07 October 2007

Ameron Acquires Fiberglass Pipe Company in Brazil

PASADENA, Calif.--(BUSINESS WIRE)--Ameron International Corporation (NYSE:AMN) announced today that the Company had completed the acquisition of Polyplaster, Ltda., a privately-owned, fiberglass-pipe manufacturer located in Betim, Brazil, near the city of Belo Horizonte. Polyplaster primarily supplies polyester, fiberglass-pipe systems to the water, wastewater and industrial markets in Brazil.

Polyplaster is expected to provide Ameron with a solid base business and the foundation for an expansion program in South America. Additionally, Ameron plans to construct two new plants in Betim, Brazil in the near future. One plant will be dedicated to the production of Ameron's Centron fiberglass-pipe product for onshore oilfield applications. The other will be dedicated to the production of Ameron's Bondstrand® epoxy fiberglass-pipe products for marine vessels and offshore platforms and a wide range of chemical and industrial applications. Ameron plans to serve all South American markets from Brazil. The demand for epoxy fiberglass pipe in South America is strong, and the Company expects to significantly enhance its competitive position in South America with these investments.

James S. Marlen, Ameron's Chairman, President and Chief Executive Officer, stated, "Polyplaster has been a consistently profitable and well-managed business, and it represents an excellent strategic fit. Ameron is a global leader in the composite-pipe industry with plants in the U.S., Asia and Europe. Importantly, Polyplaster will be instrumental in executing Ameron's growth strategy in South America."

Ameron International Corporation is a multinational manufacturer of highly-engineered products and materials for the chemical, industrial, energy, transportation and infrastructure markets. Traded on the New York Stock Exchange (AMN), Ameron is a leading producer of water transmission lines and fabricated steel products, such as wind towers; fiberglass-composite pipe for transporting oil, chemicals and corrosive fluids and specialized materials and products used in infrastructure projects. The Company operates businesses in North America, South America, Europe and Asia. It also participates in several joint-venture companies in the U.S. and the Middle East.-(b.wire)

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Lebanon Time-Line

Introducing Lebanon

Coolly combining the ancient with the ultramodern, Lebanon is one of the most captivating countries in the Middle East. From the Phoenician findings of Tyre (Sour) and Roman Baalbek's tremendous temple to Beirut's BO18 and Bernard Khoury's modern movement, the span of Lebanon's history leaves many visitors spinning. Tripoli (Trablous) is considered to have the best souk in the country and is famous for its Mamluk architecture. It's well equipped with a taste of modernity as well; Jounieh, formerly a sleepy fishing village, is a town alive with nightclubs and glitz on summer weekends.

With all of the Middle East's best bits - warm and welcoming people, mind-blowing history and considerable culture, Lebanon is also the antithesis of many people's imaginings of the Middle East: mostly mountainous with skiing to boot, it's also laid-back, liberal and fun. While Beirut is fast becoming the region's party place, Lebanon is working hard to recapture its crown as the 'Paris of the Orient'.

The rejuvenation of the Beirut Central District is one of the largest, most ambitious urban redevelopment projects ever undertaken. Travellers will find the excitement surrounding this and other developments and designs palpable - and very infectious.

Finally, Lebanon's cuisine is considered the richest of the region. From hummus to hommard (lobster), you'll dine like a king. With legendary sights, hospitality, food and nightlife, what more could a traveller want?

Introducing Beirut

What Beirut is depends entirely on where you are. If you’re gazing at the beautifully reconstructed colonial relics and mosques of central Beirut’s Downtown, the city is a triumph of rejuvenation over disaster.

If you’re in the young, vibrant neighbourhoods of Gemmayzeh or Achrafiye, Beirut is about living for the moment: partying, eating and drinking as if there’s no tomorrow. If you’re standing in the shadow of buildings still peppered with bullet holes, or walking the Green Line with an elderly resident, it’s a city of bitter memories and a dark past. If you’re with Beirut’s Armenians, Beirut is about salvation; if you’re with its handful of Jews, it’s about hiding your true identity. Here you’ll find the freest gay scene in the Arab Middle East, yet homosexuality is still illegal. If you’re in one of Beirut’s southern refugee camps, Beirut is about sorrow and displacement; other southern districts are considered a base for paramilitary operations and south Beirut is home to infamous Hezbollah secretary general, Hassan Nasrallah. For some, it’s a city of fear; for others, freedom.

Throw in maniacal drivers, air pollution from old, smoking Mercedes taxis, world-class universities, bars to rival Soho and coffee thicker than mud, political demonstrations, and swimming pools awash with more silicone than Miami. Add people so friendly you’ll swear it can’t be true, a political situation existing on a knife-edge, internationally renowned museums and gallery openings that continue in the face of explosions, assassinations and power cuts, and you’ll find that you’ve never experienced a capital city quite so alive and kicking – despite its frequent volatility.