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Chesapeake Dedicates Plastic Packaging Plant in Hungary
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Peremarton, Hungary, 29 January 2008 -- /PRNewswire/ -- Chesapeake Corporation (NYSE:CSK), a leading international supplier of value-added specialty paperboard, plastic, and pharmaceutical packaging, recently dedicated its new plastic packaging plant in Peremarton, Hungary, which serves specialty chemical customers.

The new plant is a joint venture formed last year between Chesapeake and Chemark Termelo es Kereskedo Kft., a pesticide formulating company based in Hungary. The joint venture, Chesapeake Plastics Kft., supplies customers including Chemark and Syngenta Crop Protection, and is targeting prospective specialty chemical plastic packaging customers in Central and Eastern Europe.

"We're pleased that our joint venture in Hungary is now operational and serving our specialty chemical customers in the region," said Andrew J. Kohut, Chesapeake president and chief executive officer. "We've teamed up with a strong partner, and we're excited about the prospects for future growth."

Through its Specialty Chemical Packaging Division, Chesapeake designs and manufactures high-performance plastic bottles and containers and supplies a full range of HDPE and PET bottles and containers to multinational companies as well as smaller specialized businesses. "With production sites in France, England, China, and now Hungary, Chesapeake Specialty Chemical Packaging Division is committed to further developing its global supply network to serve its customers," said J.P. Morvan, managing director of Chesapeake Specialty Chemical Packaging Division.

Chesapeake Corporation protects and promotes the world's great brands as a leading international supplier of value-added specialty paperboard and plastic packaging. Headquartered in Richmond, Virginia, USA, the company is one of Europe's premier suppliers of folding cartons, leaflets and labels, as well as plastic packaging for niche markets. Chesapeake has 45 locations in Europe, North America, Africa, and Asia and employs approximately 5500 people worldwide.

Chemark Termelo es Kereskedo Kft. is a privately owned Hungarian company, located in Peremarton, Hungary, near Budapest. The company was founded in 1991 and is involved in the formulation and supply of pesticides.

Source: Chesapeake Corporation


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