Resolution Performance Products LLC
Resolution Performance Products LLC Announces Versatics Price Increases Globally
Houston (ots/PRNewswire)
Resolution Performance Products LLC (RPP) announced today that it will increase the prices of 2 key product groups in its Versatic Acids and Derivatives business line: VeoVa(TM) Vinylester and Cardura(TM) E10P Glycidylester, in all regions by 100 Euro/metric ton or 130 USD/metric ton (equaling 6 cents per pound), respectively, effective April 1, 2005. "This price increase is necessary to recover further feedstock increases and is supported by the continued strong demand for our products. It allows the Versatics Business to improve the quality of the business so that it can invest in further growth," says Ed Hoozemans, Vice-President for RPP's Versatics Business.
"Demand continues strong and allows our plants to run at full capacity," added Ed Hoozemans. "We have made great progress in expanding our Acids-capacity with low capital requirement and are preparing to debottleneck our Vinylester capacity. This price increase will help insure adequate capacity to meet the continually growing needs of the marketplace, by supporting current and future capacity expansions."
Resolution Performance Products is the leading worldwide manufacturer and developer of epoxy resins and is also the leading global manufacturer of Versatic acids and derivatives. Epoxy resins are chemicals primarily used in the manufacture of coatings, adhesives, printed circuit boards, fiber reinforced plastics and construction materials. The Company, with approximately 900 employees, has operations in the United States, Europe and Asia. Additional information about the Company and its financial results for annual, quarterly and current report filings are available on its web site at http://www.resins.com under the corporate information heading.
Certain statements in this press release may contain forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995. These statements are based on the Company's current expectations and involve risks and uncertainties that could cause the Company's actual results to differ materially from those set forth in the statements. The Company can give no assurances that such expectations will prove to be correct. Factors that could cause the Company's results to differ materially from current expectations include: general economic and business conditions, industry trends, raw material costs and availability, changes in demand for its products, actions of its competitors and the additional factors and risks contained in the Company's Registration Statement on Form S-4 declared effective May 7, 2004.
Web site: http://www.resins.com
Contact:
Ed Hoozemans, Vice-President, Versatics Business of Resolution
Performance Products LLC, +31-10-295-4162