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United Plastics Group, Inc. Gains Asian Presence By Entering Into Strategic Supply Agreement With First Engineering Limited


WESTMONT, IL - February 9, 2001 - United Plastics Group, Inc. (UPG), a full service manufacturer of plastic products for the electronics, medical, consumer and industrial/automotive markets, today announced that they have entered into a strategic supply agreement with First Engineering Limited (First Engineering), headquartered in Singapore, with additional facilities in Malaysia and China.

"Our partnership with First Engineering is evidence of our continuing commitment to provide our customers with a global manufacturing presence to support their global manufacturing needs," explains William J. Kriss, president and CEO of United Plastics Group, Inc. "We're excited to offer our customers that have an Asian presence the caliber of services that First Engineering offers since they are well known internationally for their competitively priced, quality products and efficient services."

About First Engineering Limited
First Engineering, incorporated in Singapore in 1980, has been listed on the Singapore Exchange Securities Trading Limited since 1994 and is currently trading on its Main Board.

First Engineering is a leading designer and manufacturer of high precision molds, with additional molding facilities in China (Shanghai and Guangzhou) and Malaysia (Johor Bahru and Penang). As a leading custom manufacturer of precision plastic components, plastic gear mechanisms and optical products in Asia, First Engineering has state-of-the-art machinery to meet the time-to-market and time-to-quality demands of its customers. First Engineering is constantly innovating and improving on its design, mold, process and automation capabilities and has set up a Technology and Design Centre for this purpose.

About United Plastics Group, Inc.
United Plastics Group, Inc. headquartered in Westmont, IL, is a full service manufacturer of precision plastics products and value-added services for the electronics, medical, consumer and industrial/automotive markets. United Plastics Group operates state-of-the-art facilities in California, Canada, Florida, Illinois, Kentucky, Massachusetts, Mexico, Minnesota, Texas, and the United Kingdom.

United Plastics Group recently acquired custom injection molder OR Plastics, Inc. on June 5, 2000, Supreme Plastics, Inc. on June 30, 2000, and $250 million injection molder SPM on July 25, 2000. United Plastics Group completed these transactions with their financial partner, Aurora Capital Group of Los Angeles, CA, an investment firm that acquires and builds companies in partnership with operating management.

 

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