Bluestar Silicones To Open Plant In Charlotte

China-based Bluestar Silicones — a global manufacturer of specialty silicone products including
coatings, elastomers, fluids, emulsions and resins for the textile coatings, personal care,
healthcare, paper and packaging, automotive, aerospace, tire and rubber, mold making and energy
industries, among others, and a subsidiary of China National Bluestar (Group) Corp. — will invest
$19.8 million to open a facility in Charlotte, creating 125 jobs in the process. The company will
consolidate its U.S. manufacturing operations into one facility and has received a $340,000 grant
from the One North Carolina Fund to help finance the opening of the plant. 

“We are excited about this move to Mecklenburg County and appreciate the efforts of North
Carolina to make this a win-win for both North Carolina and Bluestar Silicones,” said J.
Christopher York, president, Bluestar Silicones North America, East Brunswick, N.J. “For Bluestar
Silicones, this move is an important step in implementing an aggressive growth strategy to become a
world leading supplier of silicones in the coming five years.”

Bluestar Silicones operates 11 production sites in China, Europe, Latin America and the
United States, has sales offices in 140 countries and employs 3,000 people. The company’s sales in
2008 totaled 600 million euros.

March 1, 2011