Chemrez Technologies, Inc. (COAT) was originally incorporated on June 1, 1989 as Corro-Coat, Inc. and was listed at the Philippine Stock Exchange on December 8, 2000. Positioning for further growth, the company expanded its manufacturing business and product line in 2006 and branched out from powder coating to move into the production of biodiesel and other oleochemicals, resins and other specialty chemicals. This was undertaken through a 100% acquisition of its resins producer affiliate, Chemrez Inc., by way of a share exchange transaction, and by its procurement of a new biodiesel facility and oleochemical plant assets. As part of its branding strategy for its business diversification, the company also assumed a new corporate name, Chemrez Technologies, Inc. COAT and its wholly owned subsidiary, Chemrez, Inc., manufacture and market an extensive line of oleochemicals, polystyrene resins grades, powder coatings and other specialty chemicals such as additives, colorants and solvents for both domestic and export markets. The company operates principally in two segments of the business-oleochemicals (agri-based products) and specialty chemicals (resins-based products). Source: SEC Form 17-A (2008)