21.06.2018
Nabaltec AG DE000A0KPPR7
DGAP-News: Nabaltec AG announces expansion and reorganization of US operations
DGAP-News: Nabaltec AG / Key word(s): Miscellaneous
Nabaltec AG announces expansion and reorganization of US operations
21.06.2018 / 10:00
The issuer is solely responsible for the content of this announcement.
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Nabaltec AG announces expansion and reorganization of US operations
Schwandorf, 21 June 2018 - Nabaltec AG will be significantly expanding its
operations in the US. After successful examination of the location, Nabaltec
has decided to acquire land and buildings in Chattanooga, Tennessee for the
construction of a refined hydroxide production plant with a capacity of
about 30,000 tons per year. Naprotec LLC has been formed for this purpose
and will serve as a production company. The Group's shares in this company
have been contributed to the newly formed subsidiary Nabaltec USA
Corporation. Nabaltec will be significantly extending its production
portfolio in the US for halogen-free flame retardants. The investment volume
for the first phase of the project is expected to amount to about USD 12
million. Based on current estimates, the plant is to be built by mid-2019.
Nabaltec expects the new plant to have a positive impact on consolidated
earnings one year after it goes online.
The Group's shares in Nashtec will also be contributed to Nabaltec USA
Corporation. Nabaltec USA Corporation will be responsible for performing
administrative tasks for all US companies, such as accounting, as well as
for overseeing Nabaltec Group's sales activities in North America.
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 and aluminum oxide on an industrial scale through its two product
segments, "Functional Fillers" and "Specialty Alumina." The company's
product range includes halogen-free flame retardant fillers and functional
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 have applications in catalysis and in electric vehicles.
Nabaltec also produces specialty oxides for use in technical ceramics and
the refractory industry. Unlike halogenated flame retardants, flame
retardant fillers contain no hazardous substances and do not require
separate disposal. Rather, they 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:
Heidi Wiendl-Schneller Frank Ostermair/Vera Müller
Nabaltec AG Better Orange IR & HV AG
Phone: 09431 53-202 Phone: 089 8896906-14
Fax: 09431 53-260 Fax: 089 8896906-66
E-mail: E-mail:
[email protected] [email protected]
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21.06.2018 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
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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696945 21.06.2018
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