NEWSCLIPPINGS. Publication: Cincinnati Business Section: News

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1 Publication: Cincinnati Business Section: News Journal Date: 11 Oct 2012 Page: Online Emery Oleochemicals planning $50M expansion in Cincinnati Summary : Emery Oleochemicals is investing $50 million to expand its Cincinnati manufacturing facilities in Winton Hills and create 30 new jobs. The new state-of-the-art plant will produce high-performance products for the automotive, furniture, appliance and other industries. The 30 new jobs will be in chemical processing and research and development. Emery Oleochemicals is a successor to the Emery Industries manufacturing business that was founded in Cincinnati in the 1800s to make tallow for oil lamps. Link: 50m.html Page 1 of 22

2 Emery Oleochemicals planning $50M expansion in Cincinnati Business Courier Date: Wednesday, October 10, 2012, 2:56pm EDT - Last Modified: Wednesday, October 10, 2012, 2:59pm EDT Emery Oleochemicals is investing $50 million to expand its Cincinnati manufacturing facilities in Winton Hills and create 30 new jobs. The Malaysia-based company is the largest manufacturer of oleochemicals in North America. Oleochemicals are chemicals derived from plants and animal fats. Emery said in a news release the new state-of-the-art plant will produce highperformance products for the automotive, furniture, appliance and other industries. The 30 new jobs will be in chemical processing and research and development. Emery said it currently employs more 250 people at the Este Avenue complex. In its release, it thanked the cities of Cincinnati and St. Bernard, Hamilton County, and the state of Ohio for their support of the expansion project. Further details were not immediately available. Emery Oleochemicals is a successor to the Emery Industries manufacturing business that was founded in Cincinnati in the 1800s to make tallow for oil lamps. It was spun off from Cognis Corp. as Cognis Oleochemicals, a joint venture, in Cognis sold its stake two years later, and the company was rebranded as Emery Oleochemicals. Cognis, which retained other production facilities, offices and labs at the complex, was acquired by BASF in BASF announced in 2011 that it would close Cognis s adjacent North American headquarters in 2012, eliminating 167 local jobs. Page 2 of 22

3 Publication: The Star Section: Business and Online Date: 12 Oct 2012 Page: 8 M'sian headquartered Emery to spend RM153mil on expansion of US facility Summary : Emery Oleochemicals will invest US$50mil (RM153mil) to expand its US manufacturing facility in Cincinnati, Ohio The new state-of-the-art plant would produce high-performance bio-based polyols products for the automotive, furniture, major appliances (white goods) and various other industries. The investment is one of Emery Oleochemicals strategic global projects designed to further its strength in becoming a specialty solutions provider. Link: Page 3 of 22

4 M'sian headquartered Emery to spend RM153mil on expansion of US facility PETALING JAYA: Emery Oleochemicals, a world leading natural-based chemicals producer headquartered in Malaysia, will invest US$50mil (RM153mil) to expand its US manufacturing facility in Cincinnati, Ohio. It said in a statement yesterday that the new state-of-the-art plant would produce highperformance bio-based polyols products for the automotive, furniture, major appliances (white goods) and various other industries. This investment is one of our strategic global projects designed to further our strength in becoming a specialty solutions provider, it said. Emery Oleochemicals, which is a 50:50 joint venture between Sime Darby Plantation and PTT Global Chemical International Pte Ltd, has built a name for itself in Cincinnati since 1840 as the first to manufacture and produce tallow for oil lamps. It currently operates five manufacturing facilities in Asia-Pacific, Europe and North America. Emery said it had embarked on an plan to grow its natural-based product portfolio and increase production capacities across the globe. This includes the recent US$25mil investment in the manufacturing facility and technical development centre in Loxstedt, Germany and the start-up of a new manufacturing site in Selangor. It said both facilities would employ unique technologies to focus on region-specific market needs catering to customers in the plastics, coatings and lubricant industries. Page 4 of 22

5 Publication: The New Straits Times Section: Business Times and Online Date: 12 Oct 2012 Page: B2 Emery Oleochem to invest US$50m in Cincinnati expansion Summary : Emery Oleochemicals is investing US$50 million (RM154 million) to expand its manufacturing facility in Cincinnati, Ohio, in the US. The new facility will enhance US operations into an integrated site to deliver high-performance solutions. The investment is one of Emery Oleochemicals strategic global projects designed to further its strength in becoming a specialty solutions provider. Page 5 of 22

