Marine Products (MPX) 8-K Marine Products Corporation Announces an 8.3 Percent Increase to the Quarterly

Exhibit 99

FOR IMMEDIATE RELEASE

Marine Products Corporation Announces an 8.3 Percent Increase to the Quarterly

Cash Dividend and an Increase in the Share Repurchase Authorization

ATLANTA, January 23, 2008 -- The Marine Products Corporation (NYSE: MPX) announced today that its Board of Directors declared an 8.3 percent increase to the regular quarterly cash dividend from $0.06 per share to $0.065 per share payable March 10, 2008 to common shareholders of record at the close of business on February 8, 2008.

Marine Products Corporation also announced today that its Board of Directors approved a program authorizing the repurchase of an additional 3,000,000 shares of its common stock.  Marine Products Corporation plans to repurchase shares at times and prices considered appropriate by the Company.

Marine Products is a leading manufacturer of fiberglass boats, including Chaparral pleasure boats and Robalo sport fishing boats.  Marine Products Corporation's investor Web site can be found on the Internet at www.marineproductscorp.com.

For information about Marine Products Corporation please contact:

Ben M. Palmer

Chief Financial Officer

404.321.7910

irdept@marineproductscorp.com

Jim Landers

Corporate Finance

404.321.2162

jlanders@marineproductscorp.com