News Release

Cancarb and Kangshin Industrial Announce New Thermax® Partnership in Korea

October 4, 2016

Cancarb Limited is pleased to announce the appointment of Kangshin Industrial Co., Ltd., as Cancarb's new authorized distributor for Thermax® brand thermal carbon black in South Korea effective January 1, 2017.

"Our new partnership with Kangshin Industrial will bring a new focus to Cancarb's Thermax® products in Korea" said Ken Tate, Cancarb President. "Kangshin can offer Cancarb's customers both technical assistance and complementary products."

"Kangshin Industrial is honored to enter into a partnership with Cancarb-an organization with high standards of quality and integrity," said Sangwook Park, President of Kangshin Industrial, "we are excited to offer Cancarb's Thermax® thermal carbon black throughout Korea."

About Cancarb Limited
Cancarb is the global leader in the production and marketing of thermal carbon black with customers in 44 countries. Our plant, located in Alberta, Canada, uses state of the art technology to ensure that our Thermax® brand products are of the highest quality and consistency and are produced efficiently and in an environmentally responsible manner. Cancarb is a subsidiary of Tokai Carbon Co. Ltd. With more than 95 years' experience, Tokai Carbon is a global leader in carbon materials with operations in Carbon Black, Graphite Electrode, Fine Carbon and Friction Materials. For further details see www.cancarb.com

About Kangshin Industrial Co., Ltd.
Kangshin Industrial Co., Ltd. started in 1965 as an import and export specialist for the Korean rubber, plastics, foods, pharmaceuticals, fine chemicals, and electrical equipment markets. In addition to materials, we also offer a diverse range of technical abilities. With offices in Seoul, Busan, and Daegu, we guarantee our clients fast and convenient service. Kangshin Industrial works with the best products and suppliers to offer excellent service and technical support for our customers. Visit us at www.kangshin.co.kr.

For further information, please contact:

Cancarb Limited: Ross Buchholz: +1.403.529.4327
Kangshin Industrial: Sangwook Park: +82-2-920-4000