Industry News

Rohm and Haas Vice President Alan E. Barton Speaks at Lehman Brothers Conference

Published on 2005-06-20. Author : SpecialChem

PHILADELPHIA -- Alan E. Barton, Rohm and Haas Company (NYSE: ROH) Vice President and Coatings Business Director, spoke during a Lehman Brothers Investor Conference Call, and told the attendees that the company continues to expects its Coatings business to grow at rates faster than the overall market, due to growth opportunities in the Asia-Pacific region, the on-going conversion from solvent-based to water-based technologies, and the continued shift to higher quality, all-acrylic coatings, particularly for the decorative market.

Barton said that the Architectural and Functional Coatings business is the largest within Rohm and Haas Company, and provides a wide variety of intermediates to the coatings industry, where it holds a leading global position, reflecting sales in 2004 of approximately $1.9 billion. "Our company has over 50 years of experience in acrylic chemistry, and we have been a key source of innovative technology to drive the conversion from solvent-based systems to water-based products in architectural, industrial and construction markets," he said. "In most cases, we were the first with these water-based alternatives. Today, we remain the leader in this technology."

The right kind of innovation, said Barton, enables the business to outpace the market. He noted that in North America, Rohm and Haas Company volume shipments have grown at 5.9 percent compound annual growth rate over the last 14 years, as compared to overall market growth rates of only 2.8 percent. He attributed this difference to the company's technology differentiation, marketing initiatives, a global, efficient manufacturing footprint and supply chain, as well as reliable and captive monomer supply.

Barton closed his presentation with a review of the company's longer-term performance goals, which includes organic sales growth in the 4 to 6 percent range, after-tax earnings margins of 8 to 10 percent on sales through the economic cycle, return on capital employed of 10 to 12 percent, and cash from operations greater that 12 percent of sales. "Rohm and Haas Company is a much stronger company today, with a global footprint and a balanced global portfolio of businesses serving dynamic and important markets around the world," Barton said. "We believe that we are well positioned to continue to deliver sales, earnings and cash flow growth in the years ahead, with expanding profit margins and improved return on investment."

About Rohm and Haas Company

Rohm and Haas is a Philadelphia-based specialty materials company which makes products for the personal care, grocery, home and construction markets, and the electronics industry. The company had annual sales of approximately $7.3 billion in 2004 with operations in 27 countries.

This release includes forward-looking statements. Actual results could vary materially, due to changes in current expectations. The forward-looking statements contained in this announcement involve risks and uncertainties, and are subject to change based on various factors, including the cost of raw materials, natural gas, and other energy sources, and the ability to achieve price increases to offset such cost increases, development of operational efficiencies, changes in foreign currencies, changes in interest rates, the continued timely development and acceptance of new products and services, the impact of competitive products and pricing, the impact of new accounting standards, assessments for asset impairments, and the impact of tax and other legislation and regulation in the jurisdictions in which the company operates. Further information about these risks can be found in the company's SEC 10-K filing of March 8, 2004.

Source: Rohm and Haas

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