Nabaltec : announces expansion and reorganization of US operations
June 21, 2018 at 04:05 am EDT
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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.
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: InvestorRelations@nabaltec.de
E-mail: nabaltec@better-orange.de
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.
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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 
