Emerson fulfilling $7.4M contract to supply digital control valves for the world's largest olefin plant in Taiwan

Emerson's Fisher^® valves selected based on excellent valve design, predictive diagnostics and reliable consistent performance

AUSTIN, TEXAS (July 25, 2006) – Emerson Process Management is fulfilling a contract received from Formosa Petrochemical for Fisher^® digital valves to be installed at olefin OL3 plant in Mai Liao, Taiwan. Emerson was awarded the contract based on the technology, and proven, reliable capabilities of Fisher products.

Emerson will supply 1150 Fisher control valves with the Fisher FIELDVUE^® digital valve controllers. The largest ever Fisher anti-surge valve, a 24x42" FBT with an optimized anti-surge actuation system to stroke the valve with 23-7/8" travel within 2 seconds, will be supplied.

The use of Fisher digital valves in critical applications, and in the maintenance of the plant, will help to address Formosa's concerns in meeting both local governmental and international regulations on the environment, and will enable predictive monitoring of the processes and digital valve performance, supporting proactive maintenance that addresses problems before they become issues affecting plant performance.

Costs of unscheduled shutdowns arising from outages, equipment wear and tear, and process variability can be pre-empted with diagnostics, thereby delivering optimum operational excellence and profitability improvement. Results have shown that Fisher valves are superior in performance, reducing the overall cost of ownership.

Formosa OL3 is to date the largest ethylene plant in the world, capable of a full production capacity of 1,100,000 tons per year.

About Formosa Petrochemical Corporation

Formosa Petrochemical Corporation (FPCC) is a US$ 2 billion company that is publicly listed on the Taiwan Stock Exchange. FPC controls about 30 percent of Taiwan's gasoline and diesel market, and generates about 65 percent of its sales from oil products.

The FPC group is reported to have plans to increase its production capacity by 11 percent to 540,000 BPD by end of 2006, primarily to meet the growing demands coming from India and China (source: Bloomberg).

About Emerson Process Management

Emerson Process Management (www.emersonprocess.com), an Emerson business, is a leader in helping businesses automate their production, processing and distribution in the chemical, oil and gas, refining, pulp and paper, power, water and wastewater treatment, food and beverage, pharmaceutical and other industries. Fisher® control valves (www.emersonprocess.com/fisher) play a key role in Emerson's combining of superior products and technology with industry-specific engineering, consulting, project management and maintenance services. Emerson brands include PlantWeb®, Fisher®, Micro Motion®, Rosemount®, Mobrey®, Daniel®, Bristol®, DeltaV™, Ovation®, and AMS™ Suite.

About Emerson

Emerson (NYSE: EMR), based in St. Louis, is a global leader in bringing technology and engineering together to provide innovative solutions to customers through its network power, process management, industrial automation, climate technologies, and appliance and tools businesses. Sales in fiscal 2005 were $17.3 billion. For more information, visit www.GoToEmerson.com.

Fisher and FIELDVUE are marks of Emerson Process Management. Other marks are the property of their respective owners.