Rea and Tongling Jingda form two joint ventures in China

May, 2008

Tongling Jingda of the Peoples Republic of China, and Rea Magnet Wire Inc., of America announce the establishment of two joint ventures in the Chinese province of Anhui in the city of Tongling. With an estimated annual capacity of 36,000 tons, the Tongling Jingda Rea Special Enameled Wire Company joint venture will produce high temperature class magnet wire for the refrigeration compressor and industrial motor markets.

With an estimated annual capacity of 25,000 tons, the Tongling Jinggong Rea Special Wire Company will specialize in lower temperature class materials for the oil filled transformer, appliance, and automotive markets.

“With our partner Tongling Jingda, we are reaching our objective of providing world-class products within the most comprehensive servicing network in China to our strategic customers”, stated Dwight Mattmuller, Vice-Chairman of Jingda Rea.

Tongling Jingda and Rea are the largest magnet wire producer(s) in China with six manufacturing operations. Tongling Jingda is the 4th largest magnet wire producer in the world. Rea is the largest magnet wire producer in North America and second largest in the world.