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CAMBREX SETTLES NEW JERSEY DISCHARGE CASE

 EAST RUTHERFORD, N.J., Aug. 6 /PRNewswire/ -- Cambrex Corporation (AMEX: CBM) announced today that it has agreed to a settlement of a proposed New Jersey Department of Environmental Protection and Energy (NJDEPE) administrative fine of $2,308,000 related to exceeding alleged permit limits for discharges to a local sewerage treatment plant during the 1980s. The company had contested the proposed fine stating that the company was installing a modern treatment plant to meet effluent limits in a new permit. Further, the company fully advised the NJDEPE of all company activities at the time; thus the DEPE was aware of the company's efforts to design and construct the new treatment plant.
 To avoid large and rapidly escalating legal expenses, the company agreed to a settlement consisting of a payment of $650,000, but does not constitute any admission of fact or acknowledgment of any fault or liability on the part of the company.
 Due to provisions made for this matter in previous years, there will be no effect upon 1993 operating results in connection with the resolution of this matter.
 Cambrex Corporation manufactures specialty and fine chemicals. The company's five major product categories are: Health and Pharmaceuticals, Agricultural Intermediates and Additives, Specialty and Fine Chemicals, and Coatings.
 -0- 8/6/93
 /CONTACT: Peter Tracey, vice president and chief financial officer of Cambrex, 201-804-3010/
 (CBM)


CO: Cambrex Corporation ST: New Jersey IN: CHM SU:

TS-PS -- NY013 -- 0221 08/06/93 09:42 EDT
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Publication:PR Newswire
Date:Aug 6, 1993
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