Nalco Committed to Helping Meet World Water Needs on Many Levels
March 22 2010 - 9:00AM
The need is undeniable. Water is necessary for all life, but global
water consumption is growing twice as fast as global population.
More than one billion people already live in areas of water
scarcity, and the number is increasing. Nalco (NYSE:NLC), the world
leader in industrial water treatment, provides the essential
expertise needed for companies to reduce their water footprint by
using less water and fully treating discharged water, contributing
to meeting this basic human need.
"World Water Day is an important way to bring attention to the
global problems of water scarcity and quality," says Erik Fyrwald,
Nalco Chairman and Chief Executive Officer. "It helps make it clear
that we must develop water management practices that strike the
proper balance among the many competing needs for water. In
addition to developing long-term, systemic solutions, actions are
needed today to make a difference in the lives of the many lacking
adequate water and sanitation."
In recognition of the United Nations' annual World Water Day,
The Nalco Foundation has made a $150,000 grant to Water For People
to support a water and hygiene program in West Bengal, India. The
project in South 24 Parangas will drill and rehabilitate local
wells, establish water committees to manage and maintain those
wells and develop local hygiene promotion and education
programs.
Nalco employees are also participating in Water For People's
World Water Corps, an independent volunteer program that provides
follow-up monitoring and evaluation of the sustainability of
completed water systems. The volunteers also conduct needs
assessments to determine where Water For People programs should
expand.
"Nalco is also making a difference every day in the programs and
services we provide our customers to reduce water and energy use,"
Fyrwald adds. "An example is our Green Chemistry Award-winning 3D
TRASAR® cooling water technology, which is improving operations in
thousands of industrial water systems around the world. Since its
introduction, this single technology has saved more than 200
billion gallons (more than 757 billion liters) of water."
Nalco has also committed to the United Nations' CEO Water
Mandate, to support and advance water sustainability solutions and
is partnering with World Wildlife Fund (WWF) to develop best
practices to protect and conserve water. Nalco will apply its
global experience in safe and efficient industrial water use to
help define the needs of priority areas facing water scarcity, poor
water quality and degradation of freshwater habitats.
About World Water Day
The international observance of World Water Day originated with
the 1992 United Nations Conference on Environment and Development
(UNCED) in Rio de Janeiro. For more information, visit
www.unwater.org/worldwaterday.
About Water For People
Water For People is a non-profit international development
organization founded in 1991 to help people in developing countries
improve their quality of life by supporting the development of
locally sustainable drinking water resources, sanitation
facilities, and health and hygiene education programs. For more
information, visit http://www.waterforpeople.org.
About Nalco
Nalco is the world's leading water treatment and process
improvement company, delivering significant environmental, social
and economic performance benefits to our customers. We help our
customers reduce energy, water and other natural resource
consumption, enhance air quality, minimize environmental releases
and improve productivity and end products while boosting the bottom
line. Together our comprehensive solutions contribute to the
sustainable development of customer operations. Nalco is a member
of the Dow Jones Sustainability World Index. More than 11,500 Nalco
employees operate in 150 countries supported by a comprehensive
network of manufacturing facilities, sales offices and research
centers to serve a broad range of end markets. In 2009, Nalco
achieved sales of more than $3.7 billion. For more information
visit www.nalco.com.
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This news release includes forward-looking statements,
reflecting current analysis and expectations, based on what are
believed 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 many factors,
including, without limitation: ability to generate cash, ability to
raise capital, ability to refinance, the result of the pursuit of
strategic alternatives, ability to execute work process redesign
and reduce costs, ability to execute price increases, 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, environmental and safety regulations and
clean-up costs, foreign exchange rates, the impact of changes in
the regulation or value of pension fund assets and
liabilities, changes in generally accepted accounting principles,
adverse legal and regulatory developments, including increases in
the number or financial exposures of claims, lawsuits, settlements
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financial exposures by collecting indemnity payments from insurers,
the impact of increased accruals and reserves for such exposures,
weather-related factors, and adverse changes in economic and
political climates around the world, including terrorism and
international hostilities, and other risk factors identified by the
Company. Accordingly, there can be no assurance that the Company
will meet future results, performance or achievements expressed or
implied by such forward-looking statements. 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.
CONTACT: Nalco Company
Media Contact:
Charlie Pajor
630 305 1556
cpajor@nalco.com
Investor Contact:
Mike Bushman
630 305 1025
mbushman@nalco.com
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