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GREAT LAKES INITIATES STOCK REPURCHASE PROGRAM

 WEST LAFAYETTE, Ind., April 22 /PRNewswire/ -- Emerson Kampen, Chairman, President and Chief Executive Officer of Great Lakes Chemical Corporation (NYSE: GLK), today announced that management has been authorized to purchase up to one million shares of the Company's outstanding shares of common stock.
 Kampen stated, "Our earnings for the first three months of 1993 are over 21 percent higher than the same period one year ago. We believe the Company's growth trend will continue for some time to come. This stock purchase action is a confirmation of our confidence in the future."
 The Company recently reported record results for the first quarter of 1993. Net income rose to an all-time high $64,242,000, or $.90 per share. Revenues of $436,582,000 were 23 percent higher than the first three months of 1992.
 Great Lakes Chemical Corporation, a Fortune 500 company, is the world's leading producer of bromine, brominated chemicals and furfural derivatives for such applications as flame retardants, agriculture, oil and gas well completion fluids, water sanitizers and other specialty applications. The stock of the Company is traded on the New York Stock Exchange.
 -0- 4/22/93
 /CONTACT: David R. Bouchard or Gregory J. Griffith, 317-497-6100, both of Great Lakes Chemical Corporation/
 (GLK)


CO: Great Lakes Chemical Corporation ST: Indiana IN: CHM SU:

LC -- CL036 -- 9750 04/22/93 16:57 EDT
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Publication:PR Newswire
Date:Apr 22, 1993
Words:225
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