These innovative products are just a few examples of GenTek’s ingenuity and pursuit of quality and growth. We will continue to capitalize on our market-leading technology and customer relationships to expand our product lines, enhance our mix and improve our competitive positioning. In spite of these positive developments, we recognize that 2002 will bring additional challenges, some of which will be significant. A turnaround in our core automotive and communications markets and a return to overall economic growth in the United States may be slower in coming than we would like. Our customers remain steadfast in their demands and requirements, creating new challenges every day. Fortunately, GenTek has the products and services to meet these demands. In addition to keeping our product-development pipeline full, we remain focused on growing our top line, maximizing cash flow, strengthening our competitive position and creating long-term shareholder value.

As we prepare for better times ahead, we wish to thank the men and women of GenTek for their remarkable dedication and service in a very difficult year. Thanks, too, to our loyal suppliers and patient investors, whom we hope to reward as the growth of the company resumes.


Paul M. Montrone
Chairman
March 20, 2002