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.
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By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that predictions, forecasts, projections and other forward-looking statements will not be achieved. If one or more of these risks materialize, 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 the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements are discussed more fully in our registration statement under the Securities Exchange Act of 1934 on Form 20-F filed on November 3, 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 we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise.
