Houston (ots/PRNewswire) - Resolution Performance Products LLC
(RPP) announced today that it will implement a project to
debottleneck its Moerdijk VeoVa(TM) Vinylester capacity by
approximately 15% before the end of 2005. "This project will support
the continued strong demand for VeoVa world-wide and illustrates
RPP's commitment to continue to grow its Versatics Business," says Ed
Hoozemans, Vice-President for RPP's Versatics Business.
"Feedstock for the expanded VeoVa-capacity is being provided by
the successful expansion of Versatic Acids capacity in Pernis with
low capital requirements," added Ed Hoozemans. "Our next priority
after implementing this project is to finalize plans for further
additional VeoVa capacity to provide product for geographic growth
outside Europe as well as for newly developing applications."
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
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
ots Originaltext: Resolution Performance Products LLC
Im Internet recherchierbar: http://www.presseportal.ch
Ed Hoozemans, Vice-President, Versatics Business of Resolution
Performance Products LLC, +31-10-295-4162