Dispersants Price Increase, First in Over 6 Years

Apr 26, 2001, 01:00 ET from GEO Specialty Chemicals, Inc.

    HORSHAM, Pa., April 26 /PRNewswire/ -- The Process Industries Group of GEO
 Specialty Chemicals, Inc. announces a price increase for its Lomar(R) and
 Diloflo(R) naphthalene sulfonate condensates (NSC). Liquid prices will
 increase 1 cent per pound while powder prices will increase 2 cents per pound.
     Prices for these products have remained stable for over 6 years, because
 of GEO's ability to implement efficient manufacturing practices and favorable
 purchases of key raw materials and utilities. The announced price increase is
 due to price increases of raw materials, the recent reduction of North
 American suppliers of naphthalene, from four to two, and dramatic rise in
 energy costs.
     Prices will be effective June 1, 2001 or as contracts permit.
     GEO Specialty Chemicals has the most diverse product line of NSC's and
 other specialty products serving the concrete admixture and gypsum board
 industries.  GEO's commitment is to be the leader in this chemistry, as well
 as to spearhead the development of new technologies that deliver value to the
 industries we serve.
     GEO Specialty Chemicals is a global manufacturer of specialty chemicals
 serving the water treatment, coatings, construction, opto-electronics and
 compound semiconductor industries.  GEO has fifteen plants in the USA and two
 plants in Europe.
 
     Statement Regarding Forward-Looking Statements
     Some of the statements made in this press release, including statements
 containing the words "believes," "intends," "expects," "plans," "estimates,"
 "will" or similar words, constitute forward-looking statements under the
 federal securities laws. These forward-looking statements involve known and
 unknown risks, uncertainties and other factors that may cause the actual
 results, performance or achievements of GEO or its industry to be materially
 different from any future results, performance or achievements expressed or
 implied by such forward-looking statements. Some of the factors that could
 cause or contribute to such a difference include: (a) changes in general
 economic conditions that might impact the demand for GEO's products, in the
 United States or in the foreign countries where GEO sells products; (b)
 decreases in customer spending levels due to general economic conditions or
 other factors affecting the volume of business of GEO's customers; (c) the
 increased risk during economic downturns that GEO's customers may declare
 bankruptcy or experience payment difficulties; (d) increases in GEO's cost of
 borrowing or a default or covenant violation under GEO's indenture or other
 material debt agreement; (e) GEO's inability to effectively integrate acquired
 businesses or efficiently expand operations, or its incurrence of greater than
 expected expenses in connection with operating acquired businesses or
 expanding operations; and (f) changes in environmental or other governmental
 regulations or enforcement.
 
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SOURCE GEO Specialty Chemicals, Inc.
    HORSHAM, Pa., April 26 /PRNewswire/ -- The Process Industries Group of GEO
 Specialty Chemicals, Inc. announces a price increase for its Lomar(R) and
 Diloflo(R) naphthalene sulfonate condensates (NSC). Liquid prices will
 increase 1 cent per pound while powder prices will increase 2 cents per pound.
     Prices for these products have remained stable for over 6 years, because
 of GEO's ability to implement efficient manufacturing practices and favorable
 purchases of key raw materials and utilities. The announced price increase is
 due to price increases of raw materials, the recent reduction of North
 American suppliers of naphthalene, from four to two, and dramatic rise in
 energy costs.
     Prices will be effective June 1, 2001 or as contracts permit.
     GEO Specialty Chemicals has the most diverse product line of NSC's and
 other specialty products serving the concrete admixture and gypsum board
 industries.  GEO's commitment is to be the leader in this chemistry, as well
 as to spearhead the development of new technologies that deliver value to the
 industries we serve.
     GEO Specialty Chemicals is a global manufacturer of specialty chemicals
 serving the water treatment, coatings, construction, opto-electronics and
 compound semiconductor industries.  GEO has fifteen plants in the USA and two
 plants in Europe.
 
     Statement Regarding Forward-Looking Statements
     Some of the statements made in this press release, including statements
 containing the words "believes," "intends," "expects," "plans," "estimates,"
 "will" or similar words, constitute forward-looking statements under the
 federal securities laws. These forward-looking statements involve known and
 unknown risks, uncertainties and other factors that may cause the actual
 results, performance or achievements of GEO or its industry to be materially
 different from any future results, performance or achievements expressed or
 implied by such forward-looking statements. Some of the factors that could
 cause or contribute to such a difference include: (a) changes in general
 economic conditions that might impact the demand for GEO's products, in the
 United States or in the foreign countries where GEO sells products; (b)
 decreases in customer spending levels due to general economic conditions or
 other factors affecting the volume of business of GEO's customers; (c) the
 increased risk during economic downturns that GEO's customers may declare
 bankruptcy or experience payment difficulties; (d) increases in GEO's cost of
 borrowing or a default or covenant violation under GEO's indenture or other
 material debt agreement; (e) GEO's inability to effectively integrate acquired
 businesses or efficiently expand operations, or its incurrence of greater than
 expected expenses in connection with operating acquired businesses or
 expanding operations; and (f) changes in environmental or other governmental
 regulations or enforcement.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X11256822
 
 SOURCE  GEO Specialty Chemicals, Inc.