Polimoon ASA announced today that it has changed its name to Promens with immediate effect. The name change signifies a major milestone in the merger of the two organizations, ongoing since the acquisition of Polimoon ASA by Promens hf. in December 2006.

Promens has now brought all their operations together under one name, thus significantly simplifying and strengthening the Groups communications and image.

Known for being the world largest rotational moulding group, Promens now offers a much broader product and service portfolio, as well as technical capabilities with all major plastics conversion methods available from one company.

Mrs Ragnhildur Geirsdottir President & CEO Promens, ... "A name change is the best way to convey the advantages of the Polimoon ASA/Promens hf. merger. Over the last two years Promens has grown significantly. We have entered new business segments and we can offer all plastic conversion methods from one organisation. Promens has a strong corporate identity that will accurately represent our company and its services. While our name is changing the core elements of our organisation will remain the same. Promens will continue to provide our customers and partners with the same high level of service as delivered by Polimoon ASA. This change demonstrates that we are going forward as one company."

Although a new name is in place, company address, phone and fax numbers will remain unchanged. The company email address structure is now name.surname@promens.com and the website can be found at www.promens.com. The changes are effective immediately and all future business activity will be undertaken with the new name.