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Tuesday, October 10, 2006

Rohm & Haas reorganizing; emerging markets a focus - MarketWatch

Rohm & Haas reorganizing; emerging markets a focus - MarketWatch: "The company plans to organize its existing businesses under divisions called electronic materials, specialty materials and performance materials and place more of its top executives in markets outside the U.S. and E.U.

Chief Executive Raj Gupta said in an interview Monday that the Philadelphia company's performance has been very good in the last couple years, but one metric where it has fallen short is organic demand growth. A more localized presence in its various markets will provide customers with customization and speed of service that can turn that around, he said.

Gupta expects Rohm & Haas' growth in developed markets such as the U.S. and Western Europe to be around 3% or 4%, while emerging markets are expected to be 15% or better."

If you are looking for investments and wondered if there was anything in the painting industry worth considering, take a close look at Rohm & Haas.

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