CLEVELAND, Aug. 12 /PRNewswire-FirstCall/ -- Noveon, Inc. announced today
that it will begin an expansion project this fall to increase production of
aroma chemicals at its manufacturing facility in Kalama, Wash. The initial
phase of the expansion is expected to be completed in mid-2003. Noveon
currently produces at Kalama a wide range of specialty additives for food,
flavors, fragrances and industrial chemicals applications.
(Photo: http://www.newscom.com/cgi-bin/prnh/20010523/CLW011LOGO-b )
In conjunction with plans to increase production capacity at Kalama,
Noveon has acquired certain assets, technology and other intellectual property
involving aroma chemicals from Firmenich S.A. Terms were not disclosed.
Firmenich is a leading supplier and marketer of flavors and fragrances with
global headquarters in Geneva, Switzerland.
"Increasing our production capacity and adding new products to our current
line of aroma chemicals signals Noveon's commitment to our customers and our
plans to expand our presence in this market," Tom Holleran, Noveon vice
president and general manager, food, beverage and polymer additives, said.
Noveon is a leading global producer and marketer of technologically advanced
specialty chemicals for a broad range of consumer and industrial applications.
Noveon is headquartered in Cleveland, Ohio, with regional centers in
Brussels, Belgium, and Hong Kong. The Company had sales in 2001 of $1.1
billion and employs about 2,800 at office and manufacturing locations around
the world.
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
CONTACT:
News Media, Rob Jewell, +1-216-447-5255, or
Investors, Sean Stack, +1-216-447-6494, both of Noveon, Inc.
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