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Panabrasive, Inc. and Local 8777 Steel Workers International Union Sign Three-year Agreement
17th May, 2007

Panabrasive, Inc. ( announced today they have reached a three year agreement with Local 8777 of the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union.

Bill Koshut, Vice President of Manufacturing & Purchasing, stated 'As always, we are pleased for the two parties to understand the difficult placement of manufacturing in Ontario along with rising costs for the employee as well as the company. The agreement allows us to move forward with continuous improvement into the future with full expectation of meeting our customer needs.'

Alan Chakra, Chief Executive Officer, Wheelabrator Allevard North American Operations, said, 'We appreciate the continuing long-term cooperation with Local 8777 of the United Steel Workers International Union and the agreement that was recently signed.'

About Wheelabrator Allevard North American Operations

Wheelabrator Allevard North American Operations, whose brands include Wheelabrator Abrasives, Panabrasive, and National Metal Abrasive, has production facilities in Bedford, Virginia and Welland, Ontario. Wheelabrator Allevard North American Operations, an ISO 9001:2000 certified supplier, has gained recognition in manufacturing steel shot and grit abrasives and by delivering high quality products exceeding SAE Specifications, in addition to offering innovative technical solutions to customers in foundry and surface preparation applications in the steel, automotive, energy, construction, and mining industries.

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