Stocks & Investing
Wed, August 24, 2011Tue, August 23, 2011ING Groep N.V. 6.20% ING Perpetual Debt Securities (NYSE:ISP), Down By 5.18% ($0.95) From $18.330 After BUYINS.NET Report Predi
Published in Stocks and Investing on Wednesday, August 24th 2011 at 5:33 GMT by WOPRAI
August 24, 2011 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a provider of unique trading technologies, released a report on Saturday, August 13th 2011 stating that ING Groep N.V. 6.20% ING Perpetual Debt Securities (NYSE:ISP) was expected to go Down due to the Bearish conditions presented in the following report. Click here to view the BUYINS.NET report: http://www.buyins.net/tools/symbol_stats.php?sym=isp
At the time this story was written, ING Groep N.V. 6.20% ING Perpetual Debt Securities (NYSE:ISP) is Down By $0.95 (5.18%) since the BUYINS.NET report was released.
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ING Groep N.V. 6.20% ING Perpetual Debt Securities (NYSE:ISP) - International Specialty Products Inc. (ISP), formerly known as ISP Holdings Inc. and incorporated in 1991, is a multinational manufacturer of specialty chemicals and mineral products. ISP operates its business exclusively through its direct and indirect subsidiaries. ISP Chemco, a wholly owned subsidiary, operates the Company's specialty chemicals business. In 2001, ISP Investco was formed for the purpose of holding all of the Company's investment assets and related liabilities.
In December 2001, the Company entered into a letter agreement to sell its pharmaceutical fine chemicals business to Pharmaceutical Resources, Inc. On March 14, 2002, the Company announced that the sale would not be consummated, due to the failure of Pharmaceutical Resources to proceed with the transaction in a timely manner.
Specialty Chemicals
The Company manufactures a broad spectrum of specialty chemicals that have numerous applications in consumer and industrial products. ISP uses proprietary technology to convert various raw materials, through a chain of one or more processing steps, into increasingly complex and higher value-added specialty chemicals, which are specifically developed to meet customer requirements.
ISP's specialty chemicals business is organized based upon the markets for its products. The Company manages its specialty chemicals in the following three business segments: Personal Care, which sells its products to the skin-care and hair-care markets; Pharmaceutical, Food and Beverage, which sells its products to these three government-regulated industries, and Performance Chemicals, Fine Chemicals and Industrial, which sells its products to numerous consumer and industrial markets.
The Company conducts its international operations through 39 subsidiaries and 48 sales offices located in Europe, Canada, Latin America and the Asia Pacific region.
Mineral Products
ISP manufactures mineral products consisting of semi-ceramic-coated colored roofing granules, algae-resistant granules and headlap granules, which are produced from rock deposits that are mined and crushed at the Company's quarries. The Company utilizes a proprietary process to produce its colored and algae-resistant roofing granules. It sells its mineral roofing granules primarily to the United States roofing industry for use in the manufacture of asphalt roofing shingles. The granules help to provide weather resistance, decorative coloring, heat deflection and increased weight in the shingle.
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