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euro adhoc: Joint Ventures/Cooperation/Collaboration
Süd-Chemie and Ashland to combine global business activities in the metal casting industry

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Global Expansion
18.06.2008
Süd-Chemie AG, Munich, and the US company Ashland Inc. headquartered 
in Covington, Kentucky, today signed a non-binding memorandum of 
understanding to form a new, global joint venture to serve foundries 
and the metal casting industry. When final agreements are reached, 
each parent company will hold a 50-percent share of the joint 
venture, which is planned to be headquartered in Venlo, The 
Netherlands.
Assets and employees would transfer to the new joint venture upon 
closing, anticipated by early calendar year 2009. The transaction is 
dependent upon the successful negotiation of definitive agreements, 
and closing will be dependent upon satisfactory completion of due 
diligence and a number of standard closing conditions, including 
regulatory review.
The new enterprise would combine three businesses: Ashland´s Casting 
Solutions business group, the foundry-related businesses of 
Süd-Chemie, and Ashland-Südchemie-Kernfest GmbH. Had it existed in 
2007, this new company would have generated sales of almost EUR700 
million or approximately US$ 1.1 billion with a total of more than 
1.300 employees, making it a worldwide leading company in this area.
Having begun in 1970 with the formation of Ashland-Südchemie-Kernfest
GmbH (ASK) in Hilden, a highly-successful joint venture operating in 
Europe, the existing relationship between Süd-Chemie and Ashland in 
the area of foundry chemicals would now be significantly expanded. 
The new organization would unite the foundry-related sales, 
marketing, technology and certain manufacturing operations of both 
parent companies with those of ASK.
Süd-Chemie and Ashland pursue a similar strategy aimed at providing 
solutions for the rising technological requirements of modern and 
worldwide expanding foundries and seeking international expansion, 
especially in developing countries. In combination, the complementary
business positions will enjoy well-established channels to serve the 
European marketplace, the Americas and Asia.
The industrial concept is based primarily on exploiting high growth 
potential by combining the foundry and metal casting know-how offered
by both enterprises.
Süd-Chemie Aktiengesellschaft
The Managing Board
Munich, 18 June 2008
end of announcement                               euro adhoc

Further inquiry note:

Patrick Salchow
Tel.: +49 (0)89 5110 250
E-Mail: patrick.salchow@sud-chemie.com

Branche: Chemicals
ISIN: DE0007292005
WKN: 729200
Index: CDAX
Börsen: Börse Hamburg / free trade
Börse Frankfurt / free trade
Börse Berlin / regulated dealing
Börse München / regulated dealing

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