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GCP Applied Technologies Opens Plant in Japan

1228 Days ago

Streamlines Concrete Admixture Production for Infrastructure Projects

CAMBRIDGE, Mass., Sept. 13, 2018 (GLOBE NEWSWIRE) -- GCP Applied Technologies (NYSE:GCP) has opened a state-of-the-art concrete admixture plant in Atsugi, Japan. The manufacturing facility replaces capacity previously produced at GCP’s Darex plant which was sold to Henkel. The investment increases production efficiencies while integrating the latest safety and environmental protections.

GCP’s custom concrete solutions for precast and ready mix customers have been used in large-scale tunneling, building and infrastructure projects, including the renowned Shinkansen high-speed train network, the Chūbu Ōdan, Tōmei and Chūō Highways, as well as the new Naha Airport project in Okinawa.

“Japan is a large, technically-sophisticated construction market and a key location for GCP,” said Gregory E. Poling, GCP’s Chief Executive Officer. “For over fifty years we have provided high-quality construction chemicals and technologies to meet the technical demands of customers, engineers, and owners building critical infrastructure throughout the country.”

GCP entered the Japan market in 1960 as a division of W.R. Grace & Co. The specialty construction chemicals business provides concrete technologies, materials and services for complex concrete construction and infrastructure projects worldwide.

“We are proud to have our long-standing partner Denka with us as we inaugurate this new plant,” said Anderson Gui, GCP’s Regional Commercial Director, North Asia and India. “And it is an honor to continue to serve our valued Japan customers as we grow this important market.”

Media Relations
Paul Keeffe
T +1 617.498.4461
Investor Relations
Joseph DeCristofaro
T +1 617.498.2616

About GCP Applied Technologies

GCP is a leading global provider of construction products technologies that include additives for cement and concrete, the VERIFI® in-transit concrete management system, high-performance waterproofing products, and specialty systems. GCP products have been used to build some of the world’s most renowned structures. More information is available at www.gcpat.com.

This announcement contains “forward-looking statements,” that is, information related to future, not past,  events. Such statements generally include the words “believes,” “plans,” “intends,” “targets,” “will,”  “expects,” “suggests,” “anticipates,” “outlook,” “continues,” or similar expressions. Forward-looking  statements include, without limitation, statements about expected financial positions; results of  operations; cash flows; financing plans; business strategy; operating plans; capital and other  expenditures; competitive positions; growth opportunities for existing products; benefits from new  technology and cost reduction initiatives, plans and objectives; and markets for securities. Like other  businesses, GCP is subject to risks and uncertainties that could cause its actual results to differ  materially from its projections or that could cause other forward-looking statements to prove incorrect.  Factors that could cause actual results to materially differ from those contained in the forward-looking  statements, or that could cause other forward-looking statements to prove incorrect, include, without  limitation, risks related to: the cyclical and seasonal nature of the industries that GCP serves; foreign  operations, especially in emerging regions; changes in currency exchange rates; the cost and availability  of raw materials and energy; the effectiveness of GCP’s research and development, new product  introductions and growth investments; acquisitions and divestitures of assets and gains and losses from  dispositions; developments affecting GCP’s outstanding liquidity and indebtedness, including debt  covenants and interest rate exposure; developments affecting GCP’s funded and unfunded pension  obligations; warranty and product liability claims; legal proceedings; the inability to establish or maintain certain business relationships and relationships with customers and suppliers or the inability to retain key personnel; and the handling of hazardous materials and the costs of compliance with environmental regulation. These and other factors are identified and described in more detail in GCP's Annual Report on Form 10-K, which has been filed with the U.S. Securities and Exchange Commission and is available online at www.sec.gov. Readers are cautioned not to place undue reliance on GCP’s projections and forward-looking statements, which speak only as the date thereof. GCP undertakes no obligation to publicly release any revision to the projections and forward-looking statements contained in this announcement, or to update them to reflect events or circumstances occurring after the date of this announcement.

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