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ZEON Corporation Announces New Plant for Zeonor Film® Used in Optical Applications

TOKYO, Japan (August 9, 2006) - ZEON Corporation has announced its decision to construct a new Zeonor Film® plant for Optes Co., Ltd., its wholly owned subsidiary, in Himi City, Toyama Prefecture, Japan, in response to the rapidly expanding adoption of its Zeonor Film® (stretched film) for LCD TVs. The demand for large LCD TVs is expected to continue to expand at a brisk pace due to such factors as replacement TV purchases associated with the conversion to digital broadcasting.

Ongoing expansion is currently underway at the existing Takaoka Plant of Optes Inc. (Takaoka City, Toyama Prefecture, Japan) to increase production capacity for optical film rolls to 40 million m2 and to 30 million m2 for Zeonor Film (stretched film). This expansion is scheduled for completion by October 2006.

The new Himi City plant will be constructed at a newly purchased site of approximately 170 thousand m2 in Himi. ZEON plans to complete the construction in September 2007 at a projected investment of about 10 billion yen (US $86.7 million) for Phase I. The initial capacity of Phase I will be approximately 15 million m2 per year of film. Capital investment for Phases II and III of the new plant is expected to be made in stages in accordance with the rise in future demand.

The site was selected from several candidates inside and outside of Toyama Prefecture, in consideration of the prefecture's enthusiastic courting and offer of substantial enterprise subsidies, good access to motorway, and proximity to the existing Takaoka Plant, enabling Optes to operate both effectively.

For additional information regarding Zeonor Film, contact ZEON's offices at (502) 775-2000 or on-line at www.zeonchemicals.com/zeonorfilm.

About Zeonor Film®
ZEON Corporation became the first company in the world to manufacture optical film using the melt extrusion process in October 2002 and began marketing Zeonor Film as a polarizing roll film. The second phase of production capacity expansion was completed in February 2005.

Zeonor Film exhibits superior optical properties, including high transparency, low double refraction, low dispersion, and low photoelasticity. Zeonor Film also features low moisture permeability and high heat resistance and provides excellent durability as optical film for LCDs.

In addition to superior optical properties and durability, the new Zeonor Film is characterized by high polarizing performance that is produced by stretching Zeonor Film. Among other features, the product: (1) provides both polarizing and polarizing plate protection performance (2) supports the production of polarizing plates using roll-to-roll pasting technology and (3) contributes to improved screen stability.

The outstanding characteristics of the new Zeonor Film reduce the number of parts and streamline the production process. In terms of quality, the product improves the durability of polarizing plates and prevents contrast deterioration caused by glow leakage from the surrounding screen area, leading to the expanding use of new Zeonor Film for large LCD TVs.