Hyundai Engineering Orders Staple Fiber Spinning Plant From Oerlikon Neumag

At the end of 2009, Korea-based Hyundai Engineering placed an order with Germany-based Oerlikon
Neumag for a complete staple fiber spinning plant. Oerlikon Neumag will supply two 200 ton-per-day
staple-fiber spinning lines and associated equipment, as well as install and commission the
machinery. The construction and installation is expected to begin this year, with production
beginning mid-2011.

“For this important project, we opted for Oerlikon Neumag as this company offers large
technology know-how and the expertise for our high demands,” said Beom Seob Sim, general manager,
Hyundai Engineering. “In addition, Oerlikon Neumag often showed that this company is a reliable and
competent partner for the development, production and installation of major staple fiber plants.”

March 23, 2010