Printer Friendly

WITCO COMMITS CAPITAL FUNDS TO EXPAND FACILITY IN HOLLAND

 NEW YORK, Nov. 12 /PRNewswire/ -- Witco Corporation (NYSE: WIT) announced that it has committed capital funds for the expansion of sulfonate capacity at its Amsterdam facility in the Netherlands following a finalized project engineering review. The new unit, which is expected to be completed by the second quarter of 1995, will produce neutral and overbased calcium sulfonates. These products are used in lubricant additives.
 "Witco's commitment to growth in the global sulfonate marketplace is demonstrated through our continuing investment in Europe," said Vice Chairman and Chief Operating Officer, Petroleum Group, Denis Andreuzzi. "We continue to focus our resources in our core product areas through investments which will take advantage of growth and serve the marketplace more effectively."
 The Amsterdam facility, and plants in Haarlem and Koog aan de Zaan, the Netherlands, along with five manufacturing facilities in North America, comprise the Petroleum Specialties Group of Witco, which is one of the world's largest manufacturers of white mineral oils, refrigeration oils, microcrystaline waxes and petrolatums, as well as sulfonates.
 Witco Corporation is a worldwide manufacturer of specialty chemical and petroleum products and engineered materials with 1993 annual sales expected to exceed $2.3 billion. It operates 64 manufacturing plants in 12 countries and has marketing and sales offices which span the globe.
 -0- 11/12/93
 /CONTACT: C.R. Soderlind, senior vice president, 212-605-3813, or S.L. Levy, manager-public relations, 212-605-3815, both of Witco/
 (WIT)


CO: Witco Corporation ST: New York IN: CHM SU:

LG -- NY029 -- 3579 11/12/93 10:04 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 12, 1993
Words:252
Previous Article:ANADARKO ANNOUNCES SUCCESSFUL GEOTHERMAL WELL
Next Article:GEORGIA $345.4 MIL. GO BONDS RATED 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters