2008-05-26 22:06:32 -
- Rohm and Haas Company Director of Communications, Specialty Materials Laura Hadden, +1 215 592 3054 LHadden@rohmhaas.com or Manager of Communications, APR Packaging and Building Materials Paint and Coatings Materials Sue Zhu, +86 21 3862 8690 SZhu@rohmhaas.com Rohm and Haas Company (NYSE:ROH) said today that it intends to build an acrylic emulsion facility in Nhon Trach city, within the Dong
Nai province of Vietnam, in order to meet the fast-growing needs for the paints and coatings market. The company will spend approximately US$10 million for this facility, which will be completed by the middle of 2009 and will join a network of 12 plants across the Asia-Pacific region, part of a system of 34 plants worldwide.
"This is a great investment for Rohm and Haas, one that has significant strategic benefits," said Bruce Hoechner, Vice President and Asia-Pacific Regional Director for the $2 billion Paint and Coatings Materials business. "We have been importing products into the Vietnamese market for more than 12 years, trying to keep up with demand by bringing in products from operations in China and Thailand," he said. "However, demand continues to grow, and is now expected to grow at 15 percent per year for the next 10 years. We simply must build a plant here now in order to serve the growing needs of our customers."
Rohm and Haas has gained remarkable reputation in Vietnam for excellent products, tailored to meet specific customer needs. Rohm and Haas will be bringing its state of art manufacturing capability to Nhon Trach, with the ability to expand capacity as needed to meet future market demand. Technical support will continue to be provided from the technical service lab in Singapore and the state-of-the-art R&D center in Shanghai, China. Hoechner said the new Vietnam facility will strengthen the efficiency and capabilities of the entire Asia-Pacific supply chain.
The plant will be constructed within the Nhon Trach 3 Industrial Park, about 30 kilometers from Ho Chi Minh City.
Within the past six months, Rohm and Haas has commissioned new plants in Sanshui, Foshan, China and Chennai, India, and expanded a facility in Taloja, India. The company is also building or expanding plants in Russia, Turkey and Mexico.
About Rohm and Haas Company
Leading the way since 1909, Rohm and Haas 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 industries including: Building and Construction, Electronics and Electronic Devices, Household Goods and Personal Care, Packaging and Paper, Transportation, Pharmaceutical and Medical, Water, Food and Food Related, and Industrial Process. Innovative Rohm and Haas technologies and solutions help to improve life every day, around the world. Based in Philadelphia, PA, the company generated annual sales of approximately $8.9 billion in 2007. Visit www.rohmhaas.com for more information.
¶ -- Nhon Trach facility will serve fast-growing decorative
coatings market here
¶ -- Company to spend US$10 million for around 25,000 metric ton
facility
¶ -- New site to join network of 11 plants across Asia-Pacific
Region
¶ -- Rohm and Haas committed to always bringing leading technology
to Southeast Asia in support of customer growth and needs
