Hercules and Uniqema to Extend Synthetic Lubricants Manufacturing Agreement

Hercules Incorporated and Uniqema, a business of ICI Americas, have agreed to extend their long-standing synthetic lubricants manufacturing agreement. Terms were not disclosed. To accommodate this manufacturing agreement, Hercules will initiate a plant expansion at the company’s Louisiana, Missouri facility.

"This is a mutually beneficial multi-year agreement. We anticipate the expansion of our synthetic lubricants capacity will be completed by the second quarter of 2007,” stated Paul Raymond, President, Hercules Paper Technologies and Ventures.

Mark A. Nehra, Product Manager-Americas, Uniqema remarked, “As an industry leader in the refrigeration lubricants market, this expansion demonstrates Uniqema’s long-term commitment to this market.”