1. Industry & Trade

PolymerAdditives.com Announces Management Team

CHARLOTTE, N.C., Oct. 17 - Concurrent with the formation of PolymerAdditives.com, LLC by Albemarle Corporation (NYSE:ALB), Cytec Industries Inc. (NYSE:CYT), and GE Specialty Chemicals, Inc., a subsidiary of General Electric Company (NYSE:GE), the companies announced the management team for the new venture.

The management team will consist of Sean McKeon, John McChesney, and Carolyn Reilly. Effective immediately, Sean McKeon becomes president - PolymerAdditives.com, LLC.

"PolymerAdditives.com is a new channel that allows established polymer additive manufacturers to better service customers," said Sean McKeon, president of PolymerAdditives.com. "We are not a startup company or third-party Internet exchange; we bring proven products from respected companies with the efficiency and accessibility of the Internet."

"The opportunity to offer customers well-known and trusted complementary products from established companies using the Internet as a sales channel is exciting," said John McChesney, business director - PolymerAdditives.com. "Our customers have told us they would value the ability to purchase a broad portfolio of polymer additives from a single point, and PolymerAdditives.com offers that ability in a unique way."

"PolymerAdditives.com is about enhanced productivity, speed, technical information and added value for our customers," said Carolyn Reilly, business director - PolymerAdditives.com. "We are launching the company with an established distribution system fully operational in the US."

PolymerAdditives.com, LLC will operate a fully functional e-commerce site (http://www.polymeradditives.com) and will offer customers the ability to:

    --  purchase world-class, complementary, brand-name polymer additives from
        one source with one order, one invoice and one shipment from a
        centralized supply chain,
    --  access inventory, order and shipping status real-time any time of the
        day,
    --  lower inventories, increase inventory turns and improve "just-in-time"
        manufacturing practices,
    --  access technical information, real-time, 24/7, including MSDS sheets,
        certificates of analysis and,
    --  attend on-line seminars.

For additional information on PolymerAdditives.com, LLC visit http://www.polymeradditives.com.

SOURCE PolymerAdditives.com, LLC

CONTACT: John McChesney of PolymerAdditives.com, LLC, 704-655-2041

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