ISP Announces Expansion of Its
ESBR Capacity in Port Neches, Texas
Thursday March 24, 1:28 pm ET
WAYNE, N.J., March 24 /PRNewswire/ -- International Specialty Products ("ISP"), the world's leading producer of ESBR Elastomers for the merchant market, has broadened its program to increase capacity of its Port Neches, Texas plant, which manufactures emulsion SBR Elastomers for the global market.
Having acquired the Port Neches Plant in 2003 and expanded its capacity in 2004 to 400 million lbs, the capital expansion announced today will increase the capacity to 750 million lbs within two years. The multi-million dollar expansion program will include the installation of new reactors and finishing lines.
Mel Martin, ISP Senior Vice President and General Manager of the Elastomers Business stated, "Our investments have not only increased our volume capability but have also improved our product quality to the highest levels expected by our global customers. The planned capital investments will also enable us to provide a wider range of elastomer products for our customer's future needs."
International Specialty Products is a leading multinational manufacturer of specialty chemicals and mineral products. ISP manufactures products around the world and serves its 6000 customers, including its global customers for Elastomers, in more than 90 countries, using 60 sales offices and ten full service technical centers strategically located close to its customers.
This press release may contain "forward-looking" statements within the meaning of the federal securities laws and, as such, concerns matters that are not historical facts. These statements are subject to risks and uncertainties that could cause the actual results to differ materially from those expressed in such statements. Important factors that could cause such differences are discussed in filings made by International Specialty Holdings Inc., a subsidiary of International Specialty Products Inc., with the U.S. Securities and Exchange Commission and are incorporated herein by reference.
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