Polysols Inc To Locate New Facility In South Carolina

The South Carolina Department of Commerce and the Economic Futures Group of Spartanburg County have
announced that Polysols Inc. – a subsidiary of Germany-based Polywert GmbH, a manufacturer of
nonwoven heat and sound insulation materials using recycled polyester fiber – is investing $1
million to establish its new manufacturing facility in Spartanburg County. Polysols’ plant will
recycle polyester fiber production waste materials into new products, the first of which will be
equine footing material. The enterprise is expected to create 10 new jobs.

“We are pleased to locate our first US facility in the Upstate of South Carolina,” said
Christoph Bock, treasurer and member of the Board of Directors, Polysols Inc. “Spartanburg County
is an excellent fit for our company, providing us with an excellent business environment, an
excellent labor force and great market access. We appreciate all the support we’ve received from
state and local officials.”

“We are extremely pleased that Polysols Inc. is locating a new facility here,” said Carter
Smith, executive vice president, Spartanburg County’s Economic Futures Group. “Polysols decision to
locate their facility in Spartanburg County adds to our growing list of ‘green’ companies, as their
process reduces wastes that could end up in a landfill. Their decision also demonstrates our
community’s ability to attract quality companies providing excellent job opportunities for the
citizens of Spartanburg.”

August 25, 2009