CLEVELAND, March 26 /PRNewswire/ -- Noveon, Inc. announced that it
commenced operations today of its first performance coatings manufacturing
plant and applications lab in Qingpu, Shanghai, China.
(Photo: http://www.newscom.com/cgi-bin/prnh/20010523/CLW011LOGO-b )
The 8,000 MT capacity facility will initially supply textile compound
chemicals and polymers for printing, coatings and finishing related product
lines in China and throughout the Asia Pacific region. The applications lab
is equipped with the latest testing and development capabilities to assist
Noveon's customers with the application of their products and to provide
technical service and support for new product development.
"This facility puts us on the ground in the region to better serve the
needs of our customers," said Steve Demetriou, President and Chief Executive
Officer of Noveon. He continued, "Now we will be here to help our customers
improve the performance and quality of specialty textiles for the apparel,
home furnishing, technical fabrics and automotive industries. It will also
provide a platform to grow other Noveon businesses as we continue to review
opportunities in China and the Asia Pacific region."
The opening ceremony was held at Qingpu and was officiated by Steve
Demetriou and Yang Jin Song, deputy chief of Qingpu administration district.
According to Jimmy Chen, Noveon vice president for Asia Pacific, "The opening
of our Qingpu facility reaffirms our commitment to support our customers'
growth and product development with our technology, innovation and service."
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. 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:
Sean Stack of Noveon, Inc., +1-216-447-6494
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