Grace Expands Global Reach With Major Plant Expansion
COLUMBIA, Md., May 20, 2021 (GLOBE NEWSWIRE) – WR Grace & Co. (NYSE: GRA), a global leader in specialty silica, today announced the completion of its manufacturing facility expansion in Kuantan, Malaysia.
Kuantan, the capital and main port city of Pahang, Malaysia, has been home to Grace Specialty Chemicals Sdn Bhd since 1996. The expansion is Grace’s fourth expansion since its inception and a direct result of growing global demand for Grace’s specialty silica solutions.
Leading global organizations are leveraging GraceÂ® micronized amorphous silica in a wide range of industries, including coatings, plastics, paper, beverages, edible oils and biodiesel. The expansion of the plant is a direct result of Grace’s continued demandÂ® silica gel solutions.
GraceÂ® silica gel is used in a growing list of applications, including TRISYLÂ® silica for the purification of biodiesel, biofuel and edible oil; DARACLARÂ® silica for the stabilization and selective adsorption of haze-forming proteins in beverages; SYLOIDÂ® silica for furniture, coil, textile and leather mats; and SYLOBLOCÂ® silica used as an anti-blocking solution for plastic films and bags.
âKuantan’s expansion is part of our continued commitment to support continued market strength and global customer demand,â said Sandra Wisniewski, President of Grace Materials Technologies. âWith the expansion of our factory in Worms, Germany, in June 2020, Grace continues to demonstrate our customer engagement in the EMEA and Asia-Pacific region, and I am confident that we are successfully positioning ourselves for a continued growth trajectory. . “
James Qiu, Sales Director, Asia Pacific, added, âOur silica gel solutions continue to provide value to a growing number of global and domestic customers who operate in increasingly demanding markets. GraceÂ® technology continues to evolve to meet current regulatory and environmental requirements, and our expansion will undoubtedly play a major role in this continuing effort.
Built on talent, technology and trust, Grace is one of the world’s leading specialty chemicals companies. The company’s two main business segments – Catalysts Technologies and Materials Technologies – provide innovative products, technologies and services that improve products and processes for our customers around the world. With approximately 4,000 employees, Grace operates and / or sells to customers in over 60 countries. More information about Grace is available at grace.com.
This announcement contains forward-looking statements, that is, information relating to future events and not past. These statements generally include the words “believes”, “plans”, “intends”, “targets”, “will”, “expects”, “suggests”, “anticipates”, “plans”, “continues” or similar expressions. Forward-looking statements include, without limitation, statements regarding: expected financial condition; results of operations; cash flow; financing plans; business strategy; operating plans; capital and other expenses; competitive positions; growth opportunities for existing products; benefits from new technology; the benefits of cost reduction initiatives, plans and targets; succession planning; and securities markets. For these statements, Grace claims the safe harbor protections for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Grace is subject to risks and uncertainties which could cause actual results or events to differ materially from its projections or which could cause other forward-looking statements to prove to be inaccurate. Factors that could cause actual results or events to differ materially from those contained in forward-looking statements include, but are not limited to: risks relating to foreign operations, particularly in areas of active conflict and in emerging regions; the costs and availability of raw materials, energy and transport; the effectiveness of Grace’s investments in research and development and growth; acquisitions and divestments of assets and businesses; developments affecting Grace’s exceptional indebtedness; developments affecting Grace’s pension obligations; legacy issues (including product, environmental and other legacy responsibilities) related to Grace’s past activities; its legal and environmental procedures; environmental compliance costs (including existing and potential climate change laws and regulations); the inability to establish or maintain certain business relationships; inability to hire or retain key personnel; natural disasters such as storms and floods; fires and force majeure events; the economics of our customers’ industries, including the petroleum refining industry; public health and safety issues, including pandemics and quarantines; changes in tax laws and regulations; international trade disputes, tariffs and penalties; the potential effects of cyber attacks; and the additional factors set out in Grace’s latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, which have been filed with the Securities and Exchange Commission and are readily available on the Internet at www.sec.gov. The results published by Grace should not be taken as an indication of her future performance. Readers are cautioned not to place undue reliance on Grace’s projections and forward-looking statements, which speak only as of the date on which such projections and statements are made. Grace assumes no obligation to publicly publish any revisions to the projections and forward-looking statements contained in this announcement, or to update them to reflect events or circumstances occurring after the date of this announcement.
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