Nabaltec AG - Regulatory Filings 2018

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Corporate | 2 August 2018 10:00

Nabaltec AG: US company Naprotec LLC acquires land and buildings

DGAP-News: Nabaltec AG / Key word(s): Miscellaneous

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: [email protected]	E-mail: [email protected]

02.08.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

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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:	[email protected]
Internet:	www.nabaltec.de
ISIN:	DE000A0KPPR7, DE000A1EWL99
WKN:	A0KPPR, A1EWL9
Indices:	Scale 30
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange