DGAP-Adhoc: Nabaltec AG intends to acquire land and buildings for the construction of an additional production plant in the US
08.02.2018 (www.4investors.de) -
DGAP-Ad-hoc: Nabaltec AG / Key word(s): Miscellaneous
Nabaltec AG intends to acquire land and buildings for the construction of an additional production plant in the US
08-Feb-2018 / 16:08 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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.
Phone: +49 9431 53-201
Fax: +49 9431 53-203
Frank Ostermair/Vera Müller
Better Orange IR & HV AG
Phone: +49 89 8896906-14
Fax: +49 89 8896906-66
08-Feb-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
+49 9431 53-0
+49 9431 53-260
Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange
End of Announcement
DGAP News Service
652755 08-Feb-2018 CET/CEST
Probiodrug: Drei entscheidende Jahre im Kampf gegen Alzheimer
Gigaset: „Werden bald eine ganz neue Art von Kommunikation erleben“