Date & Time:Wednesday, October 13, 1999;  Mixer, 5:30 PM; Dinner, 6:30 PM; Talk and Business Session; 7:30 PM.
Topic: Economic Value Added: Basic Concepts and Issues for Consultants. Peter J. Joyce, PE - President of Specialty Chemical Services, Inc.

Abstract: when companies are not generating cash flow that covers the opportunity cost of capital, they are losing value in spite of how much money they may be earning. Thus companies can make money while losing value since the capital investor could earn the same returns somehwere else at the same level of risk. This seeming paradox will be explored in detail since it is the driving force for disruptive change in many industries including the chemical industry. The opportuity for consultants is to ensure that he or she provides value added services that are in alignment with these financial drivers. The fundamentals of "value added" in a finacncial context and ways in which the consultant can position him/herself in this still developing arena will be covered.

Biography:

Peter J. Joyce, PE, is the founder of Specialty Chemical Services, Inc., a consulting company focused on conceiving and making higher risk process and unit operations improvements and changes in the heat of the manufacturing plant. He worked for 11 years for Hercules (polypropylene, flavors and fragrances) and 7 years for Johnson Mathey (precious metal refining and catalyst manufacturing). His company, in partnership PTC Organics, Inc., (Marc Halpern, President), was recently awarded a Phase I SBIR (Small Business Innovative Research) grant for the application of Phase Transfer Catalysis to internal chemical plant waste streams. Peter has his MBA from Columbia, a MS ChE - UC (Berkeley) and a BS ChE from Northeastern University (Boston).

Meeting Location: The Cynwyd Club, Bala Cynwyd, PA. From City Line Ave (Route # 1) drive north on Conshohocken State Road (Route # 23) about 3 long blocks. Continue north on Trevor Lane instead of following Route #23 left. At “Y” in road one block north on Trevor Lane turn left where clubhouse and parking are on the left side of the road. Please park in lot if space is available, otherwise park on Trevor Lane. If lost, call the club at 610-667-4524.

Reservation: