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Hercules signed a Letter of Intent today with the Nanjing Chemical Industry Park (NCIP), where the plant will be located. The NCIP is a modern, highly integrated chemical manufacturing complex strategically located with excellent logistics to supply Chinese and export customers. The new plant’s annual production capacity will be 15,000 metric tons and is expected to start up in mid-2008. Chuck Herak, Aqualon’s General Manager of Coating Additives and Asia Pacific, commented, “This major investment demonstrates Aqualon’s commitment to the strategic HEC business and enhances Aqualon’s strong leadership position. With HEC assets in the U.S., Europe, and Asia, Aqualon will be well positioned to supply our global customers’ increasing requirements.” # # # Hercules manufactures and markets chemical specialties globally for making a variety of products for home, office and industrial markets. For more information, visit the Hercules website at www.herc.com. Aqualon, a business unit of Hercules Incorporated, is a world leader in products that manage the physical properties of aqueous systems. Most of Aqualon’s products are derived from renewable natural raw materials. For more information, visit the Aqualon website at www.herc.com/aqualon. This news release includes
forward-looking statements, as defined in the Private
Securities Litigation Reform Act of 1995, reflecting
management's current analysis and expectations, based on
what management believes to be reasonable assumptions.
Forward-looking statements may involve known and unknown
risks, uncertainties and other factors, which may cause the
actual results to differ materially from those projected,
stated or implied, depending on such factors as: ability to
raise capital, business climate, business performance,
economic and competitive uncertainties, higher manufacturing
costs, changes in strategies, risks in developing new
products and technologies, risks in developing new market
opportunities, risks in completing capital investments,
risks in supplying global markets, environmental and safety
regulations, foreign exchange rates, adverse legal and
regulatory developments, the outcome of litigation and
appeals, and adverse changes in economic and political
climates around the world, including terrorist activities,
international hostilities and potential natural disasters.
Accordingly, there can be no assurance that the Company will
meet future results, performance or achievements expressed
or implied by such forward-looking statements. As
appropriate, additional factors are contained in other
reports filed by the Company with the Securities and
Exchange Commission. This paragraph is included to provide
safe harbor for forward-looking statements, which are not
generally required to be publicly revised as circumstances
change, and which the Company does not intend to update.
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