Industry News (Week of 10/16/06)
3M PATENT INFRINGEMENT LAWSUIT UPHELD BY JURYThe United States District Court in Minnesota has reaffirmed the favorable judgment won by 3M and 3M Innovative Properties Co. (a wholly owned subsidiary of 3M) in a patent infringement lawsuit against Avery Dennison Corp. involving pressure-activated adhesives for large-format graphics. The court denied Avery Dennison's post-trial motions seeking to set aside last December's jury verdict in favor of 3M. The court affirmed the jury's findings that 3M's patent is valid and infringed by Avery Dennison's EZ series fleet marking film. The court also affirmed that the permanent injunction prohibiting sales of Avery Dennison's EZ series fleet marking film is appropriate and remains in effect. Damages for Avery Dennison's product infringement prior to entry of the injunction will be determined at a later date.
For more information, visit http://www.3M.com .
DOW AUTOMOTIVE NAMES NEW FINANCE LEADERBob Meikle has been named finance leader for Dow Automotive, with responsibility for business finance support leadership to the global organization. Most recently, Meikle was a senior finance manager in Dow's Strategic Planning & Business Analysis Group. He replaces Jeff Tate, who has been appointed Investor Relations Manager for Dow in Midland, MI. With more than 25 years of experience at Dow, Meikle has financial management experience in many different areas of the organization. He previously served as finance manager in the Corporate Controllers Reporting Group, accounting manager for the Canadian region, controller for Dow Elanco Canada Inc., site cost leader and contract analyst. Meikle earned a degree in accounting and finance from the Northern Alberta Institute of Technology and holds a Certified Management Accounting (CMA) designation from the Society of Management Accountants of Alberta, Canada.
For more information, visit http://www.dowautomotive.com .
HEXION LIFTS FORCE MAJEURE ON FORMALDEHYDE & DERIVATIVES IN NORTH AMERICAHexion Specialty Chemicals has announced that its Phenolic and Forest Products Division has lifted its force majeure status for formaldehyde and formaldehyde-derived products in North America. With this action, Hexion eliminates any allocation restrictions for formaldehyde and formaldehyde-derived products in North America for all customers. The company had declared force majeure on Aug. 24 after being placed on allocation for methanol, a key raw material in the production of formaldehyde and formaldehyde-derived products. Methanol supply had been curtailed by operating outages at several major methanol production sites.
For more information, visit http://www.hexion.com .
TROY CORP. APPOINTS COLON G.M. OF EUROPEAN OPERATIONSTroy Corp. has announced the appointment Dr. Izzy Colon as general manager for its operations in Europe. In his new capacity, Colon will be responsible for all aspects of the company's operations in Europe and have profit/loss responsibility. In addition, he will work with the specific Business Unit Managers to develop and achieve their objectives for their businesses in Europe. Colon has 12 years of service with Troy and has had a number of management responsibilities at the vice president level. For 10 years, he managed Troy Corp.'s Science & Technology department; more recently, he served as general manager for Troy's Additives Businesses and its operations in Thailand.
For more information, call (973) 443-4200.