TEKNOR APEX NAMES ASHLAND TO REPRESENT ITS PVC COMPOUNDS IN CHINA, WITH MEDICAL MARKET AS A KEY FOCUS

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SHANGHAI, April 18, 2008: Teknor Apex Company today signed an agreement appointing Ashland Distribution China to represent the company’s vinyl compounds in China, the companies announced jointly during Chinaplas 2008. Teknor Apex is participating in the show through its subsidiaries, Singapore Polymer Corporation (SPC) and Teknor Apex (Suzhou) Advanced Polymer Compounds Co. (Stand W3A01).

A major focus for Ashland will be the medical device market, for which Teknor Apex offers an extensive range of flexible vinyl compounds, noted Bertram M. Lederer, executive vice president of Teknor Apex Company. SPC and Teknor Apex Suzhou both have the capability to manufacture compounds that are identical to those developed by the parent company in the U.S. and are already compliant with regulations widely required in major medical markets.

“Ashland Distribution is a trusted source of branded thermoplastic resins and compounds, operates warehouses in key manufacturing areas throughout China, and draws on extensive international sales experience and technical resources,” said Lederer. “They will play an important role in Teknor Apex’s program to provide our Chinese customers with consistent and reliable sourcing of the raw materials they need to succeed in their businesses.”

Ashland Distribution is a division of Ashland Inc., a diversified global chemical company. “Teknor Apex is recognized around the world as a leader in quality and technology,” said Larry Hunt, commercial director of Ashland Distribution China. “We are proud to have been selected to represent them in China.”

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ASHLAND DISTRIBUTION, a division of Ashland Inc., is a leading distributor of chemicals, plastics, composite materials and environmental services in U.S., Europe and China. Suppliers include many of the world’s leading chemicals and plastics manufacturers. Ashland Distribution specializes in providing trusted products and services in mixed truckloads and less-than-truckload quantities to customers in a wide range of industries. Ashland Inc. (NYSE: ASH), a diversified, global chemical company, provides quality products, services and solutions to customers in more than 100 countries. A FORTUNE 500 company, it operates through four divisions: Ashland Performance Materials, Ashland Distribution, Valvoline and Ashland Water Technologies. To learn more about Ashland, visit www.ashland.com.

Founded in 1924, TEKNOR APEX COMPANY is a privately held company with ten divisions and 2,000 employees. It is headquartered in Pawtucket, Rhode Island, U.S.A., manufactures at 14 locations in the U.S. and overseas, and sells in 70 countries, serving markets in the plastics, rubber, and chemical industries. In addition to SPC and Teknor Apex (Suzhou), other Teknor Apex plastics businesses include the Vinyl Div., Chemical Div., Engineering Thermoplastics Div., Specialty Compounding Div., Thermoplastic Elastomer Div., and Teknor Color Company. Visit the web site: www.teknorapex.com.

Singapore Polymer Corp. (SPC) is headquartered at 41 Shipyard Road, Singapore 628134. Tel: 65-6265-2544. Fax: 65-6265-1821. Email: ginfo@spcpl.com.sg. Visit the web site: www.spcpl.com.sg. Teknor Apex (Suzhou) Advanced Polymer Compounds Co. Pte Ltd. Is based at No. 78 Ping Sheng Road, Suzhou Industrial Park, Jiangsu, China 215126. Tel: 86-512-6287-1550. Fax: 86-512-6288-8371. Email: infosuzhou@teknorapex.com.