Crompton Expands Silanes Business in China.Business Editors Crompton Corporation Crompton Corporation, formerly Crompton and Knowles, is a chemical research, production, sales and distribution company headquartered in Middlebury, Connecticut. The company produces specialty chemicals used for polymers, fire suppressants and retardants, pool and spa water (NYSE NYSE See: New York Stock Exchange : CK) today announced the expansion of its OSi Specialties business in the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China (PRC) to produce and market organofunctional silanes used in coatings, adhesives, sealants, fiberglass, rubber, and electronics applications. Crompton has formed a joint venture with the Nanjing Shuguang General Chemical Company, the largest producer of silanes in the PRC. Crompton is the majority shareholder in the joint venture, Nanjing Crompton Shuguang Organosilicon Specialties Co., Ltd., which will produce a wide range of products for the growing organofunctional silanes market in China and for export. Establishment of a manufacturing facility in the PRC is part of Crompton's commitment to a cost leadership position and a global supply network to support customers. "We are committed to the expansion of our businesses in China, especially in important growth products such as silanes," said Vincent A. Calarco, Crompton chairman, president and chief executive officer. "We are confident that the strong manufacturing position of our partner in China, coupled with our proprietary silane silane or silicon hydride Any of a series of inorganic compounds of silicon and hydrogen with covalent bonds and the general chemical formula SinH(2n + 2). technology, will enable us to accelerate the growth of silanes in the PRC and throughout the Asia Pacific Region." Crompton is a leading global producer and marketer of silanes (marketed under the Silquest(R), CoatOSil(R), Silcat(R), and XL-PEarl(R) brands), specialty silicones and urethane urethane (yoor´ithān´), n ethyl carbamate used as an anesthetic agent for laboratory animals, formerly used as a hypnotic in humans. additives. Crompton Corporation is a $2.7 billion producer and marketer of specialty chemicals A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. and polymer products providing the solutions, service and value our customers need to succeed. Additional information is available at www.cromptoncorp.com. Certain statements made in this release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties, including, but not limited to, ability to accelerate silanes growth, general economic conditions, energy and raw material prices and availability, production capacity, changes in interest rates and foreign currency exchange rates, changes in technology, market demand and customer requirements, expected restructuring activities and cost reductions, the enactment of more stringent environmental laws and regulations, and other risks and uncertainties detailed in the Company's filings with the Securities and Exchange Commission. These statements are based on currently available information and the Company's actual results may differ significantly from the results discussed. Forward-looking information is intended to reflect opinions as of the date this release was issued and such information will not necessarily be updated by the Company. Editor's note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : Silquest, CoatOSil, Silcat and XL-PEarl are registered trademarks of Crompton Corporation and/or its subsidiaries. |
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