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ASHTA Chemicals Inc. to Build Chlor-Alkali Plant in Arkansas.


ASHTABULA, Ohio -- ASHTA Chemicals Inc. announced it will build a second chlor-alkali facility for the production of potassium-based chemicals and chlorine in Arkansas. The new plant will significantly increase ASHTA Chemicals' production capacity and bring its products closer to existing markets.

Construction is to begin near the end of 2005 with completion scheduled for mid-2007, according to company officials. "The new plant will allow ASHTA Chemicals to serve markets nationwide more effectively and efficiently," said R.R. "Barney" Baxter, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We have already entered into an agreement with Great Lakes Chemical Corporation Great Lakes Chemical Corporation is a chemical research, production, sales and distribution company that produces specialty chemicals used for polymers, fire suppressants and retardants, pool and spa water purification systems and various other applications.  to provide them with a ready, long-term supply of chlorine."

The new plant will be located adjacent to Great Lakes' central plant in El Dorado, Ark., where Great Lakes (NYSE NYSE

See: New York Stock Exchange
:GLK GLK Glucokinase ) operates three facilities. Great Lakes, a diversified specialty chemical company, is based in Indianapolis, Ind.

ASHTA Chemicals announced last September that it was investing an estimated $6.9 million for modernizations to its northeast Ohio plant, which is adjacent to its headquarters at 3509 Middle Road in Ashtabula Township. These modernization projects are expected to take place over the next three years and were described by the company as a commitment to the environment, its customers, its employees and the community.

Among other products, ASHTA Chemicals produces liquid chlorine, which is used as an intermediate in the chemical process industry, in water purification and in the production of pharmaceutical products, plastics and titanium dioxide. ASHTA Chemicals is also one of the nation's three producers of potassium hydroxide potassium hydroxide, chemical compound with formula KOH. Pure potassium hydroxide forms white, deliquescent crystals. For commercial and laboratory use it is usually in the form of white pellets. . This compound has a wide range of uses, such as the production of potassium phosphates, liquid fertilizers and agricultural chemicals, water treatment chemicals, photographic chemicals, pharmaceuticals, industrial and institutional cleaners, liquid soaps and detergents, runway deicer de·ic·er  
n.
1. A device used on an aircraft to keep the wings and propeller free from ice or to remove ice after it has formed.

2. A compound, such as ethylene glycol, used to prevent the formation of ice, as on windshields.
 and alkaline batteries.

About ASHTA Chemicals Inc.

ASHTA Chemicals Inc. is a manufacturer and marketer of chlorine, liquid potassium hydroxide, anhydrous an·hy·drous
adj.
Without water, especially water of crystallization.


anhydrous (anhī´drus),
adj without water.


anhydrous

containing no water.
 potassium hydroxide walnut (briquette bri·quette also bri·quet  
n.
A block of compressed coal dust, charcoal, or sawdust and wood chips, used for fuel and kindling.



[French, diminutive of brique, brick
), liquid potassium carbonate and chloropicrin chloropicrin (klōr'əpĭk`rĭn), colorless oily liquid used as a poison gas. It is a powerful irritant, causing lachrymation, vomiting, bronchitis, and pulmonary edema; lung injury from chloropicrin may result in death. , and a marketer of anhydrous potassium carbonate and anhydrous potassium hydroxide (flake). In 1992, ASHTA Chemicals opened its corporate offices and plant in Ashtabula, Ohio, acquiring facilities that had been operating since the early 1960s. ASHTA Chemicals management has since positioned the company for profitable growth with the purchase of Olin Chemical's potassium products business in 1993, design and implementation of a closed loop zero-discharge water treatment system and the construction of a new potassium carbonate plant in 1995. ASHTA Chemicals' focus is on markets and products that provide sustained, profitable growth for core potassium hydroxide chemistry. The distribution system was significantly expanded in 1998 to provide ample product in key chemical markets. In addition to the Ashtabula plant and offices, the company services customers from three other production sites, 19 liquid terminals and five warehouses strategically located in the United States and Canada. Further information can be found at www.ashtachemicals.com.

About statements in this release

Except for historical information contained in this release, certain statements herein may constitute forward-looking statements under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. These statements may involve known and unknown risks, uncertainties and other factors, which may cause the actual results to differ materially from what is set forth in this release, including any results from future performance and proposed transactions. The company does not intend to update any such statements.
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Publication:Business Wire
Geographic Code:1USA
Date:Jan 10, 2005
Words:548
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