16.12.2014
Nabaltec AG DE000A0KPPR7
DGAP-News: Nabaltec AG planning significant expansion of production capacity in the USA
DGAP-News: Nabaltec AG / Key word(s): Miscellaneous
Nabaltec AG planning significant expansion of production capacity in
the USA
16.12.2014 / 10:00
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Nabaltec AG planning significant expansion of production capacity in the
USA
Schwandorf, 16 December 2014 - In response to the constantly growing demand
for fine precipitated hydroxides mainly in the US market, Nabaltec AG plans
to expand the production capacity of its Nashtec joint venture in Corpus
Christi (Texas/USA) by approximately 40%. Appropriate agreements have
already been reached with Nabaltec's joint venture partner, Sherwin Alumina
Company, LLC. The annual production capacity for fine precipitated aluminum
hydroxide, the company's top-selling product, is to be expanded to over
30,000 tons. Construction of the new facilities is scheduled to start in
2015 and should be completed by early 2016. Thanks to steadily increasing
demand in the USA and the US dollar zone, Nashtec has been operating close
to full capacity. The planned expansion measures will be implemented
without affecting ongoing operations.
Johannes Heckmann, Member of the Board of Nabaltec AG: "Nashtec has been a
success story for Nabaltec ever since the start of production in 2006.
Today, we are the only company in the world to produce fine precipitated
aluminum hydroxides both in the USA and in Europe - and we do so to the
same high standards of quality at both production sites. Nashtec remains a
very important component of our global strategy."
The Nashtec joint venture was founded by Nabaltec and Sherwin Alumina in
2004. Sherwin Alumina Company, LLC is a subsidiary of GlencoreXstrata plc.
The production of fine precipitated aluminum hydroxide began in November
2006. The production facilities in Corpus Christi (Texas/USA) are located
adjacent to the Sherwin Alumina plant which supplies primary materials and
energy to Nashtec and enables the company to benefit from the existing
infrastructure.
About Nabaltec AG:
Nabaltec AG, with registered office in Schwandorf, a chemicals business
which has received multiple awards for innovativeness, manufactures,
develops and distributes highly specialized products based on aluminum
hydroxide ("ATH") and aluminum oxide, as well as other raw materials, on an
industrial scale through its "Functional Fillers" and "Technical Ceramics"
divisions. The company's product range includes halogen-free flame
retardant fillers and eco-friendly additives for the plastics industry.
Flame retardant fillers are used e.g. in cables in tunnels, airports,
high-rise buildings and electronic devices, while additives replace
stabilizers containing heavy metals in PVC processing. Nabaltec also
produces base materials for use in technical ceramics, the refractory
industry and catalysis. Unlike halogenated flame retardant fillers, the
products manufactured by the company's "Functional Fillers" division
contain no hazardous substances and do not require separate disposal.
Rather, the company's flame retardant fillers actually decrease the
development of fumes hazardous to human health and the environment in the
event of fire. Nabaltec maintains production sites in Germany and the US
and plans to continue to consolidate its market position by expanding
capacity, further optimizing processes and quality and making strategic
extensions to its product range. On the strength of its specialty products,
the company strives to attain the market leadership in each segment.
Contact:
Heidi Wiendl
Nabaltec AG
Phone: +49 9431 53-202
Fax: +49 9431 53-260
E-mail: [email protected]
Frank Ostermair
Better Orange IR & HV AG
Phone: +49 89 8896906-14
Fax: +49 89 8896906-66
E-mail: [email protected]
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16.12.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Nabaltec AG
Alustraße 50-52
92421 Schwandorf
Germany
Phone: +49 9431 53-0
Fax: +49 9431 53-260
E-mail: info @nabaltec.de
Internet: www.nabaltec.de
ISIN: DE000A0KPPR7, DE000A1EWL99
WKN: A0KPPR, A1EWL9
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart;
Frankfurt in Open Market (Entry Standard)
End of News DGAP News-Service
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