乐天堂fun88(中国区)官方网站 Breaking New Ground With First Singapore Manufacturing Facility
Singapore -听乐天堂fun88(中国区)官方网站 Corporation broke ground today for its new world scale JEFFAMINE庐 polyetheramines manufacturing facility, the company鈥檚 first production site in Singapore鈥檚 Jurong Island.
The ground breaking ceremony was officiated by Mr. Don Stanutz , President of 乐天堂fun88(中国区)官方网站 Performance Products division, Mr. Arlan Emmert, Group Vice President, Asia of Jacobs Engineering Singapore Pte. Ltd. with guest of honor, Mr. Teo Ming Kian, Chairman of the Singapore Economic Development Board.
The company expects to commission the new 16,000 tonnes per annum plant in the first quarter of 2007.
鈥淭his new facility will transform our Performance Products business from being primarily a distributor of imported products to a business with hard assets on the ground in the centre of this exciting and fast-growing region,鈥� Mr. Stanutz听 said.
Key Jeffamines polyetheramines applications include epoxy coatings, concrete additives, organic pigments, fuel and lubricant additives, herbicides and pesticides.
鈥淪ingapore is the hub of Asian business and this facility will provide the additional听polyetheramines required to meet听the growth and potential of this business in the region. Our building of this facility represents a key strategic decision for our company which will give us a truly global manufacturing platform to support the future of this speciality product in the region and ensure our long term global competitiveness,鈥� Mr. Stanutz said.
The new plant will utilize the very latest technology to ensure increased safety and environmental performance in line with 乐天堂fun88(中国区)官方网站鈥檚 global commitment to environment, health & safety performance. The plant is a key platform for helping to meet the rapidly increasing demand for polyetheramines, particularly in the fast-growing Asia-Pacific region.
乐天堂fun88(中国区)官方网站 has other polyetheramines production facilities in Conroe, Texas, USA and Llanelli Wales.
鈥淲e are honored that 乐天堂fun88(中国区)官方网站 has chosen Singapore for their first greenfield site in the Asia Pacific for its performance products business. When completed, the plant will further add to the diversity of products and players on Jurong Island. With our world class infrastructure, highly skilled manpower, strong intellectual property protection and excellent connectivity, we believe Singapore can provide 乐天堂fun88(中国区)官方网站 the platform for growth in its manufacturing activities to support the region,鈥� said Mr. Teo.
Ground preparation will start on the site immediately and construction will take just over 12 months. During this time, 乐天堂fun88(中国区)官方网站 and Jacobs will maintain a strong focus on the environment as well as the health and safety of those working on the site, in keeping with worldwide and local policies and procedures.
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乐天堂fun88(中国区)官方网站 is a global manufacturer and marketer of differentiated and commodity chemicals. Its operating companies manufacture basic products for a variety of global industries including chemicals, plastics, automotive, aviation, footwear, paints and coatings, construction, technology, agriculture, health care, textiles, detergent, personal care, furniture, appliances and packaging. Originally known for pioneering innovations in packaging, and later, rapid and integrated growth in petrochemicals, 乐天堂fun88(中国区)官方网站 today has 11,300 employees, 57 operations in 22 countries and had 2004 revenues of $11.5 billion.
Statements in this release that are not historical are forward-looking statements. These statements are based on management鈥檚 current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company鈥檚 operations, markets, products, services, prices and other factors as discussed in the 乐天堂fun88(中国区)官方网站 companies鈥� filings with the Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, financial, economic, competitive, environmental, political, legal, regulatory and technological factors. Accordingly, there can be no assurance that the company鈥檚 expectations will be realized. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.
November 30, 2005
CONTACT:Tan Wai Lin
+6012 2009649