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Ingevity begins production at new activated carbon extrusion plant in Changshu, China

December 6, 2018

NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--Dec 6, 2018--Ingevity Corporation (NYSE: NGVT) has begun production at its newly constructed, state-of-the-art activated carbon extrusion plant in Changshu, China. The addition of this facility allows the company to better meet the significant growth in global demand for pelletized carbon products, which are primarily used in gasoline vapor emission control systems in cars, trucks, motorcycles and boats.

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Ingevity held a grand opening at its new, state-of-the-art activated carbon extrusion plant in Changshu, China, on Dec. 5. The $20 million facility complements the company’s four existing activated carbon plants in the U.S. and China, as well as a “honeycomb” scrubber plant in Waynesboro, Georgia. Pictured from left to right: Kevin Shao and Eric Ke, Fervent Industrial Development; Bo Lei, Changshu Municipal People’s Government; Michael Wilson, Ingevity; Feng Cheng, Changshu National New and Hi-tech Industrial Development Zone; Ed Woodcock, Marty Heyne and Erik Ripple, Ingevity. (Photo: Business Wire)

The new $20 million facility currently houses one new extrusion line and employs approximately 80 people. The company has also relocated its extrusion line from its Wujiang, China, facility to Changshu, and that line is expected to begin production by late second quarter of 2019. Once both lines are operational, the facility will employ about 120 people.

“As our Performance Materials segment continues to experience unprecedented demand for its activated carbon pellet products for automotive applications, we continue to invest in our production and technical capabilities to meet our customers’ requirements,” said Michael Wilson, Ingevity’s president and CEO at a grand opening held yesterday at Changshu. “We are pleased that our newest extrusion facility has been completed on schedule and is producing high quality material.”

The Changshu facility complements existing activated carbon plants in Zhuhai, China, Wickliffe, Kentucky, and Covington, Virginia, as well as the “honeycomb” scrubber plant in Waynesboro, Georgia. In addition, and as announced previously, the Covington facility is currently undergoing a series of upgrades that include the addition of a new pellet extrusion line that will use the same technology employed at the Changshu facility.

“We pulled forward the installation of an additional extrusion line at the Changshu facility based on accelerating implementation of automotive gasoline vapor emissions regulations around the globe,” said Ed Woodcock, executive vice president and president, Performance Materials.

Ingevity has produced and sold activated carbon for more than a century, including over 40 years in the automotive market. With over 750 million units installed globally, the company is the global leader in the automotive application.

Ingevity: Purify, Protect and Enhance Ingevity provides specialty chemicals and high-performance carbon materials and technologies that purify, protect and enhance the world around us. Through a team of talented and experienced people, Ingevity develops, manufactures and brings to market products and processes that help customers solve complex problems. These products are used in a variety of demanding applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, publication inks and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 25 locations around the world and employs approximately 1,600 people. The company is traded on the New York Stock Exchange (NYSE: NGVT). For more information, visit www.ingevity.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181206005872/en/

CONTACT: Contact:

Laura Woodcock

843-746-8197

laura.woodcock@ingevity.comInvestors:

Dan Gallagher

843-740-2126

daniel.gallagher@ingevity.com

KEYWORD: UNITED STATES ASIA PACIFIC NORTH AMERICA CHINA SOUTH CAROLINA

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS OTHER MANUFACTURING AUTOMOTIVE ENVIRONMENT OTHER AUTOMOTIVE

SOURCE: Ingevity Corporation

Copyright Business Wire 2018.

PUB: 12/06/2018 04:15 PM/DISC: 12/06/2018 04:15 PM

http://www.businesswire.com/news/home/20181206005872/en

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