Additives majors in B2B Internet venture

BATON ROUGE, La. (July 19)—Polymer additives suppliers Albemarle Corp., Cytec Industries Inc. and GE Specialty Chemicals Inc. will form a business-to-business Internet joint venture called PolymerAdditives.com L.L.C. The three companies will hold equal shares in the venture, which will operate an e-commerce site, www.polymeradditives.com, and offer order fulfillment and warehousing capabilities. Customers will be able to purchase Albemarle´s flame retardants and phenolic antioxidants, Cytec´s ultraviolet and other stabilizers and anti-static agents, and GE Specialty Chemicals´ phosphite antioxidants and impact modifiers in one transaction, Albemarle said in prepared statement.