Market Overview

Ingevity to increase and upgrade activated carbon extrusion in Covington, Virginia


Ingevity Corporation (NYSE:NGVT) today announced that it will increase
extrusion capacity at its Covington, Virginia, facility in response to
continued significant growth in global demand for its extruded activated
carbon pellet products. These are used primarily in gasoline vapor
emission control systems in cars, trucks, motorcycles and boats.

The upgrades will include adding the use of a new pellet extrusion
technology that will improve quality, consistency and throughput. This
same technology is currently in use at the company's activated carbon
extrusion facility in Wujiang, China, and will also be implemented at
Ingevity's new extrusion facility being constructed in Changshu, China.

The additional equipment and technology upgrades will increase total
extrusion capacity in Covington by 10 to 20 percent. Representing an
investment of $15-20 million, the new capacity is expected to be
operational by the third quarter of 2019.

In May, Ingevity announced that it would increase its carbon activation
capacity in Covington by 20 percent at a cost of $35-40 million.

"Our Performance Materials segment continues to experience an
unprecedented demand for its advanced activated carbon pellet products
for automotive applications," said Michael Wilson, Ingevity's president
and CEO. "As global regulations become more stringent, we will continue
to invest in our production and technical capabilities to meet our
customers' requirements."

He added that this project is included in the company's most recent
capital expenditure and cash flow guidance.

"As the overall global automotive application grows for our extruded
activated carbon pellet products, our customers are shifting from an
existing product to a new, improved product that requires new
technologies to manufacture," said Ed Woodcock, executive vice president
and president, Performance Materials. "With the extrusion capability
upgrades and increased extrusion capacity at our Covington facility, we
will be more prepared to meet not only increased demand but enhanced
quality requirements."

In addition to the extrusion facilities in Covington and Wujiang, and
the nearly completed extrusion facility in Changshu, Ingevity has carbon
activation facilities in Covington and Wickliffe, Kentucky, and a
"honeycomb" scrubber plant in Waynesboro, Georgia.

Ingevity has produced and sold activated carbon for more than a century,
including over 40 years in the automotive market. With over 900 million
units installed globally, they are the global leader in the automotive

Ingevity: Purify, Protect and Enhance
Ingevity provides
specialty chemicals and high-performance carbon materials and
technologies that purify, protect and enhance the world around us.
Through a team of talented and experienced people, Ingevity develops,
manufactures and brings to market products and processes that help
customers solve complex problems. These products are used in a variety
of demanding applications, including asphalt paving, oil exploration and
production, agrochemicals, adhesives, lubricants, publication inks and
automotive components that reduce gasoline vapor
emissions. Headquartered in North Charleston, South Carolina, Ingevity
operates from 25 locations around the world and employs approximately
1,600 people. The company is traded on the New York Stock Exchange
(NYSE:NGVT). For more information visit

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