812701--2/26/2010--CALGON_CARBON

related topics

{operation, international, foreign}

{cost, contract, operation}

{competitive, industry, competition}

{cost, regulation, environmental}

{tax, income, asset}

{condition, economic, financial}

{cost, operation, labor}

{property, intellectual, protect}

{acquisition, growth, future}

{product, market, service}

{operation, natural, condition}

Encroachment into our markets by competitive technologies could adversely affect our financial results. Our business is subject to a number of global economic risks. Our industry is highly competitive. If we are unable to compete effectively with competitors having greater resources than we do, our financial results could be adversely affected. Failure to innovate new products or applications could adversely affect our ability to meet our strategic growth targets. Environmental compliance and remediation and potential climate change could result in substantially increased capital requirements and operating costs. Our financial results could be adversely affected by shortages in energy supply or increases in energy costs. A planned or unplanned shutdown at one of our production facilities could have an adverse effect on our financial results. Our inability to successfully negotiate new collective bargaining agreements upon expiration of the existing agreements could have an adverse effect on our financial results. Our pension plans are currently underfunded, and we expect to be subject to significant increases in pension contributions to our defined benefit pension plans, thereby restricting our cash flow. Our international operations expose us to political and economic uncertainties and risks from abroad, which could negatively affect our results of operations. Our European and Japanese activated carbon businesses are sourced from both the United States and China, which subjects these businesses to foreign exchange transaction risk. We have operations in multiple foreign countries and, as a result, are subject to foreign exchange translation risk, which could have an adverse effect on our financial results. Our business includes capital equipment sales which could have extreme fluctuations due to the cyclical nature of that type of business. Declines in the operating performance of one of our business segments could result in an impairment of the segment s goodwill. Our required capital expenditures may exceed estimates. Our international operations are subject to political and economic risks for conducting business in corrupt environments. Our products could infringe the intellectual property rights of others, which may cause us to pay unexpected litigation costs or damages or prevent us from selling our products. We could find it difficult to fund the capital needed to complete our growth strategy. Our ability to utilize our foreign tax credits and net operating losses may be limited.

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812701--2/26/2010--CALGON_CARBON_CORPORATION