FiberVisions, Tel Rad Cuyo Create JV Company In South America

FiberVisions A/S – a supplier of polyolefin fibers to a variety of industries including textile,
hygiene and automotive with locations in Denmark, Duluth, Ga., and China – and Argentina-based Tel
Rad Cuyo (TRC) — a manufacturer of polypropylene fibers with a plant in the San Juan province of
Argentina — have formed a joint venture (JV) company in South America for the production, sales
and marketing of polypropylene fibers. As part of the deal,  FiberVisions purchased 50 percent
of TRC, which will be known going forward as FiberVisions South America.

“We are extremely pleased to be a partner with TRC, a leading and well-respected company in
South America,” said Dr. Stephen Wood, CEO, FiberVisions. “This joint venture will provide
FiberVisions with quality local manufacturing assets and product development capability enabling us
to provide even better service to our current customers in the region.”

“We believe that the venture with FiberVisions will give our customers access to the best
technology and the highest quality fibers,” said Dr. Guillermo Kraves, president, TRC. “South
America is a high-growth region of the world, and we will be investing to support that demand.”

May 26, 2009