DGAP-News: Nabaltec AG
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Nabaltec expands production capacities at Schwandorf site
Schwandorf, 21 December 2021 - Nabaltec AG is expanding its production capacities for boehmite at the Schwandorf site by investing an amount in the mid double-digit million range.
Production output will be more than doubled from 10,000 to 25,000 tons per year. Commissioning is slated for the second half of 2023.
"With the Supervisory Board's approval of this forward-looking project, we are in a position to consistently meet the rapidly increasing growth in the lithium ion battery market, financially a key market for us," said Johannes Heckmann, CEO of Nabaltec AG.
Boehmite is an important component for the coating of separator films in lithium ion batteries and serves as a thermostabilizer among other things.
The company foresees strong, growing demand for electric cars based on lithium ion technology over the next five years. This expectation is supported by the course of the automotive industry in Europe, with its increasing focus on the manufacture of electrically powered vehicles.
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 eco-friendly 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, the refractory and polishing industries. 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.
21.12.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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|End of News||DGAP News Service|