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Abonner Resolution Performance Products LLC

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 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

Contact:

Ed Hoozemans, Vice-President, Versatics Business of Resolution
Performance Products LLC, +31-10-295-4162