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Lonza Sells Plant

November 22, 2005

Lonza sold the assets of its Pasadena, Bayport, TX site to Gulf Bayport Chemicals (GBC), Houston, TX. Lonza remains committed to the diketene business and will continue to serve its customers from its plant in Visp, Switzerland. GBC was created in June 2004 with the intention to purchase Lonza’s chemical assets in Pasadena, Bayport, TX. GBC will focus on special anhydrides and associated chemicals, but diketene derivatives will not be part of GBC’s production program.

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