providing exceptional impact- and chemical-resistance properties. In addition, the resins offer a significantly reduced carbon footprint due to the Ingeo™ biopolymer content. These biopolymer alloys also feature lower processing temperatures and greater melt flow properties without compromising the optics, scratch resistance, color acceptance or surface aesthetics for which the Plexiglas® and Altuglas® brands are known.
The collaboration offers a compelling combination of properties designed to open new doors in the market, including significant opportunities for durable applications such as signage, lighting, consumer products, transportation, cosmetic packaging and large and small appliances.
"What makes this agreement so exciting is that two renowned, pioneering organizations are joining forces to combine some of the best in technology and market knowledge to foster new, high performing, yet sustainable, bio-based products," said Christophe Villain, Altuglas International president. "The agreement between these two leading companies will provide transparent, sustainable materials that meet durable application performance requirements. Altuglas International will compound and sell the Rnew portfolio, incorporating Ingeo™, directly into the market."
Marc Verbruggen, NatureWorks president and chief executive officer said, "By combining our respective reputations and strengths in biopolymers and acrylics, NatureWorks and Altuglas International will co-market clear materials that offer a complete package of innovative product performance. This is exactly what Ingeo™ was designed to offer."
Through the collaboration, Altuglas International and NatureWorks will pool resources to accelerate the introduction of these new high performance biopolymer alloys into the market.
Known as "acrylic glass", this polymer (polymethylmethacrylate) has exceptional optical properties, superior to that of glass. These properties have led it to become the material of choice across numerous industries, from the automotive industry to construction.
About Altuglas International, subsidiary of Arkema
Altuglas International, integrated world leader in PMMA, is highly involved in the technical plastics sector – from MMA monomer to PMMA acrylic glass. Altuglas International develops and produces new products to suit the needs of its customers worldwide. It employs 1,300 wholly dedicated staff, who contributes daily to the three business sectors (MMA, PMMA resins, and PMMA sheets). www.altuglasint.com
Rnew is a trademark of Arkema. Plexiglas® is a registered trademark of Arkema for the Americas and Altuglas® is a registered trademark for the rest of the word.
The Altuglas International / Arkema group logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=16208
NatureWorks LLC is a company dedicated to meeting the world's needs today without compromising the earth's ability to meet the needs of tomorrow. NatureWorks LLC is the first company to offer a family of commercially available, low-carbon-footprint Ingeo™ lactides and biopolymers derived from 100 percent annually renewable resources with performance and economics that compete with oil-based intermediates, plastics, and fibers, and provide brand owners' new cradle-to-cradle options after the use of their products. NatureWorks is jointly owned by Thailand's largest chemical producer, PTT Global Chemical, and Cargill, an international producer and marketer of food, agricultural, financial, and industrial products and services.
Ingeo™ and the Ingeo™ logo are trademarks or registered trademarks of NatureWorks LLC in the USA and other countries.
The NatureWorks logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=16209
CONTACT: Press contacts for Americas: Stan Howard, Altuglas International - Arkema group - USA Tel: (610) 205 7027 Email : email@example.com Steve Sterling, NatureWorks Tel: (952) 935-0078 Email: firstname.lastname@example.org Press contacts for Europe, Asia Pacific and Japan: Beatrice Troudet, Altuglas International / Arkema group - France Tel: +33 1 78 66 23 21 Email: email@example.com Nicoletta Secondi, NatureWorks - Europe; GB Network, Milano - Italy Tel: +39 02 76018402 Email: firstname.lastname@example.org Pauline Ning, NatureWorks - Asia Pacific and Japan Tel: +86-138 1650 1881 Email: email@example.com