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Koninklijke TenCate NV (PINKSHEETS:KNKCF) Today marks the opening by Royal Ten Cate (Koninklijke Ten Cate nv) of its new factory for geosynthetic materials near the city of Zhuhai (pop. 1.5 m) in Guangdong province, China. TenCate Geosynthetics will use this plant to produce textiles for the strongly growing Asian market. The initial workforce will number some 150.
The past year has seen a just over 20 percent increase in demand for geosynthetic fabrics (geotextiles) in Asia. The new Zhuhai production location for woven materials is needed to combine with TenCate's existing location for non-woven materials in Shah Alam, Malaysia, for an effective response to burgeoning growth and opportunities in the Asian market. This will enable TenCate Geosynthetics to benefit from the many infrastructural projects and extensive road and hydraulic construction underway in China, India and other countries.
TenCate's new production location will cover a total of 135,000 square metres - of which 28,500 square metres have now been built on. This will include personnel accommodation. The Zhuhai factory will process Polypropylene into fibres for geosynthetic materials including TenCate Geotube®, a dedicated product for dike building and land reclamation.
The new factory will start contributing to the revenues of TenCate's sector Geosynthetics & Grass as from the second half of 2008.
Royal Ten Cate Almelo, The Netherlands, 13 June 2008
Royal Ten Cate TenCate is a multinational company which combines textile technology and chemical processes in developing and manufacturing specialist materials. TenCate's materials can be divided into four areas of application: safety & protection, space & aerospace, sport & leisure and environment & infrastructure. TenCate has leading positions in protective fabrics, space and aerospace composites, armour composites, geosynthetics and synthetic turf. TenCate is listed on NYSE Euronext. For more information: www.tencate.com
For more information: Royal Ten Cate Jaap de Carpentier Wolf Head corporate communication Tel: +31 546 544 306 Mob: +31 6 233 173 52 E-mail: media@tencate.com www.tencate.com
