Adhesives & Sealants Headlines

Rohm And Haas Chairman Addresses Goldman Sachs Financial Conference

August 1, 2002
/ Print / Reprints /
ShareMore
/ Text Size+
PHILADELPHIA -- Rohm and Haas Chairman and CEO Raj L. Gupta recently told investors that Rohm and Haas is committed to sustainable top-line growth led by the continued introduction of new products into key markets.

Speaking at the Goldman Sachs Conference in Florida, Gupta said, "We have a more profitable portfolio of products, focused on delivering customers' needs in the fastest growing markets we serve, and we're putting significant investment in areas that will improve our ability to deliver new technology to our customers."

Gupta noted that the company expects to spend approximately $250 million for research and development in 2002, an approximately 10% increase over the last year, with a focus on products aimed at several key markets including coatings, electronics and adhesives. The increased investment and innovation focus has resulted in an almost two-fold increase in the number of patent applications in the past several years.

The chairman also reported that the company is remaining focused on operational efficiency, with good progress on the company's efforts to reduce the overall cost structure of the organization. Gupta noted that cost reductions made by the end of the first quarter have lowered the company's run rate by approximately $150 million, and the goal to achieve a $200 million lower run rate by October 2002 is on track.

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

ASI April 2014 Photo Gallery

Our April 2014 issue is now available!

Podcasts

ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts

Adhesives & Sealants Industry Magazine

ASI January 2015 cover

2015 January

We're covering high-tech applications, mixer technologies, the packaging of adhesives and sealants, and more in our January 2015 issue. Don't miss it!

Table Of Contents Subscribe

Bonding Plastics

Are you involved in bonding plastics or other difficult-to-bond substrates?
View Results Poll Archive

THE ADHESIVES STORE

handbook-sealant-tech.gif
Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

ASI 2014 Buyers GuideASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

STAY CONNECTED

facebook_40px twitter_40  youtube_40pxlinkedin_40 google+ icon ASI 30px

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.