Arch Chemicals' Technology Upgrade Will Reduce Operational Costs and Carbon Footprint
11 Aprile 2011 - 3:13PM
Arch Chemicals' (NYSE:ARJ) HTH Water Products business will
be installing new drying technology at its largest global
water sanitizer plant that will reduce operational costs, cut
energy usage and greenhouse gas emissions and expand production
capacity. Under this two-year project, the Company's plant in
Charleston, Tennessee will be upgraded to a more efficient
technology for drying slurries of calcium hypochlorite. After this
phase of production, the water sanitizing product is transformed
into dry tablets, granules and other user-friendly forms for use in
swimming pools and spas and other applications.
Luis Fernandez-Moreno, Arch Chemicals' Executive Vice President
who oversees the HTH Water Products business, explained that, "This
project will strengthen Arch's position as the largest global
supplier of calcium hypochlorite water treatment products by
enhancing both the efficiency and sustainability of our
operations. We have already successfully demonstrated a
similar drying technology at our plant in South Africa, and we're
excited to be implementing it at our largest global facility in
Tennessee."
Michael E. Campbell, Arch's Chairman, President and CEO,
commented, "This project exemplifies our approach to
sustainability: it both benefits the environment through
greater energy efficiency and a reduced carbon footprint, and it
makes us a more valuable supplier. In addition, this
technology upgrade will lower operating costs in our HTH water
products business and is a vital part of the Company's multifaceted
margin-improvement plan."
The project will cost an estimated $30 million over several
years. Arch expects to realize initial savings from this
project starting in 2012 and the full annual benefits of the lower
operating costs in 2013. This upgrade will be completed in
several phases during the Company's annual maintenance outages in
2011 and 2012. In addition to the Charleston plant in
Tennessee, which is the world's largest calcium hypochlorite
manufacturing facility, Arch also has calcium hypochlorite plants
in Brazil and South Africa.
Beyond being the world's largest supplier of swimming pool and
spa treatment chemicals, Arch's Water Products business also
supplies feeder equipment and sanitizing chemicals for use in
municipal drinking water systems and for treating water used in
poultry processing plants, beverage bottle facilities, shrimp
farms, and fruit and vegetable processing operations. This
business also provides products and services for controlling algae
and other nuisance aquatic vegetation in various surface waters,
such as drinking water reservoirs, private and public lakes and
ponds, golf course water hazards and irrigation systems.
Headquartered in Norwalk, Connecticut (USA), Arch Chemicals,
Inc. is a global Biocides company with annual sales of over $1
billion. Arch and its subsidiaries provide innovative,
chemistry-based and related solutions to selectively destroy and
control the growth of harmful microbes. The Company's
businesses are concentrated in water treatment, hair and skin care
products, wood treatment, preservation and protection applications,
such as for paints and building products, and health and hygiene
applications. Arch Chemicals operates in two segments:
Biocides Products and Performance Products. Together with its
subsidiaries, Arch has approximately 3,000 employees and
manufacturing and customer-support facilities in North and South
America, Europe, Asia, Australia and Africa.
Except for historical information contained herein, the
information set forth in this communication contains
forward-looking statements that are based on management's beliefs,
certain assumptions made by management and management's current
expectations, outlook, estimates and projections about the markets
and economy in which the Company and its various businesses
operate. Words such as "anticipates," "believes," "estimates,"
"expects," "forecasts," "intends," "opines," "plans," "predicts,"
"projects," "should," "targets" and variations of such words and
similar expressions are intended to identify such forward-looking
statements. These statements are not guarantees of future
performance and involve certain risks, uncertainties and
assumptions ("Future Factors"), which are difficult to predict.
Therefore, actual outcomes may differ materially from what is
expected or forecasted in such forward-looking statements. The
Company undertakes no obligation to update any forward-looking
statements, whether as a result of future events, new information
or otherwise. Future Factors which could cause actual outcomes to
differ materially from those discussed include but are not limited
to: general economic and business and market conditions; no
improvement or weakening in U.S., European and Asian economies;
increases in interest rates; changes in foreign currencies against
the U.S. dollar; customer acceptance of new products; efficacy of
new technology; changes in U.S. or foreign laws and regulations;
increased competitive and/or customer pressure; loss of key
customers; the Company's ability to maintain chemical price
increases or achieve targeted price increases; higher-than-expected
raw material and energy costs and availability for certain chemical
product lines; unexpected changes in the antidumping duties on
certain products; increased foreign competition in the calcium
hypochlorite markets; inability to obtain transportation for our
chemicals; unfavorable court decisions, including unfavorable
decisions in appeals of antidumping rulings, arbitration or jury
decisions, tax matters or patent matters; the supply/demand balance
for the Company's products, including the impact of excess industry
capacity; failure to achieve targeted cost-reduction programs;
capital expenditures in excess of those scheduled; environmental
costs in excess of those projected; the occurrence of unexpected
manufacturing interruptions/outages at customer, supplier or
Company plants; unfavorable weather conditions for swimming pool
use; inability to expand sales in the professional pool dealer
market; the impact of global weather changes; changes in the
Company's stock price; ability to obtain financing at attractive
rates; financial market disruptions that impact our customers or
suppliers; gains or losses on derivative instruments;
implementation of the Company's R&D consolidation consistent
with the Company's expectations; achievement of the Company's
multi-faceted margin improvement plan, including technology
improvements which result in lower processing, energy and other
costs; and unfavorable changes in the regulatory status of the
Company's products.
CONTACT: Investor Contact: Mark E. Faford (203) 229-3820
Press Contact: Dale N. Walter (203) 229-3033
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