Degussa AG opens new plant in Shanghai.

Degussa AG, Dusseldorf, recently celebrated the start-up of its new polyesters and colorants plants at its multi-user site (MUSC) in Shanghai. On June 12, 2006, Dr. Alfred Oberholz, Dr. Manfred Spindler and Dr. Hans-Peter Schaufler welcomed a large number of guests from the worlds of politics and business to the Shanghai Chemical Industry Park.

"The start-up of the first production plant at the MUSC represents a milestone for Degussa. We're systematically expanding our presence in China's attractive growth market," said Dr. Oberholz, deputy chairman of Degussa AG's Management Board.

"We're happy to now be able to offer our high-quality products and solutions in China too. These plants will strengthen Degussa's core business," added Dr. Spindler, member of the Management Board.

Dr. Schaufler, head of the Coatings & Colorants Business Unit, emphasized the importance of the MUSC for the Coatings & Colorants Business Unit. "We attach great importance to a long-term commitment to China. With this step, our business unit is affirming its confidence in the dynamic growth of the Chinese market, and is supporting customers in the region with local production."