22 Oct 2004
GREAT LAKES TO FORM JOINT VENTURE WITH TEIJIN CHEMICALS FOR BROMINATED CARBONATE OLIGOMER FLAME RETARDANTS
DÜSSELDORF, GERMANY – Great Lakes Chemical Corporation (NYSE:GLK) and Teijin Chemicals LTD announced today they intend to combine their global brominated carbonate oligomer (BCO) activities as part of a joint venture to market flame retardants for various engineering polymers and blends, including polybutylene terephalate (PBT) and polycarbonate (PC) resins for use in electronic component applications.
Each party anticipates holding a 50% stake in the joint venture, to be headquartered in Japan, which is expected to commence during the second quarter of 2005. Great Lakes will be appointed exclusive sales agent for the joint venture. Great Lakes currently manufactures brominated carbonate oligomers in its
El Dorado, Arkansas, USA, facilities while Teijin produces the materials in Matsuyama, Japan.
Reader enquiries
Great Lakes Chemical Corporation
9025 North River Road
Suite 400
Indianapolis
Indiana 46240
U.S.A.
Notes for editors
Great Lakes
Great Lakes is the world’s leading producer of flame retardants with an aggressive commitment to technological innovation and product development. Its extensive line of products includes bromine-, phosphorus-, and antimony-based flame retardants and other synergists. These products protect against fire in plastics for consumer applications such as automotive, electrical, building materials, and furnishings.
For more information about these product lines please visit the Great Lakes Flame Retardants website at www.fr.greatlakes.com.
Teijin Chemicals LTD is a leading global manufacturer of polycarbonate resin and sheet PC/ABS compounds, as well as fumigants and flame retardants.
Great Lakes Chemical Corporation
Great Lakes Chemical Corporation is the world’s leading producer of certain specialty chemicals for
such applications as water treatment, household cleaners, flame retardants, polymer stabilizers, fire suppression, and performance chemicals. The stock of the company is traded on the New York Stock Exchange. For more information please visit the Great Lakes web site at www.greatlakes.com.
Editorial enquiries
Janet Gilboy
Great Lakes Chemical Corporation
Paulien Boumans
EMG