COIL INAUGURATES ITS SIXTH PRODUCTION LINE AT ITS ULTRAMODERN BERNBURG SITE IN GERMANY
Brussels, September 14, 2017 (8 am) - COIL, the world leader for aluminium anodising, has further strengthened its continuous anodised aluminium production capacity with today's inauguration of a new advanced line at its Bernburg site in Germany. The completion of this major investment highlights COIL's commitment to developing its industrial capabilities to support its growth and harness its markets' potential.
The launch of operations on Line 6 will further strengthen the Bernburg plant's specialisation in large-scale production runs for anodised aluminium serving the construction and architecture markets. Alongside Line 5, set up in 2004, Line 6 will enable COIL, whose production capacities in Germany were previously saturated, to free up the capacity needed to meet the growing demand for thick-gauge anodised aluminium in particular.
With an annual production capacity of 15,000 tonnes, Line 6 offers outstanding dimensional performance capabilities. It is 250 metres long, with continuous anodising capacity to handle aluminium coils up to 2 m wide and 3.5 mm thick for all the finishing and colour ranges available, with a maximum weight of 12 tonnes. Alongside the opening of this sixth line, a new logistics room will be set up and new equipment rolled out to increase automation levels for processing coils.
COIL has invested a total of €24.1 million in these new strong value-added facilities. With 24.7% of its financing covered through subsidies from the Saxony-Anhalt Landesförderinstitut, funded by the Saxony-Anhalt regional government, the German Republic and Finanzamt, the German Ministry of Finance, these investments will make it possible to rapidly increase the Bernburg plant's operational efficiency and competitiveness to levels that are unrivalled worldwide.
These industrial investments are essential for COIL's strategy. As Line 6 ramps up, this will enable it to further optimise its cost structure, while continuing to offer and develop high-quality solutions for its rolling mill and industrial clients. It will also help support the expansion of its offers in new high-growth regional markets, particularly in Asia. The Bernburg site is COIL's main export facility and is capitalising on the outstanding reputation of items "Made in Germany" on international markets.
Tim Hutton, COIL's Chief Executive Officer, concludes: "Our business has developed significantly over the last three years. We needed to increase our capacity to support this growth. The effective strengthening of our Bernburg plant in Germany and the next-generation batch anodising line to be set up shortly in Belgium, before the end of 2017, will provide extensive support for the long term to conquer new markets. With our strong and flexible available production capacity, we will have resources in place from 2018 to further strengthen our profitable growth dynamic".
| COIL is the world's largest architectural and industrial anodiser. |
Anodising is an electrochemical process - electrolysis - that develops a natural and protective exterior layer on aluminium that can be coloured, providing exceptional corrosion protection and/or increased functionality for the metal.
Anodising preserves all the natural and ecological properties of aluminium - it retains its high strength-to-weight ratio, non-magnetic properties and exceptional corrosion resistance without any impact on the total and repeated recyclability of the metal.
Anodised aluminium is used across a wide range of architectural, designer, industrial and automotive applications.
| Euronext Growth Paris |
ISIN: BE0160342011 - ALCOI
Chief Executive Officer
Tel: +32 (0)11 88 01 88
Tel: +33 (0)1 53 65 68 68
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: COIL via Globenewswire