Corporate | 31 August 2007 10:00
Nabaltec AG / Miscellaneous
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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The issuer / publisher is solely responsible for the content of this announcement.
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Nabaltec AG: Nashtec to reach full capacity in October 2007
Schwandorf, 31 August 2007 – Nabaltec AG, a leading supplier of
mineral-based flame retardants and raw materials for technical ceramics,
expects its US joint venture, Nashtec, to return to full capacity in
October 2007, as announced, after which it will be able to meet all
customer orders again. In early August, an extensive safety inspection had
to be conducted of all precipitators at Nashtec after a design error had
resulted in a technical defect. This action has now been successfully
completed, and design improvements have already been made to some
precipitators. These incurred costs are covered by the warranty of the tank
manufacturer and insurance. Nabaltec AG expects production already to
resume in the coming week and the first deliveries from the production site
in Corpus Christi, Texas, to be made in the 38th week of the year, as
scheduled.
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: InvestorRelations@nabaltec.de
Frank Ostermair / Linh Chung
Haubrok Investor Relations GmbH
Phone: +49 89 461347-10
Fax: +49 89 461347-29
E-mail: F.Ostermair@haubrok.de
31.08.2007 Financial News transmitted by DGAP
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Language: English
Issuer: Nabaltec AG
Alustraße 50-52
94241 Schwandorf
Deutschland
Phone: +49 9431 53-0
Fax: +49 9431 53-260
E-mail: info@nabaltec.de
Internet: www.nabaltec.de
ISIN: DE000A0KPPR7
WKN: A0KPPR
Indices:
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart; Entry
Standard in Frankfurt
End of News DGAP News-Service
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