GREAT LAKES AND OXYCHEM COMPLETE 50-50 ANTIMONY OXIDE JOINT VENTURE

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GREAT LAKES AND OXYCHEM COMPLETE 50-50 ANTIMONY OXIDE JOINT VENTURE
27 April 2004 - Great Lakes Chemical Corporation

Great Lakes Chemical Corporation has completed a transaction that will merge its antimony business with OxyChem’s Laurel Industries unit in a 50-50 joint venture, GLCC Laurel, LLC.

The new company will develop, produce, and market antimony-based flame retardants, synergists, and catalysts. The transaction includes the antimony oxide and synergists manufacturing assets, intellectual property, and customer lists for both Great Lakes and Laurel. Great Lakes will act as the managing partner with responsibility for sales, customer service, technical support, credit, and logistics.

“We are moving quickly to integrate the businesses in the shortest time possible to take full advantage of the resulting synergies,” said Harold James, the joint venture’s general manager. “By bringing together complementary products and process technology, we are positioned to continue meeting our customers’ needs for high-quality, competitively-priced antimony oxide products.”

The joint venture includes the Great Lakes Timonox, TMS, and Trutint antimony oxide flame retardants; Pyrobloc sodium antimonate and zinc borate synergists; and Oncor, Smokebloc, and Ongard smoke suppressants, as well as the Fireshield and Thermoguard antimony oxide-based products and PetCat catalyst products marketed by Laurel.

Manufacturing will be consolidated into the existing Great Lakes antimony production facility in Reynosa, Mexico, which is ISO 9001:2000 certified. The Laurel manufacturing facility in LaPorte, Texas, is expected to close by the end of 2004.

http://www.pa.greatlakes.com

About: Great Lakes Chemical Corporation
Great Lakes Chemical Corp’s products and services help treat and purify water, eliminate germs and contaminants from household surfaces, protect against and extinguish fire, and enhance the stability and performance of a wide range of consumer products, such as computers, electronics, cars, packaging, building materials, and furniture. It serve its customers around the world through an integrated network of research, production, sales, distribution and technical services facilities. The stock of the company is traded on the New York Stock Exchange.

Great Lakes Chemical Corporation is the world’s leading producer of certain specialty chemicals for such applications as water treatment, household cleaners, flame retardants, polymer stabilizers, fire suppression, and performance chemicals.

Through its Polymer Additives division, Great Lakes offers a full line of UV stabilizers, antioxidants, additive blends , nucleating agents/clarifiers, and optical monomers, as well as a leading line of flame retardants that include bromine-, phosphorus-, and antimony-based flame retardants and other synergists. These are available as powder blends or in NDB (No Dust Blend) granular form. Each blend contains exactly the correct composition of additives required to achieve optimum polymer quality and productivity.

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