Message-ID: <28973160.1075841950036.JavaMail.evans@thyme> Date: Tue, 22 Jan 2002 02:07:10 -0800 (PST) From: emaildelivery@businesswire.com To: tx-industrial-info-res@businesswire.com Subject: New Capacity for the Polypropylene Market Could Arrive in the Second Quarter of 2002, in an Advisory by Industrialinfo.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: emaildelivery@businesswire.com X-To: TX-INDUSTRIAL-INFO-RES@businesswire.com X-cc: X-bcc: X-Folder: \ExMerge - Thomas, Paul D.\Deleted Items X-Origin: THOMAS-P X-FileName: paul d thomas 6-26-02.PST Welcome to eMail News Delivery, a service from Business Wire. Here is your Industrial Information Resources Inc. news release. If you have received this in error please send a message to: eMailDelivery@businesswire.com with the following command in the body of the message: unsubscribe TX-INDUSTRIAL-INFO-RES If you have questions about this service, please contact your Business Wire Account Executive or service@businesswire.com BW2010 JAN 22,2002 2:05 PACIFIC 05:05 EASTERN ( BW)(TX-INDUSTRIAL-INFO-RES) New Capacity for the Polypropylene Market Could Arrive in the Second Quarter of 2002, in an Advisory by Industrialinfo.com Business Editors HOUSTON--(BUSINESS WIRE)--Jan. 22, 2002--The following is an advisory by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). Polypropylene (PP) has enjoyed a growth of over 6% annually until the year 2000 and its future growth is only expected to slow slightly. Polypropylene's diversity in end uses has helped sustain its growth through a very slow 2001 industrial spending year and estimates indicate growth for the next two years will be approximately 4% annually despite a rapidly slowing economy. Polypropylene has a high tensile strength and excellent chemical resistance properties that make it attractive for both industrial and consumer products such as fibers, films, compounded plastics and packaging materials. These qualities and markets supported several years of bullish pricing and strong demand. Capacity increases over the last two years such as new unit additions by both ExxonMobil and Dow has brought nearly 1.2 billion pounds per year of new capacity to the market and translated that into reduced operating rates for some producers as capacity slowly crept past demand. Additional capacity is planned to come online in the second quarter of 2002 when Phillips Petroleum begins operations of its new 775 million pound per year unit at its Bayway refinery in Linden, New Jersey using UNIPOL technology. 2002 will likely result in lower profit margins for most PP producers, but its diversity and a good supply of polymer grade propylene feedstocks will help it remain in a position of growth. Industrialinfo.com provides daily news related to the industrial market place including industry alerts and databases for the energy and industrial markets. For more information on trends and upcoming construction activities in the Chemical markets as well as other industrial sectors send inquiries to chemicalgroup@industrialinfo.com or visit us at www.industrialinfo.com. --30--as/na* CONTACT: Industrial Information Resources Inc., Houston Trey Hamblet, 713/783-5147 www.industrialinfo.com KEYWORD: NEW JERSEY CALIFORNIA INDUSTRY KEYWORD: CHEMICALS/PLASTICS SOURCE: www.industrialinfo.com For the best viewing of the news releases please use the following email settings: Courier 10 point. -Notice of Copyright and General Disclaimer- (c) 2000 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission. - Notice of Copyright and General Disclaimer -- (c) 1999 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission.