media release Akzo Nobel Coatings invests in resins for the French wood based panel industry February 14, 2001 The investment will increase the production capacity of industrial resins with 120,000 metric tons to an estimated total capacity of 180,000 metric tons. The investment will increase the production capacity of industrial resins with 120,000 metric tons to an estimated total capacity of 180,000 metric tons. These resins are supplied to the wood based panel industry for the manufacture of particleboard, OSB and MDF-boards.The production of formaldehyde will be increased correspondingly. “We’re one of the main suppliers of industrial resins in France”, said Rudy van der Meer, Member of the Akzo Nobel Board of Management responsible for Coatings. “The southwest of France is a center of the wood based panel industry. The market is expanding rapidly, an excellent opportunity for us to increase our capacity and thus strengthen our leading position in this strategic area.” “Previously, industrial resins used to be more or less commodity products”, said Lars-Erik Thomsgård, General Manager of Business Unit Industrial Products. “However, we see a tendency towards more specialized products as the new board plants need much more tailor-made resins. This is exactly in line with our strategy to offer value-added products. Casco Products have developed the concept of Bonding Operation Efficiency, which combines state-of-the-art chemistry and application equipment technology. The concept is already successful and with the investment in the Ambarès plant we can build on this success.” Start up of the new production facility is planned for mid 2002. Akzo Nobel, based in the Netherlands, serves customers throughout the world with healthcare products, coatings and chemicals. Consolidated sales for 2000 will total some EUR 14 billion (USD 13 billion, GBP 8.5 billion). The Company currently employs 68,000 people in 75 countries. Financial results for the year 2000 will be announced on February 23, 2001.