Thermolon and Shinwoo Merge -- USD 15 Million Investment Planned



    HONG KONG, Jan. 30 /CNW/ -- Thermolon -- the supplier of the non-stick
coatings that have taken the cookware world by storm, today announced that
they have merged with Shinwoo Trading Company -- the South Korean company that
manufactures the coating.
    
    (Logo: http://www.xprn.com/xprn/sa/200801301619.jpg )
    
    Thermolon(TM) has proved extremely successful on the USA and European
markets and has sent shock waves through the entire professional culinary
world.  Thermolon(TM) coatings are completely PTFE-free and, therefore, no
PFOA (sometimes known as "C8") is used at any stage during Thermolon's
manufacture.
    For many years, Shinwoo has been committed to the development and
research of environmentally-friendly, PTFE-Free and High Temperature Resistant
coatings.
    In Phase 1 of the new company, a new investment of USD15 Million is
planned in 2008 to expand further the production capacity of Thermolon(TM).
    Both companies will go under the umbrella of Thermolon Ltd and all
products will be branded as Thermolon(TM).
    Their clients include: Home Shopping Network (USA), MIGROS (Switzerland),
Demeyere (Belgium), Russel Hobbs (UK) and Shulte Uffer (Germany). Many new
customers are being added as the market need for PTFE-free, high heat
resistant, and environmentally sustainable coatings grows.
    Thermolon Ltd is the fastest growing company in the environmentally-
friendly coating industry for the year 2007. The outlook for the year 2008
promises continuation and strengthening of this trend.  Consumers appreciate
that they now have the choice between highly heat-resistant, PTFE/PFOA-free
Thermolon(TM) versus the traditional low temperature-resistant PTFE-containing
coatings.
    (PFOA, a persistent organic pollutant and likely human carcinogen, can
found in the blood of animals and most of the human population.  Under a
voluntary stewardship program of the USA's EPA, PFOA emissions and levels
found in end products must be reduced to zero by the year 2015.  It is
currently a cause of great concern to environmental bodies and to
organizations such as the WWF (World Wildlife Fund)).
    The company Headquarters is located in Busan, South Korea where they will
continue to expand their R&D facilities.  The commercial and financial centre
is located in Hong Kong.
    For any further updates, please visit our website:
http://www.thermolon.com or if you need further information please do not
hesitate to contact the undersigned.

    Media Contacts:

    
     Thermolon Korea:
     Mr. CK Park
     Tel:   +82-51-466-8898
     Email: info@thermolon.com
    

    
     Thermolon Hong Kong:
     Dr. Christopher H. Phillips
     Tel:   +852-2302-0193
     Email: info@thermolon.com
    




For further information:

For further information: Thermolon Korea - Mr. CK Park, +82-51-466-8898,
 info@thermolon.com; Thermolon Hong Kong - Dr. Christopher H. Phillips, +852- 
2302-0193, info@thermolon.com Web Site: http://www.thermolon.com

Organization Profile

THERMOLON LTD

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SHINWOO TRADING COMPANY

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