CLEVELAND, March 3 /PRNewswire/ -- Noveon, Inc., announced today that it
has increased prices 4 cents per wet pound on Freechem(R) Glyoxal and 3 cents
per wet pound on Freerez(R) and Patcorez(R) glyoxal resins effective March 31,
2003 or as preexisting contracts may allow. In addition, Noveon announced
today that it has increased prices 4 cents per dry pound on all Goodrite(R)
styrene butadiene resins for the textile and carpet industries and 3 cents per
wet pound on Freepel(R) water repellents effective March 31, 2003 or as
preexisting contracts may allow.
(Photo: http://www.newscom.com/cgi-bin/prnh/20010523/CLW011LOGO-b )
Noveon is a leading global producer and marketer of technologically
advanced specialty chemicals for a broad range of consumer and industrial
applications with revenues in 2002 of $1.1 billion. Noveon is headquartered in
Cleveland, Ohio, with regional centers in Brussels, Belgium, and Hong Kong.
This release contains forward-looking statements that relate to future
events or performance. These statements reflect the Company's current
expectations, and the Company does not undertake to update or revise these
forward-looking statements, even if experience or future changes make it clear
that any projected results express or implied in this or other Company
statements will not be realized. Furthermore, investors are cautioned that
these statements involve risks and uncertainties, many of which are beyond the
Company's control, which could cause actual results to differ materially from
the forward-looking statements. Important factors that may affect our
expectations, estimates or projections include:
* the effects of the substantial debt we have incurred in connection with
our acquisition of the Performance Materials Segment of Goodrich and our
ability to refinance or repay that debt;
* changes in customer requirements in markets or industries we serve;
* general economic and market conditions;
* our access to capital markets and any restrictions placed on us by any
current or future financing arrangements;
* the effect of risks of investing in and conducting operations in foreign
countries, including political, social, economic, currency and
regulatory factors;
* changes in the price and supply of major raw materials; and
* the effect of fluctuations in currency exchange rates on our
international operations.
Further information about these risks can be found in the Company's
filings with the Securities and Exchange Commission.
Investors are cautioned not to place undue reliance on any forward-looking
statements contained herein, which speak only as of the date hereof. The
Company undertakes no obligation to publicly release the result of any
revisions to these forward-looking statements that may be made to reflect
events or circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
SOURCE Noveon, Inc.
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Related links:
http://www.noveoninc.com
Photo Notes:http://www.newscom.com/cgi-bin/prnh/20010523/CLW011LOGO-b
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 212-782-2840
Company News On-Call:
http://www.prnewswire.com/gh/cnoc/comp/156774.html
CONTACT:
News Media, John Urbancic, +1-216-447-5733,
or Investors, Sean Stack, +1-216-447-6494, both of Noveon, Inc.
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