TPC Group Announces Price Increases on Polyisobutylene Products Line
HOUSTON, May 12, 2010 /PRNewswire via COMTEX News Network/ -- The Performance Products segment of TPC Group Inc. (NASDAQ:TPCG) today announced price increases of up to 15 percent on its polyisobutylene products line due to continuing high prices for C4 feedstock.
The increases are effective June 1, 2010 or as applicable contracts allow. These price increases are in addition to all price increases previously announced for such products.
About TPC Group
TPC Group Inc. is a leading producer of value-added products derived from niche petrochemical raw materials such as C4 hydrocarbons. The Company sells its products into a wide range of performance, specialty and intermediate markets, including synthetic rubber, fuels, lubricant additives, plastics and surfactants. Headquartered in Houston, Texas, and with an operating history of over 68 years, the Company has manufacturing facilities in the industrial corridor adjacent to the Houston Ship Channel, Port Neches and Baytown, Texas and operates a product terminal in Lake Charles, Louisiana. For more information, visit the Company's website at http://www.tpcgrp.com.
Cautionary Information Regarding Forward-Looking Statements
Certain statements in this news release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include assumptions, expectations, predictions, intentions or beliefs about future events. Although TPC Group believes that such statements are based on reasonable assumptions, no assurance can be given that such statements will prove to have been correct. A number of factors could cause actual results to vary materially from those expressed or implied in any forward-looking statements. More information about the risks and uncertainties relating to TPC Group and the forward-looking statements are found in the Company's SEC filings, including its Registration Statement on Form 10, as amended, which is available free of charge on the SEC's web site at http://www.sec.gov. TPC Group expressly disclaims any obligation to update any forward-looking statements contained in this news release to reflect events or circumstances that may arise after the date of this release, except as otherwise required by applicable law.
Investor Relations
Contact: Robert Whitlow
Email: robert.whitlow@tpcgrp.com
Phone: 713-627-7474
Contact: Ruth Dreessen
Email: ruth.dreessen@tpcgrp.com
Phone: 713-627-7474
Media Relations
Contact: Sara Cronin
Email: sara.cronin@tpcgrp.com
Phone: 713-627-7474
SOURCE TPC Group Inc.
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