SOL & SSL: Sasol Limited - Sasol to Double Production of Waxes in SA
13 Juni 2007 - 8:06PM
PR Newswire (US)
JOHANNESBURG, South Africa, June 13 /PRNewswire-FirstCall/ -- Sasol
Limited (JSE:SOLJSE:NYSE:JSE:SSL) business unit, Sasol Wax, has
announced its intention to double production of waxes in South
Africa. Sasol Wax is the world's leading producer and marketer of
synthetic and petroleum derived waxes, with production facilities
in South Africa and Europe. The waxes, which are manufactured via
the Fischer-Tropsch process, are used in a wide variety of
specialised applications including hot-melt adhesives, polymers,
inks and high performance bitumen modifiers. "Sasol Wax is
substantially expanding production in South Africa to take
advantage of growth in international wax markets," says the MD of
Sasol Wax, Johan du Preez. The project will be implemented in
phases in line with the projected growth in key markets. The first
phase will come into operation in 2010, with the second phase
expected to be completed in 2013. The project will cover the full
range of products from medium melt candle waxes to ultra-hard waxes
for speciality applications. "This investment is in line with
Sasol's strategy to leverage our technological advantage, utilising
our Fischer-Tropsch technology," says Sasol GM for the chemical
cluster Reiner Groh. Sasol Investor Relations Tel.: +27 11 441
3113/3563/3321 Forward-looking statements: In this announcement we
make certain statements that are not historical facts and relate to
analyses and other information based on forecasts of future results
not yet determinable, relating, amongst other things, to exchange
rate fluctuations, volume growth, increases in market share, total
shareholder return and cost reductions. These are forward-looking
statements as defined in the United States Private Securities
Litigation Reform Act of 1995. Words such as "believe",
"anticipate", "intend", "seek", "will", "plan", "could", "may",
"endeavour" and "project" and similar expressions are intended to
identify such forward-looking statements, but are not the exclusive
means of identifying such statements. Forward-looking statements
involve inherent risks and uncertainties and, if one or more of
these risks materialise, or should underlying assumptions prove
incorrect, actual results may be very different from those
anticipated. The factors that could cause our actual results to
differ materially from such forward-looking statements are
discussed more fully in our most recent annual report under the
Securities Exchange Act of 1934 on Form 20-F filed on 2 November
2006 and in other filings with the United States Securities and
Exchange Commission. Forward-looking statements apply only as of
the date on which they are made, and Sasol does not undertake any
obligation to update or revise any of them, whether as a result of
new information, future events or otherwise. DATASOURCE: Sasol
Limited CONTACT: Sasol Investor Relations Tel.: +27 11 441
3113/3563/3321
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