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VERSUM MATERIALS INC (VSM)
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Versum Materials : Receives Gold Award from Encina Wastewater Authority

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06/07/2017 | 08:15pm CET

Versum Materials is honored for protecting the environment

Recognizing the critical role industries play in protecting the environment, the Encina Wastewater Authority (EWA) honored Versum Materials' Carlsbad Advanced Materials facility with its prestigious Gold Award. Earning this distinction requires that businesses meet stringent discharge limits and undergo unannounced inspections and sampling by EWA personnel to verify compliance. This is the fourth consecutive year that the Carlsbad facility has been recognized by EWA with this award.

To receive the Gold Award, the Carlsbad facility had to pass its' annual inspection, meet its' discharge limits (as demonstrated with no less than eight wastewater tests annually), and submit two semiannual reports documenting compliance with the EWA's wastewater discharge permit. The pretreatment requirements that Versum follows not only protect our fragile, local marine ecosystem ensuring a clean wastewater system, but also prevent wastewater treatment plant operators from being injured due to toxic or potentially harmful substances.

(Left to Right); Judy Ritter, Chair of EWA board of directors, Vince Huertero, Versum Materials' Senior Principal Engineering Technician, Doug Taniguchi, Versum Materials' Senior Principal Facility Engineer, George Henry, Versum Materials' Production Supervisor, and Michael Steinlicht, EWA General Manager

Eileen Turner, Advanced Materials Operations Director, stated: 'We are proud of all the employees at our Carlsbad facility for their focus on the environment and their attention to detail, and are pleased that we have received this award the past four years, and many other times over the last 30 years. We may be a new company, but the Carlsbad site team has a well-established history of doing things right the first time as well as being committed to the Company's EH&S Policy to comply with all applicable environmental, health, and safety laws and regulations, operating our plants and facilities in a manner that protects the environment and the health, safety and security of our employees, contractors and the public.'

Located in Carlsbad, California, the Encina Wastewater Authority (EWA) provides wastewater treatment services to over 400,000 residents and regulates approximately 600 businesses in a 125 square mile service area of Northwest San Diego County. EWA is owned by six public agencies in a unique arrangement called a Joint Powers Agreement. Under this agreement, these agencies agree to share in the costs and management of EWA to attract more economical and high-tech facilities than they would on their own. The six owners are: City of Carlsbad, City of Vista, City of Encinitas, Vallecitos Water District, Buena Sanitation District and Leucadia Wastewater District.

Versum Materials Inc. published this content on 07 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 07 June 2017 18:15:23 UTC.

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Financials ($)
Sales 2018 1 282 M
EBIT 2018 370 M
Net income 2018 201 M
Debt 2018 591 M
Yield 2018 0,43%
P/E ratio 2018 18,91
P/E ratio 2019 14,95
EV / Sales 2018 3,58x
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Average target price 43,0 $
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NameTitle
Guillermo Novo President, Chief Executive Officer & Director
Seifollah Ghasemi Non-Executive Chairman
Patrick F. Loughlin Senior Vice President-Operations & Supply Chain
George G. Bitto Chief Financial Officer & Executive Vice President
John G. Langan Chief Technology Officer & Senior Vice President
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