6 Link: Page 6 of 22

7 Emery Oleochem to invest US$50m in Cincinnati expansion KUALA LUMPUR: Natural-based chemicals producer, Emery Oleochemicals is investing US$50 million (RM154 million) to expand its manufacturing facility in Cincinnati, Ohio, in the US. In a statement here yesterday, its group chief executive officer, Dr Kongkrapan Intarajang said the new facility will enhance US operations into an integrated site to deliver high-performance solutions. "Our expansion project in Cincinnati is a timely addition to our global expansion efforts as we seek to provide the marketplace with a new line of value-added solutions derived from renewable raw materials," he said. The plant will produce high-performance bio-based polyols products for the automotive, furniture, major appliances (white goods) and various other industries. The investment is one of the company's strategic global projects designed to boost its strength in becoming a specialty solutions provider, said Kongkrapan. Emery Oleochemicals, with its headquarters in Malaysia, is a 50:50 joint venture between Sime Darby Plantation and PTT Global Chemical International Pte Ltd. Bernama Page 7 of 22

8 Publication: Bernama Section: News Date: 12 Oct 2012 Page: Online Emery Oleochemicals Invests US$50 million in US to expand its facility Summary : Emery Oleochemicals is investing US$50 million (RM154 million) to expand its manufacturing facility in Cincinnati, Ohio, in the US. The new facility will enhance US operations into an integrated site to deliver high-performance solutions The new state-of-the-art plant would produce high-performance bio-based polyols products for the automotive, furniture, major appliances (white goods) and various other industries. Link: Page 8 of 22

9 Translation: Page 9 of 22

10 Publication: The Malay Mail Section: Nation Date: 12 Oct 2012 Page: Online M sian firm expands US plant Summary : Emery Oleochemicals is investing US$50 million for the expansion of its Cincinnati manufacturing facilities in Winton Hills. The strategic investment is to provide a new line of naturalbased solutions for the automotive, furniture and white goods industries. The investment is one of the company s strategic global projects designed to further its strength in becoming a specialty solutions provider. Link: Page 10 of 22

11 M sian firm expands US plant The largest manufacturer of natural-based chemicals in North America, Emery Oleochemicals with its headquarters in Malaysia is investing US$50 million for the expansion of its Cincinnati manufacturing facilities in Winton Hills. In a statement yesterday, group chief executive offi cer Dr Kongkrapan Intarajang (pic) said the strategic investment is to provide a new line of natural-based solutions for the automotive, furniture and white goods industries. Oleochemicals are chemicals derived from plants and animal fats. This investment is one of the company s strategic global projects designed to further its strength in becoming a specialty solutions provider. The fi rm now operates fi ve manufacturing facilities spanning three regions, Asia Pacifi c, Europe and North America producing wideranging renewable based chemicals used in many leading industries such as home and personal care, polymer and agriculture. The company s new manufacturing site is scheduled for commercialisation in the fourth quarter of 2014 and will be in addition to its existing Cincinnati operations. Emery Oleochemicals has embarked on an aggressive journey to grow its naturalbased product portfolio and increase production capacities across the globe. This includes the recent US$25 million (RM76.8 million) investment in the manufacturing facility and technical development centre in Loxstedt, Germany and the start up of a new manufacturing site in Selangor, Malaysia. Both facilities will employ unique technologies to focus on region-specifi c market needs catering to customers in the plastics, coatings and lubricant industries. Page 11 of 22

12 Publication: IHS Chemical Week Section: Top of the news Date: 12 Oct 2012 Page: Online Emery Oleochemicals to build biobased polyols plant at Cincinnati Summary : Emery Oleochemicals is investing US$50 million (RM154 million) to expand its manufacturing facility in Cincinnati, Ohio, in the US. The new state-of-the-art plant would produce high-performance bio-based polyols products for the automotive, furniture, major appliances (white goods) and various other industries. Link: Page 12 of 22

