Lucite to Offer Two World Scale MMA Assets to Serve the Growing Demand of American Market

Memphis, TN., USA -- Lucite International, Inc. (LI) announced that it is progressing with its investment to establish 150kte per year production of Methyl Methacrylate (MMA) in 2012 at its Beaumont, Texas, facility. The company will continue to produce MMA at its Memphis, Tennessee, facility, uniquely offering two world scale MMA assets to serve the growing demand of the Americas customer base.

In addition, LI is progressing to commence production of Methacrylic Acid (MAA) at its Beaumont, Texas, facility, in line with the significant investments at the site announced last year. The MAA asset will have a capacity of approximately 23kte per year.

LI/MRC is a global leader in the methacrylates industry with unique access to and understanding of industry requirements. The changes being made now, combined with other investments around the world, are planned to meet increased future customer demand and ensure stable supply to the market.

"These strategic investments are an integral part of an expanding and comprehensive global asset base, which reinforce and delivers LIs strategic commitment to the merchant market in the Americas and on a global basis for MMA and MAA," said Robert Connolly, Business Director Monomers. "As demand strengthens LI is uniquely positioned to support the future growth of our customers."

About Lucite International

LI is a global leader in the design, development and manufacture of acrylic-based products. With manufacturing, sales and distribution capabilities across EAME, The Americas and Asia Pacific, LI is the energy and driving force behind some of the worlds best known branded acrylic products, which make a significant contribution to a wide range of growing sectors and geographic markets. Since being acquired by Mitsubishi Rayon Co Ltd in 2009, LI has further strengthened its position as one of the worlds largest supplier of MMA, the essential building block for all acrylics.