Contact: Bonnie Merrill Limbach
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FOR IMMEDIATE RELEASE

SPI, OMNEXUS TO FORM STRATEGIC ALLIANCE

DÜSSELDORF (October 26, 2001) – The Society of the Plastics Industry, Inc. (SPI) and Omnexus, the global eMarketplace for the plastics industry, today announced their intent to form a strategic alliance.

“Through this exciting alliance,” said SPI President Donald K. Duncan, “SPI members will be able to learn first-hand about the benefits of Omnexus through our association’s publications, seminars, meetings and Web site.” In return, he said, Omnexus will help educate the industry about the benefits of SPI membership and products and services through its own Web site and communications network.

“SPI is the premier plastics industry association, and we are delighted to have its endorsement,” said Omnexus Vice President David Jukes. “This alliance provides a tremendous opportunity to foster learning and understanding about the benefits and cost savings Internet technology can bring to plastics processors.”

The executives said that details of the arrangement will be worked out over the coming months, with additional announcements to follow.

About Omnexus

Omnexus is the global, neutral eMarketplace focused on delivering products and related services to the plastics industry. Founded and supported by the plastics industry, Omnexus currently consists of a growing list of more than 20 global suppliers, including ATOFINA, BASF AG, Bayer AG, Biesterfeld, Clariant, Demag Ergotech, Distrupol, Dow Chemical, DSM, DuPont, Engel, Entec, Muehlstein, Performance Polymers, PolyOne, Resinex & Ravago, Solvay, Ticona and Van Dorn Demag.

The Omnexus solution provides a single point of connectivity for plastics processors and suppliers and is an efficient, cost-effective method of eProcurement. Omnexus currently is operational in North America and Europe and will service Asia and the rest of the world by 2002. Global headquarters for the company are located in Zurich, Switzerland. North American headquarters are in Atlanta, GA.

About SPI

Founded in 1937, The Society of the Plastics Industry, Inc., is the trade association representing one of the largest manufacturing industries in the United States. SPI’s nearly 1,500 members represent the entire plastics industry supply chain, including processors, machinery and equipment manufacturers and raw material suppliers. For more information about SPI, visit www.plasticsindustry.org. The U.S. plastics industry employs 1.5 million workers and provides $304 billion in annual shipments.

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