12.08.2016
Nabaltec AG DE000A0KPPR7
DGAP-News: Nabaltec AG: Supply of APYRAL(R) 40 CD; Nashtec's situation; the announced closure of Sherwin Alumina
DGAP-News: Nabaltec AG / Key word(s): Miscellaneous
Nabaltec AG: Supply of APYRAL(R) 40 CD; Nashtec's situation; the announced
closure of Sherwin Alumina
12.08.2016 / 10:00
The issuer is solely responsible for the content of this announcement.
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Supply of APYRAL(R) 40 CD; Nashtec's situation; the announced closure of
Sherwin Alumina
Schwandorf, 12 August 2016 - Sherwin Alumina LLC, the raw materials
supplier and cooperating partner of the Nashtec LLC joint venture,
announced in a press release on 1 August 2016 that it plans to discontinue
production. Production is to be discontinued through the end of August
2016.
As a result, Nashtec will lose its current supplier of raw materials and
will also have to temporarily halt production commencing from September.
The plan is for Nashtec to continue to operate in the future on a stand-
alone basis, but this will require the agreement of the joint venture
partner and implementation of an investment package which has already been
planned. Once this is accomplished, Nashtec will be able to produce
chemical grade aluminum hydroxide-based APYRAL(R) 40 CD as Nabaltec AG has
done in Schwandorf for decades.
By taking various measures, Nabaltec has been able to increase capacity for
fine precipitated aluminum hydroxide at the Schwandorf site in recent
months, which will allow Nabaltec to continue to supply all of its
customers in the accustomed quality. Nabaltec will take advantage of the
time until the production stoppage in Corpus Christi in order to build up
safety stocks and fill the supply chain so that Nashtec's customers need
not be concerned about limited supply.
Nabaltec's sales team and the commercial agents will stay in close contact
with their customers in the coming weeks in order to keep them informed
about current developments and coordinate supply with them.
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 develop 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:
Marina Fuchs
Nabaltec AG
Phone: +49 9431 53-205
Fax: +49 9431 53-203
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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12.08.2016 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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: [email protected]
Internet: www.nabaltec.de
ISIN: DE000A0KPPR7, DE000A1EWL99
WKN: A0KPPR, A1EWL9
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange; Open Market (Entry
Standard) in Frankfurt
End of News DGAP News Service
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491839 12.08.2016
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