CHIMAR HELLAS S.A. BINDING INNOVATION

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1 CHIMAR HELLAS S.A.

2 Summary of activities CORE Business 1 Development & Application of Industrial Technology for Binders & Additives 2 Engineering Services & Equipment Supply for resin plants 3 Technical Support & Training Services for resin & panel manufacturers 4 R&D Services for 3 rd parties 5 Participation in EU research projects Specialty SERVICES 1 Chemicals production upon request 2 Accredited testing (EN 17025) 3 Resin, Additives & Board testing and evaluation 4 Equipment Representation

3 Year Achievements Highlights 1977 Innovative Resin Substitute for cost savings 1980 Innovative Formaldehyde Scavenger for low emissions 1983 Innovative Reactive Hardener for increased productivity st Formaldehyde & Resin plant in N. America Exclusive production for Flakeboard st Announcement for formaldehyde emission down to wood level st Formaldehyde & Resin plant in Europe Woodchem Europe st patented Bio-based binder technology 2010 CHIMAR Lab accredited as per EN ISO:IEC National Champion in European Business Awards

4 CHIMAR in figures

5 Turnover Sources Division % turnover (2.2 ) Royalties and Tech. support 50% 3rd party R&D 20% EU Funded Projects 20% Engineering services 5% GreCon - Rembe sales 5% Royalties and Tech. support 3rd party R&D EU Funded Projects Engineering services GreCon - Rembe sales

6 CHIMAR Market outreach Established relationship with 10% of global WBP production Capacity Boards (m 3 /yr) Lamination (m 2 /yr) Plants using CHIMAR products 16 Million 270 Million Companies in Projects (R&D - Industrial) with CHIMAR 14 Million 315 Million All the above-mentioned figures are continuously increasing In 2014 the Global Wood-based panel production reached 388 million m 3 whereas it was the sector that saw the fastest growth in production due to the rapid and consistent growth in the Asian-Pacific region (FAO Report) 6

7 Licensing technology - 40 years in 40+ countries

8 Industrial Technology For the production AND APPLICATION of binders: Amino & Phenolic Resins UF / UmF / MUF / PF / PUF Lignin-Based Resins UPM BioPiva 100 NAF Binders MDI & Durabind (EcoSynthetix) WBP (MDF, PB, OSB, Plywood) Laminates ( HPL/LPL), Engineered wood (Glulam, LVL, CLT) CHIMAR advantage: productivity, consumption, production cost!

9 Third party R&D CHIMAR undertakes R&D projects for: Adding Value to Products such as: Lignin Starch CNSL Tannin Glycerin Pyrolysis Oil Developing Novel Composites such as: Boards from Annual Plant Fibers e.g. Light weight panels Panels from Recycled Materials CHIMAR advantage: 40 years sustainable development

10 Engineering / Procurement Turn- key Formaldehyde and resin plants Procurement Basic Engineering Detail Engineering - Resin Plants Resin Reactors CHIMAR advantage: experience from 18 projects worldwide!

11 Technical Support Remotely/On-site Technology licensees benefit from, cherish and value this service as they gain: Access to a vast pool of knowledge & industrial global expertise Troubleshooting for panel production especially for low emissions Holistic approach and investigation from log yard to resin production to finished products incl. lamination 9 highly skilled professionals are available 24/7 CHIMAR advantage: 100+ industrial sites, 25 years of emissions at wood level!

12 MDI Accelerators Specialty Chemicals Reactive hardeners for amino & phenolic resins Vapour Catalysts to avoid all precuring Cold setting PF & MUF systems Additives for paper impregnation manufacturing CHIMAR advantage: quality, price, reliability!

13 Funded Research Projects/Networks

14 Specialty Services Accredited Testing (as per EN 17025) EN 717-2, EN 120 & EN 322 Testing & Evaluation of Resin/Additives and Boards Lab, pilot and industrial trials Industrial Equipment Representation Division Distributor/Sales Representative of GreCon & Rembe equipment in Greece and Cyprus

15 CHIMAR Competitive Advantage State-of-the-art technology both cost & quality wise Customizing chemicals with industrial equipment (current & new) Strong Technical Support Team Anticipating future needs

16 Location & Contact Details 88 Sofouli str., Thessaloniki, GREECE Tel: Fax:

17 THANK YOU!

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