Germany-based Lurgi Zimmer will supply the technology, equipment and complete engineering to build
a plant for the U.S. polyester producer TIEPET Inc., Asheboro, N.C. The two companies have signed
an agreement for a polyester plant designed to produce 65,000 tons per year of PET granulates,
based on Zimmers continuous polycondensation process. Lurgi Zimmer will also be responsible for
supervising the erection and commissioning of the plant, scheduled for start-up in June/July 2002.