A-M Polymers terms of first contract:
The agreement, valid for an initial 5-year term and automatically renewable if the general conditions are met, grants A-M Polymer Industries s.r.l., exclusivity for the entire Middle East. In return, A-M Polymers will acquire all equipment and raw materials, forecasted at 8,000 tons per year for their first manufacturing plant, exclusively from Alcar Chemicals Group Inc. The agreement guarantees raw material costs at 10% below posted market prices to A-M Polymers and a $0.25/Kg (11.36 cents U.S. per pound) Royalty fee, payable quarterly, to ACMG, for formulations and on the resale of raw materials.
Second contract:
The second A-M Polymer facility planned in Turkey will come online next summer according to M. Terki and will require between 10,000 and 12,000 tons per annum of ethylene glycol and propylene glycol, the "green polyols" manufactured by ACMG. "M. Terki had made me part of his plans and I knew that A-M Polymer was in full expansion, especially with its recent homologations for construction and naval applications, but I didn't expect such an additional contract this fast," said Alexander Cavasin, CEO of Alcar Chemicals Group. "I will be meeting M. Terki next week in Geneva to propose a single contract to include supply scheduling for both facilities. The production of 20,000 tons annually will require three reactors, A-M polymer will have to work with us on a ramp-up schedule as to avoid any shortages; I agree it is a nice problem to have, nonetheless, it requires extra planning and additional funds to respond to the increased demand," further added Dr. Cavasin.
Who is this Time Being, and why are we always doing things for it?
