GEO Opens Manufacturing Plant in Lake Charles, Louisiana.
Issue: Dec 9, 2002
CLEVELAND -- GEO Specialty Chemicals, Inc. recently completed construction of a manufacturing plant in Lake Charles, Louisiana, for the production of sodium aluminate and other aluminum-based products. GEO has retrofitted the plant's existing equipment and installed new specialized equipment. This is GEO's first aluminate plant, and it is now up and running.
The plant is located at the Port of Lake Charles and has deep-water access for shipping and receiving barge quantities of raw materials and finished products. This facility expands GEO Specialty Chemicals' aluminum chemical product offerings, which now include alum, PAC (poly-aluminum chloride), ACH (aluminum chlorohydrate), blends, and now sodium aluminate. GEO has the most diverse product offerings of aluminum-based chemicals for the titanium dioxide, catalyst, pulp and paper and water treatment industries in the Southeast.
According to Denny Grandle, GEO's vice president and general manager of its aluminum products business, the Lake Charles facility demonstrates GEO's long-term commitment to provide its customers with both value and quality products and service. "The Lake Charles facility increases GEO's Gulf Coast presence and is an ideal location for the production of other aluminum chemicals."
The new facility will enable GEO to better serve its customers in several important ways, explains Brian Steppig, GEO's pulp and paper manager. "We can now provide our paper mill customers the full range of products and services they've requested. We can also expand our capabilities to serve a broader customer base, including the catalyst and titanium dioxide industries."
GEO Specialty Chemicals is a global manufacturer of specialty chemicals serving the rubber and plastics, water-treatment, coating, construction, optoelectronics and compound semiconductor industries. GEO has twenty-one plants in four countries. The company has grown through strategic acquisition and internal efforts to become a $200M company.
Some of the statements made in this press release, including statements containing the words "believes," "intends," "expects," "plans," "estimates," "will" or similar words, constitute forward-looking statements under the federal securities laws. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of GEO or its industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Some of the factors that could cause or contribute to such a difference include: (a) changes in general economic conditions that might impact the demand for GEO's products, in the United States or in the foreign countries where GEO sells products; (b) decreases in customer spending levels due to general economic conditions or other factors affecting the volume of business of GEO's customers; (c) the increased risk during economic downturn that GEO's customers may declare bankruptcy or experience payment difficulties; (d) increases in GEO's cost of borrowing or a default or covenant violation under GEO's indenture or other material debt agreement; (d) GEO's inability to effectively integrate acquired businesses or efficiently expand operations, or its incurrence of greater than expected expenses in connection with operating acquired businesses or expanding operations; and (f) changes in environmental or other governmental regulations or enforcement.
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CONTACT: Richards Communications for GEO Specialty Chemicals, Inc., +1-216-514-7800
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