EoW May 2008

english corporate news

New president at Wardwell John Tomaz, a veteran of 30 years at the Wardwell Braiding Machine Company, has been named president of the company, succeeding Jonathan Farnum who has held the position for the past 34 years. The change in leadership became effective 1 st March 2008. Mr Tomaz has been vice president sales and marketing since 1999 with responsibility for combined worldwide marketing, sales, and service activities. He succeeds Jonathan Farnum, under whose tenure Wardwell experienced steady growth through a series of mergers and acquisitions in North and South America, Europe, and the Pacific Rim. Mr Farnum will retain his position as Chairman of the Board and will remain involved in the company’s activities. Wardwell Braiding Machine Co – USA Fax : +1 401 723 2690

€15m site investment

Changes at the top

Royal DSM NV is to invest nearly €15m in the construction of a new plant for the production of wet polyesters and other speciality resins in Meppen, Germany. The new production line will be built at the existing site of DSM NeoResins+ in Meppen. The plant will be completed in the first half of 2009 and will allow for further expansions in the future. an important and promising product line. With this expansion DSM NeoResins+ will reinforce its strong position in the fast growing (more than 8% per annum) and strategically important markets such as can, coil and niches in the decorative segments. Royal DSM NV – Netherlands Fax : +31 1747 5639 Email : info@dsm.com Website : www.dsm.com Wet polyesters represent

There is a new management structure in place at plastic solutions giant, Borealis. Mark Garrett officially took over as chief executive and chairman of the executive board on 1 st January. He is joined by two long-time Borealis executives, Herbert Willerth, who will continue as executive vice president (EVP) of operations, and Henry Sperle, who, after many years running the hydrocarbons business, takes on the new EVP position for the Middle East and Asia. Two new members who have recently joined the board are Martin Kuzaj, EVP of the newly formed Base Chemicals business group and Daniel J Shook, chief financial officer. Borealis A/S – UAE Fax : +65 6377 1233 Email : info@boralisgroup.com Website : www.borealisgroup.com

Email : sales@wardwell.com Website : www.wardwell.com

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EuroWire – May 2008