Industry News

TOR Minerals International Announces Netherlands Subsidiary Expansion

Published on 2004-12-01. Author : SpecialChem

CORPUS CHRISTI, Texas -- TOR Minerals International (Nasdaq: TORM - News) announced that its Netherlands subsidiary, TOR Processing and Trade B.V. (TP&T), has completed and successfully brought on stream an expansion of a major ALUPREM® product line. Richard Bowers, President and C.E.O. said that the new equipment would allow TP&T to double the output of alumina and ultra fine white pigments for powder coatings, water based paints, and automotive paints as represented by TOR BRITE(TM) and TOR COAT(TM), TOR's recently introduced nanoparticle pigments. Bowers said that demand for the products derived from this line would allow the company to immediately utilize and sell most of the additional capacity.

Mr. Bowers said, "The success of our Netherlands operations and its alumina product lines have been key contributors to our revenue growth over the past year. In the past two years, we have increased capacity by more than 300% to meet the strong demand for these products."

Based in Corpus Christi, Texas, TOR Minerals manufactures pigments in Texas, Malaysia, and the Netherlands which are marketed worldwide.

This statement provides forward-looking information as that term is defined in the Private Securities Litigation Reform Act of 1995, and, therefore, is subject to certain risks and uncertainties. There can be no assurance that the actual results, business conditions, business developments, losses and contingencies and local and foreign factors will not differ materially from those suggested in the forward-looking statements as a result of various factors, including market conditions, general economic conditions, including the risks of a general business slow down or recession, the increasing cost of energy, raw materials and labor, competition, advances in technology, changes in foreign currency rates, freight price increases, commodity price increases, delays in delivery of requirement equipment and other factors.

Source: TOR Minerals International

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