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TheStreet Open House

OMNOVA Solutions Announces It Will Repurpose SB Latex Capacity At Its Mogadore, Ohio Performance Chemicals Plant And Save Approximately $4 Million Per Year

OMNOVA's plants in Mogadore and Akron, Ohio are part of the Company's global network of manufacturing facilities and partner relationships, offering ample capacity for growth in SB latex and other specialty chemicals.  OMNOVA has chemical plants in Green Bay, Wisconsin; Calhoun, Georgia; Chester, South Carolina; Fitchburg, Massachusetts; Caojing and Ningbo, China; Le Havre, France; and Valia, India.  The Caojing plant is nearing completion of an expansion that will give the Company increased capabilities to produce a wider range of SB emulsion polymer solutions for the fast-growing Asian markets. 

This press release includes descriptions of OMNOVA's current business, operations, assets and other matters affecting the Company as well as "forward-looking statements" as defined by federal securities laws.  All forward-looking statements by the Company including verbal statements are intended to qualify for the protections afforded forward-looking statements under the Private Securities Litigation Reform Act of 1995.  Forward-looking statements reflect management's current expectation, judgment, belief, assumption, estimate or forecast about future events, circumstances or results and may address business conditions and prospects, strategy, capital structure, sales, profits, earnings, markets, products, technology, operations, customers, raw materials, claims and litigations, financial condition, and accounting policies among other matters.  Words such as, but not limited to, "will," "may," "should," "projects," "forecasts," "seeks," "believes," "expects," "anticipates," "estimates," "intends," "plans," "targets," "optimistic," "likely," "would," "could," and similar expressions or phrases identify forward-looking statements.

All descriptions of OMNOVA's current business, operations and assets, as well as all forward-looking statements involve risks and uncertainties.  Many risks and uncertainties are inherent in business generally and the markets in which the Company operations or proposes to operate.  Other risks and uncertainties are more specific to the Company's businesses including businesses the Company acquires.  There may be risks and uncertainties not currently known to us.  The occurrence of such risks and uncertainties and the impact of such occurrences is often not predictable or within the Company's control.  Such impacts could adversely effect the Company's business, operations or assets as well as the Company's results and, in some cases, such effect could be material.  Certain risk factors facing the Company are described below or in the Company's quarterly report Form 10-Q and Annual Report on Form 10-K.

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