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Nabaltec AG — Regulatory Filings 2007
Oct 5, 2007
5430_rns_2007-10-05_88b4b7e8-cda4-436d-bf6c-f2e187e88ff1.html
Regulatory Filings
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Corporate | 5 October 2007 10:00
‘Nashtec’ production in US fully back in operation
Nabaltec AG / Miscellaneous
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
- 'Nashtec' production in US fully back in operation
- Total fine hydroxide capacity rises by further 13,000 tonnes thanks to
new production line in Schwandorf
Schwandorf, October 5, 2007 – Nabaltec AG, a leading supplier of
mineral-based flame retardants and raw materials for technical ceramics,
resumed production at its location in Corpus Christi, Texas (USA), on
September 10. 'Nashtec' has now regained full production capacity, enabling
customers to be supplied with APYRAL 40 CD once again. The first delivery
took place on schedule on September 17.
In addition to Corpus Christi, Nabaltec also has successfully implemented
the planned capacity extension at the Schwandorf location. A new
production line for APYRAL CD qualities commenced operations a few days
ago. The company’s overall production capacity for fine hydroxides has thus
risen by 13,000 tonnes to a current total of 93,000 tonnes in the Group. A
further 13,000 tonnes of capacity are currently being installed in the form
of an additional new production line at Schwandorf. These volumes will be
available to the market from March 2008.
'By making these investments, we will be able to do justice to the ongoing
high level of demand for our products', commented Gerhard Witzany, Member
of the Board of Nabaltec AG. 'The additional capacities in Schwandorf will
enable us not only to make up for the impact of Nashtec, but also to
successfully maintain the track record of growth seen in the past. In the
current financial year, this will be reflected in consolidated sales of
around EUR 95 million and year-on-year earnings growth.'
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 'Functional Fillers' and 'Technical Ceramics'
divisions. The company's product range includes flame-retardant fillers for
the plastics industry, used e.g. in cables, tunnels, airports, high-rise
buildings and electronic devices, as well as base materials for use in
technical ceramics, the refractory industry and catalysis. Unlike
halogenated flame-retardant fillers, the products manufactured by the
company's 'Functional Fillers' division contain no hazardous substances and
do not require separate disposal. Rather, the company's flame-retardant
fillers 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. It aims to further consolidate its
market position by increasing capacity, continuing to optimize its
processes and product quality and strategic additions to its product range
and to secure the market leadership in each segment where its specialty
products are represented, in addition to qualitative leadership.
Contact:
Heidi Wiendl
Nabaltec AG
Phone: +49 9431 53-202
Fax: +49 9431 53-260
E-mail: [email protected]
Linh Chung
Haubrok Investor Relations GmbH
Phone: +49 211 30126-101
Fax: +49 211 30126-5101
E-mail: [email protected]
05.10.2007 Financial News transmitted by DGAP
Language: English
Issuer: Nabaltec AG
Alustraße 50-52
94241 Schwandorf
Deutschland
Phone: +49 9431 53-0
Fax: +49 9431 53-260
E-mail: [email protected]
Internet: www.nabaltec.de
ISIN: DE000A0KPPR7
WKN: A0KPPR
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart; Entry
Standard in Frankfurt
End of News DGAP News-Service