New 乐天堂fun88(中国区)官方网站 thermoplastic polyurethanes (TPU) line starts up, capacity expansion in Germany
The Woodlands, TX 鈥� 乐天堂fun88(中国区)官方网站 Corporation (NYSE:HUN) today announced the start-up of a new production line to manufacture specialist high performance TPU grades at its Osnabr眉ck, Germany facility. This capacity expansion was previously announced in November 2007. Volume and financial details were not disclosed.
鈥淲e are delighted with this timely start-up which will satisfy customer demand especially in Asia, Eastern Europe and the Middle East and this investment fits neatly into our global growth strategy鈥� said Ron Gerrard, Vice President of Global Operations for 乐天堂fun88(中国区)官方网站鈥檚 polyurethanes business. 鈥淭PUs, which combine the advantages of rubber polymers with those of thermoplastics, are increasingly displacing more traditional materials in a variety of end-use markets and this new line strengthens our ability to meet this opportunity鈥� he added.
乐天堂fun88(中国区)官方网站 TPUs, made at Osnabr眉ck and at Ringwood, Illinois (USA) and sold under the IROGRAN庐, IRODUR庐, IROSTIC庐, IROCOAT庐, KRYSTALFLEX庐 and KRYSTALGUARD庐 TPU trade names, are injected or extruded to produce a wide range of products such as footwear, wire and cable encapsulations, hose, tubing, films and sheet. They are also used to produce coated and laminated textiles, protective/functional coatings and adhesives.
About 乐天堂fun88(中国区)官方网站:
乐天堂fun88(中国区)官方网站 is a global manufacturer and marketer of differentiated chemicals. Its operating companies manufacture products for a variety of global industries, including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging.聽 Originally known for pioneering innovations in packaging and, later, for rapid and integrated growth in petrochemicals, 乐天堂fun88(中国区)官方网站 today has 13,000 employees and operates from multiple locations worldwide.聽 The Company had 2007 revenues of approximately $10 billion.聽 For more information about 乐天堂fun88(中国区)官方网站, please visit the company鈥檚 website at .
Forward Looking Statement:
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 U.S. 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.聽 In addition, the completion of any transactions described in this release is subject to a number of uncertainties and closing will be subject to approvals and other customary conditions. Accordingly, there can be no assurance that such transactions will be completed or 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 applicable laws.
Note to editors: IROGRAN庐, IRODUR庐, IROSTIC庐, IROCOAT庐, KRYSTALFLEX庐 and KRYSTALGUARD庐 TPU are registered trademarks of 乐天堂fun88(中国区)官方网站 Corporation or an affiliate thereof in one or more, but not all, countries.
Contact:
Michael Scharf
+ 32 475 380629聽