ATLANTA, GA. December 02, 2003 -- Georgia-Pacific Resins, Inc. (GPRI), a subsidiary of U.S.-based Georgia-Pacific Corp., today announced that it has established a strategic alliance with Kolon Chemical of South Korea.

This alliance will enable both companies to identify products required by their markets and to offer a wider range of technical solutions. Sales have already begun under this agreement.

“We believe that the relationship will benefit both companies, and allow us to use our strengths to build a stronger presence in the marketplace,” said Mario Concha, president – Georgia-Pacific Resins. “We will be sharing technology, products, market knowledge, applications know-how and other capabilities to serve new customers. This should lead to a stronger relationship for our companies in the future.”

The agreement will allow Kolon to offer GPRI’s low-emissions wood adhesives technology in Korea. This technology ensures the best possible indoor air quality from products made of composite wood panels. In addition, Kolon and GPRI will expand their presence in China and Japan, bringing their superior technology to specialty industrial resins customers in those markets. In August, Kolon announced plans for constructing a phenolic resins plant in Souzhou, China. Production is expected to begin in August 2004.

Kolon Chemical Co., Ltd., is an affiliated company of Kolon Group, a leading conglomerate in Korea. Established in 1976 by a joint-investment of Kolon Industries, Inc. and Nippon Petrochemical Co., Ltd., Kolon Chemical has built a leading position in specialty chemicals, including hydrocarbon resins, super absorbent polymers, phenolic resins and fine chemicals. Kolon has become one of the leading chemical groups in Korea with total assets of $3.9 billion, annual sales of $3.4 billion and approximately 8,400 employees.

Georgia-Pacific Resins is one of the most recognized and respected makers of thermosetting resins and chemicals used in building products, paper making and in many specialty industrial applications. It operates 15 chemical plants in the United States, two in Brazil, one in both Chile and Argentina, as well as a joint venture in South Africa.

Headquartered in Atlanta, Georgia-Pacific is one of the world’s leading manufacturers of tissue, packaging, paper, building products, pulp and related chemicals. With 2002 annual sales of more than $23 billion, the company employs approximately 61,000 people at 400 locations in North America and Europe. For more information, visit www.gp.com.

Media Contact:
James C. Malone
(404) 652-6031