CIBA-GEIGY, PHILLIPS PETROLEUM IN JOINT VENTURE

  Ciba-Geigy AG &lt;CIGZ.Z> said it would
  establish a joint venture with Phillips Petroleum Co. In Europe
  to manufacture a high performance engineering thermoplastic.
      Initially, the Swiss chemicals firm will manufacture
  polyphenylene sulfide compounds using resins from Phillips.
      The two firms will later set up a joint venture to produce
  the polyphenylene resins and compounds, which will be marketed
  independently under their respective trademarks. A Ciba-Geigy
  spokesman declined to say how much the venture would cost.
      Polyphenylene sulfide is widely used in the electronic,
  automotive, and petroleum fields.
  

