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ROHM AND HAAS EXECUTIVES DISCUSS OUTLOOK FOR THE YEAR

 ROHM AND HAAS EXECUTIVES DISCUSS OUTLOOK FOR THE YEAR
 PHILADELPHIA, May 4 /PRNewswire/ -- Company executives said today


that earnings for Rohm and Haas (NYSE: ROH) this year are likely to be in the range of $200 million, or $3 per share.
 President John P. Mulroney, speaking at the company's annual meeting, acknowledged that many financial analysts have predicted higher 1992 earnings for the company. "We are a bit more conservative and would prefer the more cautious outlook -- at least until we prove that current trends can sustain themselves through the second quarter," he said.
 During the first three months of the year, the company benefited from lower raw material costs, volume increases and smooth manufacturing operations. This led to a 44 percent increase in earnings over the "abysmal" first quarter of 1991. Mulroney told those attending the company's annual meeting that first quarter earnings normally account for 25-30 percent of full-year earnings.
 Chairman J. Lawrence Wilson provided a perspective on the acquisitions, joint ventures and expansions announced by Rohm and Haas during recent months. He pointed out that every portfolio move has been made to help fulfill the company's objectives: to protect and expand the company's acrylic technology; to build upon existing strengths; to expand into related areas of technology, and to expand business in the Pacific Region.
 "The planned acquisition of Unocal polymers will expand our emulsions business -- our largest, most profitable and one of the fastest-growing businesses," said Wilson. The acquisition also will strengthen the company's position in vinyl acrylic and vinyl acetate technologies. The Unocal acquisition currently is under review by the U.S. Federal Trade Commission. Rohm and Haas said it is hopeful both the review and the final agreement will be completed in May.
 Wilson also discussed recent activities in the Pacific, pointing out that the company will soon have a fully integrated presence in Japan, with sales, manufacturing and research operations there.
 Rohm and Haas is also developing a joint venture with Elf Atochem, S.A., to create the world's most global and lowest-cost producer of poly methyl methacrylate products. "I have said on numerous occasions that we need to have a substantial position in both Europe and North America in order to compete effectively with our Performance Plastics business," Wilson said. "The recent announcement that ICI is purchasing Du Pont's acrylic sheet and MMA business strongly reinforces this view and makes our decision to create a joint venture with Elf Atochem most timely."
 Wilson pointed out that the decision to acquire the remaining 70 percent interest in Shipley Company, announced in March, will help the company expand into technically related areas and will build the Pacific region business. "Shipley is a technical and market share leader in two important areas of electronic chemicals, with a very sizable Asian business," he said.
 The pace of change at the company is expected to slow a bit, according to Wilson. "Our emphasis now is on absorbing these acquisitions smoothly and building upon what we have established," he explained.
 /delval/
 -0- 5/4/92
 /CONTACT: Laura L. Hadden of Rohm and Haas, 215-592-3054/
 (ROH) CO: Rohm and Haas Company ST: Pennsylvania IN: CHM SU: ERP


JS -- PH031 -- 6075 05/04/92 13:02 EDT
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Publication:PR Newswire
Date:May 4, 1992
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