SOCMA Member Equinox Chemicals Tells Congress: Updating Federal Standards Will Spur Innovation, Economic Growth
FOR IMMEDIATE RELEASE
February 29, 2012
Manager, Public Relations & Media
Washington, DC – During a congressional hearing today on promoting U.S. innovation, competition and economic growth, Mark Grimaldi, president and CEO of Equinox Chemicals, told lawmakers that updating existing federal standards is crucial to the continued success of specialty chemical manufacturers like Equinox.
The Georgia-based chemical maker, a leader in innovation and research and development, has been a member of the Society of Chemical Manufacturers and Affiliates (SOCMA) since 2008.
Testifying before the House Subcommittee on Technology and Innovation, Grimaldi credited the U.S. for leading the way in developing globally accepted standards while urging lawmakers to ensure continued collaboration with developing countries as they create standards of their own.
“We have to ensure that other countries do not create unnecessary trade barriers or otherwise use standards to cause unfair competition,” said Grimaldi, who also heads Adco Products. Equinox, which has grown more than 300 percent since 2009, has been investing millions in infrastructure and facilities in recent years.
Grimaldi called on Congress to ensure that federal standards create equal opportunity among domestic and international businesses, involve no excess fees, minimize delays in development and approval and include intellectual property protection to encourage investment.
In his written testimony, Grimaldi also touted SOCMA’s ChemStewards® performance improvement program as paramount in increasing business at Equinox. He also reiterated the importance of having systems, practices and procedures in place that allow chemical manufactures to operate safely and effectively.
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SOCMA is the only U.S.-based trade association dedicated solely to the batch, custom and specialty chemical industry. Since 1921, we have represented a diverse membership of small, medium and large chemical companies, making us the leading authority on this sector. SOCMA has a global membership of 220 companies, which employ more than 46,000 workers in the U.S. alone. The value of the products and services provided by SOCMA members is $24 billion and the industry’s impact on the U.S. GDP is upwards of $2.9 trillion. For more information on our services and products, please visit www.socma.com.
ChemStewards® is SOCMA’s flagship environmental, health, safety and security (EHS&S) continuous performance improvement program. ChemStewards was created from industry’s commitment to reducing our environmental footprint. Industry created ChemStewards to meet the unique needs of the batch, custom, and specialty chemical industry. As a mandatory requirement for SOCMA members engaged in the manufacturing or handling of chemicals, ChemStewards is helping participants reach for superior EHS&S performance. To learn more visit www.chemstewards.com.