28th Feb 2005 07:00
3DM Worldwide PLC28 February 2005 Press Release 28 February 2005 3DM Worldwide plc ("3DM" or "the Company") Board change The Board of 3DM Worldwide announce the appointment of Peter Oldham as ManagingDirector of the Company with immediate effect. Peter Oldham was previouslyChief Operating Officer following his appointment to the Board in October 2004. Peter Oldham has extensive general and distribution management experience withblue chip companies such as Tesco and Woolworths. From 1998 to 2000 he wasManaging Director of Williaam Cox Plastics where he grew both market share andprofit in the three years before its successful sale and integration into theRobert Horne Group. Prior to this he was Managing Director of Bookpoint, a book distribution companywith a turnover of £90 million and a division of Hodder Headline, which waslater acquired by WH Smith plc. His most recent roles include the AccountDirectorship of the Volkswagen contract for TNT, and Managing Director of theDistribution Division of Unipart Automotive. Ken Brooks, Chairman of 3DM Worldwide plc, said: "In 2004 we stated that we werelooking to appoint a new CEO. The Company undertook a lengthy selection processand interviewed a number of highly qualified candidates. However, it becameclear during the process that Peter's level of understanding of the business,combined with his commitment to 3DM under his role of COO made him the bestcandidate and perfectly suited to the role of managing director. As executiveChairman, I welcome Peter to this new position on the Board and look forward toworking closely with him in achieving the Company's strategic objectives." - Ends - For further information: 3DM Worldwide PLC Ken Brooks, Chairman Tel: +44 (0) 1993 779 [email protected] www.3dmworldwide.com Media enquiries: AbchurchHenry Harrison-Topham Tel: +44 (0) 20 7398 [email protected] www.abchurch-group.com Notes to editors 3DM Worldwide plc is a leader in plastics technology intellectual property, andwas admitted to AIM in October 2002. 3DM acquired two plastics manufacturing processes in 2001: Powder ImpressionMoulding ("PIM") and 3-Dimensional Blow Moulding, the latter giving 3DM itsname. The PIM process allows the production of a strengthened plastic composite thathas the strength and other comparable properties of metal. It is a low pressuremoulding process suitable for the production of very large parts. There aremany varied applications in industry where there is a need for overall strengthand rigidity combined with weight savings. Significant capital and toolingsavings can be made, because the methodology of the process utilises anon-pressure method. There are many and varied potential PIM applications andit is ideal for those wishing to produce parts that may be large, light weightand durable. Specific applications include manufacturing of a wide range ofproducts in high volume global markets such as Building Products, Construction,Automotive, Marine, Aviation, and White Goods. 3DM's strategy with the PIM process is to offer this technology as analternative means of making large complex moulds, but also as a means ofreplacing alternative materials like metal or fibreglass. 3DM also believesthat the PIM process offers the potential for a significant rise in the use ofrecycled material to make a product which itself would be recyclable at the endof its useful life. The 3-Dimensional Blow Moulding process facilitates the manufacture of complexcomponents or component sub-assemblies of differing materials in a single mould.This reduces the number of parts in manufacturing, creating significant costsavings through diminished labour operations and attendant costs as well as areduction in the weight of cumulative parts. In addition, there is theopportunity to add non-plastic materials, and to vary the formula appropriate tocustomer requirements. Most of the exploratory work with this process has beenwith the automotive industry, where there is a constant need for more complexassemblies. This also applies to the medical industry, where similaropportunities exist, but with a wider spectrum of products. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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