13 Publication: World of Chemicals.com Section: Media Date: 12 Oct 2012 Page: Online Emery Oleochemicals to invest $50m in Cincinnati, US expansion Summary : Emery Oleochemicals is investing US$50 million (RM154 million) to expand its manufacturing facility in Cincinnati, Ohio, in the US. The new state-of-the-art plant would produce high-performance bio-based polyols products for the automotive, furniture, major appliances (white goods) and various other industries. Link: Page 13 of 22

14 Emery Oleochemicals to invest $50m in Cincinnati, US expansion The plant will produce high-performance bio-based polyols products for the automotive, furniture, major appliances (white goods) and various other industries. KUALA LUMPUR, MALAYSIA: Natural-based chemicals producer, Emery Oleochemicals is investing $50 million (RM154 million) to expand its manufacturing facility in Cincinnati, Ohio, in the US. The new facility will enhance US operations into an integrated site to deliver high-performance solutions, said the company statement, reported Business Courier. Our expansion project in Cincinnati is a timely addition to our global expansion efforts as we seek to provide the marketplace with a new line of value-added solutions derived from renewable raw materials, said Dr Kongkrapan Intarajang, Group Chief Executive Officer, Emery Oleochemicals. The plant will produce high-performance bio-based polyols products for the automotive, furniture, major appliances (white goods) and various other industries. The investment is one of the company s strategic global projects designed to boost its strength in becoming a specialty solutions provider, said Kongkrapan. Malaysia-based, Emery Oleochemicals, is a 50:50 joint venture between Sime Darby Plantation and PTT Global Chemical International Pte Ltd Bernama. The company has a global presence in 3 continents with plants in North America, Germany and Malaysia. WOC News Page 14 of 22

15 Publication: chemicalstechnology.com Section: News Date: 12 Oct 2012 Page: Online Emery Oleochemicals to expand US facility Summary : Emery Oleochemicals is investing US$50 million (RM154 million) to expand its manufacturing facility in Cincinnati, Ohio, in the US. The new state-of-the-art plant would produce high-performance bio-based polyols products for the automotive, furniture, major appliances (white goods) and various other industries. Link: Page 15 of 22

16 Emery Oleochemicals to expand US facility 12 October 2012 Malaysia-based Emery Oleochemicals is investing $50m to expand its manufacturing facilities in Winton Hills, Cincinnati, US. The new plant will produce high-performance products for the automotive, furniture, appliance and other industries and add 30 new jobs in chemical processing, research and development sectors. The company at present employs more than 250 people at its Este Avenue complex. Emery Oleochemicals was quoted by Business Courier as expressing its regards to the cities of Cincinnati and St. Bernard, Hamilton County and the state of Ohio for their support of the expansion project. Oleochemicals are chemicals derived from plants and animal fats which are used in biodiesel and detergent production. Emery Oleochemicals, a 50:50 joint venture between Sime Darby Plantation and PTT Chemical International and has presence on three continents, with plants in North America, Germany and Malaysia. Page 16 of 22

17 Publication: wcpo.com (9 News) Section: News Date: 14 Oct 2012 Page: Online Bank acquisition includes Cincinnati connection Summary : Two companies in the Tri-State are prepared for expansion, including Emery Oleochemicals Rightsource Link: CINCINNATI - 9 News talks with Crystal Faulkner about the top local business headlines including local changes to the gambling scene. Faulkner tells 9 News that we will see more discussion surrounding a "racino" (a combination race track and casino) in the Tri-State. This comes as the most recent gaming reports show a drop in revenue at the existing Ohio casinos. Two companies in the Tri-State are prepared for expansion, including Emery Oleochemicals Rightsource. Page 17 of 22

18 Publication: Section: Business Date: 16 Oct 2012 Page: Online Emery Oleochemicals expands NOP capability Summary : The new facility will enhance US operations into an integrated site to deliver high-performance solutions. The plant will produce high-performance bio-based polyols products for the automotive, furniture, major appliances and various other industries. Expansion project in Cincinnati is a timely addition to its global expansion efforts, providing the marketplace with a new line of value-added solutions derived from renewable raw materials. Link: 2 Page 18 of 22

