Nabaltec AG: Hurricane Harvey did not cause serious damage at the Nashtec plant
August 29, 2017 at 07:00 am EDT
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DGAP-News: Nabaltec AG / Key word(s): Miscellaneous
Nabaltec AG: Hurricane Harvey did not cause serious damage at the Nashtec plant
29.08.2017 / 13:00
The issuer is solely responsible for the content of this announcement.
Nabaltec AG: Hurricane Harvey did not cause serious damage at the Nashtec plant
Schwandorf, 29 August 2017 - Hurricane Harvey, which has been circulating over the Texas Gulf Coast since Friday, August 24, 2017, has not caused any severe damage at the Nashtec plant in Gregory, Texas. Only minor damage is encountered. The plant has not been confronted by the hurricane with any major flooding. Currently the plant is without electricity which most likely will be the case for the next couple of days.
In regard to the construction work at Nashtec for the capacity expansion and the conversion to a stand-alone operation Nabaltec AG does not expect any major delay to the original schedule.
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 two product segments, "Functional Fillers" and "Technical Ceramics." 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 base materials 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.
Frank Ostermair/Vera Müller
Better Orange IR & HV AG
Phone: +49 89 8896906-14
Fax: +49 89 8896906-66
E-mail: nabaltec@better-orange.de
29.08.2017 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:
Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt
Nabaltec AG is a Germany-based company that develops, manufactures and distributes functional fillers for the plastics industry and raw materials for technical ceramics. The Company operates through two segments: Functional Fillers and Technical Ceramics. The Functional Fillers segment develops, produces and distributes halogen-free, flame retardant fillers on the basis of aluminum hydroxide und the APYRAL trade name, as well as on the basis of magnesium hydroxide, under the APYMAG brand. The Technical Ceramics segment produces calcined aluminum oxides and sintered mullites, as well as complete ceramic bodies. In addition to that, the Company also performs chemical and physical tests for inorganic raw materials and technical materials, mineral raw materials, mineral- or ceramic-bound construction materials and inorganic binding agents, plus the analysis of geological samples, filter dusts and fly ashes.
NABALTEC AG 
