GE Advanced Materials/Toshiba Joint Venture To Build Silicones Plant In China

GE Toshiba Silicones has entered into an agreement to develop a new silicones manufacturing plant
in Nantong, Jiangsu province, China. The company — a joint venture between Wilton, Conn.-based
General Electric Co.’s (GE’s) Advanced Materials business and Japan-based Toshiba — will invest
US$78 million to build the new plant. GE Toshiba Silicones says the facility, scheduled to begin
production by the end of 2007, will enable it to provide silicone technologies to companies in
China faster and more easily through a shortened supply chain.

“GE Toshiba Silicones has always envisaged China as one of the most important markets in the
world,” said Eddy Wu, president and CEO, GE Toshiba Silicones. “We are committed to introducing the
latest silicone technologies to China based on profiles of local demands, aiming to convert
[research and development] results in advanced technologies into cutting-edge products that meet
the requirements of our customers.”

GE Toshiba Silicones executives signed an agreement to establish a new silicone
manufacturing plant in Nantong, China, during a special ceremony.

“The rich resources in world-class technologies and profound understanding of the market of
GE Toshiba Silicones will combine well with Nantong’s geographic advantage as an industrial center
in the [Yangtze River Delta] to provide a major driver to regional economic development,” added
Chen De Xin, director, Nantong Economic & Technology Development Zone.

May/June 2006