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ASH WI - Ashland Global Holdings Inc News Story

$59.8 0.5  0.9%

Last Trade - 12/05/17

Sector
Basic Materials
Size
Large Cap
Market Cap £3.77bn
Enterprise Value £4.69bn
Revenue £1.68bn
Position in Universe th / 6846

Ashland to increase production capacity for Natrosol™ HEC at Nanjing, China site

Mon 15th March, 2021 11:30am
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Wilmington, Del., March 15, 2021 (GLOBE NEWSWIRE) -- Ashland Global Holdings
Inc. (NYSE: ASH) today announced the company plans to increase production
capacity of Natrosol™ hydroxyethylcellulose (HEC) at the Nanjing, China
site.

“Ashland Natrosol™ rheology modifiers have been the leading cellulosic
thickeners for waterborne architectural coatings for more than fifty years,”
said Guillermo Novo, chairman and chief executive officer, Ashland. “Given
the unprecedented demand and our customer-centric strategy, Ashland will build
upon our previous investments in Nanjing and further expand capacity. This
demonstrates our commitment to invest in Asia. It also supports a key lever of
Ashland’s growth strategy to ensure we can meet our customers’ growing
needs and provide additional supply security across the globe.”

Natrosol™ HEC is a natural product, excellent thickening agent and used
as a non-ionic rheology modifier in industrial and consumer focused
applications. Ashland is the leading global producer of HEC and supplies
essential ingredients for a wide range of industries including paints and
coatings, construction, oil and gas, personal care and pharmaceutical. The
company said the unprecedented demand is a result of consumer trends towards
more sustainable solutions including water-based paint and a global increase
in the building and construction industries and the desire for milder, natural
and sustainable solutions in consumer markets.

About Ashland

Ashland Global Holdings Inc. (NYSE: ASH) is a premier specialty materials
company with a conscious and proactive mindset for sustainability. The company
serves customers in a wide range of consumer and industrial markets, including
adhesives, architectural coatings, automotive, construction, energy, food and
beverage, nutraceuticals, personal care and pharmaceutical. Approximately
4,200 passionate, tenacious solvers – from renowned scientists and research
chemists to talented engineers and plant operators – thrive on developing
practical, innovative and elegant solutions to complex 
problems for customers in more than 100 countries. Visit ashland.com
(http://ashland.com/) and ashland.com/sustainability to learn more. 

FOR FURTHER INFORMATION

Media Relations: 
Carolmarie C. Brown
302-995-3158
ccbrown@ashland.com

Attachment
*     Ashand to increase production for Natrasol HEC - Final 20210312
(https://ml.globenewswire.com/Resource/Download/9c2a07ad-bbfe-4d8e-8c46-43a0ac689976)
(https://www.globenewswire.com/NewsRoom/AttachmentNg/4a5452dd-5050-4f80-a1a0-d12f10889dec)



GlobeNewswire, Inc. 2021
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