Nilit Closes Fiber Plant In Germany

Israel-based Nilit Ltd. has announced plans to close a nylon 6,6 filament fiber production facility
in Oestringen, Germany, sometime during the second quarter of 2012. Nilit acquired the plant in
2006 when it purchased Invista’s European business, and it was expected to remain open after an
agreement was reached with the German Labor Union at the plant earlier this year
(See “
To Expand Operations In Israel And China, Reaches Agreement With German Labor Union
,” www., May 31, 2011)

Nilit cites the facility owner’s wish to exit the site, leaving the company with no access
to important services and utilities, as one reason factoring into the closure. Nilit remains
committed to the nylon 6,6 market, and will continue forward with its planned capacity expansion in
Israel and the start up of a new facility in China.

September 6, 2011