Company Profiles

Cirm Corporation Divisions, Manufacturing facilities, Plants, Offices worldwide

4 Polymers Divisions: Professional in

Engineered Polymers: Virgin resin, off-grade, reprocessed pellets, regrinds, scraps of all forms.

Recycled Plastics: Full range of recycled plastics, scrap, regrind, washed/dried, film, bales, rolls & etc.

Specialty Polymers & Composites: inquired information by email.

4 Polymers Divisions

AP Polymers: Reclamation program, processing centers/facilities, certified vendors/recycler, joint-venture program with large/small local recyclers, plastics molding partners, since 1983.

Alpha Polymer: Processing units for exports/imports, facilities in U.S.A., Canada, European facilities, Central America & Brazil facilities, since 1985.

C-Industries & Polymers (ALPAX)(A-hdoodbhaa): Molding divisions, specialized in automotive, electronic injection and extrusion molding, OEM parts, Domestics and Foreign molding facilities, ISO compliance and certified by various industries, since 1989.

Alpha-General Recycling:  Recycled Plastics, a partnership program with various recyclers in North America, sole supplier to the polymers divisions since 1988.

The parent company Cirm Corporation

Cirm Corporation's mission is a leader in its chosen fields of business, and thereby realize on a long-term basis a return on its invested capital substantially higher than its cost of capital.  In this way it aims to create value and provide the shareholders with a return on their investment commensurate with the risk involved, and so also to secure the continuity and independence of the corporation.

Although the Group companies are all among the leaders in their markets, these markets are nevertheless not that large and therefore the companies are relatively small in size.  Being a part of a larger and financially strong Group boosts the financial position of the individual Group companies.  The Group is able to provide the necessary parent company support to satisfy clients that all resources required will be available to perform the relevant contract to their satisfaction.

Within an agreed financial and strategic framework, management of Group companies have operational and entrepreneurial freedom.  This enables each Group company to position itself best to take full advantage of the possibilities offered in its markets.  At the same time, this relative freedom provides the optimum stimulus for the creativity and motivation of the people on the front line where in most cases the core competencies of the Group are vested.  To avoid conflicts of interest between Group companies operating in the same markets, certain geographical and other guideline are imposed.

The Board of Management of Cirm Corporation comprises the Presidents of the major Group companies (Cirm Corporation, the holding company Head Quarter, in Connecticut, U.S.A.). and (Offshore Marine Petroleum Systems & Engineering, the Design, Engineer and Manufacturing firm, in Livonia, Michigan, U.S.A. and has its manufacturing facilities in Seattle, Washington, Montana, Texas, North Carolina, Boston, Mass. U.S.A. etc.) and the Group's Chief Financial Office, with the President of the Group as Chairman.  This ensures that the Management of Cirm Corporation stays close to its key markets and customers and understands the presents and future needs of these customers.  At the same time, it has the effect of creating further cohesion and synergy in the Group while eliminating the tendency to build up a large corporate staff.  With the help of the small staff, Management of Cirm Corporation handles such corporate tasks as formulation and implementation of overall group strategy, communications with the Supervisory Board of Cirm Corporation, supervision of Group companies, major investments/acquisitions, project and corporate financing, corporate governance, investor relations and group financial consolidation.

All Group companies are inevitably confronted with various kinds of risks in the course of their business.  These include technical, budget, political, payment, completion, currency, etc.

A set of firm procedures and controls has been established to identify and minimize these business risks.  Each year these controls are reviewed as to their effectiveness by the external auditors of Cirm Corporation, and discussed with Management.  Nevertheless, in spite of procedures, know-how, experience etc. the Group's business will never be without risk, Cirm Corporation policy is therefore to make sure that its balance sheet and liquidity position are always strong enough to weather any temporary setback.

The Group is prudent in its financial management, with the emphasis on independence from outside financiers.  The risks originating from the Group's businesses could be significant and therefore the financial position of the Group should be strong enough to overcome any possible temporary setback.   Conservative balance sheet management and the fact that the Group operates in various industries combine to create a large asset and cash flow base.

The Group's financial strength allows a strong competitive stance in the market, including aggressive sales and marketing, and the ongoing development of new products.  This is achieved through ongoing emphasis on and investment in further development of technology and human resources, with product development/differentiation and further profitability as objectives.

Safety and protection of the environment have become increasingly important issues, in particular in the offshore oil industry with its inherent risk for accidents and pollution.  The further increase in emphasis on both topics relates not only to actual operations offshore, but also to the necessity to give safety considerations and environmental concerns the utmost priority during the design and fabrication phases of the Group's products.

One of Cirm Corporation's strategies is therefore to commit the company, the Management, and all personnel to continuing the improvement of the Group's safety and environmental standard and procedures, and to strict adherence to the applicable rules and regulations.  An example of this commitment is that every year a safety audit is performed by outside specialists on the Group's floating production, storage and offloading systems and other marine units.  Also in respect of its floating units, the company is in the process of obtaining DNV Safety and Environmental Protection (SEP) Certification.