Grace Expands Global Reach with Major Plant Expansion in Kuantan, Malaysia
May 20 2021 - 8:00AM
W. R. Grace & Co. (NYSE:GRA), a global leader in specialty
silica, today announced completion of the expansion of its
manufacturing plant in Kuantan, Malaysia.
Kuantan, the capital and major seaport town of Pahang, Malaysia,
has been home to Grace Specialty Chemicals Sdn Bhd since 1996. The
expansion is Grace’s fourth extension of the plant since its
inception and a direct result of growing worldwide demand for
Grace’s specialty silica solutions.
Leading, global organizations leverage Grace® micronized
amorphous silica across a broad range of industries including
coatings, plastics, paper, beverage, edible oil, and biodiesel. The
plant expansion is a direct result of continued demand for Grace®
silica gel solutions.
Grace® silica gel is used in a growing list of applications
including TRISYL® silica for the purification of biodiesel,
biofuel, and edible oil; DARACLAR® silica for stabilization and
selective adsorption of haze-forming proteins in beverages; SYLOID®
silica for matting furniture, coils, textile, and leather; and
SYLOBLOC® silica used as an anti-blocking solution for plastic
films and bags.
“The Kuantan expansion is part of our ongoing commitment to
support sustained market strength and global customer demand,” said
Sandra Wisniewski, President, Grace Materials Technologies. “With
the expansion of our Worms, Germany facility in June 2020, Grace
continues to showcase our customer commitment in both EMEA and Asia
Pacific, and I am confident that we are successfully positioning
ourselves for ongoing growth trajectory.”
James Qiu, Director, Sales, Asia Pacific added: “Our silica gel
solutions continue to deliver value across a growing number of
global and national customers who operate in increasingly stringent
markets. Grace® technology continues to evolve to address ongoing
regulatory and environmental sustainability requirements, and our
expansion will undoubtedly play a major role in that continued
effort.”
About Grace
Built on talent, technology, and trust, Grace is a leading
global specialty chemical company. The company’s two
industry-leading business segments—Catalysts Technologies and
Materials Technologies—provide innovative products, technologies,
and services that enhance the products and processes of 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 related to future, not past,
events. Such statements generally include the words “believes,”
“plans,” “intends,” “targets,” “will,” “expects,” “suggests,”
“anticipates,” “outlook,” “continues,” or similar expressions.
Forward-looking statements include, without limitation, statements
regarding: expected financial positions; results of operations;
cash flows; financing plans; business strategy; operating plans;
capital and other expenditures; competitive positions; growth
opportunities for existing products; benefits from new technology;
benefits from cost reduction initiatives, plans and objectives;
succession planning; and markets for securities. For these
statements, Grace claims the protections of the safe harbor 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 that could cause actual results
or events to differ materially from its projections or that could
cause other forward-looking statements to prove incorrect. Factors
that could cause actual results or events to differ materially from
those contained in the forward-looking statements include, without
limitation: risks related to foreign operations, especially in
areas of active conflicts and in emerging regions; the costs and
availability of raw materials, energy and transportation; the
effectiveness of Grace's research and development and growth
investments; acquisitions and divestitures of assets and
businesses; developments affecting Grace’s outstanding
indebtedness; developments affecting Grace's pension obligations;
legacy matters (including product, environmental, and other legacy
liabilities) relating to past activities of Grace; its legal and
environmental proceedings; environmental compliance costs
(including existing and potential laws and regulations pertaining
to climate change); the inability to establish or maintain certain
business relationships; the 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
concerns, including pandemics and quarantines; changes in tax laws
and regulations; international trade disputes, tariffs, and
sanctions; the potential effects of cyberattacks; and those
additional factors set forth in Grace's most recent 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. Grace's reported results should not be considered as
an indication of its future performance. Readers are cautioned not
to place undue reliance on Grace's projections and forward-looking
statements, which speak only as of the dates those projections and
statements are made. Grace undertakes no obligation to release
publicly 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.
Media RelationsCaitlin LeopoldGrace
CorporateT +1
410.531.8870 caitlin.leopold@grace.com
Melanie MaiGrace Asia PacificT +86
138 1783 2722melanie.mai@grace.com
Investor RelationsJason HershiserT +1
410.531.8835jason.hershiser@grace.com
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