Nabaltec AG: US company Naprotec LLC acquires land and buildings
August 02, 2018 at 04:05 am EDT
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DGAP-News: Nabaltec AG / Key word(s): Miscellaneous
Nabaltec AG: US company Naprotec LLC acquires land and buildings
02.08.2018 / 10:00
The issuer is solely responsible for the content of this announcement.
Nabaltec AG: US company Naprotec LLC acquires land and buildings
Schwandorf, 2 August 2018 - After concluding a due diligence review, the newly formed US company Naprotec LLC acquired land and buildings in Chattanooga, Tennessee, in the US, effective 27 July 2018. Naprotec LLC is a wholly-owned subsidiary of Nabaltec USA Corporation. Both companies were formed in connection with the realignment of the US business and both are members of Nabaltec Group. Current plans call for construction of a production facility for refined hydroxides with a capacity of around 30,000 tons per year by mid-2019. Nabaltec expects the project to have a positive impact on consolidated earnings one year after the new US plant goes online.
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
02.08.2018 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.