|
|
Rockwood Press Release
Rockwood Holdings and the Electrification Coalition
Support Introduction of Senate and House Bills to
Provide Incentives for Electric Vehicles
Princeton, NJ USA (June 24, 2010) – Rockwood Holdings, Inc. (NYSE: ROC) is a member of the Electrification Coalition, a non-partisan, not-for-profit coalition of business leaders, working to support the electrification of the transportation system and a reduction in US dependence on oil. The Coalition is a supporter of recently introduced bi-partisan legislation in the House and Senate which provides incentives for the creation of infrastructure to support the introduction of electric vehicles on a wide scale. In particular the bills provide tax credit incentives to create deployment communities, specific geographic locations where there would be large scale introduction of electric vehicles.
Seifi Ghasemi, Chairman and CEO of Rockwood Holdings, Inc. (NYSE:ROC), recently spoke at a press conference announcing the legislation. The House legislation, entitled the “Electric Drive Vehicle Deployment Act of 2010” is being cosponsored by House Select Committee on Energy Independence and Global Warming Chairman Ed Markey (D-MA), Rep. Judy Biggert (R-IL), Rep. Anna Eshoo (D-CA) and Rep. Jerry McNerney (D-CA). The Senate bill, entitled the “Electric Vehicle Deployment Act of 2010” is being introduced by Senators Byron Dorgan (D-ND), Lamar Alexander (R-TN) and Jeff Merkley (D-OR).
Rockwood Holdings, Inc. is a leading global specialty chemicals and advanced materials company. Rockwood has a worldwide employee base of approximately 9,500 people and annual net sales of approximately $3 billion. The company focuses on global niche segments of the specialty chemicals, pigments and additives and advanced materials markets. For more information on Rockwood, please visit www.rocksp.com.
|
