WILMINGTON, DE, MARCH 6, 2006 .
. . Hercules Incorporated (NYSE: HPC) announced the March
1st commencement of operations of Hercules Tianpu Chemicals
Co. Ltd. – a joint venture between Aqualon, a business unit
of Hercules, and Luzhou North Chemical Industries Co. Ltd.
and Jiangsu Feixiang Chemical Co. Ltd.
The joint venture will be the leading producer of
methylcellulose (MC) in China and will have an initial
combined capacity of 6,000 metric tons at the sites in
Luzhou and Zhangjiagang. In addition, a new 12,000 metric
ton MC facility, currently under construction in
Zhangjiagang, is scheduled to start operations in the second
half of 2006.
Aqualon will have global sales and marketing rights for the
output of the venture and the new capacity will benefit from
Aqualon's advanced technology, allowing it to supply the
exacting requirements of the global markets.
"The venture will strengthen our position in a fast growing
segment of the construction markets; our overall leading
position in water soluble polymers; our expanded
manufacturing base in China; and significantly improve our
global supply capabilities for MC products," said Craig A.
Rogerson, President and Chief Executive Officer of Hercules.
About Methylcellulose:
Methylcellulose (MC) and its companion products
hydroxypropyl- and hydroxyethyl- cellulose (MHPC and MHEC)
are used in a wide variety of industries and applications,
including tile cements and renders, joint compounds, gypsum
plasters, emulsion paints, resins and catalytic converters.
Specialized food grades and premium grades are used
respectively as functional food ingredients and in the
pharmaceutical industry in tablet coating and controlled
release formulations.
# # #
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.
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: business
climate, business performance, economic and competitive
uncertainties, higher manufacturing costs, reduced level of
customer orders, changes in strategies, risks in developing
new products and technologies, ability to expand production
capabilities, ability to market products globally, ability
to meet global product specifications and requirements,
foreign exchange rates, adverse legal and regulatory
developments, 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.