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H.B. Fuller to Invest Further in Asia Pacific; Building New Specialty Adhesive Facility in China to Foster Organic Growth in Region.

Published on 2008-07-22. Author : SpecialChem

ST. PAUL, Minn. -- H.B. Fuller Company announced that it will invest further in its Asia Pacific region through building a new hot melt moisture cure (HMMC) and polyisobutylene (PIB) manufacturing facility in China. This investment is in line with the Company's five-year strategy and focus on geographic expansion.

Construction on the new facility is expected to commence in early 2009 with production expected to begin in early 2010. The new facility, together with the Company's new Asia Pacific technology center, will enable the Company to more fully serve the needs of its customers in the region. The facility will produce specialty adhesives for textile and performance wood applications, which include insulating glass, textile lamination, and footwear.

"H.B. Fuller is committed to investing for organic growth in key developing economies, including the Asia Pacific region. The new plant further supports this strategy by building an enhanced supply chain capability to better serve our customers in this region. We are confident that this will further accelerate our existing organic growth profile in Asia," said Michele Volpi, president and chief executive officer.

About H.B. Fuller Company:

H.B. Fuller Company is a leading worldwide manufacturer and marketer of adhesives, sealants, paints and other specialty chemical products, with fiscal 2007 net revenue of $1.4 billion. Its common stock is traded on the New York Stock Exchange under the symbol FUL.

Forward-Looking Statements:

Certain statements in this document may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to various risks and uncertainties, including but not limited to the following: the Company's ability to effectively integrate and operate acquired businesses; political and economic conditions; product demand; competitive products and pricing; costs of and savings from restructuring initiatives; geographic and product mix; availability and price of raw materials; the Company's relationships with its major customers and suppliers; changes in tax laws and tariffs; devaluations and other foreign exchange rate fluctuations; the impact of litigation and environmental matters; the effect of new accounting pronouncements and accounting charges and credits; and similar matters. Further information about the various risks and uncertainties can be found in the Company's SEC 10-Q filings of April 4, 2008 and July 2, 2008 and 10-K filing of January 30, 2008. All forward-looking information represents management's best judgment as of this date based on information currently available that in the future may prove to have been inaccurate. Additionally, the variety of products sold by the Company and the regions where the Company does business make it difficult to determine with certainty the increases or decreases in net revenue resulting from changes in the volume of products sold, currency impact, changes in product mix, and selling prices. However, management's best estimates of these changes as well as changes in other factors have been included.

Source: H.B. Fuller Company


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