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Minority-Owned Nonwovens Producer Begins Construction

February 28, 2005

Amantea Nonwovens has broken ground on the first minority-owned nonwoven fabric manufacturing facility in the U.S. The groundbreaking occurred in February at the TechSolve Business Park in Cincinnati. Among the speakers at the event were Ohio Governor Bob Taft, Cincinnati vice mayor Alicia Reece, Kevin Lynch, CEO Amantea Nonwovens, Sorin Crainic, COO of Amantea Nonwovens and Scott Burns, associate director, Procter & Gamble.

Amantea Nonwovens was incorporated in 2003 and is owned by Kevin Lynch, Albis Spa, Ernie Green and Sorin Crainic. The company is currently constructing a 77,000-square-foot manufacturing facility in the TechSolve Business Park, which will produce a nonwoven fabric for use in P& G’s businesses.

"We deeply appreciate the support of P&G, Albis Spa, and Ernie Green who have provided the foundation we need to be successful as the first US minority-owned nonwoven fabrics company," said Kevin Lynch, CEO of Amantea Nonwovens. "In addition, P&G is to be commended for their continued commitment to minority business suppliers.

The new facility is located in one of the Federally-designated Empowerment Zone neighborhoods, one of nine in Cincinnati. This Federal program will contribute $100 million to the communities during a 10-year year period in an effort to bring public and private partnerships together to attract investment capital for these communities, and stimulate job growth for the residents.

The new manufacturing facility consists of three phases:

• The first phase was the announcement by Procter & Gamble in July, 2004 that it signed a $30 million contract involving BBA Fiberweb, with Amantea Nonwovens as the distributor.

• The second phase includes the construction of a production plant in Cincinnati, with Albis Spa—an Italian nonwovens producer and partner in Amantea—providing technology support. When construction is completed, Amantea will begin manufacturing the nonwoven material they were distributing during phase one as part of a multiyear contract worth in excess of $100 million.

• The third phase of the project will involve exploring other commercial and consumer markets for nonwovens and similar products beyond the existing

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