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GW Plastics Announces Chinese Tooling and Molding Acquisition

New GW Plastics Guangdong Plant in Building B2 An-Li High Tech Park, Zhen'an Road, Chang'an Town, Dongguan City, Guangdong, P.R. China.

Bethel, Vt. - January 31, 2006

GW Plastics, Inc., one of the world's most advanced injection molders and providers of precision tooling, components and assemblies; announced today it has purchased a controlling interest in WCH, a leading mold builder and injection molder headquartered in Guangdong, China.

The Company, which will be renamed GW Plastics Guangdong, employs more than 100 workers and is housed in a 40,000-square-foot, highly-automated facility with clean room capability. GW Plastics Guangdong will share the high standardization in equipment, operating practices and quality systems (including ISO 9001:2000 and TS 16949 certifications) that are hallmarks of all GW Plastics plants. GW Plastics Guangdong is located in the An-Li High Tech Park on Zhen'an Road in Chang'an Town, Dongguan City, Guangdong, P.R. China. GW Guangdong is only a 1.5 hour drive from Hong Kong.

"GW Plastics Guangdong represents the latest step in our global growth strategy," says Ben Bouchard, GW Plastics' VP of International Marketing. "Our focus will be on providing unprecedented high precision tooling and molding capabilities to regional customers. At the same time, this operation, with its high degree of automation and low-cost labor, will provide a competitive advantage to our customers worldwide."

WCH, founded in 1997 by Lide Zeng, has been a key supplier to GW Plastics for precision molds used in the production of close tolerance parts for the automotive, healthcare and industrial markets. Zeng and his management team will be retained to run the GW Guangdong operation.

"We're very excited to be part of GW Plastics' global expansion efforts," says Zeng. "With a current annual capacity of more than 100 molds, GW Plastics Guangdong will serve as a key growth platform in China and greater Asia for precision mold building, molding and assembly."

In addition to GW Plastics Guangdong, GW Plastics recently opened a new, state-of-the-art production facility in Querétaro, Mexico. That plant is located two hours northwest of Mexico City and will meet the increasing demand for high precision molding and assembly in one of the fastest growing industrial regions of Mexico.

GW Plastics is a global, high-precision injection molder, mold builder and contract manufacturer specializing in single-source responsibility for medium-to-high volume, close-tolerance components and assemblies. Ranked among the top 100 molders in North America, GW Plastics’ leading-edge technologies, total quality commitment and pursuit of innovation have driven its steady growth since the company was founded in 1955. The financially strong, closely held organization services a portfolio of Fortune 1000 customers in the Healthcare, Consumer/Industrial and Automotive markets. In addition to the China facility, GW has four U.S. plants (two in Vermont; San Antonio, Texas; and Tucson, Arizona). GW also has a full-service production facility in Queretaro, Mexico.