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Lord Corporation Signs Agreement With Fukoku

8 June 2000

    CARY, N.C. - Lord Corporation's Mechanical Products Division, Cary, NC, USA 
and Fukoku Company Ltd., Ageo, Saitama, Japan have formed a Strategic Alliance 
to design, manufacture and sell certain industrial products for control of shock
, noise and vibration on a worldwide basis.

    In making the announcement Eric Ravinowich, Regional General Manager, Far
East, said, "We believe this alliance will provide our customers better
worldwide support by most effective utilization of the capabilities of both
organizations.  This will include an exchange of certain technologies that
will assist each organization.

    "Products included in the alliance are industrial products for a number of
transportation markets ranging from on highway to rail and rapid transit.
There are certain areas within the agreement where other alliances or primary
marketing of certain products are proprietary to each member of the alliance."

    Fukoku was established in 1953 in Ageo, Saitama, Japan.  In addition to
operations in Japan, it has manufacturing facilities in So. Korea, Thailand,
Indonesia and in the USA.  Fukoku manufactures and sells a large product line
of Industrial anti-vibration rubber-to-metal products as well as a series of
molded rubber products.

    Lord Corporation was founded in 1924 in Erie, Pennsylvania, USA.  The
Mechanical Products Division designs, manufactures and sells a wide range of
shock, vibration and noise control products for both Industrial and Aerospace
markets.  In addition to operations in the United States, Lord MPD has
operations in Europe, is currently constructing a facility in Shanghai, China
and has an Alliance in India.

    Lord Corporation is a $420 mm privately held diversified company that
designs, formulates, manufactures and markets adhesives, polyurethane
coatings, a variety of electronic adhesives and coatings; devices and systems
to manage mechanical motion and control noise, and designs and manufacturers
products and system utilizing magneto-rheological (MR) fluids.  Lord has three
major operating divisions, Chemical Products Division, Mechanical Products
Division, and Material Division.  The Corporation has plants in 7 states and
has facilities/operations in 10 countries and employees over 2,200 worldwide.
World headquarters is in Cary, NC.