Sekisui Chemical Co., Ltd. of Tokyo, Japan and Youngbo Chemical Co., Ltd. of Korea have agreed to transfer 100% ownership of Youngbo America to Sekisui Voltek LLC. Sekisui Chemical is a 51% shareholder of Youngbo Chemical. This move consolidated US operations under one entity, Sekisui Voltek LLC. Sekisui Voltek will utilize the former Youngbo America's California facility as a West coast sales office and distribution center to better serve its West coast customers.

In addition to this acquisition Sekisui Voltek also announced that they have significantly expanded capacity of both XLPE and XLPP Volara foam production to meet predicted strong growth in their 3 major business sectors: Automotive, Industrial and Tape & Healthcare.

Brian Norris, President of Sekisui Voltek, said recently: "We feel the acquisition and our expanded capabilities will benefit the market and our customers by providing reliable domestic supply plus access to some unique overseas materials."

For more information contact Sekisui Voltek at 100 Shepard Street, Lawrence, MA 01843. Phone: (978) 685-2557. Fax: (978) 685-9861. Or, visit our web site at http://www.SekisuiVoltek.com.

Sekisui Voltek, LLC, a part of the worldwide network of Sekisui companies, is a global leader in the development and production of crosslinked, closed-cell polyolefin foams. For over 35 years, Sekisui Voltek's innovative foam solutions have been used for a wide variety of applications within the transportation, tape and healthcare, building and construction, sports and leisure, and general industrial markets. Sekisui Voltek has three primary foam processes, Volara, irradiation crosslinked polyolefin foam in roll and laminated sheet form, Volextra, an extrusion coated Volara composite, and Minicel, a chemical crosslinked foam in Bun foam.

Press Contact Sekisui Chemical Co., Ltd. Corporate Communication Department Fax: (+81) 3-5521-0510

Disclaimer This press release may contain forward-looking statements. Such forward-looking statements are based on current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements due to changes in global economic, business, competitive market and regulatory factors.