Grace Opens New Innovation Center in Poland
COLUMBIA, Md.--(BUSINESS WIRE)--July 30, 2007--W. R. Grace & Co.
(NYSE:GRA) is expanding its R&D capabilities in Europe with the
official grand opening of an innovation center in Poznan, Poland
today. The celebration includes speeches by local government and
university officials and business executives, a tour of the facility
and a press conference.
The facility is currently staffed by nine Ph.D. scientists that
are developing new technology platforms and products for customers in
the construction and packaging industries. The center is fully
integrated into the global Grace R&D community.
Grace President & CEO Fred Festa, remarked, "The opening of this
center represents an increased focus on innovation for our company.
Unique and innovative products are the key source of our competitive
advantage and enable us to be market leaders and important partners
for our customers. The investment in innovation is imperative for our
future successes and growth."
Grace has been a member of the Polish business community for 15
years. The first representative office was opened in 1992 in Warsaw
with a second location following in Poznan in 1998. Over the years,
the Grace organization in Poland has increased, with staff in the
country now responsible for activity in the Baltic States (Lithuania,
Latvia and Estonia), Ukraine, Czech Republic and Slovakia. The Poznan
lab joins a commercial office already located in Poznan and is part of
a continuing effort to provide more resources closer to customers
throughout Central Europe. The lab is the most recent addition to
Grace's network in Europe that includes manufacturing facilities, labs
and administrative offices in more than a dozen countries.
Festa continued, "Our activities in Poland and the surrounding
countries are important to our overall success in Europe, with
revenues from the region surpassing $1 billion in 2006."
The lab is located in the newly constructed Poznan Science and
Technology Park run by The Foundation of Adam Mickiewicz University.
Its address is: Grace Sp.z o.o. ul. Rubiez 46, Poznan 61-612, Poland.
The phone number is +48 61-8276871. The fax number is +48 61-8220063.
Grace is a leading global supplier of catalysts and other products
and services to petroleum refiners; catalysts for the manufacture of
plastics; silica-based engineered and specialty materials for a wide
range of industrial applications; specialty chemicals, additives and
materials for commercial and residential construction; and can
sealants and coatings for food packaging. With annual sales of more
than $2.8 billion, Grace has about 6,500 employees and operations in
over 40 countries. For more information, visit Grace's web site at
www.grace.com.
CONTACT: W. R. Grace & Co.
Media Relations:
Andrea Greenan, +1 410-531-4391
andrea.greenan@grace.com
or
Investor Relations:
Bridget Sarikas, +1 410-531-4194
bridget.sarikas@grace.com
SOURCE: W. R. Grace & Co.