Industry News

Grace Opens New Office in the Russian Federation

Published on 2006-06-01. Author : SpecialChem

COLUMBIA, Md. -- W. R. Grace & Co. (NYSE:GRA - News) is expanding its reach in Eastern Europe with the opening of a new office in Moscow, Russian Federation.

The office serves as the central location for Grace's marketing efforts to the Russian Federation and has 14 staff members representing several Grace product lines, including Refining Technologies, Engineered Materials and Darex Packaging Technologies.

The formal opening of the office is scheduled for June 1 and will include regional Grace business leaders and members of the corporate staff.

Fred Festa, President and CEO of Grace, remarked, "Eastern Europe is growing like few other places in the world. The region offers a number of opportunities as countries with expanding or emerging economies make significant infrastructure investments and experience population growth. We want to help clients in the region achieve their potential, and this office enables us to better meet their needs and have greater daily interaction."

The address of the office is Grace GmbH & Co. KG, Moscow Representative Office, 18, Yamskogo Polya 3rd Str., Moscow 125040, Russian Federation. The telephone number is (7495) 937 4840 and the fax number is (7495) 937 4841.

Grace has been active in the Russian market for more than 15 years, gaining a foothold by providing fluid catalytic cracking catalysts to the region's petroleum refining industry. Grace opened offices in Eastern Europe in 1992 with facilities in Poland and Hungary. The first office in Russia was opened in 1994 and expanded the following year. Sales within the Russian Federation for 2005 were approximately $25 million and within all of Eastern Europe were over $110 million.

Grace is a leading global supplier of catalysts and other products and services to petroleum refiners; catalysts for the manufacture of plastics; silica-based engineered and specialty materials for a wide-range of industrial applications; specialty chemicals, additives and materials for commercial and residential construction; and can sealants and coatings for food packaging. With annual sales of more than $2.5 billion, Grace has over 6,400 employees in nearly 40 countries.

Source: W. R. Grace & Co.

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