Announcements

Completion of Texas expansion portion of multi phase expansion program

Gainesville, TX, February 15, 2006 - PolyPipe^® a leading U.S. manufacturer of both Medium and High Density Polyethylene Pressure pipe announced today completion of a phased project to increase capacity throughout their six plant facilities in the U.S.

“We’ve seen broad acceptance of HDPE as a superior product in all pipe market segments over the last decade,” said David Fordyce, CEO. “We’re continuously upgrading our capabilities to take care of our customers.” Mr. Fordyce stated.

Sales and Marketing Manager, Jay Leeds said, “The completion of this particular phase immediately adds capacity by more than 15% in our two existing Texas plants. This is one of several upgrades underway across our six strategically placed plants. A further expansion of our West Texas plant will be completed in July, 2006.”

PolyPipe^® announced in May of 2005, an expansion to their Fernley, NV plant bringing large diameter pipe to the Western U.S. market. According to Mark Tufts, Western Territory Manager, “We anticipate that our planned start up date for late this spring is on track.”

PolyPipe, Inc., headquartered in Gainesville, Texas is the second largest manufacturer of polyethylene pressure pipe in the U.S. and brings over 35 years of expertise to the industry. The company produces small and large diameter, medium and high density, polyethylene pressure pipe with one of the broadest product offerings in the market. Typically, PolyPipe^® products are used in a variety of end markets, including industrial, water and wastewater, oil and gas production, natural gas distribution, and mining applications.

For further information, please contact Pete Ball at PolyPipe at 940-665-1721.

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