Nabaltec : intends to acquire land and buildings for the construction of an additional production plant in the US

Nabaltec AG intends to acquire land and buildings for the construction of an additional production plant in the US

Schwandorf, 8 February 2018 - The Management Board of Nabaltec AG, with the approval of the Supervisory Board, resolved today to acquire two properties in the US through a US subsidiary which has yet to be formed. The first phase of the current plan is the construction of a production facility for refined hydroxides with a capacity of about 30,000 tons per year by mid-2019. A facility for the production of boehmite will follow in a second phase. This project will allow Nabaltec to extend its product portfolio in the US for non-halogenated flame retardant and catalysis applications. The investment volume for the first phase of the project is expected to be about USD 12 million. Nabaltec currently expects to see a positive impact on consolidated earnings one year after the new plant goes online.

Contact:
Johannes Heckmann
Nabaltec AG
Phone: +49 9431 53-201
Fax: +49 9431 53-203
E-mail: jheckmann@nabaltec.de


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