Keyuan Petrochemicals Inc. completes capacity expansion

Keyuan Petrochemicals, Inc. (Nasdaq: KEYP) ("Keyuan" or the "Company"), a leading merchant manufacturer of various petrochemical products in China, announced that is has successfully completed its capacity expansion.

The Company commenced the capacity expansion project on March 19th, 2011 and completed all equipment installation and testing by the end of April. Keyuan now has approximately 720,000 metric tons (MT) of annual production design capacity, up from 550,000 MT previously.