Rohm and Haas Announces Construction of a New Polymer Emulsions Plant In Moscow Region, Russia
PHILADELPHIA, July 19, 2007 - Rohm and Haas, the leading producer of specialty materials, today announced plans to build a new manufacturing facility in the Moscow region. The proposed plant will produce polymer emulsions for a number of markets including paint and coatings materials, and adhesives.
The plant is a greenfield facility with close proximity to key customers and with excellent access to local and imported raw materials and all key utilities. Construction at the site will begin in the first half of 2008 with completion planned for early 2009.
The new plant will have an initial capacity of 50,000 metric tons, with a planned expansion to 70,000 metric tons to meet rapidly growing demand for polymer emulsions.
The plant is the company's largest investment in Russia to date and will be wholly-owned by Rohm and Haas. It will create employment in the area for chemical engineers, operators and administrative personnel.
"Rohm and Haas is delighted to make this bold step in the Russian market," said Raj L. Gupta, chairman, president and chief executive officer. "We have been active in Russia for more than 30 years through our affiliates. We provide solutions for the paint, construction, packaging, water treatment and industrial processes industries. This investment heralds a new commitment by Rohm and Haas into what we consider to be one of our core growth markets."
Rohm and Haas is the world leader in environmentally advanced polymer emulsion technology. For more than 50 years, the company has successfully designed polymer materials that bring valuable characteristics to its customers' products. The company makes a versatile range of emulsion binders and additives used to formulate interior and exterior wall paints that perform extremely well, can satisfy local cultural preferences for paint finishes, and work well in regional weather conditions. The company also offers acrylic adhesives that are used to make insulated panels for building construction, pressure sensitive adhesives, as well as packaging and label adhesives.
"Establishing dedicated manufacturing in Russia will enable us to deliver our technically advanced products faster to the local domestic Russian market and to the neighbouring markets of Ukraine, Byelorussia, Kazakhstan, and the Baltic States. We are committed to bringing innovative products and tailor-made solutions to the marketplace", commented Jean-Francois Mayer, Director of the Company's Central and Eastern Europe and Turkey markets.
About Rohm and Haas Company
Leading the way since 1909, Rohm and Haas (NYSE:ROH) is a global pioneer in the creation and development of innovative technologies and solutions for the specialty materials industry. The company's technologies are found in a wide range of markets including: Building and Construction, Electronics, Food and Retail, Household and Personal Care, Industrial Process, Packaging, Paper, Transportation and Water. Our innovative technologies and solutions help to improve life everyday, around the world. Based in Philadelphia, PA, the company generated annual sales of approximately $8.2 billion in 2006. Visit www.rohmhaas.com for more information. Imagine the possibilities(TM).
About Rohm and Haas in Russia
The company has been present in the USSR since mid 1970s supplying chemicals for agriculture (pesticides, herbicides and fungicides) and ion-exchange resins through soviet foreign trade organizations. In 1993 the company re-entered the CIS market providing the industry with ion-exchange resins, biocides and agrochemicals. A Rohm and Haas representative office in Russia was opened in March 1998 to meet CIS and Baltic states market needs with a diverse range of specialty materials such as acrylic polymers, ion-exchange resins, biocides, plastic additives and chemicals for cosmetics and detergents.
For more information please contact:
Inna Semenyuk/Elmira Basharova
Mmd Corporate, Public Affairs & Public Relations Consultants
Phone: + 7 (495) 788 67 84
E-mail address: rh@mmd.ru
Syd Havely
European Communications Director
Rohm and Haas Company
Philadelphia, PA, USA
Phone: 215-592-3938
E-mail address: shavely@rohmhaas.com
