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‘TEKNOR APEX ASIA PACIFIC’ IS THE NEW NAME FOR A LEADING PLASTICS COMPOUNDER SERVING ASIA, THE MIDDLE EAST, AND OCEANIA

Teknor Apex Asia Pacific Headquarters

Change Establishes a Single Brand for a Large and Diversified Compounding Business

SINGAPORE, May 3, 2011: Teknor Apex Company has established Teknor Apex Asia Pacific Pte Ltd. as the corporate name for a leading plastics compounder serving a vast region that stretches from Saudi Arabia to New Zealand, the company announced today.

The new name replaces that of Singapore Polymer Corporation (SPC), an international business based in Singapore that was acquired by Teknor Apex in 2001. Already bearing the Teknor Apex name is a sister company in China, Teknor Apex Suzhou Advanced Polymer Compounds Co. Ltd. Stanly L.K. Tan became managing director of both enterprises in 2010.

“Combining all of our operations under the Teknor Apex brand represents the culmination of a decade-long process of integration that has created one company in fact—not just in name,” said Mr. Tan. “Whether our customers are based in Saudi Arabia, India, China, or Australia, they now have the assurance of dealing with a single organization having uniform standards, product designations, business practices, and regulatory approvals.”

At Chinaplas 2011, Teknor Apex Asia Pacific will exhibit at Booth 10.2A11, originally listed under the SPC name. Besides the introduction of the new name, another highlight of the company’s exhibit will be the first trade-show appearance of the Sarlink® thermoplastic vulcanizate elastomer business since its acquisition in November by Teknor Apex. Sarlink compounds are well established in the Asian automotive market, with sales directed from an office in Shanghai.

Serving Customers throughout Asia from Plants in Singapore and China

Teknor Apex Asia Pacific is one of the region’s leading custom compounders and offers its most diversified range of products, according to Mr. Tan. These include rigid and flexible vinyl, thermoplastic elastomers, nylons, filled polyolefins, conductive compounds, black and white masterbatches, and compounds produced on a tolling basis. In addition to a wide range of products developed by SPC since its founding in 1969, Teknor Apex Asia Pacific offers thousands of compounds that were developed in the U.S. by Teknor Apex and are compliant with Western codes and standards.

In 2004, SPC completed relocation of its entire compounding operation to a new Singapore complex, comprising a series of production lines with annual capacity exceeding 50,000 tons, along with extensive technical service, laboratory, and product development facilities.

Teknor Apex took another big step in serving the Asian market by starting up a new plant in Suzhou in 2007. Currently this facility produces vinyl compounds for the China market, but it is expected to yield other types of compound such as TPEs.

Teknor Apex Asia Pacific has sales offices in Malaysia, Thailand, Korea, and China. The China offices are located in Shanghai and Shenzhen. The company plans to open additional sales offices in India, Japan, and Taiwan, according to Mr. Tan.

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TEKNOR APEX ASIA PACIFIC Pte Ltd., a unit of Teknor Apex Company, is a leading supplier of thermoplastic compounds and masterbatches in the Asia-Pacific region. With a history going back to 1969 under the earlier name Singapore Polymer Corporation, Teknor Apex Asia Pacific operates compounding facilities in Singapore and has a sister company in China, Teknor Apex Suzhou Advanced Polymer Compounds Co. Ltd.. The company 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.

Founded in 1924, TEKNOR APEX COMPANY is a privately held company headquartered in Pawtucket, Rhode Island, U.S.A. It manufactures at 12 locations in the U.S. and overseas, and sells in 90 countries. Visit the web site: www.teknorapex.com.