Lumena Accredited National Science and Technology Progress Awards -- Second Prize with Its "Full Set Technology Development and Applications of PPS Fibre"

HONG KONG, Jan. 17, 2011 /PRNewswire-Asia/ -- China Lumena New Materials Corp. ("Lumena" or the "Company", HKEx Stock Code: 67), the world's second largest thenardite producer* and the world's largest PPS resin producer**, is pleased to announce that Deyang Company, a subsidiary of the Company accredited the National Science Technology Progress Award -- Second Prize.

The 2010 National Science and Technology Awards Conference was held on 14 January 2011 in the Great Hall of the People in Beijing. During the Ceremony, 356 awards of 2010 National Science and Technology Awards were presented. With the accomplishment of being the first company achieved the "Full Set Technology Development and Applications of PPS Fibre", Lumena was accredited the National Science and Technology Progress Awards -- Second Prize.

Mr. Zhang Daming, Executive Director and CEO of Lumena, said, "We are delighted to receive this award, which is a recognition from the Country for the Company's effort in the development of PPS industry. Going forward, we will continue to develop new products and applications of PPS, further strengthen the Company's leading position in the PPS industry and bring Lumena to be one of the world's leading producers of high-end specialty materials." 

About China Lumena New Materials Corp.

Lumena focuses its operations on the mining, processing and manufacturing of natural thenardite products, and is the second largest thenardite producer in the world in terms of production capacity as of 31 December 2008*. Equipped with the world's largest single line production facility, the Company produces high quality thenardite products, including powder thenardite, specialty thenardite and medical thenardite. Lumena operates four captive underground glauberite mines in Dahongshan Mining Area, Guangji Mining Area, Muma Mining Area and Yuegou Mining Area in Sichuan Province. Its reserves are higher than the average grade in China, according to JT Boyd***. In January 2011, Lumena successfully acquired the world's largest PPS resin producer, Sino Polymer New Materials Co., Ltd., expanding downstream business to production, development and sales of PPS resin, PPS compounds and PPS fibre.

* In terms of production capacity as of December 31, 2008, according to Behre Dolbear, an independent market research consultant

** In terms of production capacity as of December 31, 2009, according to SRI Consulting, an independent research service firm

*** John T. Boyd Company, a mining consultant firm

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