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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 all products in its Versatic Acids and Derivatives business line, including: VeoVa(TM) Vinylester, Cardura E10P(TM) Glycidylester and Versatic(TM) Acids, in all regions by 200 Euro/metric ton or 220 USD/metric ton (equaling 10ccp), respectively, effective September 1, 2004. "This price increase is needed to compensate for further increasing feedstock costs which continue to affect the Versatics Business' profitability," says Ed Hoozemans, Vice-President for RPP's Versatics Business.
"Demand continues at the strong levels we experienced in the first half and allows our plants to run at full capacity," added Ed Hoozemans. "The plans to debottleneck our Acids and Vinylester capacity are developing at a steady pace. Maintaining margins will ensure adequate capacity to meet the continually growing needs of the marketplace."
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 statement 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, substantial indebtedness and the additional factors and risks contained in the Company's Registration Statement on Form S-4 declared effective on February 4, 2004 (File No. 333-112016) and in its periodic reports filed with the SEC.
Web site: http://www.resins.com
ots Originaltext: Resolution Performance Products LLC
Im Internet recherchierbar: http://www.newsaktuell.ch
Ed Hoozemans, Vice-President, Versatics Business of Resolution
Performance Products LLC, +31-10-295-4162