19 Business Emery Oleochemicals expands NOP capability 16/10/2012 Dr. Kongkrapan Intarajang, group Chief Executive Officer explained that the new facility will enhance US operations into an integrated site to deliver high-performance solutions. "Our expansion project in Cincinnati is a timely addition to our global expansion efforts as we seek to provide the marketplace with a new line of value-added solutions derived from renewable raw materials, he said. The plant will produce high-performance bio-based polyols products for the automotive, furniture, major appliances and various other industries. The company recently acquired production technology from the Batelle Institute to produce NOPs. Emery Oleochemicals already trialled polyols derived from tallow oil in the USA, for use in several applications including automotive seat foam. Although these products perform well, some concern has been expressed among processors about using animal-derived products in polyurethanes, eager not to offend consumer's religious views or dietary preference. The oleochemicals will be derived from plant oils and animal fats which are already widely used in biodiesel and detergent production. The new plant will produce high-performance products for the automotive, furniture, appliance and other industries and add 30 new jobs in chemical processing, research and development sectors. The investment is one of the company's strategic global projects designed to boost its strength in becoming a speciality solutions provider, said Kongkrapan. Emery Oleochemicals is a 50:50 joint venture between Sime Darby Plantation and PTT Chemical International and has presence on three continents, with plants in North America, Germany and Malaysia. Page 19 of 22

20 Publication: Mida.gov.my Section: Industry News Date: 16 Oct 2012 Page: Online Emery Oleochem to expand US facility Summary : Emery Oleochemicals, a leading global natural-based chemicals producer, is investing US$50 million (RM154 million) to expand its manufacturing facility in Cincinnati, Ohio, in the US. The plant will produce high-performance bio-based polyols products for the automotive, furniture, major appliances and other industries. The expansion is one of the company s strategic global projects to strengthen its position to become a specialty solutions provider. Link: 1showtemplate=false&cntnt01returnid=107 Emery Oleochem to expand US facility Emery Oleochemicals, a leading global natural-based chemicals producer, is investing US$50 million (RM154 million) to expand its manufacturing facility in Cincinnati, Ohio, in the US. The company is a 50:50 joint venture between Sime Darby Plantation and PTT Global Chemical International Pte Ltd and has its headquarters in Malaysia. Emery Oleochemicals Group Chief Executive Officer, Dr Kongkrapan Intarajang in a statement issued in Kuala Lumpur, yesterday said the new facility would enhance its US operations into an integrated venue to deliver high-performance solutions. The plant will produce high-performance bio-based polyols products for the automotive, furniture, major appliances and other industries The expansion is one of the company s strategic global projects to strengthen its position to become a specialty solutions provider, he added. Kongkrapan viewed the new investment as a timely addition to its worldwide expansion as the company looks to bring to the market a new line of value-added solutions based on renewable raw materials Adapted from NST Business Times and StarBiz 12 Oct 2012 Page 20 of 22

21 Publication: Bangkok Post Section: Industry News Date: 19 Oct 2012 Page: Online PTTGC joint venture boosts biopolyol output Summary : Emery Oleochemicals will spend US$50 million to expand its biopolyol capacity in the US. The plant in Cincinnati, Ohio, will expand the capacity of high-performance, bio-based polyols in a move to expand further into the downstream petrochemical business including polyurethane. Link: Page 21 of 22

22 PTTGC joint venture boosts biopolyol output SCG joining Japanese firm in factory study Published: 19/10/2012 at 01:49 AM Newspaper section: Business Emery Oleochemicals, a 50:50 joint venture between the SET-listed PTT Global Chemical Plc (PTTGC) and Malaysia's Sime Darby Bhd, will spend US$50 million to expand its biopolyol capacity in the US. Anon Sirisaengtaksin, PTTGC's chief executive, said the venture's plant in Cincinnati, Ohio, will expand the capacity of high-performance, bio-based polyols in a move to expand further into the downstream petrochemical business including polyurethane. Biopolyols are used in the automobile, electrical, furniture and kitchenware sectors. The enhanced production is expected to begin in late Emery Oleochemicals achieved revenue of US$1.2 billion last year. Apart from its leading position in natural-based chemicals, the company has expanded into green plastic additives, oilfied chemicals, fatty acids, fatty alcohol, glycerin and triacetin. With factories in Asia, North America and Europe, Emery Oleochemicals has more than 1,000 employees and distributes its products in more than 50 countries. Page 22 of 22