Royal Group Receives Large Scale Orders for Building System in China.Business Editors TORONTO--(BUSINESS WIRE)--July 19, 2000 Royal Group Technologies Limited (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :RYG RYG Red Yellow Green (past performance information) .) (NYSE NYSE See: New York Stock Exchange :RYG) announced today that it has received and is presently processing orders for the supply of components of The Royal Building System(TM) for various industrial and commercial buildings to be constructed in China. The orders involve 16 industrial plants and 3 office buildings to be constructed in a new industrial park located in the Song Jiang District of Shanghai, as well as 200 wireless telephone telecommunication shelters to be supplied to China Unicom China Unicom, full name China United Telecommunications Corporation, 中国联通, HKSE: 0762 NYSE: CHU, is a telecommunication operator in the People's Republic of China. 52. for two northern provinces. The orders are valued in excess of $C11 million, including charges related to supervision of installation. Major components for the orders are being manufactured at Shanghai Royal Building Systems Limited, a subsidiary of Royal Group Technologies Limited located in the city of Shanghai, China. Shipping of components for all orders is expected to be completed by December 2000. Shanghai Royal's entire manufacturing capacity will be utilized until calendar year end to satisfy these orders as well as pre-existing orders for its products in China. Qian Zhichum, Director of the Song Jiang Industrial Zone Administrative Committee, the authority contracting the construction of the industrial park, commented that The Royal Building System(TM) was selected for the projects "because it enables construction of durable structures in less time than with conventional methods". Vic De Zen, Chairman, President and C.E.O. of Royal Group, commented on the Chinese market's reception to the System in saying, "there is a growing awareness that the System enables rapid development in the fast paced Chinese economy". He noted that "proposals for similar industrial parks utilizing the System are under consideration in other districts of China". He added that he was "honored that the System had recently been chosen for construction of eight guard houses at The Great Hall of the People The Great Hall of the People (Simplified Chinese: 人民大会堂; Traditional Chinese: 人民大會堂 located in Tian Tian or T'ien (Chinese; “Heaven”) In indigenous Chinese religion, the supreme power reigning over humans and lesser gods. The term refers to a deity, to impersonal nature, or to both. An Men Square in Beijing, China". Royal Group Technologies Limited is a manufacturer of innovative, polymer-based home improvement, consumer and construction products. The company has extensive vertical integration, with operations dedicated to provision of materials, machinery, tooling, real estate and transportation services to its plants producing finished products. Royal's manufacturing facilities are primarily located throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , with international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. in South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , Europe and Asia. This press release contains forward-looking statements with respect to Royal Group Technologies Limited, its subsidiaries and affiliates within the meaning of the U.S. 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 and other applicable laws. By their nature, these forward-looking statements involve known and unknown risks, uncertainties and other factors affecting Royal specifically or its industry generally that could cause actual performance and financial results to differ materially from those contemplated by the forward-looking statements. These risks and uncertainties include fluctuations in the level of construction activity, changes in product costs and pricing, changes in product mix, the growth rate of the markets into which Royal's products are sold, market acceptance and demand for Royal's products, changes in availability or prices for raw materials, pricing pressures resulting from competition, difficulty in developing and introducing new products, failure to penetrate new markets effectively (particularly markets in developing countries), difficulty in preserving proprietary technology, changes in environmental regulations and other risks described from time to time in publicly filed disclosure documents and securities commission reports of Royal Group Technologies Limited and its subsidiaries and affiliates including filings with the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities and Exchange Commission. Statements made in this document are made as of July 19, 2000 and Royal disclaims any intention or obligation to update or revise any statements made herein, whether as a result of new information, future events or otherwise. |
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